Overview of Theur, Pune

Location and Amenities

Theur, situated on Pune's eastern outskirts, is a key locale brimming with amenities. It's near vital landmarks like schools, colleges, and markets. Plus, it’s strategically positioned beside the Solapur highway and upcoming projects like the airport and ring road.

Property Prices and Trends

• Residential Properties:

  • Prices for properties start around Rs. 750 per sqft, with an average of Rs. 3,652 per sqft.
  • There was a notable 14.14% drop in property rates last year, suggesting a buyer's market.

• Residential Plots:

  • On average, plots cost ₹21.7 Lac with median prices at ₹18 Lac. They vary from 1000 sq-ft to 1650 sq-ft, priced from ₹6 Lac to ₹28 Lac based on location and amenities.

• Apartment Prices:

  • Common 2 BHK apartments sell from ₹18 Lac to ₹40 Lac. Ready-to-Move options are also available.

Types of Properties Available

• Residential Plots: Abundant, with space to build up to 3-5 floors. Often feature main road access, garden/park proximity, and utilities like electricity and water.

• Residential Houses: Available 2 BHK and other layouts, most in ready-to-move state. Prices range from ₹20 Lac to ₹40 Lac.

• Apartments: Multistorey buildings feature numerous amenities. The prevalent layout is 2 BHK, comprising about 67% of available properties.

Infrastructure and Development

Theur boasts remarkable development with large-scale projects providing modern amenities. There are large (30 acres) projects with over 30 modern amenities like artificial lakes for fishing and boating. Close to major places like Hadapsar and Magarpatta RiverView City.

Market Insights

• Price Range Distribution:

  • 55% of properties are priced up to ₹20 Lac, while 53% are between ₹20 Lac to ₹40 Lac.

• Popular Configurations:

  • 2 BHK apartments dominate, representing a significant portion of available properties.

• Investment Potential:

  • Even with a recent rate drop, Theur remains attractive for investing due to strategic location and growth projects.

PropertyWala's Conclusion

Theur in Pune is a prime location for those buying or investing. It's packed with diverse properties and ongoing development projects balancing price and luxury. Prices have dropped, but it's still a good market. To make a smart decision, keep an eye on market trends and consider specific property perks and location benefits.