Pune, the second largest city of Maharashtra, has not gone unscathed from the economic crisis that India is facing currently. The Pune property rates in certain localities have appreciated this year, though at several others, the Pune property prices have make a slide downwards. Regardless of all this, the city manages to keep a high head as far as the demand for residential properties Pune is concerned. But still, it is the price factor that matters most to an end-user. We are going to brief about the rates that are prevalent in different localities of this city. Here, our focus shall be solely on the prices of 2 BHKs, and you will notice that the range is almost the same in different areas.
Consider Pune real estate prices in Wakad, one of the highly developed localities of the city and popular for the proliferation of IT industries. A 900 sq. ft., two-room flat can be available at around 20 lacs. The per square feet rate varies from an apartment to apartment: it depends on the exact location of the property. The highest rate that one can expect here is around 85 lacs, for a flat with same area. Localities like Vishrantwadi, Talegaon, Pimple Saudagar, Handewadi, Phursungi, Katraj, and Kondwa, the range varies between 20 lac and 80 lacs.
But prices do not necessarily run in lacs only; Property Pune prices in several localities, for a two-room apartment runs in crores or a few lacs less. Take Kalyani Nagar, for example. It stands among a few costliest residential areas that the city offers to its buyers. A stronghold of the corporate sector and backing by good infrastructure are the prime reasons behind the hefty rates at Kalyani Nagar. Starting from about 60 lacs, a 2 BHK apartment can cost as high as a whopping 6 crores! The other pricey localities include Undri, Viman Nagar, Dhanori, Koregaon Park, Hinjewadi, Kothrud, Wadgaon Sheri, Alandi, NIBM Road. The other like Wagholi, Baner, Hadapsar too are on the higher side of the price, though they have options for budget properties too.
On the lower side, the budget properties Pune can be explored in and around Dehu Road and BT Karve Road. Shikrapur is one of the localities where you will find low-cost apartments: the approximate range here is 15-20 lacs. Narhe is a good option for middle-class buyers; here they can find two-room flats in the range 20-60 lacs.