Overview of Manjari Budruk, Pune

Location and Popularity

Manjari Budruk is a well-known and rapidly expanding area in Pune. It is famous for its strategic location and developing infrastructure. Located near major landmarks like the Pune-Solapur Highway, Magarpatta City, and Hadapsar, this place is appealing to buyers and tenants alike.

Property Types and Availability

• Residential Options: In this locality, there's a variety of housing options, such as apartments, villas, builder floors, and plots.
• Number of Properties: Over 207 properties are listed, giving plenty of choices for people looking to buy or rent.

Pricing Trends

Property Prices

• Starting Price: Properties here start from ₹ 1.50 lacs, averaging at ₹ 18.17 lacs for apartments and other units.
• Price per Square Foot: The average per square foot price for flats ranges from ₹ 2,500 to ₹ 10,563, averaging between ₹ 5,500 to ₹ 6,351.
• Land Rates: Land rates span from ₹ 1,700 to ₹ 3,700.

Price Appreciation

• Short-term Trends: Recently, over the last six months, prices took a downturn similar to the Pune market.
• Long-term Trends: Yearly, there was a 17.78% rise in property rates. Over the past 5 years, appreciation reached 23.8%, with a 51.2% rise in the last decade.

Rental Market

Rental Prices

• 1 BHK Flats: Available between ₹11,000 to ₹16,000 per month.
• 2 BHK Flats: For rent from ₹ 19,500 to ₹26,000 monthly.

Facilities and Amenities

• Car Parking: Many properties include covered parking.
• Amenities: You'll often find balconies, wardrobes, beds, sofas, and good proximity to esteemed schools and commercial areas.

Infrastructure and Amenities

Connectivity

• Road Connectivity: Good links to major highways and areas like Magarpatta City and Hadapsar.
• Public Transport: Easy access to public transportation options.

Local Amenities

• Educational Institutions: Close to well-known schools.
• Commercial Areas: Nearby IT parks like Eon IT Park and other business hubs.
• Healthcare and Shopping: Various healthcare facilities and shopping centers are accessible.

PropertyWala's Conclusion

Manjari Budruk in Pune stands out due to its strategic location, variety of property options, and encouraging price growth. While there were recent declines in short-term trends, its long-term growth potential and expanding infrastructure make it a lucrative investment. When deciding, prospective buyers and renters should weigh current market trends against the numerous amenities and connectivity options available.