let us take a look at the current ‘carpet area cost’ trends in Maharashtra’s most culturally rich city. Buying a house can be the biggest milestone in one’s life. However, it is never a cakewalk as house hunting can have an overwhelming impact on finances. While we ascertain several factors like infrastructural development, financial returns etc., the first step is always difficult – determining budget. And in a city like Pune, it can be tricky to pin a location where you can build your dream home.
Pune is one of Maharashtra’s oldest cities. The city has witnessed a phase shift in the past decade as it transformed from a humble neighborhood into a bustling IT hub. As a result, Pune saw a dramatic change in its land prices.
Following are some of Pune city’s most sought-after areas to buy residential properties:
- Sinhagad Road
It is one of Pune’s popular localities that is efficiently connected to the rest of the localities. With the rise in commercial spaces such as shopping complexes, malls, and multiplexes, Sinhagad Road has seen an increase in demand for residential complexes. Hence projects such as Sun City Ambegaon, Sun Enclave, Sun Crest, and Sun Vista offer luxurious living spaces. The carpet area cost of Sinhagad Road is within the affordable range of 6000 per sq. ft. to Rs. 8000 per sq. ft. - Hadapsar
Apart from being a prominent tourist site due to Gliding Center, Pune, Hadapsar is also reputed for its schools and engineering colleges. This development fuelled residential demand. Projects like Sun Sapphire are offering living spaces with modern amenities. With carpet area costs ranging between 7000 to 8000 per sq. ft. it is one of the most sought-after areas for upper-middle-class families. - Kalyani Nagar
Think IT parks, think Kalyani Nagar. It is one of the poshest residential areas to live in Pune because of its prominent commercial and residential establishments. Kalyani Nagar is in the heart of the city. This gives its residents the advantage of easily accessing airport and railway station. Projects like Sun Solitaire offer luxurious living with modern amenities at great prices. The average carpet area cost in Kalyani Nagar ranges between 13,000 to 14,000 per sq. ft. - Shivaji Nagar
It is one of the yet other effluent areas of Pune which is also known for its green zones. Shivaji Park is known for its high-end housing societies, and residential prices might see a rise die to limited development in the area. Currently, you will have to shell close to Rs 18000 per sq. ft. to build your dream home in Shivaji Nagar. - Koregoan Park
The area is known for its cleanliness and lush greenery. Koregaon Park has seen immense rise in commercial establishments such as restaurants, shopping malls, night clubs, and other retail outlets. This has given rise in demand for more residential complexes in the area. As a result, residential spaces at Koregaon Park are built with carpet area cost of around 16,000 per sq. ft.
Based on the evaluation of different areas, the average carpet area cost for buying your dream home in Pune is between Rs. 8000 per sq. ft. to Rs. 12000 per sq. ft. So, properties mentioned above can be great avenues to explore if you are planning to buy your dream home in Pune as they offer residential apartments well within the average carpet area cost.