Netz Capital Research concludes Skyrocketing prices and low amenities make Mumbaikars choose Pune for real estate investment.
(Mumbai for Immediate Release) Skyrocketing real estate prices in Mumbai city along with no amenities are making Mumbaikars go for Pune for their real estate investment.
Netz Capital Research, a research arm of real estate investment, consulting and development firm Netz Capital interviewed over 500 residents in Mumbai city with investment budgets from Rs. 50 Lacs to Rs. 5 Crores. About 315 of them expressed strong desire in owning flats at large townships in Pune which come with amenities like Golf Courses, tennis courts and swimming pools and ample of landscaping. 75 people said they would still look for a housing project in Mumbai if the real estate price comes down by about 20%. 95 peple said they would invest in outskirts of Mumbai like Vasai, Virar or near Panvel. 25 people said they would look for investment option in Thane district like Boisar, Palghar or Shahapur.
Netz Capital research survey shows that over 63% residents of Mumbai who are looking to buy a house are looking towards pune Market.
“Pune has surplus land available at cheap prices for the developers. There are also estabished and growing industries like IT and manufacturing. The housing prices in Pune range from Rs. 25 Lacs for 1 BHK to over Rs. 1.2 crores for 3-4 BHK. These projects come with ample of amenities like Golf Courses, Tennis courts, swimming pools. Moreover there is ample of space for amenities or recreational areas in general. Mumbai is banking on it’s crowd and the projects come at sky high price with zero amenities. This is making People in Mumbai go for Pune for their real estate investments.” said Pravin Maske, Head of real estate at Netz capital.
“Pune has world class upcoming townships like Blue Ridge and Forest Trails by Paranjape Schemes, Lodha Belmondo, DSK Dream City and Megapolis by KUL and ABIL. These projects come with world class amenities which is catching the eye of Mumbaikars.” added Mr. Atul Khekade, Director of Netz Capital.
Mr. Pravin Maske, Head of Real Estate – Netz Capital
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