Summary For Erandwane
Location Summary: Erandwane
Erandwane is a prime location in Pune, Maharashtra, known for its excellent connectivity and commercial hub. The area is well-connected through various modes of transportation and has numerous restaurants, schools, hospitals, and shopping centers. Here is a brief summary of Erandwane's real estate market:
Rental Rate: The current rental rate in Erandwane is around ₹ 17 per sq. ft. This rate is competitive as compared to other prime locations in Pune.
Sales Transactions: The area has witnessed a total of 179 sales transactions in the last few years. This indicates the high demand for residential properties in Erandwane.
Gross Sales Value: The gross sales value of properties in Erandwane is around ₹ 259 crores. This figure showcases the lucrative nature of the real estate market in this area.
Current Rate/Sq.ft: The current rate per sq. ft in Erandwane is ₹ 21,202. This rate is relatively higher than other neighboring areas, indicating the premium value attached to properties in this location.
Overall, Erandwane is a promising location for real estate investors and homebuyers. The area's high connectivity, commercial infrastructure, and premium value make it a desirable location for residential and commercial investments.
Top Selling Projects for Erandwane
If you're on the lookout for the top projects in Pune, look no further than Erandwane. This bustling locality has some of the most sought-after properties in the city, and we've compiled a list of the top-selling projects by value that you should definitely consider.
At the top of our list is Venkatesh Erandwane Central, which has a whopping sale rent value of ₹95 Cr. This project has seen a growth of ₹17, making its current rate ₹25,085. If you're looking for luxury and convenience, this is the project for you.
Next up is Park Side, which has a sale rent value of ₹28 Cr. This project has a current rate of ₹22,100 and boasts some of the most modern amenities in the city. If you're looking for a project that combines functionality and style, this is it.
Fortune Parisar Building is another top project in Erandwane, with a sale rent value of ₹13 Cr. This project has a current rate of ₹19,920 and is perfect for those seeking a peaceful and serene living environment.
Pandit Nawal and Gangawas CHS are also among the top projects in Erandwane, with sale rent values of ₹12 Cr and ₹10 Cr respectively. These projects have current rates of ₹24,371 and ₹16,038 respectively, and are perfect for those seeking a balance between luxury and affordability.
Swojas Nakshatra Apartment and Fortune Smita Apartment are two other top projects in Erandwane, with sale rent values of ₹10 Cr and ₹8 Cr respectively. These projects have current rates of ₹20,770 and ₹19,265 respectively, and are perfect for those seeking a modern and stylish living environment.
Gokhale Zelam, Swojas Prashant, and PSCL Swapna Samrat are also among the top projects in Erandwane, with sale rent values ranging from ₹7 Cr to ₹8 Cr. These projects have current rates ranging from ₹18,533 to ₹22,699, making them all great options for those seeking a mix of luxury and affordability.
Overall, Erandwane is a great location for anyone seeking top-quality projects in Pune. Whether you're looking for luxury, convenience, or affordability, there's something for everyone in this bustling locality.
Price Trend For Erandwane
The Erandwane area is showing a stable sales trend in the real estate market. The average rate per square foot for properties in this area has remained consistent over the past few quarters. In Q1'22, the average rate per square foot was 20,699, which increased slightly to 20,934 in Q2'22. However, it decreased to 20,592 in Q3'22 and further to 20,162 in Q4'22. The trend seems to be moving upwards again with an average rate of 21,243 in Q1'23.
In terms of the number of transactions, the market has seen a fluctuation in the past two quarters. In Q1'22, the number of transactions was 65, which decreased to 40 in Q2'22. The trend continued downwards in Q3'22 with only 24 transactions. However, in Q4'22, the number of transactions increased slightly to 23. The trend seems to be moving upwards again with 54 transactions in Q1'23.
Overall, the Erandwane area is showing a steady sales trend. The fluctuations in the number of transactions may be due to external factors such as the pandemic or market conditions. However, the stable average rate per square foot indicates that the area is a good investment for those looking for long-term gains.
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