Baner A Great Place To Buy Property In Pune

From classic forts and battlefields, to soaring real estate and IT establishments

, the city of Peshwas, Pune, has come a long way. It has now become among the top Tier II cities in India, thanks to the fast paced urbanization and infrastructural development. An enterprising cousin of the Mumbai, it is the next big thing when it comes to commercial properties and residential housing investments.

Whether it is residents of the country or international citizens, everyone wants to buy a property in Pune. And this demand is expected to rise as the years pass by. Prime locations like Koregaon Park, Hinjewadi, Talegaon, and others are already full with high profile complex and buildings. Along with that, you may find quality housing at Wagholi, Kharadi, Undri NIBM, Kondhwa and Dhanori. But, the upcoming area for real estate in Pune is Baner. This article will talk about the potential of Baner for residential and commercial property investment.

Located just off the Katraj-Dehu Road Bypass, Baner, a small suburb of Pune offers excellent connectivity to most part of the city and the national highway four. It is located 20 kilometres from Pune airport and 10 kilometres from railway station. As Balewadi came into limelight during the Commonwealth Youth Games held in 2008, the closely situated Baner also got considerable share of popularity. Additionally, the commercial properties that were close to this area like Hinjewadi IT Park led the demand for quality housing in this place.

Just like Properties in Delhi, this place has seen a steady growth and the property rates have increased up to 20 percent, annually. The costing here has increased from 5,100 per square feet to a price of 6,000 per square feet, and experts believe this is just the beginning. With more and more development of SEZ and IT Parks, nearby residential complexes and micro markets are on a rise.

Similar to the demand seen for small flats in Nagpur, one bedroom-hall-kitchen flats are sold the most in this space. The IT executives and expatriates coming to this city to work near Hinjewadi usually looking for comfortable and affordable housing that has all the facilities, thus, Baner apartments are ideal for them. Additionally, even for investment purposes this is a great idea, as most migrants to this city are looking for a rented space closer to their work space.

by: Lucy liu

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