Overview of Magarpatta, Pune

Situated southeast of Pune and north of the suburb of Hadapsar, Magarpatta is a much sought-after place for people looking to buy or rent properties in Pune's real estate market.

Property Prices The typical price for flats in Magarpatta, Pune, ranges between ₹11,550 and ₹12,100 per square foot. The price varies greatly, fluctuating from ₹9,200 to ₹13,850 per square foot, depending on the project and features.

Property Types and Configurations Magarpatta mostly has apartments in a variety of layouts, including 1 BHK, 2 BHK, and 3 BHK flats. Here’s the pricing for these layouts:

• Prices for 1 BHK flats: ₹67.95 lakhs to ₹75.5 lakhs.
• Prices for 2 BHK flats: ₹99.32 lakhs to ₹1.47 crore.
• Prices for 3 BHK flats: ₹1.6 crore to ₹3 crores.

Rental Market Looking to rent? There are various choices for 3 BHK flats. Prices can vary from ₹45,000 to ₹80,000 monthly, influenced by the flat's location and amenities. For instance, a 3 BHK flat with a 1200 sqft to 2400 sqft carpet area can be rented for ₹50,000 to ₹80,000 per month.

Infrastructure and Amenities Magarpatta features a well-managed mini township with top-notch amenities. The area has good road connectivity, right off the Bee Ahmednagar highway. You’ll find all necessary facilities like markets, shopping malls, grocery stores, and vegetable markets all within a 3KM radius. Ride-hailing services like Uber, Ola, and Rapido, as well as food delivery services such as Zomato and Swiggy, are easily accessible.

Price Trends and Appreciation Property rates have surged in Magarpatta in recent years. In the past year, prices rose by 13.2% to 16.8%. Over five years, prices appreciated around 42.6%, and in a decade, they increased by about 58.2%. This highlights a solid potential for long-term investments.

PropertyWala's Insight

Magarpatta, Pune, offers a desirable and profitable area in the Pune real estate market due to its strong infrastructure, good connectivity, and consistent price hikes. The area provides both affordability and luxury, making it suitable for various investors and homeowners. With its organized amenities and positive price trends, Magarpatta stands out as an appealing choice for a broad audience.