Mundhwa is considered a rapidly emerging real estate hotspot of Pune. It is a top realty destination for tenants and end-users alike. The area is around 20 kilometres from the centre of Pune. In recent times, Mundhwa has registered the maximum returns on rent in Pune, at four percent. With this new development, Mundhwa has unseated Chakan from its top spot on the list of high rental returns markets in Pune.

If you are thinking about investing in Pune real estate, then Mundhwa is a good choice. Most real estate developers are launching their new projects in Pune in this area. The capital values prevailing in the area start at Rs 2,800 and can go up to Rs 20,000 almost per square foot.

• A 2BHK apartment between 800 and 1500 sq. ft. is priced from Rs 22 lakhs to 1.5 crores
• Plots which measure from 3000 to 25,000 sq. ft. have been priced between Rs 50 lakhs and 7.5 crores.
• For a 3BHK apartment measuring from 1000 to 2500 sq. ft. is priced from Rs 40 lakhs to 2.5 crores.

The rental values prevailing in the area can be classified as follows:

• A monthly rent of Rs 7500 to 35,000 is payable for a 2BHK which measures from 950 to 1200 sq. ft.
• Similarly, for a 3BHK apartment, Rs 14,000 to 70,000 is chargeable. These units measure between 1100 and 2000 sq. ft.

Mundhwa is situated near important IT hubs of Pune like Kharadi, Kalyani Nagar, Hadapsar and Magarpatta. All these areas are less than 5 kilometres from Mundhwa. Upcoming projects in Pune’s Mundhwa shall benefit from the demand generated by professionals working in these IT hubs. These professionals prefer living close to their work place so that they can walk to work. When compared to the areas surrounding Mundhwa, these residential projects are more affordable.

Mundhwa also enjoys good connectivity from major localities of Pune which is another reason for its popularity among home buyers. Buses plying through Mundhwa are a popular means of transportation. The Hadapsar Railway Station is around 5 kilometres from here while the Pune International Airport is roughly 11 kilometres away. The Sinhagad Road and Mumbai Pune Highway are the two important thoroughfares of Mundhwa. The micro-market is also easily accessible from Kolhapur, Goa, Mumbai and Sholapur.

The social and physical infrastructure of Mundhwa is well-developed for it has shops, vegetable markets, banks, hospitals and hotels in the vicinity that cater to the needs of home owners and tenants. Electricity and water supply in the neighbourhood are managed by the Pune Electricity Supply Board and Maharashtra Water Supply and Sewerage Board respectively.

To conclude, Mundhwa is a good zone for investment in Pune real estate as it has steady rental and capital values appreciation coupled with developed connectivity and infrastructure. The upcoming projects in Mundhwa are mostly gated communities with amenities such as gymnasium, club house and swimming pool built-in. The area also has stand-alone multi-storeyed apartments which cater to the needs of the middle income buyer.

Article Posted By : sherrynash  On June 03, 2015lView All Articles

Seema Chauhan is a real estate blogger and content writer for a website IndiaHomes.com. She has written in above article that how to investment in Mundhwa, Pune and what is the facts you must investment in Pune and other major cities.

Article Source :

http://www.veethi.com/articles/why-should-you-consider-new-projects-in-punes-mundhwa-article-3553.htm

Keywords :
Pune Real Estate , Apartments , Flats , Property Investment , New Projects