by makaaniq
Luxury Homes and Villas in vogue in Pune
Localities like Wakad, Baner and Hinjewadi have seen a rise in luxury property demand from the high-end buyers. The demand for Luxury homes and villas has not been affected by the soaring property prices or high home loan interest rates. Demand is growing for Pune luxury residential properties like bungalows, villas, apartments and duplexes. The developers are quick to cash in on this phenomenon and are offering housing that offers spacious rooms, sophisticated layouts, better space utilization, great interiors and features.
According to Makaan.com Price Trends, a tool that keeps a tab on the property price variation, average per square feet Pune property rates has seen an appreciation of 19.32% in the last year. Property prices have moved from Rs.3,963/- psf in May ’11 to Rs.4,671/- psf in May ’12. The average per square feet rate in Wakad, Baner and Hinjewadi are Rs. 3500/- to Rs. 4200/-; Rs. 4000/- to Rs.4300/-; Rs. 5500/- to Rs.6000/- and Rs. 3500/- to Rs.4500/- respectively.
Watch out this space for more research and analysis regarding Pune city real estate.