Varve Khurd, Pune Overview

Location

Varve Khurd lies in the southern outskirts of Pune, right by the Pune-Satara Road. Being part of the wider Pune metro area, getting around to other parts of Pune is quite convenient here.

Property Types

• Residential Plots: Many plots are available here, mostly owned by private individuals. The plots vary in size, from around 1000 to 3100 sq-ft, with prices shifting from ₹11 Lac to ₹20 Lac.
• Multistorey Apartments: Apartments here range from 1 BHK to 2 BHK. Sizes range from 450 sq-ft to 850 sq-ft.
• Studio Apartments: Also available are studio apartments, usually around 322 sq-ft.

Price Trends

• For Sale:
  • Starting property prices are around ₹500 per sq-ft, with an average of ₹4,666 per sq-ft. Prices for properties span from ₹8.4 Lac to ₹45 Lac.
  • About 40% of the sale properties fall up to ₹20 Lac, and another 40% are priced between ₹40 Lac and ₹60 Lac.
• For Rent:
  • Monthly rental costs are usually ₹5,000 to ₹15,000. To be precise, 67% of rental properties are priced between ₹5,000 and ₹10,000, with the rest costing between ₹10,000 and ₹15,000.

Amenities and Developers

• Developers: Developers like Paranjape Schemes Construction Ltd. work on projects such as Paranjape Happiness Hub.
• Amenities: Come with usual items like security, parking, and community services.

Rental Market

• Most rental properties are 2 BHK multistorey apartments, making up around 100%. Renters often find both fully and semi-furnished options.

Price Movements and Investment

• Property rates in Varve Khurd dipped by 61.17% over the past year. Yet, prices per sq-ft remain stable. This balance makes it a good time to buy or sell.

PropertyWala's Insight

Varve Khurd in Pune presents a mix of affordability and long-term potential. Ideal for those searching for plots or multistorey apartments, the area stands out. Although prices have dropped, remember overall market trends and explore specific property features. Renters benefit from a selection of fully or semi-furnished apartments at moderate prices. It's crucial to do proper research and visit spots personally before finalizing any decision.