Yerawada, Pune Overview

Yerawada, nestled in Pune, has quickly become a sought-after spot that draws both buyers and renters thanks to its advantageous location and amenities.

Property Prices

• Average property costs in Yerawada hit around ₹9,036 per square foot, lying between ₹3,400 and ₹16,740 per square foot.
• Breakdown for different configurations:
  • For 1 BHK: ₹15,700 - ₹17,200 for units from 550-600 sq.ft.
  • For 2 BHK: ₹27,200 - ₹29,200 for spaces from 950-1,020 sq.ft.
  • For 3 BHK: ₹38,100 - ₹50,700 for areas from 1,332-1,773 sq.ft.

Price Trends

• Property costs in Yerawada have increased sharply:
  • 1.49% over the last year.
  • 24.3% over the last three years.
  • 33.8% over the last five years.
  • 55.6% over the last decade.

Rental Market

• Rent for a 1 BHK in Yerawada can range between ₹4,500 and ₹9,000 monthly.
• For 2 BHK units, it goes from ₹9,000 to ₹12,000 per month, often varying based on the facilities and location.

Types of Properties

• Yerawada boasts apartments, independent houses, and lots of various sizes.
• Common types: villas, apartments, and penthouses.

Amenities and Infrastructure

• The area is linked well to Pune's other parts, making it great for pros and families alike.
• Modern amenities include well-planned apartments and close proximity to schools, hospitals, and shopping areas.

Market Forecast

• Yerawada's real estate market looks set to grow due to economic advancements and upgraded infrastructure.
• Anticipating more price hikes driven by increasing demand for eco-friendly housing.

Notable Projects and Developers

• Recognized developers in Yerawada: NG Rathi Associates, NG Rathi Promoters, Fortune Developers And Infrastructures, and Kumar Properties.

PropertyWala's Final Thoughts

Yerawada, Pune, shines as a chance for those looking to buy or rent because of its strong price trends, various property options, and better infrastructure. The area's prices have grown a lot and forecasts suggest more growth. It’s wise to stay updated on the latest market trends and consider personal needs before deciding.