Pune and PCMC is now India's most sought after real estate destination due to its cosmo culture. Pune Property market has grown exponentially in last 10 years due to huge growth of industrial and technology belts. With the huge migration happening in and across this city, every family that stays in Maharashtra now dreams to buy property in Pune with an assumption that there kids may settle down here in future. The property prices have grown exponentially and settled down to levels of INR 5000 to 6500 in decent areas. Same way flats in Pimpri are available in levels of Rs.5000 to Rs.6000.
The current diameter of Pune and Pimpri Chinchwad properties markets is spread across upto 60 kms. Buying an affordable property in this area should cost you anywhere between INR 3800 to 4000. A typical 1bhk flat now costs you anywhere between 30 to 40 Lacs whereas a 2bhk flat would cost you around 45 Lacs to 70 Lacs.
At the current levels, properties in pune may still offer you better growth as compared to Mumbai due to preference of people to settle down here. Surveys and research predict Pune property markets to grow almost double digits for next 5 to 10 years.
Pimpri Chinchwad Real Estate markets have as well seen a tremendous growth in last 5 years. Some of the premium residential projects in PCMC include River Residency - 1, 1.5, 2 & 3 bhk riverside luxury flats in Moshi. Due to tremendous rise in PCMC Industrial belts till Chakan, new properties in Moshi has seen a very good demand. PCMC Real Estate Markets have also grown fast because of extensive development of infrastructure. One such very important development is the Multiway bridge near Nashik Phata which will directly connect to Pimple Gurav thereby making residential projects like Kalpataru Estate, a very prime property in PCMC.
The future of Pune's and PCMC real estate markets definately looks brighter.
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