Soaring property prices in Pune
Well, plotted developments have remained one of the most sought after choices for property buyers in the city of Pune. Development in infrastructural by leaps and bounds in the recent times has benefitted a lot of existing investors in the city. Pune is second largest city in Maharashtra, which has offered great appreciation as far as plots are considered, specifically due to infrastructure development.
Prices of plots in Pune have in fact doubled because of the increased guideline values. In 2012, approved plots in Pune cost just somewhere between Rs. 700 and Rs. 800 per square feet; however, in 2013, the prices increased to Rs. 1200 – 2400 per square feet. Now, the rates are even more and this increase would continue as days pass by. So, one can confidently invest in residential lands for sale in Pune.
In 2012, apartments cost somewhere between Rs. 800 and Rs. 1300 per square feet. However, a year later, the prices soar up to Rs. 3700 per square feet. Now, that was nearly 300% increase in the rates. This is just an example of how prices are increasing in this area year after year. At present, there are many lands for sale in Pune. If you consider an investment right now, you can reap huge profits in the future.
Speaking of infrastructure of the place, it is located at the dead end of the famous Mutha river. It is well connected by NH4 as well as the state highway. The demand for property comes mainly from buyers that are working in the commercial regions like Nashik, Nagpur, Pimpri- Chinchwad. The area receives its key residential demand from the employees of these areas.
Good connectivity and potential for appreciation are the main selling points of Pune. Since the connectivity of the state highways and NH, the area has enjoyed a boom in real estate. The capital values are bound to increase in the forthcoming years, according to experts. So, what are you waiting for? Book your plot or property in Pune to enjoy high returns in the near future.
