With all the glitz and glamor of any other large metropolitan city in the country, along with property priced at rates which seem out of reach to most. How does one go about making wise investment decisions in a city as large, dynamic and diverse as Pune? Where can the average man or women with a long term investment horizon buy property in Pune?
Many low to middle income households dream of owning 2 BHK flats in Pune, such an investment would be ideal for a young married couple in their late 20’s or early 30’s, especially if they have a family. Though there are many locations in Pune where properties of this size are available, they may cost well over 50 Lakhs with some being far costlier.
Residential properties in Pune, though ubiquitous throughout the city are still not large enough in number to comfortably house every citizen of the city. This has led most flats in Pune to be priced much higher than flats in other cities of a similar size as Pune.
So how does one go about looking for a 2 or 3 BHK Flat in Pune? One effective way to look for homes in any city, not just Pune, is by using the internet. The top property websites in Pune can easily be discovered by using any search engine. Using such sites allows the user to compare homes and builders with criterion such as size of the apartment and amenities provided by the society in question.
Regardless of whether one approaches a property dealer or uses a website, in the end the prospective real estate buyer may still need to buy through an agent. The preponderance of such agents on the internet is astounding, though the first page of most search engines usually lists only highly reputable firms.
One of the top builders in Pune, Kushal Landmarks, offers high quality 2 BHK flats in Pune for well under 30 Lakhs. The property expected to be completed by 2017 has already appreciated by nearly 15% since being launched. Among other high quality builders who sell affordable housing in Pune are Areva, and Suravi Group each of whom has 1 or 2 BHK flats in Pune priced under 18 Lakhs.
An attractive location to buy inexpensive real estate in Pune is Pimpri. Pimpri has a lively real estate market with many builders in Pune constructing 1 to 2 BHK flats in the area. Among such builders in Pune are Sukhwani and Waghere Associates. Sukhwani offers 1 BHK flats in Pimpri all priced under 40 lakhs where as Waghere Associates is constructing 2 BHK flats in the same location also priced under 40 Lakhs. The upcoming project in Pune by Waghere Associates is expected to be completed by the end of this year and has already appreciated by more than 7 % since being launched.
As the interested reader can see, there is no shortage of inexpensive flats in Pune Property in Pune though more expensive than in other large cities like Bhopal and Guwahati is still within the reach of the middle income segment of India’s burgeoning middle class.