Location and Connectivity

Baner Road in Pune is strategically placed, offering excellent access to key city areas. Positioned east of the Dehu-Katraj Bypass on NH-4, it spans from Pune University Chowk to Balewadi Gaon Phata. It's situated close by the Hinjewadi IT Park, the Mumbai-Pune Highway, and the Pune Expressway, making it a great spot for both professionals and students.

Real Estate Market

The real estate market on Baner Road has seen considerable growth, fueled by an expanding IT sector and educational institutions. Many well-known developers have introduced premium residential projects here, which are attracting a lot of interest. It offers a variety of residential units, ranging from 1BHK to 3BHK apartments, meeting the needs of various buyer groups.

Property Prices

• For a 1BHK flat, the range in size is 350-965 sq ft with prices varying between Rs 24.60 lakh to Rs 57.40 lakh.
• For a 2BHK flat, the range is 850-1415 sq ft, and prices fall between Rs 41 lakh to Rs 96 lakh.
• For a 3BHK flat, sizes range from 1200-2200 sq ft, with prices between Rs 60 lakh to Rs 1.40 crore.

The average cost per square foot in Baner Road is around Rs 10,159, with a starting cost of Rs 5,624 per square foot and top-tier properties costing up to Rs 15,625 per square foot.

Social and Physical Infrastructure

Baner Road is well-equipped with social and physical infrastructure, turning it into a self-reliant community. The area is known for its upscale restaurants, bars, and shopping stores and has become a cosmopolitan heart of Pune. It's near the residential zones of Baner, Balewadi, Aundh, and Pashan which add to its charm. Additionally, it's also near schools, hospitals, and other vital facilities.

Investment and Price Trends

Property rates in Baner Road have seen a positive trend with a 5.94% year-over-year (YoY) rise. This trend means the area remains a good choice for buying and selling properties. Price trends suggest that investing in this area could be beneficial for both end-users and investors.

Rental Options

If renting is what you're looking for, Baner Road provides many choices. Rental prices depend on the property type and size, yet one can often find 2BHK apartments for ₹30,000 to ₹55,000 each month depending on the size and amenities provided.

Investment and Price Trends

For renting out there are numerous options available. Prices differ based on property type and size, with monthly rentals for 2BHK apartments falling between ₹30,000 to ₹55,000, depending on the size and amenities.

PropertyWala's Conclusion

Baner Road in Pune stands out as an appealing choice for anyone looking to buy or rent property due to its strategic position, strong infrastructure, and promising real estate trends. Being close to IT centers, schools, educational institutions, and other amenities, it's ideal for professionals and families. With an array of residential options and positive pricing trends, Baner Road is a locality promising both comfort and potential for long-term investment.