Overview of Budhwar Peth, Pune

Location and Accessibility

Budhwar Peth is a central and historic district in Pune, celebrated for its prime spots and easy access. It lies near key landmarks, schools, malls, and other important services, making it ideal for both residents and investors.

Property Prices

• Average Price per Sqft: Property prices go for about ₹12,435 per sqft in Budhwar Peth.
• Price Range per Sqft: Prices stretch from ₹1,875 to ₹26,000 per sqft, catering to different budgets.
• Total Cost: You'll find properties priced between ₹33.3 Lac and ₹1.06 Cr, depending on size and extras.

Types of Properties Available

• Apartments: Choose from configurations like 1 BHK, 2 BHK, and 3 BHK for sale or rent.
• Multistorey Apartments: Many multistorey buildings come with modern amenities, lift, covered parking, and security.

Rental Options

• Monthly Rents:
  • 1 BHK: Rents start around ₹11,000 to ₹20,000 monthly.
  • 2 BHK: Rents range from ₹16,000 to ₹45,000 monthly.
  • 3 BHK: Monthly rents can range from ₹22,000 to ₹57,000.
• Preferred Tenants: Landlords mostly prefer bachelors or families renting.

Amenities and Facilities

• Basic Amenities: Common features include gas connection, microwave, AC, washing machine, and covered parking.
• Additional Facilities: Some include lift, overhead water tank, and close proximity to schools, hospitals, and markets.

Market Trends

• Year-on-Year Growth: Property rates have dropped by 7.22% over the past year, possibly a good time to buy.
• Investment Potential: It's a profit-friendly spot for buying or selling due to its central location and demand.

PropertyWala's Verdict

We can say that Budhwar Peth stands out in Pune for its blend of historical charm, central location, and modern amenities, making it appealing for both buyers and renters. With diverse property options for different price groups, it meets various needs and budgets. Plus, its access to crucial services and facilities makes it even more attractive. But, given the recent drop in property prices, this could be a great purchase opportunity for investors. To sum it up, Budhwar Peth is a solid real estate or residential pick in Pune.