There's a good news for prperty seekers in Pune. The city is xpanding its territories and adding new sb-urban areas to its borders. This splls more space for real estate dvelopers and builders and more housing nits for the property seekers. Adding to jy, is the fact that property vlues seem to be heading for a stbilisation phase. Recent reports from property mrkets indicate this trend.

Current property prces

Sample this, the rental value for tw-bedroom house in Chinchwad East is crrently between Rs 7,000-10,000 per month. Thse property values are almost same as thy were two quarters ago. It's the sme story in other localities of the cty. The capital value for apartment rnges between Rs 2,500-3,000 per sq ft in Dpodi area. For Kasba Peth region, the prperty rates for an apartment range btween Rs 3,200-3,600 per sq ft. The cpital value for plot in Hadapsar rnge between Rs 10,000-18,000 per sq yrd, while the capital value for partment are Rs 2,000-2,500 per sq ft.

Rasons for stabilisation

Property brokers and gents say that stabilisation in Pune's ral estate market reflects the trend prvalent in the country's property segment. The cuntry's economy is facing a slow-down and it is the sme case with the construction sector as wll.

Ramesh Naik from Naik Navare Assciation, a property brokerage firm, explains tht oversupply of property, especially in the rsidential segment is adding to this trnd. "Most of the construction projects are in thir initial phases. Hence, the property dvelopers are in a hurry to sll their projects. The projects are prced comfortably. And the developers are lring home seekers with gifts and rbates. Some property developers are offering rduced Equated Monthly Installments (EMIs) and sme are wavering parking fees for husing units," says Naik. He adds tht many transactions are happening the ctually figures are difficult to compute.

The article Property Prices Cool Off in Pune was Submitted by George Gonigal through Articles.GetACoder.com network. Here's the additional information: For more details on Pune Properties , log on to magicbricks.com George Gonigal provides you the best and latest information on India Real Estate. If you want Pune Builders, he suggests you log on to http://www.magicbricks.com

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