Which is developing area in Pune?

Which is developing area in Pune?

Talegaon (better known as developing satellite city and a central industrial area, 21 km from Moshi), and Bhosari (known as cultural and sports centre) are within shorthand distance, thanks to the amazing infrastructure available in the area. Hinjewadi and Wakad are also less than 20 minutes away.

Which is the best location to buy house in Pune?

Best Areas to Invest in Real Estate in Pune 2021

1. Kalyani Nagar.
2. Pimpri Chinchwad.
3. Karve Road / Erandwane.
4. Koregaon Park.
5. Boat Club Road.

What is current FSI Pune?

FSI in Pune is the maximum permissible area allowed by the Municipal Corporation for development. Based on the guidelines set by the government, these parameters keep changing from time to time. The current floor space index in Pune is set at 1.10. It is the same as the floor space index for redevelopment in Pune.

Where should I buy land in Pune?

So, if you are planning to buy a piece of land or plot in Pune, find out about the upcoming plot corridors in Pune.

• Pune-Mumbai IT Corridor.
• Pune Airport Corridor.
• IT Industrial Corridor.
• Nagar Road IT Corridor.
• Solapur Industrial Corridor.
• Shirwal Industrial Corridor.

Which is the best area of Pune?

Let’s go through a list of Best areas in Pune to live a comfortable life:

• Koregaon Park. Koregaon Park is one of the most elite and prestigious areas in Pune.
• Kothrud.
• Viman Nagar.
• Wadgaon Sheri.
• Kharadi.
• Hinjewadi.
• Hadapsar.
• Karve Nagar.

How many floors are allowed in Pune?

Construction illegal, permission only for 12 floors, says Pune Municipal Corporation.

Is it good time to buy flat in Pune 2021?

In 2021, the average rate of property in Pune currently stands at Rs 5,083 per sq ft, after recording a 3% annual appreciation in the July quarter of calendar year 2021. The average rental rate in the city is Rs 19,880 per month, as per listings on Housing.com.

Is it worth buying land in Pune?

Now speaking about Pune, the real estate sector has been growing at an amazing rate. The property rates are affordable and the demand for property investment is high. Unlike Mumbai, Bangalore and Delhi, you still can find a decent property not very far from the city for an affordable price.

Who is the richest man in Pune?

Is covering balcony illegal in Pune?

1. IRRESPECTIVE of the “society bye-laws or society approval”, it would be “illegal” to construct anything on the open terrace /balcony, of any kind. The Society has no legal jurisdiction to permit /approve enclosure of the open terrace /balcony, or to levy Penalty /Fine on the same.

Which is highest building in Pune?

Gateway Towers 1
Apart from being marvelled by Swarovski, Gateway Towers 1 is also the first building in the city to have 45 stories, making it the tallest structure in Pune.

Is balcony part of the FSI?

Exterior spaces, balconies, patios, parking, walkways and driveways that are covered, attics and outdoor sports courts, are not included in the gross floor area.

Is Terrace included in FSI?

(iv) open platforms and terraces at ground floor and porches shall not be included in the floor area.

Will property prices fall in Pune in 2022?

2022 predictions With Rs 850 per square feet average housing price drop registered during 2017-2021, marking a 17% downward correction to Rs 4,010 per square feet, buyers in Pune have good reason to cheer.

Will property prices increase in Pune in 2022?

Housing demand rises in east and west Pune during Jan-Mar 2022: Report. The home buying sentiment saw a considerable improvement starting in January 2022. By the end of the quarter in March 2022, the market witnessed an addition of 800-1,200 new inventories in the ₹40-80 lakh budget segment.

How will Pune’s new development control regulations affect small developments?

The Pune Municipal Corporation recently sanctioned the new development control regulations (DCR), which allows for higher floor space index (FSI) in certain categories, in non-congested areas. Small developments are likely to benefit more from this higher FSI.

What is the net area required for housing in old Pune?

Considering the population growth in the next decade, the net area required for housing in old Pune is 3515.4 hectares. According to the development plan for the old city, the gross residential area required to cater to the future housing demand is 4745.79 hectares.

What is the future of Pune’s Micro Markets?

Hinjewadi and Kharadi have a large concentration of IT establishments and are also one of the primary residential catchments in Pune. These micro-markets are likely to expand further, with augmented urban development aided by the rise in FSI.

Why should you invest in outlying areas of Pune for home ownership?

Since the burgeoning middle-class section in Pune cannot really afford an apartment in the city, as the prices have gone really high, they are looking at outlying areas of Pune to own a home. Besides, these areas boast of attractively priced real estate and also offer relatively well-planned and a clean and green environment.