Pune property guide


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The Pune Property Guide, is one of a kind unique guide which will help you get an overview of various localities in Pune for your investment needs. This property guide provides snapshot for the city's profile, economy, key residential areas, infrastructure projects etc. The idea is to provide vital information about the city so that you take smart decisions to invest in property in a more effective way.

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Pune property guide

  1. 1. Pune Featured listings in PUNE City Overview: One of the growing cities of west India, Pune is blessed with traditional old economy industries that continue to play a pivotal role towards growth and development. Government and private sector, Research Institutes, Manufacturing, Information technology and Automobile are the pillars of Pune’s economy. Rapid growth of its industrial sector has made Pune one of the prime real estate hot spots of recent times. In the last few years, Pune has witnessed defence, engineering and other crucial sectors making it their headquarters, transforming it into a major industrial centre. Considered as the greenest urban areas of the nation, Pune has more than 40% of its area covered by greenery. After Bangalore, Pune has emerged as the potential destination to home the growing number of IT companies in the country. Hinjewadi in the west has emerged as a perfect destination for the upcoming IT/ITes companies in India, since it offers vast vacant land that is ideal for buil-to-suit offices. Click Here Currently, Pune is home to a number of IT/ITes giants, namely TCS, Infosys, Tech Mahindra, Wipro and Cognizant. The Rajiv Gandhi Infotech Park at Hinjewadi, Blueridge SEZ, Dlf Akruti IT SEZ and Embassy Techzone have changed the face of Pune into a major IT hub. Indian highways and state highways constitute connectivity in Pune. National Highway 4 connects Pune to Bangalore, Mumbai and Kolhapur, while NH 9 joins the city to Hyderabad and NH-50 to Nashik. The State Highway connects the city to Aurnagabad, Ahmednagar and Alandi. India’s first six-lane high-speed expressway, the Mumabi-Pune Expressway, has changed the overall connectivity of the city. Built in 2002, the Expressway has reduced the travel time between Mumbai and Pune by 2 hours. Click Here Local trains in Pune connects it to Lonavala and Pimpri-Chinchwad, while the daily express trains links the city to Hyderabad, Kochi, Chennai, Kanpur, Jammu, Patna, Mumbai, Delhi, Coimbatore, Bangalore, Howrah etc. Pune Metro Rail is in talks with the DMRCL for a more sustained connectivity. The proposed metro is expected to a blend of underground and elevated sections and the initial routes are outlined between Vanaz-Ramwadi and Pimpri-Swargate. PMPML buses offer excellent transport service within the city and its suburbs. In addition to it, the Maharashtra State Road Transport Corporation also provides buses from main stations in Pune Station, Shivajinagar and Swargate to all the prime locations in Maharashtra. Click Here Click Here Click Here Click Here Click Here Click Here
  2. 2. Infra Projects & Developments Name of the project Impact areas Expected Completion Date Remarks Outer Ring Road I Theur Phata-Wagholi-Chimbli 2017-18 Reduced travel time between NH9 and NH50. Bus Rapid Transit System (BRTS) project All over Pune Outer Ring Road II Connects Chimbali Phata, NH4 and Pirangut Completion of phase-I is expected in 2017-18 North and South of Pune can be easily accessed Outer Ring Road III Pirangut-Sinhagad-Pune Bangalore Highway Post 2018 Phase- III will connect West Pune with the south Outer Ring Road IV Katraj-Theur Phata Post 2018 Will connect NH-4 and NH-9 Pune Metro Rail Corridor I Ramwadi-Pune Station-Wanaz 2017-18 Will reduce the heavy traffic congestion between West and East Pune Pune Metro Rail Corridor II Pimpri Chinchwad-Shivaji Nagar-Swargate Post 2018 Presently in approval stage Key Localities in Pune: Property Registration: Locality Price per sq ft in Q3 2013 Balewadi 6077 Baner 6716 Hadapsar 5297 Hinjewadi 5064 Aundh 7861 Warje 5895 Kalyani Nagar Pimpri Chinchwad Undri Kharadi Wagoli 7200 4902 4343 5774 4254  Stamp Duty: 5 percent (on consideration or market value whichever is higher)  Registration Charge: Up to Rs 30,000 or 1 percent of property rate  VAT: 1% percent (on agreement value)  Service Tax: 2.575% of sale value Residential real estate market in Pune  Considered as an end-user market, the real estate prices in Pune are generally high and increasing. Increased input cost of the developers, together with rise in investor’s demand from the peripheral locations of the NRIs and Pune is what drives the residential real estate demand in the city.  Though the maximum demand was encountered in the Rs 30-Rs 40 lakh category, the supply was not up to the mark. The Rs 40-60 lakh category witnessed the maximum inventory supply. In comparison to the last year, carpet and built-up area in the city have elevated by 25-30%.  Demand for residential units in West Pune is emerging from the IT hub, which is located in the Rajiv Gandhi InfoTech Park, Hinjewadi. Demand in East Pune is mainly being driven by CBDs in Viman Nagar, Cyber City, Kharadi and Magarpatta.