Business & Finance Home Based Business

Luxury and Affordable Accommodations in Pune

If you want to live a plush life in a beautiful villa in Pune but are hesitant because of the rental rate of such housing accommodations, then you should look for a villa in areas such as Wagholi, Baner and Kalyani Nagar. You can get your dream villa for as low as Rs 10,000 in a month! Moreover, these villas are very spacious and their layouts are usually 3BHK, 4BHK and 5BHK.

Baner

Baner is located almost 10kms to the east in Pune and has areas like Aundh Pashan, Wakad, Pune University, Balewadi, Pimple Saudagar and Hinjewadi near it. The area enjoys connectivity with roads such as Baner Road and Pune-Mumbai Bypass Road. Baner is one of the well developed areas of Pune and has a large number of villas and 2BHK flat for rent in Pune. There is ample supply of 3BHK and 4BHK villas in Baner which is up for rent. For a 3BHK villa which covers an area of 2000 to 2500 square feet you will have to pay a rent of anything between Rs 25,000 to Rs 40,000 in a month.

For a 4BHK villa you would have to pay anything between Rs 40000 to Rs 80000 in a month. The size of such units varies between 2500 and 3500 sq. ft. Professionals and families working in the IT firms of the city who are on limited budget rent out these spacious homes. Baner is located very close to IT parks and manufacturing companies in Hinjewadi. There are several ITeS and IT parks, KPOs and BPOs located near Baner. Locals and migrated people work in these parks and hence they rent properties here.

Wagholi

Another area that offers these plush villas is Wagholi. To rent a villa of 3BHK style, covering 2500 to 3500 sq. ft., you would have to pay a rent of Rs 10,000 to Rs 20,000 in a month. Some villas of 4BHK and 5BHK styles are also up for rent. Wagholi is located almost 16kms to the eastern side of Pune and derives its demand for rental properties from professionals who work in the IT companies of Kharadi. The area is connected through the 6-lane Pune-Nagar road to Kharadi. The connectivity from Wagholi is being bettered. There are numerous flyovers and connecting roads being made by the highway. These ancillary roads are supposed to lower the travelling time from Kharadi to Wagholi and other areas of the city. You can also get 1BHK for rent in Pune in Wagholi.

Kalyani Nagar

When it comes to renting a villa, Kalyani Nagar is quite expensive. For renting a 3BHK or 4BHK villa, you would have to shell out around Rs 40,000 to Rs 90,000. The carpet area of the villas is between 2000 and 3500 sq. ft. In terms of social infrastructure, Kalyani Nagar is quite developed as it has 5-star hotels, retail outlets, restaurants, shopping malls, apart from commercial establishments. Because of the civic and social infrastructure available, Kalyani Nagar is one of the most posh areas of the city. Usually people who want to live here but cannot afford their own housing look for 2BHK flat for rent in Pune Kalyani Nagar. The distance between the Pune Railway Station and Kalyani Nagar is around 5kms. Kalyani Nagar is also located at the same distance from Pune International Airport. The Samrat Ashok Road, Sasoon Road and Deccan College Road connect the area with the other parts of the city.

These villas have amenities such as air conditioning, car parking, storage and purification facilities for water, intercoms, power backup, security, swimming pool, wi-fi, vastu compliance, private garden, DTH television, bars and lounges, banquet gall, conference room and food courts.

Affordable Housing in Pune

Dhanori is located in the north eastern side of Pune and is considered as one of the best areas to stay in. Some of the factors which are propelling the growth of Dhanori are numerous under construction and ready to possess apartments which are available in the range of Rs 20 lakhs to Rs 80 lakhs. The area is close to well-developed regions and the airport. There are several land parcels available for developers to construct properties on and there are good returns on the property from investors.

Strategic Location

Some of the premium locations that are close to Dhanori are Kalyani Nagar and Viman Nagar. Per square feet property rate in Dhanori is around Rs 4400 and Rs 5500 per square feet. Plush locations including Koregaon Park are only 10kms away from Dhanori. Being in the vicinity of these areas along with developed physical and social infrastructure and affordability make Dhanori sought after. Mostly mid-level IT employees and families live here because it is close to work and affordable. Dhanori is close to several industries located in Yerwada, Kharadi and Vishrantwadi. Dhanori is very close to the Pune Railway Station and International airport. The distance between then is around 9kms and 3kms respectively. Therefore, frequent travellers and immigrants prefer to stay here more.

Different Property Options

The cost of a 1BHK apartment with carpet area of 500 to 700 sq. ft. is around Rs 20 lakhs. For a 2BHK apartment of size 800 to 1100 sq. ft., you might have to pay up to Rs 60 lakhs. For 3BHK units measuring anything between 1200 and 1400 sq. ft., you would have to pay up to Rs 70 lakhs. The area has upper middle class people living too. Both under construction and ready to possess properties are available here. Developers mostly begin projects here because of the ready availability of land parcels.

From the perspective of investments

In the past 2 years, the capital value of properties in Dhanori has gone up by 23 percent almost. An apartment which was valued at Rs 3,800 per sq. ft. in the year 2012 will fetch Rs 4,700 per square feet in 2014. Therefore, if you had bought an apartment for Rs 38 lakhs 2 years ago, then you would have to pay Rs 47 lakhs. Also, with the availability of land parcels and scope for good returns, the area is prepared to make a mark in Pune realty development.

Leave a reply