Residential Property In Pune Holds Better Value Appreciation
The city is growing very fast and if the growth rate continues to be the same, then it will be one of the top and most sought after home destinations in India. Pointing all the growth features and connectivity, many real estate experts have opined that it has become one of the best real estate investment destinations as well. However the main option of investment is the residential Apartments in Pune. Still it has to be noted that many businessmen have investment in commercial projects as well.
If there were no investors in the commercial sector, the sector would not have grown like this. This sector is growing all the more and it assures that there are many investors who invest in the commercial sector. There arent many commercial Properties For sale in Pune. The situation is not much different in the residential sector too. According to a recent report the vacant properties are increasing in Pune.
According to one of the top real estate consultants, the increase in the vacant properties is mainly due to the fact that the property prices variation. The buyers have failed to assess the property prices which the city witnessed. For instance if single bedroom Apartments in Pune were priced around 10 lakh, now the prices have gone up to 14 to 15 lakh. So the people who approach the property with a budget of Rs.10 lakh remain unable to find a property in that range.
This is the case with other sorts of Residential Property in Pune. The prices have gone far high and they are still rising. Property experts predict that the city will slowly lose the affordability which is considered as one of the best factors that attract the investors and home buyers. The value appreciation will be rising for the property in the city in the coming days.
Investors will be able to gain quick returns from their investment in any of the properties in the city. However they remain keen to invest in some of the properties which are yet to be launched. Though there are many old and resale Properties For sale in Pune, the investors and the home buyers are demanding for fresh properties. This boosts the real estate developers to come up with fresh residential and commercial projects.