msayedbukhari

Hi all,
Would appreciate if you could advice in future if purchased a flat in Kharadi or wagholi area how much will be the appreciation.
Thank you.

bheeshma

Depends upon where in Kharadi you want to Purchase. According to the DP Plan, Kharadi has 25 - 30% reservation for Commercial. and the rest Residential.. The rates there are in the region of 2200 to 2800.

bheeshma

Kharadi you can expect prices to maybe increase 30 - 35% in the next 4 years. Wagholi Don't Know. Kharadi has a substantial Reservation for Office & Commercial Space according to the DP Plan.

Sansei

Me thinks:

Even if Kharadi has 30 % commercial reservation.

The winner is hands down to Wagholi in long term.

Remember water will always be thro Wagholi.

Proposed Ring road towards Education zone is thro' Wagholi.

The area near Moze College is developing quite well and will be connected

towards Mundhwa-manjari.

The RE mayhem / DP obstacle would be sorted out before Wagholi

develops substantially.

The metro would terminate some where near Wagholi / MIDC area.

tsongt

Do not expect appreciation for the next 3-4 years.

If you are in IT, once your salary can steadily appreciate 10% per annum in the coming years, then expect some appreciation in RE.

Otherwise the state of RE will be plus/minus 5% every 3 months, if not a big correction before a revival.

If you are looking for investment, land is the best bet rather than apartment flats.

nilesh_phalke

I think because of EION It Park and Plazza Center, kharadi will be the replica of kalyani nagar within 2-3 years. Also there are some good projects like Marvel Zyper who is offering 4700/- for Super Luxirious flats(2BHK - minimum area 1650 sqft) which is very high rate for Kharadi. Beacuse of thos some primium projects in future kharadi will give you better return

ttt43

Put your money in FD for next 2-3 years. It will give you better returns. The rates can not go beyond a certain range. Current rates are too high for the Salaries offered in Pune.

aditi sharma

This seems more like a pitch from some builder's marketing person (Goel Ganga? )
EON IT Park and the so called Plaza center is all hype. Pls Save your cash. Cash is king. Put money in Stocks / FDs etc. They are better returning vehicles now. RE is past.
(Note: Kharadi does not give more than 8K rent for an 1100-1200 sq ft flat).

nilesh_phalke

Hi Aditi i am just giving my openion about kharadi. I am not from any marketing team. I am also working in Company as Sr. Person. But i studded about this area and thats why i am sharing my information with you guys.
And 2nd thing 8K rent is right now but think after 2 years it will dafinately give you 12-15 K.
Even i have my house in Zircon project in Vimannagr there are 15-20K for 2BHK(fully furnished 25K). Compare to VimanNagar kharadi is okay if its giving you 8-10K right now.

mahesh pune

PMC plan and desclare Kharadi as next IT park after Hinjewadi phase 1 & 2. But other than Zensar no company turn up. Hinjewadi remained favorite IT location and woth phase 3 progress of Kharadi ends up. Private It park & SEZ failed to attract big IT companies. Magarapatta and othe private IT park mostly have BPO & KPO companies with few exceptions.
In case of pure investment point Vagholi will give better returns because current rates are lower than Kharadi and proposed ring road will help it's development. But still I don't think both can give better returns.