How is Lohegaon for Investment?

Do you intend to purchase a house in Lohegaon, Pune? I will tell you all about Lohegaon Pune property rates through my own sister’s story. My sister lived in Pune for the past 15 years with her family, and although they already had a house there, she and her husband wanted to purchase a second apartment close to the airport.

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During their research they found out that many Lohegaon houses were available for sale, with average prices of Rs 4,350 per square foot. In the area, there were more than 90 projects for sale, with prices varying from Rs 15 lakh to Rs 1.50 crore based on the location of the home, the developer's reputation, and the amenities offered within the housing project.

How is Lohegaon for investment?

In addition to the airport, Lohegaon has good access to other cities via public transportation. In terms of social infrastructure, there are now a tonne of restaurants, schools, and hospitals in the area. As a result, developers have created projects that emphasise the significance of the site. Residents of Lohegaon have access to some of the most famous institutions, shopping malls, and employment districts in Viman Nagar, Kalyani Nagar, and Kharadi within a distance of 12 kilometres.

Many apartments are furnished with amenities like amphitheatres, party lawns, piped gas systems, rainwater harvesting systems, firefighting systems, solar water heating, etc. in places like the Dhanori-Lohegaon area. What was once a peaceful neighbourhood has now become a busy real estate market for many.

Properties in Lohegaon pune

Due to its rising popularity, you should exercise caution when choosing a developer brand. A developer who falsified signatures on a development design has come to light in a case, in which the forgers, according to the police, appeared to want to submit the plan to the Pune Metropolitan Region Development Authority (PMRDA) by pretending that the gram panchayat had approved the construction location. 

Therefore, exercise caution when investing and do your homework. Visiting the Maharashtra Real Estate Regulatory Authority's (RERA) portal and confirming if the project you are investing in, is RERA registered or not is another action that may be taken in this regard.

The good news in Lohegaon pune

Commute: There will be more international departures from the Lohegaon airport. This indicates that there is potential for both a growth in passenger traffic and in the number of visitors to this region. As a result, the hospitality business as well as short-term rental housing will rise.

Rental returns: There are plenty of rental homes in Lohegaon. Depending on a number of quality parameters, these might bring in anywhere from Rs 8,000 to 20,000 per month. 

Price appreciation: What was worth Rs 3,814 per square foot in April 2013 is now worth Rs 4,357 per square foot. Project values may increase or decrease depending on a number of variables, but statistics show that property values are steadily increasing as a result of growing social infrastructure. A 3BHK apartment costs, on average, Rs 75 lakh.

This is all you need to know about Lohegaon Pune property rates if you are planning to invest in Lohegaon, Pune.