Price Trend For Punawale
Location Sales Trend: Punawale
Punawale is a popular residential location in Pune, Maharashtra. It is known for its serene surroundings, excellent connectivity, and proximity to IT hubs like Hinjewadi and Baner. If you are planning to buy or invest in a property in Punawale, it is essential to keep an eye on the price trends. Here’s a quick overview of the location sales trend in Punawale:
Average Rate/Sq.Ft:
The average rate per square foot is an essential metric to determine the property's value. In Punawale, the average rate/sq.ft for the first quarter of 2022 was Rs 8398. It remained stable at Rs 8309 in the second quarter of 2022 and increased to Rs 8468 in the third quarter of 2022. The fourth quarter of 2022 saw a slight rise in the average rate/sq.ft, reaching Rs 8593. The first quarter of 2023 witnessed a significant increase in the average rate/sq.ft, soaring to Rs 9687. This indicates that the property prices in Punawale are on the rise.
No of Transactions:
The number of transactions is another critical metric that shows the demand for properties in a particular location. In Punawale, the number of transactions was 38 in the first quarter of 2022, which decreased to 20 in the second quarter of 2022. However, the third quarter of 2022 saw a significant rise in the number of transactions, reaching 189. The fourth quarter of 2022 witnessed a minor dip, with 147 transactions. The first quarter of 2023 saw a slight increase in the number of transactions, reaching 204. This indicates that there is a healthy demand for properties in Punawale, and it is a good time to invest in this location.
In conclusion, the sales trend in Punawale indicates that the property prices are on the rise, and the demand for properties is healthy. If you are planning to buy or invest in a property in Punawale, it is advisable to act fast before the prices increase further.
Top Selling Projects for Punawale
Pune's real estate market is booming, and Punawale is quickly becoming one of the hottest areas for property investment. Here are the top selling projects by value in Punawale!
1. Rahul Downtown: This luxurious project boasts a sale value of ₹160 Cr. and a current rate of ₹8,913. With its prime location and top-notch amenities, it's no wonder why this project is in such high demand.
2. Tulip Infinity Avana: Coming in at a close second is Tulip Infinity Avana, with a sale value of ₹109 Cr. and a current rate of ₹10,148. This project offers spacious apartments and a range of facilities, including a swimming pool, clubhouse, and more.
3. Tulip Infinity World: Also part of the Tulip Infinity family, this project has a sale value of ₹38 Cr. and a current rate of ₹9,482. With its modern design and convenient location, it's a great option for those looking for a stylish and comfortable home.
4. Kanakia Sirocco Grande: This project has seen a recent increase in value, with a current rate of ₹8,999 and a sale value of ₹8 Cr. Its prime location and luxurious amenities make it a popular choice for those looking for a high-end home.
5. Regal Lake Town: Despite a slight decrease in value, this project still boasts a sale value of ₹4 Cr. and a current rate of ₹7,513. With its serene surroundings and tranquil atmosphere, it's a great option for those seeking a peaceful retreat.
6. Wadhwani Sai Paradise: This project has maintained its value over time, with a current rate of ₹9,104 and a sale value of ₹3 Cr. Its spacious apartments and well-maintained facilities make it a top choice for families and working professionals.
7. Sai Raj Heights: With a current rate of ₹8,333 and a sale value of ₹2 Cr., this project offers affordable yet comfortable living options. Its prime location and modern amenities make it a great investment for those looking to stay within budget.
8. Dhruva: Despite a recent decrease in value, this project still offers great value for money, with a current rate of ₹8,250 and a sale value of ₹2 Cr. Its convenient location and range of facilities make it a popular choice for first-time homebuyers.
9. Tulip Infinity Tower: With a current rate and sale value that are not yet available, this project is still highly anticipated. Its prime location and luxurious facilities are sure to make it a top contender in Punawale's real estate market.
10. GT Mangal Dhara: This project also has a current rate and sale value that are not yet available. However, its prime location and range of amenities make it a promising investment option for anyone looking for a new home in Punawale.
Summary For Punawale
Location Summary: Punawale
Punawale is a growing residential area located on the outskirts of Pune, Maharashtra. It is situated in close proximity to the Mumbai-Pune Expressway and the Hinjewadi IT Park, making it a popular location for professionals working in the IT industry.
Rental Rate:
The current rental rate in Punawale is ₹21 per square foot.
Sales Transactions:
The number of sales transactions in Punawale is 595, indicating a healthy real estate market in the area.
Gross Sales Value:
The gross sales value in Punawale is ₹349 crore, indicating a significant amount of investment in the area.
Current Rate/Sq.ft:
The current rate per square foot in Punawale is ₹9,669, which is slightly higher than the average rate in Pune.
Overall, Punawale is a promising location for real estate investment, especially for those looking to invest in the growing IT industry in Pune.
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