Whether you are looking for a lucrative investment opportunity or simply a home to purchase, you must sure that the area you intend to buy a property in is eligible. Put simply, you wouldn’t want to settle in an area that lacks everything essential, let alone a place that lacks schools, hospitals and shops.
The impact of IT on the state of Maharashtra is far and wide. The region has seen a constant influx of IT professionals, with the Hinjewadi IT hub leading the charge and employing over 250,000 professionals. Real estate investments in the greater Maharashtra area are nothing short of goldmines due to the CAGR with which the area is growing, around fourteen percent each year.
There are several suburbs in the vicinity of Hingejewadi which have been on the rise due to the booming IT sector and the influx of professionals and workers in the area. These include Wakad, Punawale, Ravet, Kiwale, and Baner. In this list, Punawale has emerged as a major contention. So, why are the new flats in Punawale getting increasingly popular among homebuyers and sales investors? Well, to help answer that question, we will be taking an in-depth look at the investment potential in Punawale, alongside a hidden real estate gem – “Dream Location Pune”.
It Creates Ease of Access with a Short Commute Time
Punawale is merely a ten-minute drive from the famed hinhgwejati IT Park, perfect for IT professionals looking to elude long ideal for professionals looking to avoid long commutes and spend more time with their families.
Positive Track Record and High Return on Investment
It will please anyone searching for new flats in the area that this location has already had time to prove its potential as an area suitable for investments. This micro market close to Hinjewadi has transformed itself from a passive suburb into one of the most sought after residential zones. It is for this reason that the prices of residential properties in Punawale currently stand between Rs. 4800 to Rs. 6700 per sq. ft.
If by any chance you are looking for new flats in Punawale for renting purposes, then average rent per sq. ft. here varies from Rs. 13 to Rs. 20.Speaking of interesting figures: approximately 49% of the properties in this area fall into the price bracket of Rs. 40-60 Lacs. The majority of the 98% properties in punawalay are multi-storeyed apartments of which the most dominantly found are 2BHK properties accounting for a remarkable 64% of the total properties in the market. Research has indicated that the average rent in the area has gone up by around 13% since October 2021 while the average selling price has gone up by 5%【Magicbricks】.
Perfect Attachments
New flats in Punawale offer perfect attach with the city’s leading centers by virtue of its great road network and accessibility. Its closeness to the Aundh-Ravet BRTS Road,Dream Location Railway Station and Pune Mumbai Highway aids in the seamless travel experience for the inhabitants of Punawale. With the further launch of Pune Metro, this seamless connectivity is set to get expanded even more. Besides, the upcoming Ring Road will link Hinjewadi, Wakad, Ravet and Punawale within the Pimpri Chinchwad region.
Nearby Shopping Malls and Cinema Halls
While purchasing new flats in Punawale, rest assured that you will have the utmost work-life balance. Your weekends will be more satisfying as the area is surrounded by a variety of vibrant shopping malls and related sites which include 18 Latitude Mall, Indramegh Shopping Centre, DMart as well as Elpro City Square Mall. Other than that, Punawale is adjacent to entertainment centers including InoxDream Location and PVR Hinjewadi and so on so that you will never have shortage of places for fun and relaxation.
Provide Your Offspring With a Secure Tomorrow
Wakad is famous as an education hub. And this hub is covered by the vicinity of Punawale. Thus, providing you and your children with several educational facilities ensuring easy access without the need for long distances ensuring that the children provide them with a strong education system. This in turn ensures a bright future for children.
Global Lifestyle
With residents from all over the country residing in Punawale, it has evolved into a global area. The area also has top tier localities like Hinjewadi, Aundh, Wakad and Baner making it even better. Ensuring a lavish lifestyle for the residents.
A Look Into Westview Reserve
If you are seeking new flats in punawale, Westview Reserve is a good option that you should check. This was developed by Dream Consultant This is a boutique space For developers named Naturements which has already sheltered more than 950 families. One of the most exciting aspects of Westview Reserve is the nature-influenced amenities that integrate natural features into your daily activities.
For more information about Dream Location and to search your dream property, please visit Dream Location on Google Map. Contact us today to know more about the best real estate deals in Delhi and North India; we will connect you to the right property investment.