Home Add to Favorite Contact Submit  
           18 August, 2019

Category:  Press » Business


Is property in Pune hot?

         Views: 1586
2008-01-26 02:07:49     
Parvez Chauhan

"Bowled over by the property rates in nearby Mumbai, I decided to scout for my dream home in Pune. A 2-hour ride through the Mumbai-Pune express way landed me into a place called Shivaji Nagar, hardly few kilometres away from Mumbai. Immediately, I spoke to a real estate agent on the property rates and I was absolutely shocked on what I heard!

I was told that the rates of the property are as follows
. Per square foot for a 2 Bedroom Hall Kitchen - 2000 per Square Feet
. Per square foot for a Bungalow - 2250 per Square feet

"That's impossible", I told him. Only last year, the rates were in the 1000s. Why could the rates go high? When I asked him, he told me "Sir, look around." It was then that I knew the reason for the steep increase in prices of property in Pune. I had been to the same place a year before. Then, it was all open spaces and today, it has construction work going on in 20 something skyscrapers with more to come.

I asked the real estate agent on what were the reasons behind the construction boom. He told me that following reasons:

. Mumbai is getting to be a costlier place to live and hence a lot of people want to migrate to Pune. The lifestyle in Pune is pretty much mirroring itself on Mumbai, hence people who have lived in Mumbai would not miss much.
. Pune has got an international airport and is well connected to all major cities of India by train.
. Pune has also become one of the top Tier II cities that have thrived on the IT boom. Companies mostly BPOs have set up base here in Pune. As these companies pay their employees big, people have more money to invest in property.

I so badly wanted to buy a property in Pune as I was charmed by the city's slow pace. What a shame as my dreams were squashed by the high rates! This was when my agent told me that he would take me to an alternative place about 20 kilometers away. He told me that I could find a place as per my budget there.

When I went there and did a short analysis, I found that Pune is not all expensive. With a cost of 500 per square foot, I did not need a second invitation and immediately bought over the bungalow. I knew that this rate could go up to 2000 per square foot the next time I come to Pune. Parvez Chauhan, the author of the article speaks extensively on the real estate scenario in Mumbai and Delhi."
Parvez Chauhan
Nahan, Himachal Pradesh, India

Specialized in: Real Estate India - Buy House In Delhi - Sell Apartment In Mumbai - Rent Property In Gurgaon - Lease Office Space In Bangalore - Buy Plot In Hyderabad - Property In Pune - Properties In Chennai - Commercial Residential Property In Kolkata - Indian Real Estate Agents
URL: http://www.pinjra.com
Print press release      Bookmark this page
Related Press releases 
Paradise Pools and Spas New Jersey launches a beautiful new website. (Popularity: ): Brick Township, New Jersey (abc-directory) July 1, 2019 - Paradise Pools and Spas New Jersey is proud to announce the launch of a new company website. "My team and I have a passion for designing and building beautiful backyard swimming pools that meet the expectations our customers demand," according to Stephen Mikulak, the company's President.The new website, which is mobile responsive, provides detailed information on the company's full line of ...
Bobs Pet Shop Inc In Furlong, PA 18925 Offers Quality Puppy Training And Obedience Classes (Popularity: ): Newtown PA, 16-JUNE-2019 - Bobs Pet Stop Inc and certified dog trainer, Bob Staples, are pleased to announce that the company provides a quality trainer to improve behavior in puppies and adult dogs as well. It is important for training to begin early in order to gain the best results. Pets need guidance in order to understand what is expected of them. The Bucks County PA Dog Obedience training professional ...
Future Electronics Hosts Grand Opening of New Office in Shenzhen, China (Popularity: ): Montreal, Quebec ( press.abc-directory.com ) February 11, 2019 - Future Electronics, a global leading distributor of electronic components, recently moved their Shenzhen office to a new location in Futian District. Many industry partners and members of the media gathered at the new location on December 18 for the grand opening ceremonies.The new Shenzhen offices integrate the former Nanshan office and FAI Luohu office, as well as the Advanced Engineering Group ...
Future Electronics Has Latest RSL10 BLE Wireless SIP from ON Semiconductor (Popularity: ): Montreal, Canada (press.abc-directory) January 25, 2019 - Future Electronics, a global leading distributor of electronic components, is pleased to offer their customers the latest RSL10 Bluetooth SIP from ON Semiconductor.The RSL10 SIP is a complete Bluetooth® Low Energy wireless system-in-package including a 2.4GHz radio transceiver, antenna and passive components. This is the easiest way to implement the industry's lowest-power Bluetooth 5 Low Energy technology in wireless communication applications.About Future ElectronicsFuture ...
Maryland HVAC Contractors Discuss Oil and Gas Furnace Installation (Popularity: ): Gaithersburg, Maryland ( press.abc-directory.com ) January 22, 2019 - The Maryland HVAC contractors at Presidential Heating & Air released a blog educating readers on the differences between oil and gas furnaces. As winter approaches, a proper furnace installation or repair is important to ensure a comfortable season in your home.Oil furnaces are a popular choice for many homeowners. In these systems, a blower sprays pressurized oil into a combustion chamber, ...

Press release home snapshot 

Related Business 
Real Estate Broker In Pune (Popularity: ): B-QUICK REALTY - One of the pioneer real estate broker in Pune, we cater to the requirements of not only property buyers but also of those who want to sell and rent property in pune these services can be avail at very pocket friendly prices.
Farm Land For Sale In Pune (Popularity: ): New Horizon - Provides solution to those clients who are looking for farm land in Pune. with having a large number of property listing related to residential, plots, farm property, farm houses which helps the buyer to find a property that meets his needs in the best manner.
Residential Projects in Pune | Flats in Pune | Welworth Realty (Popularity: ): Looking for Property, Flats in Pune ?Welworth Realty is top real estate developers company in Pune ,offering top quality residential and commercial properties, Projects 2&3 bhk luxurious flats apartments in Pune.
Hotels in Pune, Restaurants in Pune, Party Hall Pune (Popularity: ): Post 91 is the best restaurants , hotels located at koregaon park and baner pune, veg non veg lunch in pune, buffet lunch, thai restaurants in pune, banquet halls in pune, multi cuisine restaurants in pune
Pune's Residential Rental (Popularity: ): Pune's residential rental portal provides residential rental properties, Pune real estate, properties on rent, villas on rent, bungalows for rent, Pune flats on rent, renting property. Browse Pune's rental properties without brokerage.
Pune First (Popularity: ): Pune First is a one of kind website that brings together a host of information that you might be looking for. It is browser-friendly and very easy to navigate. If you are a resident of Pune, thinking of moving to Pune for education, work or just a time off or if you have friends and family in Pune, be sure to browse and share this link because this is the ...
Pune Real Estate Properties (Popularity: ): Classic Real Estate - One of the paramount property management services providing company, offering a wide range of property management like buying property, selling property, renting property, property management, residential houses, commercial shops etc.
Sunshine Holiday Packages Pune (Popularity: ): Sunshine Holiday Packages from pune, we are Best tours and travels in pune, we provide Tour Pune, pune holiday packages, honeymoon packages pune, kerala tourist packages, kerala tour packages from pune, kerala packages from pune, kashmir tours from pune, rajasthan tour packages from pune, ooty packages from pune, shimla tour packages from pune. We offer a host of travel services designed to make business and leisure travel easier. Based in ...
Hotel Sapna Pune (Popularity: ): Hotel Sapna Pune, one of the best hotels in Pune provides business rooms for business and family travelers near J.M Road. Being one of the main centrally located and low cost budget hotels of Pune has been the USP of Hotel Sapna Pune. Situated in the heart of Pune, also known as the Peshwai City, on the arterial Jangli Maharaj Road, as it is known, is Pune's Commercial Hub, akin ...
Movers Packers Pune (Popularity: ): Pune Packers Movers is leading Packing Moving Service provider in Pune, Household Shifting Services Pune, Relocation Services Pune, Transportation & Office Shifting Services in Pune, Packers and Movers of Pune.