Property Prices in Pune

Property Prices in Pune

Pune, the second-largest city in Maharashtra after Mumbai, is an important city in terms of economic development. In recent years, Pune has emerged as a new startup hub, with IT, engineering, and automotive companies sprouting.

Factors Responsible For Varying Property Rates in Pune

The property prices in Pune cater to people of all socio-economic backgrounds.

1. A real estate hotspot, Pune is one of the few cities that keeps garnering home buyers' attention.

As a result, Pune’s real estate prices are significantly increasing as compared to other cities in Maharashtra, and it has every reason to be so.

2. In the past few years, owing to its top-notch amenities, property prices in Pune have increased significantly, which has nudged more buyers to take an interest in Pune’s real estate market.

3. Property rates in Pune also vary depending on several other factors like infrastructure, connectivity, demand, and supply of new housing units.

Property Charges in Pune

The local municipal corporation governs Pune’s real estate. Anyone who owns a property in Pune needs to get their property registered with the local municipal corporation. The municipal corporation then levies stamp duty and a registration fee on the property and charges property tax from the owner.

This is an important step to prove your ownership of a property in Pune legally. Any failure to have your property stamped or registered in Pune can result in a penalty fee.

Property prices in Pune or, in fact, anywhere else are affected by a variety of factors, including their location (closeness to amenities like schools, markets, and connectivity), neighbourhood, and the age of a building.

Another standard cost linked with flat prices in Pune is the maintenance fees. The developer charges this fee to regularly upkeep the common areas of a property.

In the past few years, Pune’s property market not only saw a massive jump in housing demand but also climbed the priority list of buyers, resulting in a surge in Pune's real estate prices.

Homes in Pune: There’s Room For Everyone!

A property in Pune could be for sale by the owner, like a house on an independent plot of land or selling a residential unit in a developer project.

But mostly, builders in Pune, generally list their whole project for sale and then sell out individual units from the project. Pune mainly consists of properties like independent houses, apartments, and builder floors. These can be found in townships, multi-unit apartment buildings, or standalone plots.

These developers have various affordable projects that offer a range of low-budget flats in Pune. Furthermore, the builders also have a list of projects that promise buyers luxurious flats in Pune priced reasonably. These properties in Pune furnish buyers with space, convenience, and dynamic modern homes.

These housing options are often bifurcated as per the number of rooms suitable for singles, couples, or families of 5-6 members. This was done to cater to the socio-economically diverse population of the city.

1 BHK Flats:

A 1 BHK has a separate living space, kitchen, bathroom, and bedroom. Pune's 1 BHK flat price ranges from moderate to high, depending on the apartment's location.

2 BHK Flats:

2 BHK includes 2 Bedrooms, Hall, and Kitchen. 2 BHK flats in Pune are more spacious and offer bigger rooms. Pune’s 2 BHK’s are priced higher than 1 BHK apartment.

3 BHK Flats:

3 BHK is a property with three bedrooms, a hall, and a kitchen. Pune’s 3 BHK flat prices vary as per their availability in the market at a reasonable range and have added amenities and luxuries.

With Clicbrics, explore a list of housing options that fit every family, check their estimated property prices in Pune and make an informed home-buying decision.