Making a great package for home buyers and investors alike, properties in Talegaon of Pune is a location that one should not miss. It is connected well with the other major parts of the city and at the same time, offers properties that are quite affordable.
It is a destination which we are going to explore today in this article. After all, before making any decision, you need to know all pros and cons about the location and once you are aware of the major points to look for, you can take a deep dive into the matter.
Proximity to commercial destinations
Talegaon properties are preferred by those who work in the nearby commercial centers. As the locality enjoys proximity to Hinjewadi IT Park, a number of professionals working at this park prefer to live in Talegaon. The distance of 20 kms between these two locations can be swiftly covered in a matter of 45 minutes through NH48. This national highway further connects with Mumbai-Pune Highway.
The accessibility to these two highways enable Talegaon residents to move around all the parts of the Pune city without any hassles. Through the NH48, one can access the Pune Junction Railway Station and Airport, which are located at a distance of 35-45 kms from Talegaon.
Another major advantage that Talegaon enjoys, in terms of its location, is its proximity to Pimpri Chinchwad Municipal Corporation (PCMC) industrial belt.
These two major commercial hubs keep the properties in Talegaon afloat. Be it capital transaction or rental market, the demand for properties in Talegaon is maintained well. Besides, there are plants and set-ups of Volkswagen, Mahindra, General Motors and many other global multinational companies around Talegaon.
What kind of budget you need to have?
The properties in Talegaon are priced in the range of Rs 3,500-4,000 per sq ft. The average property prices in Talegaon are recorded at Rs 3,750 per sq ft. That implies that a modest budget of Rs 40 lakh can get you a 1,000 sq ft 2BHK apartment.
There is a wide availability of 2BHK apartments, however, 1BHK-3BHK apartments are a little scarce. Some good options can be found out in case you opt to search out properties in the resale market. According to experts, real estate developers had sensed that properties in Talegaon will sell only if they are kept within the reach of common man.
That is why, one may not find large and luxurious properties in Talegaon. The maximum capital value that one may get would be Rs 60 lakh. That means, going by the average property prices of Rs 3,750 per sq ft, the maximum size of an apartment would be close to 1,500-1,600 sq ft.
Those who are looking for rental properties in Talegaon have a fair deal of availability at affordable prices. A 2BHK apartment can be availed of on rent at Rs 10,000 while 1BHK apartments can be taken up at Rs 6,000 per month.
It is due to the affordability of both capital and rental values, properties in Talegaon are treated as hot cakes in Pune.