Understanding real estate market trends is crucial for both homebuyers and investors. This analysis, powered by Propviewz data, highlights the top 10 locations in Pune based on their price per square foot (sqft rate) from June to November 2024. We delve into the performance of each area, examining the factors driving their popularity and providing valuable insights for informed decision-making.
Monthly Performance Overview
June 2024
Shivajinagar led with a rate of ₹49,436 per sqft, reflecting its prime location and established infrastructure. Other notable areas include Ravet (₹23,508), Moshi (₹26,393), and Aundh (₹30,579), showcasing a mix of established and developing localities. Wakad’s varying rates suggest diverse property options within the same area.
July 2024
July saw a shift with Mundhwa (₹26,496) and Dhanori (₹32,898) rising in prominence. The high rate for Rahatni (₹108,696) points to the presence of luxury properties. The comparatively lower rates in areas like Chinchwad and Wakad indicate more affordable options.
August 2024
August highlighted the increasing popularity of Kondhwa Budruk (₹47,982), Sus (₹94,610), and Baner (₹69,014). The significant rates in these areas likely reflect improved infrastructure and connectivity, attracting higher investment. Balewadi’s high rate (₹83,672) further exemplifies the strong demand for premium properties.
September 2024
September data suggests sustained growth in areas like Mahalunge (around ₹31,600) and Shivajinagar (₹31,126). The consistent presence of Baner and Bibwewadi shows their continuous appeal. Hadapsar’s high rate (₹73,415) could indicate new developments and increased demand.
October 2024
October’s data points towards sustained growth in Kharadi (with rates ranging from ₹25,548 to ₹88,124), showcasing a spectrum of pricing. Pimple Nilakh continues its strong performance. The relatively lower rates in Ravet and Wanowrie indicate a potential for affordability.
November 2024
In November, Kiwale (₹34,955) and Mamurdi (₹31,163) emerged as strong performers. The continued presence of Kharadi (₹50,194) and Baner (₹26,986) indicates their sustained popularity. The high rate in Dhayari (₹69,880) signals the area’s upward trend. Rahatni’s very high rate once again signifies high-end properties.
Key Takeaways & Future Forecasts
Areas like Baner, Wakad, and Kharadi consistently feature among the top performers, indicating sustained demand and growth potential. Emerging areas such as Mahalunge, Kiwale, and Mamurdi show promising upward trends. Factors contributing to growth include improved infrastructure, connectivity, and the development of new projects. Affordability remains a key driver in certain areas, ensuring sustained interest from buyers.
Conclusion
This analysis provides a valuable snapshot of Pune’s real estate market. While this information offers helpful insights, it’s essential to consult real estate professionals for personalized advice before making any property-related decisions. Stay tuned to Propviewz for future updates on Pune’s dynamic real estate landscape.