Real Estate Overview of Ravet, Pune

Ravet, located on the outskirts of Pune, Maharashtra, has become a highly attractive location for homebuyers and investors due to its strategic spot and booming real estate market.

Position and Interconnection

Ravet sits at the crossroads of Pune and Pimpri-Chinchwad. It offers excellent connection to major highways, including the Pune-Mumbai Expressway. This closeness makes it a desirable destination for professionals working in the nearby Hinjewadi IT Park.

Property Costs and Trends

Variations in property prices in Ravet rely on the property type and spot. For flats, prices range from Rs. 3,495 to Rs. 19,038 per square foot, with an average of about Rs. 6,032 per square foot. We can see a 7.24% year-over-year increase in property rates.

Land rates in Ravet are from Rs. 600 to Rs. 6,000 per square foot. Builder floor prices range from Rs. 5,750 to Rs. 7,200 per square foot. Over the past decade, property rates have greatly appreciated. Specifically, flat rates rose by 35.1% and land rates soared by 182.1%.

Kinds of Properties

Ravet features a variety of living spaces, including high-rise apartments and gated communities. Apartment sizes typically range from 336 to 698 square feet, providing choices for buyers across different budget levels.

Facilities and Amenities

The area sees consistent growth in infrastructure, encompassing educational institutions, healthcare facilities, and commercial establishments. This mix of urban conveniences and a quieter atmosphere makes Ravet a favorite among homebuyers and investors.

Rental Choices

For those seeking to rent, Ravet offers various choices across different communities such as Kohinoor Nano Homes, Rohan Silver Gracia, and Vision Aristo. Rental prices fluctuate, starting from about ₹12,000 to ₹20,000 per month for 1 BHK flats, and the cost escalates depending on 2 BHK or 3 BHK properties, as determined by the area and included amenities.

PropertyWala's Evaluation

Ravet, Pune, stands out for both potential buyers and renters due to its strategic position, reasonably priced homes, and ongoing infrastructure upgrades. With considerable price appreciation over the years and a steady year-over-year rise, it stands as an attractive investment option. The mix of residential communities, exceptional connectivity, and a well-balanced urban and peaceful living makes Ravet a great choice for those considering real estate investment or living in Pune.