Ravet, Pune's Emerging Real Estate Hub: Trends, Prices, and Growth Prospects
Discover the latest real estate trends, apartment sizes, prices, and top players in Ravet, Pune's sought-after suburb.
RavetPuneReal EstateApartmentsHousing OptionsInfrastructure DevelopmentReal EstateJul 10, 2024
Apartment sizes in Ravet range from 336 to 698 square feet, with prices averaging around INR 8,258 per square foot. The area continues to grow, balancing urban conveniences with a peaceful environment, making it a sought-after destination for homebuyers and investors.\n\nRavet's infrastructure is steadily developing, with new educational institutions, healthcare facilities, and commercial establishments emerging.
The locality presents a balance between urban conveniences and a relatively peaceful environment, drawing many homebuyers and investors. Developer sales transactions led the way in June, closing 65% of the deals, while resale transactions accounted for 35%. On the high end, an apartment in Palm Springs was sold for INR 71.7 lakhs, while a value-friendly option in Vrundavan Residency was available for close to INR 33 lakhs.\n\nThe apartment sizes varied greatly, catering to a wide range of buyer preferences. Prices per square foot in Ravet ranged from INR 5,682 to as high as INR 12,500, with an average of around INR 8,258.
Most apartments sold were in the coveted 500 - 1,000 square feet range, contributing 76% of the total sales. With ongoing infrastructure development and diverse housing choices, Ravet remains an attractive destination for both homebuyers and investors, offering a promising real estate landscape.
Frequently Asked Questions
What is the average price per square foot in Ravet, Pune?
The average price per square foot in Ravet, Pune is around INR 8,258.
Which developer led the real estate activity in Ravet, Pune in June?
Om Yashodham led the real estate activity in Ravet, Pune in June with five deals.
What is the range of apartment sizes available in Ravet, Pune?
The apartment sizes in Ravet, Pune range from 336 to 698 square feet.
What is the proximity of Ravet, Pune to major IT hubs?
Ravet, Pune is proximal to the Hinjewadi IT Park and the Pune-Mumbai Expressway.
What is the growth prospect of Ravet, Pune's real estate market?
Ravet, Pune's real estate market continues to grow, balancing urban conveniences with a peaceful environment, making it a sought-after destination for homebuyers and investors.
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