Are you looking to invest in east Pune within a budget of Rs. 40 lakhs ?
Wagholi, Undri, Hadapsar, Dhanori, are the localities that offer a wide range of options in one and two BHK apartments in this budget.There are several young professionals who prefer to buy a property rather than rent it. With low budgets, they prefer smaller homes of 1 or 2 BHK configurations, which are generally sized between 500 to 1000 sq ft. The developers who have caught the pulse of the market are offering these small homes in the areas close to IT hubs of Magarpatta and Kharadi.
Wagholi has many number of residential projects which would be ready for possession by the end of 2014.As per MagicBricks.com, 20 percent of the total projects in Pune that have either been delivered this year or would be ready for possession this year are located in Wagholi and out of these 8 out of 10 homes are configured as 1 or 2 BHK units.
The property values in Kharadi are much higher than Wagholi and therefore, the buyers are moving towards Wagholi in search of affordable small homes. Currently a 1000 sq-ft apartment in Kharadi is available at Rs 50 to 55 akhs while a same sized property in Wagholi can be bought at Rs 35 to 40 lakhs. A similar scene is seen in Undri,where configurations of 1 and 2-BHK untis are selling like hot cakes.Undri offers maximum properties in the range of Rs 35-40 lakhs. With places like Wanowrie and NIBM coming in higher values, buyers are seriously considering Undri. The presence of a young crowd ensures higher demand for smaller units as these properties fit in their budget.
Even Dhanori is a popular destination among the working population around the eastern belt of Pune. The small housing units are majorly in demand as these are easy to maintain. The property values in Dhanori are comparatively lower than its neighbouring area.
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