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.
Related News Articles
Unlocking Opportunities in the Real Estate Insurance Market: Trends, Insights, and Projections
Discover the latest trends, challenges, and opportunities in the real estate insurance market, featuring key players, regional analysis, and market segmentation.
Pune Real Estate Market Sees 50% Jump in Registered Transactions, Average Home Price Reaches Record High
The number of real estate transactions in Pune has increased significantly, with registered transactions surging by 50% in the April-June 2024 quarter.
Haryana and Jammu & Kashmir Assembly Election Dates Announced by EC; Results to be Declared on October 4
The Election Commission of India has announced the dates for the Haryana and Jammu & Kashmir assembly elections. The polls will be held in a single phase on October 21, and the results will be declared on October 4.
Century Textiles Acquires 10-Acre Land in Mumbai for ₹1100 Crore, Expects ₹14,000 Crore in Revenue
Century Textiles plans to develop the land through its real estate subsidiary Birla Estates, expecting ₹14,000 crore in revenue from the project.
Virgo Daily Horoscope for September 14, 2024: A Temporary Setback in Assets and Real Estate Deals
Be cautious with real estate deals today, as a temporary decline in assets may occur. However, this setback will be short-lived.
DLF Q2 Earnings Skyrocket: Net Profit Surges to ₹1381 Crore
DLF, India's leading real estate firm in terms of market capitalization, has reported a remarkable surge in its Q2 net profit, jumping over twofold to ₹1381 crore. The company, primarily engaged in the development and sale of residential and commercial pr