When it comes to having the best of sustainable development, few places in Pune have the advantage of Bibwewadi. Nestled amidst the verdant green hillocks and its proximity to the commercial areas, Bibwewadi is known for its wide roads, green cityscape, and a hub of activities. Naturally, this area is among the top residential areas in Pune for the discerning populace, who wish to have the best of the world at their doorstep.
For these reasons and more, this area of Bibwewadi happens to be our top pick for the month for a perfect residential location.
Between November-December 2015-November-December 2020, properties around the Bibwewadi area have witnessed an appreciation of 15.2%. Besides offering great investment options, there are a host of benefits of investing in the area.
Buying a residential property in such a bustling area is easy, as various parameters must be considered before buying the right home. Connectivity, infrastructure, green surroundings, amenities at the doorstep are just some of the aspects on the top of the list. During recent years, there has been a shift in preferences for new-age home buyers. The budget, neighbourhood, and social infrastructure top the list for the new home buyers. We roll it up in this article on why Bibwewadi may be considered for real estate investment in Pune.
Infrastructure and Connectivity
Hassle-free connectivity and developed social infrastructure are what describes it the best. While on the one hand, Bibwewadi is situated close to the Market Yard, Gultekdi, the place is not farther away from Shivajinagar or MG Road, the main shopping areas of Pune. Easy connectivity to the rest of the city and access to the Pune-Mumbai Highway are among the advantages for home buyers.
Owing to the proximity to the main business centres of Pune, Bibwewadi has been a natural choice for entrepreneurs and businesspeople alike. But given the ease of connectivity, the area has witnessed a surge in buying activity among young IT professionals and senior residents.
Safe buying opportunity and hope for good price appreciation
The sprawling residential complexes that have cropped up in this area have fetched good returns in the past decade. With good infrastructure and amenities, social infrastructure such as parks, recreational clubs, etc., one can hope to get good returns in the short and medium-term.
Compared to some of the upcoming residential areas such as Magarpatta, Undri, Kharadi, the one advantage that Bibwewadi offers is a competitive price range in a centrally located area. We estimate that the apartments situated in this area will fetch good returns compared to other projects in a similar locality, from a medium to long-term horizon.
As the adage goes, “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense and managed with reasonable care, it is about the safest investment in the world.” This holds so true while buying Park Landmark by Pride Purple Group. The apartments are available at various configurations of 2-BHK and 3-BHK and priced at a competitive market rate. A sheer pride for prospective homebuyers.