Pune has four of the 13 hottest investment spots in India

Four of the 13 hottest investment locations in India are from Pune -- Hinjewadi, Tathawade, Ravet and Wakad – according to a first-of-its-kind report prepared by Knight Frank, a real estate advisory firm. The report gave a list of hot investment locations across the country along with an estimate of their appreciation over five years.
As per the report, Hinjewadi will witness almost 100% appreciation over the next five years and reach the highest in Pune. The report adds that the present average market rate of Hinjewadi is Rs4,000 per sq ft and over the next five years, it will be almost Rs8,000 per sq ft - an appreciation of 100%. Tathawade will go from its current Rs4,300 per sq ft to Rs8,500 per sq ft (appreciation of 98%). The average price in Ravet is Rs3,950 per sq ft and will reach Rs7,800 per sq ft (appreciation of 97%) over five years. Wakad has average market rate of Rs4,600 per sq ft and will go up to Rs8,600 per sq ft (appreciation of 91%) over next five years.
“Pune’s market is driven by the information technology and generation of huge number of jobs. Many companies are recruiting people and some of them have announced their expansion plans. That will generate umpteen number of houses resulting in a price rise,” said Lalit Kumar Jain, president of CREDAI.
According to the survey, performance of IT and ITeS industry will have a major bearing on the real estate market in cities like Pune, Bengaluru and Chennai.
However, a real estate expert, Atul Nemade said people should not go by agency reports. “The report may be biased. People should be cautious while putting their hard-earned money. Before buying the property, people should physically visit the place and do his/ her own assessment and see the pros and cons of the location. Then only can they go ahead and put the money,” he warned.
In Mumbai, Ulwe, Wadala and Chembur will witness price appreciation of 145 %, 133 % and 125 % respectively. Noida Extension and Dwarka Expressway in Delhi-NCR will see an appreciation of 111 per cent and 108 per cent respectively. In Chennai’s Medavakkam, prices are expected to appreciate by 103 %from the current Rs3,800 per sq ft while prices in Pallikarni could rise by 93 %.
Hebbal and KR Puram in Bengaluru will see an increase in prices by 94 per cent and 91 per cent respectively, the report said.