The second largest city of Maharashtra, Pune enjoys pleasant climate the whole year round, has high-grade educational institutions, greenery, safe residential localities, growing IT job opportunities and close proximity to tourist spots like Lonavala and Pavana lake.
These are all elements that make it a winning real estate destination. However, there is one more factor that is drawing people to consider investing in Pune’s real estate market—its affordability.
If you are someone looking for a well-designed, fully-furnished, cosy, 1BHK flat in Pune, you can get one without having to save endlessly. For instance, located in Hinjewadi, Joyville by Shapoorji Pallonji offers you affordable 1BHK apartments starting at Rs.40 lakh only.
There are plenty of other cost-effective properties in Pune too, so to narrow down on a pocket-friendly 1 BHK flat in Pune quickly, here are the top 3 localities you should consider.
Located in east Pune, Hadapsar has gone from being a small village to becoming a developed locality with SEZs and industrial estates where top employment hubs include SP Infocity and Hadapsar Industrial Area.
There are plenty of educational opportunities here as well with colleges like JSPM’s Jayawantrao Sawant College of Engineering and Magarpatta City Institute of Management and Technology. Staying in Hadapsar will keep in close proximity to hospitals and shopping centres too.
You also enjoy good roads, connectivity via NH-65, and easy access to the railway station and airport. A 1BHK flat here will cost you Rs.33 lakh on average, and some of the properties to look out for include BK Chavan Sunshine and Dreams Aakruti.
Hinjewadi is known for being a location that provides affordable 1BHK flats in Pune. In close proximity to Mumbai, it helps you be part of the IT revolution in the city as leading players like Wipro, Cognizant, and Infosys have set up shop here, with Rajiv Gandhi InfoTech Park being a key employment hub here.
There are plenty of quality educational and healthcare facilities as well, like the Mercedes-Benz International School and Ruby Hall Clinic. Important roads running through Hinjewadi are Hinjewadi road and Mumbai-Bengaluru Highway.
Bus and rail services can be availed of at Pimpri, and a half hour’s drive will take you to Pune airport, making it a great location from a connectivity standpoint. Some affordable properties to consider here are Shapoorji Pallonji’s Joyville and Achalare Realtor’s Citrine.
This is a good locality to stay at if you want to enjoy both the IT boom in Pune and lush surroundings. Baner enjoys smooth connectivity thanks to important road networks like the Mumbai-Pune Expressway, the Mumbai-Bengaluru Highway and the Katraj-Dehu Rd Bypass (NH4).
Pune University lies within 5km of Baner and staying here gives you access to other necessities like healthcare and shopping facilities as well. If you love the outdoors, you can also trek to Baner hill.
Though this locality boasts of many luxury projects, it has multiple affordable options as well, such as Niche Elysia and Kundan Freshia.
Now that you know where to look for an affordable 1BHK flat in Pune, grab hold of the finances required by making use of a home loan by Bajaj Housing Finance Limited. Here you not only get a high-value loan running up to Rs. 3.5 crore but also benefit from property search assistance and property dossier.
This way you are aware of the latest developments in properties in Pune like Joyville, Hinjewadi. Repayment of the loan is easy too as you get an economical interest rate, a flexible tenor of up to 20 years, and features like zero foreclosure and prepayment fees.
As you start the process, expedite getting finances by checking your pre-approved home loan offer. One-step verification will give you instant access to a range of customised deals.