want to buy land in pune just for investment. which are the best area and what are the current prices ?? anybody can give me guidelines
2007-02-19 07:26:32 · 5 answers · asked by Anonymous in Travel ➔ India ➔ Pune
anywhere even budhwar peth
2007-02-20 19:31:46 · answer #1 · answered by Dinesh 4 · 0⤊ 0⤋
Real Estate prices have been galloping in India over the last few years.
Since 2003 prices in Bangalore have been steadily rising upwards. Property purchased at 400Rs per sq feet has risen to 1800-2000Rs per sq feet within a few years. This is a 400-500% increase in price. Similarly for Noida. A plot for constructing an independent house is not available in Noida today for less than a crore . Why does all this make Pune property attractive?
Pune has been in the Real Estate news for a little over a year. So it's essentially been overlooked vis-a-vis hot IT markets like Bangalore and Noida. Real estate prices are still realistic in Pune. In the Eastern suburbs, you can still buy plots in Kondhva for about 600 Rs. Builders like Nyati, Cloud 9, Clover Village are the major sellers for plots and row houses in this area.
In the Western Suburbs Hinjewadi is the place where all the Real Estate action is happening. This is mainly because of the IT Park situated here. IT majors Infosys, Wipro, Cognizant are already there. New players have been coming in every month. This has resulted in a boom for rental accommodation in this area and also surrounding areas like Aundh, Baner, Bhugaon, Pune University.
A definite lower cost of living, fantastic weather, a small insular city which makes travelling easy, an extremely young upbeat crowd all add to the Pune charm. Pune is just a 3 hours drive over the expressway to Bombay and is well connected by air, road and rail. IT companies are moving to Pune since it's being seen as an extremely 'livable' city. The best property all over India
David Thomoson, an associated editor to pune360.com , is a contributing author to the www.pune360.com for distinct article sites/journals. Please feel free to visit www.pune360.com for more information on Real Estate, property and classified issues Or write to him AT pune360@hotmail.com. Any comments and /or suggestions will be highly appreciated.
2007-02-20 07:54:39 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Well It Even Depends Upon How Much Land U Wanna Buy In Thousands Square Fits Or Acrs
2007-02-19 15:34:11 · answer #3 · answered by blueblood 3 · 0⤊ 0⤋
Why dont you try in Mukund nagar which is near Swargate,this is an real upcomming area where recently many MNC have opened their retail outlets.
The rate starts form Rs-3000 to 4000 Per SqFt(I dont know the exact Unit).Mukund nagar is an promising investment.
2007-02-19 16:56:11 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Baner Road, Aundh- its near Mumbai pune xpressway, and still developing and near the IT park.... dont know the price now but this place shud develop soon...
2007-02-20 06:29:56 · answer #5 · answered by Chikki 1 · 0⤊ 0⤋