The growth of the plotting system in Pune
On the 13th of February 2024, Nitin Gupta, the Founder and Managing Director of Maestro Realtek, talked about how the system of dividing land into smaller plots is growing in Pune. Gupta is a hardworking and flexible professional with lots of experience in marketing, sales, and managing financial products and real estate for over 18 years. He has helped real estate developers and landowners by giving them smart ideas for selling, marketing, managing customer relationships, handling money flow, and designing projects. He’s also played a big part in making brands bigger and keeping customers happy.
What’s happening with the plots in Pune? Pune is the fourth most popular city in India for people who want to buy plots. Big developers are putting money into projects like these, making them a good choice for investors who want to buy land in Pune. These projects offer good chances to invest money because Pune’s IT and car industries are doing well. That’s leading to more roads, like the first part of the Pune metro being finished, new airports like Purandar airport coming soon, and new roads being built inside and outside the city. All of this makes Pune more attractive to people who want to invest.
But what about the farmers? Are they getting a fair deal for their land? Well, it seems like they are. The price of land near Pune changes based on how close it is to the city. Land about 100 kilometers away from Pune costs around 3 lakh per acre, but land just 20 kilometers away can cost up to 1 crore per acre. So, it looks like farmers are getting good prices for their land, especially as the city keeps growing.
What do people think about buying plots? People like buying plots in Pune because they have some advantages over apartments. Plots don’t lose value over time like apartments sometimes do, and they usually become more valuable as time goes on. Plus, with the stock market going up and down and gold prices being high, land seems like a safer investment with better returns in the short and medium term. And if you buy a plot near a big city like Pune, it’s likely to become even more valuable over time, so it’s a smart investment.
Why are builders and developers building more plotted projects? Well, because people want to land in the areas around Pune, builders, and developers are thinking about making more plots instead of big buildings. There’s not much land left in the main part of Pune, and land outside the city is cheaper and could become more valuable in the future. Places like Manjari, Hadapsar, Alandi Mahatobhchi, and Pirangut are becoming really popular for people who want to buy plots, which is catching the eye of investors and developers. Big developers getting into the plot business shows that the market is growing and there’s a lot of potential in Pune’s real estate market.
Disclaimer: The information provided by A2 Digital is for general informational purposes only.
Source: PunekarNews