Flats in Pune Below 50 Lakhs

Pune’s real estate industry has gained a lot of attention from both the investors as well as the buyers and the main reason for the same is the city’s rising quality of lifestyle along with the infrastructural developments taking place. Pune is the preferred investment destination across the country and many reputed builders have come up with remarkable projects here which are well received by the buyers be it in budget, premium or luxury categories.

Flats in Pune below Rs 50 lakhs can be commonly found in the following areas :

1) Wakad - the entry point to the city and the closest locality to Hinjewadi IT hub. Due to high rental demand majority of buyers here look for giving their houses on rent to earn extra income.

2) Wagholi - Its proximity to Pune airport makes it a popular area and a popular hub for NRI investment.

3) Hadapsar - the area close to another IT hub of Pune- Magarpatta. This area has location advantages with a wide range of options available. Most of the projects here are ready to occupy units.

4) NIBM Road - This suburb area of Pune has well developed infrastructure like schools, some popular eating joints, and shopping complexes. It is the destination for people who want to own a second home in the city.

5) Hinjawadi - is an IT driven locality and the lack of connectivity has made the rental demand the highest over here since residents of the city working in IT prefer to settle down here. It lies close to Rajiv Gandhi Infotech Park.

6) Undri - Launch of luxury projects, surrounding green spaces, proximity to Pune camp, and connectivity to other areas through state highways has created a good demand for this area and one can easily find a 2BHK apartment of approx. 900 sq ft below Rs 50 lakhs.

7) Kondhwa - Availability of land parcels and smooth connectivity to IT parks will lead to several new launches coming up in this area below Rs 50 lakhs. 8) Sinhagad Road - Half an hour drive from Hinjewadi, this area has lot of employment opportunities in the coming times as it is close to many animation and gaming companies.

9) Dhanori - has many upcoming projects in budget range and it serves as a vacation home destination for many celebrities coming from Mumbai due to its proximity to Pune airport.

10) Pimple Saudagar - is another developed locality of the city where one can find a 2 BHK apartment of 700 sq ft below Rs 50 lakhs.