Home Add to Favorite Contact Submit  
           27 February, 2020


    
Category:  Press » Business

 

Is property in Pune hot?

Popularity:
         Views: 1740
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
http://www.pinjra.com
support@pinjra.com

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 
Loopys Launches New Addition To Their Super Light Turkish Towel Collection (Popularity: ): Belrose, NSW (abc-directory.com) January 22, 2020 - Loopys has added new designs to their popular Super Light collection of premium Turkish towels. There are several more designs on the pipeline and will be added shortly. To celebrate this, the company has announced a discount on its complete range of products.About The Super Light CollectionThis collection includes white-striped Turkish towels that are very light and thin enough to dry quickly. Their ...
Northern VA Window Film Company Explains Commercial Window Film Benefits (Popularity: ): Manassas, Virginia (press.abc-directory) December 14, 2019 - Atlantic Sun, a Northern VA window film company, recently published a blog explaining the benefits of commercial window film. This type of film can help make your business or office more comfortable for visitors and employees alike, improving the atmosphere and helping you save money in the process.Commercial window tinting is a type of window film that can regulate temperatures, provide privacy, and ...
Fairfax Roofing Company Explains Why To Avoid DIY Metal Roof Installation (Popularity: ): Chantilly, Virginia ( press.abc-directory.com ) December 3, 2019 - Beyond Exteriors, a Fairfax roofing company, recently released an article explaining why individuals should avoid DIY metal roof installation and seek help from a professional roofing contractor. DIY metal roof installation can be a dangerous undertaking, so it's best to consult a local contractor.Metal roofs are made from metal pieces or tiles instead of traditional roofing materials. They are highly resistant ...
Fairfax Roofing Company Creates Fall Roof Maintenance Checklist (Popularity: ): Chantilly, Virginia ( press.abc-directory.com ) October 18, 2019 - The Fairfax roof repair contractors at Beyond Exteriors, just released a guide listing a Fall roof maintenance checklist. With the leaves falling and the wind blowing, it is important to check your roof for any damage.With the new season coming in, you will want to go up to your roof and look out for any problems. If they are neglected, the ...
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 ...

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.