GrowScape plots near Saswad

Its popularity is among the key parameters based on which the worth of a locality is decided. If a locality is popular among buyers for purchasing NA plots near Pune, it must be special in some or the other way. Then look no other than Pune. Its closeness to Mumbai and thriving engineering, automobile, education & IT sectors and year round good weather make it an ideal place for living. The employment opportunities are growing day by day and hence, more people are migrating to the city. Let’s have glance on one of the top localities in Pune that are expected to see a significant price rise.

Saswad, an emerging pocket of Pune belt, has various good demand drivers, such as the working population in Magarpatta, spill-over demand from Hadapsar, affordable prices, connectivity to central Pune. The upcoming international airport and ring road passing at a short distance from Saswad are the primary drivers for residential demand in this corridor. As Wanowrie, Kondhwa and NIBM Road are already densely developed; the focus has been shifted to Saswad and its neighboring areas In the past three to four years.

This area has become one of the most preferred residential markets. This sub-market is now also in demand from people staying at Wanowrie, Kondhwa and Fatimanagar. Major reason for buying plots near saswad in this area is upcoming massive international airport. Massive proposed international airport near Saswad will bring connectivity , facilities , developments beyond imagination. Some other major factors for buying properties in this pocket are the possibility to upgrade to bigger flats at affordable prices, acquiring a second home close to the existing one and also buying second-generation home in this area. The region has also witnessed spillover demand from Hadapsar and Kharadi, as the prices in those locations have increased significantly and are no longer affordable for entry-level home buyers. This belt has also gained significance because of the presence of quality schools. Retail development is also becoming a factor driving the potential of the region. Once the new Ring Road is completed, this pocket will see massive development, on the heels of highly improved connectivity in the coming years.

If invested at a right time, right place property buyers can expect 25-30 per cent annual appreciation on capital values, depending on location, product, and delivery time. Unlike end-users, investors are also focused on the best time to exit; a horizon of three years or more needs to be maintained for investments done today. That said, returns are subjective and will depend on factors like project, area, location, etc. There is no thumb rule for how long one should stay invested, with the optimal horizon always being a function of specific project, entry cost and annual appreciation achieved. However, a horizon of five-seven years from project launch is very advisable. In all cases, buyers must do thorough due-diligence before buying properties in any of Pune's emerging locations