Affordable residential markets near Boat Club Road, Pune There are many prospective buyers planning to invest in an apartment along Boat Club Road but cannot afford the prices prevailing there. Boat Club Road which is located about 4 km north-east of the heart of the city is an expensive area with average prices in Q3 2014 being about Rs 14,265 per sq. ft. Going by market trends, prices are expected to appreciate in the future. However, there is no reason for buyers to despair as there are many areas in the vicinity with residential property at comparatively lower prices. Some of these include Koregaon Park, Kalyani Nagar, Bund Garden Road, Ghorpadi and Dhole Patil Road, among others. Koregaon Park Koregaon Park is located about 6 km from the heart of Pune and about 2 km east of Boat Club Road. Besides being more affordable, it has almost 5 times the number of apartments for sale than Boat Club Road as per CommonFloor listing data. The average prices of apartments here in Q3 2014 was about Rs 10,190 per sq. ft., which is about 29 per cent lesser than that along Boat Club Road during the same period. About 90 per cent of the residential property in the area are apartments while about 92 per cent are completed apartment projects. Good connectivity and infrastructure facilities add value to the area. Kalyani Nagar Kalyani Nagar is located about 7 km from the heart of the city and about 4 km east of Boat Club Road. It has more than 8 times the number of apartments listed with CommonFloor than in Boat Club Road. The average prices of apartments here in Q3 2014 was about Rs 7,753 per sq. ft., which is about 46 per cent lesser than that along Boat Club Road during the same period. About 92 per cent of the residential property in the area are apartments while about 82 per cent are completed apartment projects. The area is also renowned for its connectivity and infrastructure facilities. Bund Garden Road Bund Garden Road is located about 4 km from the heart of the city and about 1.5 km south of Boat Club Road. It has 42 per cent more listed apartments compared to Boat Club Road as per CommonFloor data, with prices here being much lesser. The average prices of apartments here in Q3 2014 was about Rs 10,895 per sq. ft., which is about 24 per cent lesser than that along Boat Club Road during the same period. 100 per cent of the residential property listed in the area are apartments with all of them being completed projects. Connectivity and infrastructure facilities in the area are adequate.
Shivaji Nagar Shivaji Nagar is located about 2.5 km from the heart of the city and about 6 km west of Boat Club Road. Even though it has lesser number of listed apartments as per CommonFloor data, prices here are much lesser. The average prices of apartments here in Q3 2014 was about Rs 9,672 per sq. ft., which is about 32 per cent lesser than that along Boat Club Road during the same period. About 92 per cent of the residential property in the area are apartments while about 94 per cent are completed apartment projects. Shivaji Nagar is also renowned for its connectivity and infrastructure facilities. Shastri Nagar Shastri Nagar is located about 7 km from the heart of the city and about 3 km north-east of Boat Club Road. Like Shivaji Nagar, it also has lesser number of listed apartments as per CommonFloor data, with prices being much lesser. The average prices of apartments here in Q3 2014 was about Rs 6,943 per sq. ft., which is about 51 per cent lesser than that along Boat Club Road during the same period. About 88 per cent of the residential property in the area are apartments with all of them being completed projects. Connectivity and infrastructure facilities are up to the mark in the area. Source: CommonFloor.com For Latest Updates on Real Estate Updates, Property News and Cities Infrastructure Developments Visit: http://www.commonfloor.com/guide
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