Demand Higher For 2 Bhk

Apartments In Viman Nagar,

Pune
Viman Nagar which is located about 9 km from
the heart of Pune, along its eastern corridor is a
prime residential destination in the city. Its
proximity to IT hubs as well as many other
important facilities has resulted in the area being
appealing to both endusers as well as in!estors.
"ased on the data listed with #ommon$loor, it
has been obser!ed that the demand for % "&'
apartments is higher in Viman Nagar compared
to other unit types, closely followed by ( "&'
units.
The figure gi!en depicts the representation for different types of "&' units in Viman
Nagar. )mong all the apartments that ha!e been listed for sale with #ommon$loor,
*% per cent comprises % "&' units, closely followed by ( "&' units with (+ per
cent. , "&' units comprise ,( per cent of the total units while - per cent comprise
others. This trend for increase in demand for 2 BHK apartments in Viman Nagar
can be attributed to the presence of nuclear families as well as due to the prices of
larger units being on the higher side. The relati!ely higher demand for both % and (
"&' apartments can be attributed to the predominantly higher disposable incomes
earned by its residents.
Advantages
"eing a prominent IT hub, the demand for residential accommodation in Viman
Nagar is considerably higher, particularly among IT professionals working in the
area. &a!ing deri!ed its name from an )ir force campus located in the !icinity, one
of its important ad!antages is its proximity to the Pune International airport
located .ust about % km away. It is well connected to the heart of the city and other
areas along the eastern corridor through the /amrat )shok 0oad. 1ther prominent
landmarks in the area are the )ir force /chool, the /ymbiosys #enter for
2anagement /tudies, the &yatt 0egency, $our Points by /heraton, 3ogger4s Park and
Phoenix 2arket #ity, among others.
Realty !enario and Developers
There are many important residential pockets in Viman Nagar that include MHADA
Colony, Konark Nagar and Sakore Nagar, among others. /ome of the important
completed apartment pro.ects here are "handari )ura by "handari )ssociates,
Nandan )stra by Nandan "uildcon and &ori5on )ster Trinity by &ori5on 6e!elopers,
among others. There are also many upcoming apartment pro.ects like )lliance
Nisarg 7eela by )lliance 8roup, 7odha "elmondo by 7odha 8roup and 'asturi 9on
&omes by 'asturi &ousing, among others.
)s per #ommon$loor data, the a!erage residential property !alues in Viman Nagar
in :% %;,* was about 0s -,%<; per s=.ft., with a depreciation of about % per cent
compared to the pre!ious =uarter. )partment !alues for % "&' units here between
,;;; ans ,<;; s=.ft. ranges between 0s -< lakh and ,.% crore. $or ( "&' units
between ,<;; and (;; s=.ft. the !alues range between 0s 9; lakh and ,.< crore.
Future Prospe!ts
There is expected to be a steady demand for both % as well as 3 BHK apartments
in Viman Nagar. 9!en though the prices may !ary slightly in the short run, there is
expected to appreciation in !alues in the long run due to the !arious benefits that
the area offers. "oth endusers as well as in!estors are expected to benefit from
in!esting in the area.
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