FIND YOUR DREAM HOMES WITHIN RS 40 LAKHS IN PUNE.

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.

If you have any question or want to know any information please comment below and also request you to give the feedback about this blog.

Luxury destination in Pune

Earlier It was assumed Pune’s biggest advantage was the climate,culture  and connectivity from Mumbai city. Now a days pune is changing its identity It has become a destination of investment  in real estate. Pune is growing from all the corner. Now this city has become an education and information technology hub. Presence of the all top notch IT companies in pune  makes it a hot property investment destination.

The concept of luxurious flat is mushrooming across the pune city.

 Koregaon park is the place which firstly built by british. Now it has become with one of the happing area. This place is very close to boat club and race course. It also enjoys connectivity to other major area of city like Dhole Patil Road,Swargate,Camp,M.G. Road, Deccan etc. Railway station and airport are also close to Koregaon park.At Koregaon Park we find finest of cuisine restaurants,pubs,shops,fashion, brand wear etc.

Near by areas like Kalyani Nagar has become one of the most preferred location  for living. This area is very well connected from Viman Nagar, Shastri Nagar, Koregaon park, boat club road, bund garden etc. Kalyani Nagar is well equipped with all the basic amenities. All kind of fast food like McDonald’s, D-mart shopping mall, KFC etc. Some of the prominent schools like Bishop’s school, Nagarwala High School are already there.

Other side of NIBM,  Undri is developing from a small villege to developing residential hub with all kind of world class infrastructure amenities. This area also enjoys good connectivity from the place like NIBM,Wanowarie. There are many premium housing projects  which provide luxury amenities. Infrastructure is being developed . PMC is putting focus on the growing areas in Pune. Undri is also close to Magarpatta and Hadapsar which are emerging IT hub. Also the connectivity is better.

Viman Nagar is also a popular destination in Pune. In Viman Nagar also you will find IT Parks, big hotels, educational institute. This place enjoys the connectivity from Airport and other important area of Pune like Kalyani Nagar, Koregaon Park. Viman Nagar is an idyllic place for residential projects. This area is a mix of residential and commercial place.

Baner is the place which enjoys connectivity from Pune city ,Mumbai Pune High way and also Hinjewadi IT Park. Infrastructure is good, roads are wider, Hotels, restaurant,  IT companies food bazaar,de-mart  etc. attract to peole to invest in real estate in these area. Working people in Hinjewadi  IT Park finds this place suitable for stay because of the connectivity from Pune city and Hinjewadi IT park. Because of the connectivity from Mumbai Pune highway Baner also attracts Mumbai’s real estate investor's

Many factor play role in developing a luxury destination. Pune is a hub of IT techies and they are paid hefty by the IT giants. So ultimately money is coming in the pocket of the people and they need some place to invest or spend. From since last decade real estate is giving better return to investors compare to any other assets.

Wagholi Most affordable destination but is it worthful in Pune ?

Wagholi is a happening realty area in Pune, which is equidistant from leading eastern suburbs. The development of Wagholi has made eastern Pune  a sought after residential location. Wagholi is one of the peripheral areas of Pune gaining limelight presently due to various developments mushrooming here. The eastern areas of Pune have been in demand since the growth of the commercial sector. Major IT and other business companies are also increasingly setting up their base here. The vast stretch of Wagholi along the Nagar Road has attracted developers and residents  alike .Wagholi is an extension of Kharadi. Wagholi is not completely exploited and is still in its initial phase of development. The social infrastructure is getting developed and new developments will promote the suburb. People looking for affordable housing and working in industrial areas of Nagar Road can find solace in Wagholi. The social infrastructure is growing with schools and hospitals in the area.

Connectivity

The connectivity is excellent as Wagholi has good access to Bund Garden, Shikhrapur-Chakan road and  lapur highway. The airport is 30 minutes away from Wagholi. As pune ends at Wagholi people from locations like Aurangabad,Ahmednagar find it good for investment as it is close to them. The current real estate market conditions are good and it is the right time to invest in Wagholi as the rates are cheaper here.

Living cost

Apart from land availability and affordable rates ,the other advantages for Wagholi are the commercial establishments planned in various locations in Pune reaching saturation level. The cosmopolitan atmosphere of the eastern side is attracting buyers here. People are now opting for Wagholi because of the affordability factor, proximity to various IT parks, good connectivity via Nagar Road which has now been widened and access to social infrastructure ,mall schools, and hotels etc.

Wagholi is strategically located on Pune nagar highway, it also enjoys the benefit of being located close to the Kharadi IT hub and other IT parks. It is witnessing social infrastructure development and is attracting buyers looking for both affordable as well as premium options. The place allows its residents to live away from the hustle and bustle of the city.

Facilities available at Wagholi.

Restaurants at Wagholi.

 

Chokhi Dhani Wagholi Pune

With the ongoing development of Wagholi area  restaurants  are establishing in the vicinity of Wagholi. Here I am giving you the list of restaurants in Wagholi.

 Chokhi Dhani, nagar highway Pune.

Kaveri Hotel, nagar road Pune

Marathi Tadka,next to chokhi Dhani Pune.

Shangri-la Hotel, Plot 135, Kamal baug nagar road Pune.

Punjabi Spice, Opposite to TATA motors Ubale nagar. Pune

The Coriander Leaf, Gate 1329 panmala, nagar road Wagholi Pune.

Teakwood Bistro,Near bharat petrol Pump Pune.

Schools at Wagholi

Wagholi has several educationsal institute. Over the years  there has been a phenomenal development in the belt  and it has emerged as a education hub.

Podar International School

Euro kids School

Kendriya Vidyalaya

The Lexicon International School

Mount ST Patrik Academy

 Jyotirmay International School.

Dube Sainik School etc..

  Hospitals at Wagholi

 Lifeline Specialty Hospital

Dr. Kolte Hospital

Nawale Hospital
Dhanwantri Multispeciality Hospital
Rakshak Hospital etc..


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Feel free to ask review about any real estate project in Wagholi. I love to read comments in below link. Request you to give feedback about this blog.

We are bachelors not Criminals...

Yesterday I met to a person he works with a reputed IT company Infosys.He asked me that he need a 1 bhk flat for rent. I asked him that will he stay with his family or with friend. He replied that with his friend. I told him that he would have very less option for flat may be you will not get a flat in society or good apartment you can get a flat either in a building which comes under a builder or society is still not formed. He put some option in front of me.

 He told me that he need flat for rent in the following project(society) Sukasa,madhupuspa,Mountvert Tropez,Windward,Aishwayam Green etc. I told him you need to marry and then you can stay with your wife or you need to ask to your parents to stay with you none of these societies(Project) allow bachelors to stay. He said “We are bachelors not criminals”.I told him that I can understand your pain because I am also an bachelor.

I found that almost 70% to 80%  societies does not allow bachelors in the society in Wakad or nearby area. Because of this it has become difficult to find a flat on rent for bachelors. Even there are many projects which does not form society still they don’t allow bachelors.

Somewhere I feel that bachelors are responsible for the action of society takes against bachelors.

Review of Property Market of Pune in 2012

 Pune real estate market performed exceedingly well in 2012. Property prices appreciated between 10-12%% in most areas, which is more than most other cities displayed this year.

There were some setbacks. One of these was the issue of VAT (Value Added Tax), which the Government made mandatory for all properties bought between June 2006 and March 2010. Over 1.5 lakh flat owners in the city were affected, and there was a visible cooling of relations between them and the builders. Another dampener was the fact that the RBI did not reduce home loan rates - a move which was expected and much required.

On the up side, the Government of Maharashtra removed the NOC system. This system required residential buyers to obtain a no-objection certificate from the project`s developer before registering a sale deed was possible. This was a very unpopular but long-standing system which involved the payment of Rs. 25000 or upward, depending on where the project was located. This cost was usually shared by the buyer and the seller, and the removal of this system has direct cost-saving implications which the market welcomed whole-heartedly.

Another positive factor was the Government`s formal notification to the fact that 28 more villages would be included under the Pune Municipal limits. While such locations are under Gram Panchayat jurisdiction, they tend to be at a disadvantage in terms of reliable water supply, electricity and public transport. The lack of full-fledged support from the Municipal Corporation for these facilities compromised the healthy growth of the real estate market in these areas. The property market in these areas is now going to improve, and there was a definite increase in interest in these areas when this Government notification was issued.

As already mentioned, there were ups and downs in 2012 - but throughout, Pune`s property market proved to be very resilient. Even as sales in neighbouring Mumbai plummeted, those in Pune continued to be healthy. During the festive season, no other city in Maharashtra showed as many new residential sales that Pune did.

The demand from the NRI community was considerable in 2012. This could be gauged by the number of inquiries that came from Indians living abroad which were followed up by local relatives or representatives. During the festive period, many NRIs visited Pune personally to close the deals.

These were all positive factors, but what really pulled Pune`s property sector through was the growing number of investors on the market. In 2012, our analysis of the market showed that only about 40% of all apartments in Pune are currently being bought and used by actual end users - flat owners who are personally using their properties for occupation.

35-40% of the remaining flats are held by investors for renting out to the growing transient working population in and around the city`s IT hubs. The remaining 15-20% of the flats are standing empty. These are either bought by NRIs who intend to move back to Pune in the near future, or are being held by speculators looking for a profitable resale.