Pune: Mundhwa Emerges Top Market for Rental Returns in 2015
For all those investors who are looking to get good rental returns, then Mundhwa could be your ideal destination in Pune. As per CommonFloor annual report – “Pune Real Estate in 2015,” – Mundhwa emerged as the top locality in the city with maximum gross rental yield at approximately 3.9 per cent. What makes Mundhwa a major investment hotspot? Once an industrial area, Mundhwa today has metamorphosed into a realty hotspot for investors. Located in close proximity to the major IT hubs – Koregaon Park and Kalyani Nagar, Mundhwa is in high demand from professionals working here. As such, the rental housing demand is very high. The monthly rental for a standard 2BHK apartment in Mundhwa of size 1000 sq. ft. is anywhere between Rs 15,000 to Rs 20,000. More importantly, the affordable price tags of properties here in comparison to its neighbours is a major attraction for investors and property buyers alike. The average price range of properties varies between Rs 5,800 to Rs 6,300 per sq. ft., which is quite less as compared to Koregaon Park where average prices are about Rs 13,000 per sq. ft.
The area boasts of decent social and physical infrastructure with good connectivity to major areas and highways. This gives a major boost to investors in realty. 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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