Best Place to Buy Budget Property Near Pune

Pune, a fast-growing city, is emerging as a top spot for real estate investment. Here is a list of places to buy budget properties near Pune; you need to look.

As India’s second-largest IT centre, Pune’s real estate prices steadily increase. The city is sometimes called the Oxford of the East since it is home to several top-tier educational institutions.

Since Indian Independence, Pune has transformed from a renowned university, college, and business school to one of the most influential car manufacturing hubs.

Serum Institute of India, the most prominent vaccine producer in the world, is also based there. During the Covid-19 epidemic, it produced almost 5,000 vaccine doses each minute. After Thane and Mumbai, it is the third-largest economic contributor to Maharashtra. As a result, prices in Pune’s surrounding areas have also increased. There are a few places nearby with affordable properties, including modern amenities.

Below is the List of 8 Places with Budget Properties

1: Bhosari

For those looking to escape the bustle of city life, Bhosari is an ideal new neighbourhood. Bhosari, which is thought to be Pimpri Chichwad’s most populated region, is growing quickly.

Wrestling and Kabaddi are two popular cultural and sporting events in Bhosari. All four seasons are pleasant there.

One of the sites of significance in the township is the 2000-year-old “Artist temple” and the “Artist Mahal,” which were excavated by archaeologists.

The history of Bhosari village dates back to the time of Gautam Buddha. Bhosari is renowned as a Pimpri-busiest Chinchwad location, particularly for wrestling. Numerous wrestling sports facilities aid in producing national and worldwide champions.

The central industrial area in this area is Bhosari Maharashtra Industrial Development Corporation, home to well-known corporations like Tata Motors, Philips, Thermax, etc.

The price of properties in Bhosari begins from Rs 2.65 lakh and goes up to Rs 81.50 lakh.

Social Assistance/Amenities in Bhosari

• There are a few entertainment centres in Bhosari, like M Mart Mall and Indrani Mall.
• The area also has numerous educational institutions, such as Priyadarshani School, Master Mind Global School, Priyadarshani School, Sidheshwar High School, Pawana Shikshan Prasarak Mandal Art And Commerce College, Rajmara Jijau College.
• It also has health centres like Anand Multispeciality Hospital, Shree Multispeciality Hospital, Sabales Superspeciality Hospital, and Pataskar Hospital.

2: Bhugaon

The Mumbai-Pune Expressway is close to the Bhugaon neighbourhood. Due to its closeness to Manas lake, the area has seen a hike in demand for real estate.

Additionally, the region is close to Pune’s employment hotspots, like Platinum Tech Park and Venture Center, making it a profitable area to buy a property and invest.

Even though it is on the periphery, Erandwane, where the Sahyadri Mountains stretch, is connected to the centre of Pune via a tunnel-cut road interrupting the forest at Chandani Chowk, Pune.

Due to Pune’s thriving IT industry, Bhugaon has experienced substantial urbanization in recent years.

The starting price of real estate in Bhugaon is Rs. 209 per sq ft, while the average cost is Rs. 6,090 per sq ft.

Social Assistance/Amenities in Bhugaon

• Bhugaon has many educational institutions like Ryan International, Padmabhushanvasantdada Patil Of Technology, Periwinkle English Medium, Suryadatta College Of Management Information Research & Technology, Shri Chaitnya Techno, and Indian Institute Of Cost Management Studies & Research.
• It also entails health centres such as City Hospital, Jadhav Hospital, Venkatesh General Hospital, Sahyadri Hospitals, and Bavdhan Medicare Centre.

3: Talegaon

Talegaon, situated close to the Mumbai–Bangalore expressway, has excellent access to train lines, expressways, and national highways. It is a great location for commuting and living because it is only thirty minutes from Pune and two hours from Navi Mumbai.

One of the less well-known towns in Pune is Talegaon.

Buyers from Pune and Mumbai prefer the location for its affordable residential alternatives because it is only 120 kilometres from Mumbai.

The starting price of real estate in Talegaon Dabhade is Rs. 6 per sq ft, while the average is Rs. 4,047 per sq ft.

Social Assistance/Amenities in Talegaon

• The area has good educational facilities like DY Patil, Indrayani College, Polytechnic College, and Maharashtra Institute of Medical Education and Research (MIMER).
• It is the best getaway since it is conveniently accessible to the city’s core suburbs and is surrounded by lush green mountains, lakes, and waterfalls.

4: Warje

Warje, 12 kilometres from the city centre, is on the Mutha River’s bank. Formerly farmland, it is now a prosperous neighbourhood in Pune.

Due to its location on the Mutha River’s bank and access to sufficient water for cultivation, Warje serves as a catchment region for the western highlands. Proximity to the river and stream regions, it has a substantial forest.

The Pune neighbourhoods of Narhe and Dhayari, Katraj on the south, and Kothrud on the north surround it.

In the new century, the smaller Warje neighbourhood of “Malwadi” experienced tremendous expansion, mainly due to the construction of numerous sizable housing complexes. As the population grew, the public infrastructure came under further demand.

The starting price of real estate in Warje is Rs. 900 per sq ft, while the average cost is Rs. 7,671 per sq ft. Price trends suggest that it is profitable to acquire ad sell real estate in Warje.

Social Assistance/Amenities in Wajre

• The area includes a few prestigious educational institutions such as Aaryans World School, Sahyadri National School, Bombay Cambridge School, Sanskar Mandir Sansthas Arts & Commerce College, etc.
• It also has health centres like Mai Mangeshkar Hospital, Chaitanya Hospital, LFG Cares Shree Hospital, and Anand Hospital.
• For entertainment purposes, the JVA Mall includes everything from clothing, food, games, etc.

It is also close to the National Defense Academy (NDA), which draws many people nationwide for training.

5: Wagholi

Wagholi is a town in Maharashtra, India’s Pune district. Due to the reduced rentals and cost of living, many individuals working or studying in Pune choose to reside in this area. It significantly impacts people’s economic, social, cultural, and educational life in Satara, Koregaon, and Pune districts.

In the past, the Bhoite Maratha clan descended from the Suryavanshi Kshatriya and controlled Wagholi.

It is an area where low-income individuals reside. To meet the need for housing, there are more than 200 modest residential apartment complexes (each with 12–15 units) in the area.

The city’s 363 authorized developer projects by IIFL House Finance Limited make it simple for end consumers to buy a property there.

Social Assistance/Amenities in Wagholi

The town also has many prestigious institutions, such as Bharat Vidyamandir and Junior College, SNBP International School, Kala Mahavidyalaya, and many more.

6: Mahabaleshwar

Mahabaleshwar is a hill town in India’s wooded Western Ghats. In addition, it is a well-liked summer and weekend vacation for residents of Pune and Mumbai, two adjacent cities. It is a place of breathtaking beauty, and almost the entire year, it has lovely weather.

The hill town is well-known for its strawberries. One may get handicrafts, leather goods, Kolhapuri footwear, and much more from the Town Bazaar.

Boating is quite popular on the lake. Tourists like the nearby market and food booths since they are close. The Lingmala waterfall is one of the additional attractions. With its Mahadeo temple, Old Mahabaleshwar is a holy site. The five rivers, Krishna, Koyna, Venna, Savitri, and Gayatri, originate at the temple.

It is nearly 3 hours away from Pune, with real estate prices starting from Rs 14 Lakh and going up to Rs 38 crore. Panchgani, Tapola Road, Satara Medha Mahabaleshwar Road, SH-58, and Poladpur Mahabaleshwar Road are well-liked neighbourhoods in Mahabaleshwar that provide outstanding real estate opportunities.

Social assistance/Amenities in Mahabaleshwar

• There are also good schools and colleges, such as Giristhan Arts & Commerce College, Shalom International School and Jr College Panchgani, Indian School Of Business Management and Administration, and many more.
• The town also has excellent and necessary health centres with endless entertaining things to do around.

7: Nashik-

Nashik is located on the western side of the volcanic Deccan Plateau. After Mumbai and Pune, Nashik, on the banks of the Godavari River, is Maharashtra’s third-largest city. More than half of India’s vineyards and wineries are located in this city, which is why it is known as the Wine Capital of India. The Nashik Valley is where over 90% of the wine in India is produced.

Nashik has a comparatively moderate variant of a hot, semi-arid climate thanks to its tropical location and high altitude.

Many people across the country are drawn towards the city as it grows at a breakneck pace, including numerous employment possibilities and a clean environment.

The starting price of real estate in Nashik is Rs. 50 per sq ft, while the average is Rs. 4,764 per sq ft.

Social assistance/Amenities in Nashik

• It has long been an important manufacturing centre for the car industry. Exxelia, Atlas Copco, Robert Bosch GmbH, CEAT Limited, and several more businesses have been established in the city.
• The city is also well renowned for being one of the pilgrimage centres for Hindus during the Kumbh Mela, which takes place every 12 years.

8: Palghar

The 36th district of Maharashtra, Palghar, spans between the Sahyadri Mountains range to the east of Palghar’s Northern District and the west coast of the Arabian Sea.

India’s first nuclear power plant is established in Tarapur, Palghar. Tarapur MIDC, one of Maharashtra’s major industrial regions, is located in the industrial town of Boisar. The main fishing port in Maharashtra is Satpati; other significant fishing ports are Dahanu, Arnala, Vasai, and Datiware.

Social assistance/Amenities in Palghar

• A melting pot of people from different cultures and religions can be found in the Palghar district’s Vasai Taluka. Portuguese influence has left its cultural traces in this region. There are nine large churches in this taluka dating back to 1564 AD, and being a popular tourist destination.
• Another fascinating historical location is the Buddha Stupa near NallaSopara West. Vasai’s Nirmal Lake has been a holy site since Shri Parshuram. The district’s main tourist attractions are its hill stations and beaches.
• The city has well-established educational institutions like Sundaram Central School & Junior College, St Junior College, Xavier Institute of Engineering, and well-known health and entertainment centres.
• The property prices in Palghar start from Rs 7.5 lakh to Rs 20 crore.
• Several real estate developers are constructing new projects to benefit from the market.

4 Upcoming Affordable Projects in Pune-

1. Roshan Milestone: Situated in the Dattwadi neighbourhood of Tathawade, the cost of an apartment in this planned residential complex ranges from Rs. 35 lakhs to Rs. 63 lakhs. The project has several modern facilities, including a lift, a park, a clubhouse, a swimming pool, security, CCTV cameras, and a kids’ play area.
2. iLIFE: A project established in Mundhwa, a desirable area of Pune. The residential development iLIFE is thoughtfully designed and offers all the necessary facilities. Apartments in the project’s 2BHK and 3BHK configurations are priced between Rs 63 lakh and Rs 85 lakh.
3. The Ornate: This project offers the best residential homes in Baner. The building will have 3BHK, 4BHK, and 5BHK apartments with all the essential facilities such as a clubhouse, banquet hall, park, playground for children, gym, and rainwater collection nearby.
4. Asiana Malhar: This housing development is in Hinjewadi, Pune’s most well-known IT district. The project guarantees to accommodate all contemporary facilities thanks to the proximity to technological parks, a top institution, and offices. 2BHK, 3BHK, and 4BHK house configurations are available. The prices range from Rs 60 lakh to Rs 1.80 crore.

Benefits of Purchasing Property Near Pune-

1. Real Estate: The city’s real estate market is projected to experience growth on both the residential and commercial fronts to the point that 2022 will exceed the five-year average for total residential sales.
2. Pleasant Climate: Most places nearby have excellent and good weather throughout the year, surrounded by mountains and lush greenery.
3. Employment Opportunities: As Pune is the second-largest IT hub in the country, countless job opportunities are growing daily in almost every sector.
4. Safe and Secure Places: All the places are comparatively safer than many metropolitan cities as they have all kinds of people and are also suitable for bachelors.

Conclusion

It is profitable to purchase and sell property nearby Pune considering the high demand of people and fast-paced infrastructure development.

Moreover, with the state government providing SOP assistance to the market in reduced stamp duty and cheap home loan EMI rates, the affordability index has grown in Pune and nearby areas.

Pune’s neighbourhood is relatively safe, and the climate is also moderate, which draws many people’s attention to purchase or invest in real estate here.