Keen to invest in Pune? Do you think property
in Pune is the right investment for you? Yes the city has a lot to
offer with a diverse population consisting of retirees and college students the
city mixes the old with the new and comes up with something that pleases each.
With a reputation for providing great education at its many schools and
colleges, Pune has a young college going population which often continues to
live and work in the city long after completing their education from one of
Pune’s educational institutes.
If you are keen investor and have some money set aside, then
perhaps you should set your sights on Ambegaon Budruk, a suburb of Pune. A
great deal of the property at this location is new with few developments that
are older than 10 years. The buildings are efficiently designed with many builders
in Pune with a presence in this
swanky suburb. As far as owing property
in Pune is concerned Ambegaon offers great value for money as it is a
new region where prices are still within the reach of much of the middle class
and upper middle class, you will find many 2 and 3 flats in Ambegaon priced
below 70 lakhs.
Though the price of property at Ambegaon has dropped over the past
few years, it does not lessen the attractiveness of this region as an excellent
place to own a home. Prices now hover close to 4500 rupees per square foot at
Ambegaon but over time shall appreciate along with much of the real estate in
other parts of the county.
Most of the developments at Ambegaon are smartly designed keeping
in mind all the modern conveniences young tech savvy young people are
accustomed to, many developments offer addition features such as a gym,
swimming pool as well as a community hall at which functions and other public
events may be held.
Ambegaon is experiencing what can only be described as a frenzy of
building, with close to 15 new developments under construction; there are a
significant number of upcoming
residential projects in Pune under construction at Ambegaon. It has
also gained its fair share of attention as a part of the city with rapidly
appreciating real estate, prompting many to seek to invest in the locality.
Despite an overall fall in real estate prices in Ambegaon, there
are individual developments which have appreciated in price since being
launched or since being sold by original owner. As an interesting case 3 BHK
flats which were sold by the builder for 67 lakhs now command a resale price
nearly 10 lakhs higher.
Thank you!
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