Pune is the eighth largest metropolis in the country which is situated in the west of Maharashtra. The city is home to renowned and historical educational institutions, popular IT/ITes campuses and MNCs. Apart from this, the thriving real estate of the city makes it a dream investment destination for every person.
Due to the rapid growth of its industrial sector, Pune has become one of the prime hot spots for property investment in recent times. Talking about the luxury segment, Pune boasts a large number of such properties. So, if you are keen on investing in a higher priced property, then take a looks at expensive localities of Pune:
Senapati Bapat Road
With well-developed infrastructure and excellent amenities, Senapati Bapat Road is popular among luxury segment buyers. A lot of IT and BPO companies like Cross Country Infotech, BMC Software, Persistent Systems, MWH Global and Cognizant Technology Solutions have huge infrastructures on this road. This locality is a mix of 3-5 BHK apartments. While average property rate cost here around Rs 14,000 sq. ft, rental rates range from 25000 to 35000.
Boat club road
Located in Pune’s city center, Boat club road provides one of the most high end and luxurious residences. Numbers of projects are coming up in the region while some are awaited. The area is located close to railway station, airport, and Pune- Mumbai highway. One can easily find 3-5 BHK residences here. The average property price here cost above 3 crores. On the other hand, rental rates cost more than 50,000 per month.
Situated in the north-west of Pune, Aundh is an affluent suburb which has significantly developed in the residential hub in recent times due to its close proximity to the University of Pune and the Software Technology Parks of India complex at Hinjewadi. The residential real-estate prices in this area have seen a huge uptrend due to its connectivity to Mumbai-Pune expressway and Shivaji Nagar. One can buy a premium residence here at a cost of 1 crore onwards while Luxury residences price is around 3 crores onwards. Rental rates fall between 9000 to 32,000 per month.
Located in the south of Mula-Mutha River in Pune, this area is viewed as one of the most prestigious addresses in Pune. The area is primarily a residential area with lush greenery, but of late has been growing into a commercial marketplace too. It holds the record for the maximum number of bungalows in one place and most of its residents are among the wealthiest in the country, who wants to get away from the city life. The average property price here is 11,250 sq.ft. Rental rates fall between 20,000 to 55,000 per month.
Located in the east of Pune city, the area in today knows because of development of highly luxurious trump towers. Due to rapid development and improved accessibility to other areas, this area has gained popularity among the elite buyers. This area has proximity to both Pune railway station as well as Airport. The average property price here is 9,084 sq.ft. Rental rates fall here between 14,000 to 80,000 per month.