As a first time home buyer, you would likely have several questions and doubts about purchasing apartments in Pune. The real estate market in Pune is expanding in every direction imaginable. This of course, has led to unprecedented development in hitherto rural areas. And, this has give customers ample choice to live in the location that best suits their requirements.
Pune offers several different types of housing formats right from budget homes to studio apartments to luxurious flats in Pune to integrated townships. This article will help understand the benefits and suitability of each of these.
These are small no-frill flats that have a very cozy feel to them because of their size. The concept of studio apartments in Pune is fast catching up. It usually consists of a drawing-cum-dining space, a kitchen, a bedroom and bathroom. There may or may not be a balcony.
It can be a great place for students to stay. It is also a lucrative investment for young professionals who might not yet be married. However, studio apartments are not suited for more than two people. You could invest in studio apartments in Pune and rent them out, or live there yourself.
This category comprises the 1 BHK, 1.5 BHK and 2 BHK homes. Such homes are usually compact in size with amenities that are modern, but cannot be categorized as luxurious. Such homes are often most preferred by first-time home buyers who have saved enough to invest in a modest home, but don’t yet have the means to buy luxurious homes. Budget flats in Pune are present in almost every developing locality right from Kharadi to Kalyani Nagar to Manjri to Hinjewadi and beyond. Expect external amenities such as a garden, a play area, a club house, and round-the-clock security in such budget home projects.
Luxurious flats in Pune and independent row houses
As Punekars are getting more and more upwardly mobile, the demand for this housing segment is steadily growing. Earlier, the maximum demand was for budget homes. But now, there is a strong demand for luxurious flats that provide residents with a life that is well above average.
Luxurious flats would comprise 2BHK, 2.5BHK, 3BHK, or even 4BHK apartments. These projects are replete with a number of world class amenities such as exquisite landscaping, expensive fittings inside the home, sky gardens, swimming pools, multiple play areas, meditation facilities, health and fitness centers, multiple sports facilities, and so on. Luxurious flats in Pune come at a premium, but they are meant for those who wish to live a plush, comfortable life.
Townships have caught the fancy of Punekars in the last four to five years. Townships comprise of almost all of the above housing formats, and they also feature commercial shops and office complexes. In some cases, the township might even have schools, hospitals, transportation facilities, and so on.
So, it is prudent to choose apartments in Pune based on the size of your family, your budget, the proximity to your workplace, and other factors that matter to you.
First Time Buyers’ Guide to Apartments in Pune