Pune, One of the Top Property Markets in India

Even though the city is witnessing a sluggish environment growth, Pune has maintained its status of being a safe property investment destination. According to the sources, the average capital appreciation rate of a property in Pune is projected to be 12-15 per cent for the year ahead. As per the prediction, the areas like Marunji Road, Hinjewadi, kharadi and its neighbourhood areas will witness a maximum property appreciation in the next few years.

Over the past two years, the major cities like Bangalore, Delhi, Mumbai, Chennai and Hyderabad is seeing a huge residential demand and supply. When compared to other major cities in India, the Pune real estate market saw a steady appreciation With a constant rate of capital appreciation every year, the property investors in Pune are assured of getting a good return on investment. Thus, Pune have become the preferred location for property investors who want to make a safe property investment.

On the other hand, the property prices in Delhi NCR witnessed a huge depreciation in the last two years while Mumbai saw a slight appreciation at the same time-period. The overall report says, the number of residential project launches in Pune and residential demand reduced in 2014.

When it comes to residential property, the market is majorly driven by the mid-segment homes. The home buyers generally prefer the residential properties with a price range between Rs 4,500 and Rs 5,200 per sq ft. As the price level have reached Rs 5,500 per sqft in Hinjewadi, the sales went down in the residential projects in this area. Interestingly, the township projects are demanded high in the city. With the upcoming developments in terms of commercial and infrastructure, the property market of Pune will flourish in the following years. Thus, it's the right time to invest in Pune.@@@@@@@@@@@@@@@

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