Most people do not ask for relevant statistics or a comparative analysis of real estate against other asset classes. Nobody denies that hope, faith and belief are our ultimate assets, but investment into assets such as gold, silver, real estate, equity, bonds and mutual funds should be done with the head as well as the heart.
Over the last six months, the housing market in Mumbai had started showing signs of revival after an 18-month period of sluggishness beginning in the 4th quarter of 2010. The hiked Ready Reckoner rates could dampen that revival.
In terms of residential property value, Keshavnagar in Pune’s Mundhwa area benefits from its advantageous proximity to Koregaon Park, of which Mundhwa is now considered an extension. It is one the increasingly rare locations where purchasing a budget home in a strategic location in Pune is still possible.
Talegaon is recognised as a good residential property investment destination, especially by investors from Mumbai. Such investors look for 3 BHK flats and rowhouses, while the local demand is skewed towards 1 and 2 BHK configurations.
The total flow of PE funds into Pune until December 2011 was approximately US$800 million. This consisted of both foreign and domestic monies through around 32 major transactions over the last five years.