Viman Nagar, Pune, stands out as a bustling residential and commercial hub, celebrated for its prime location near the Lohegaon Airport. Its robust infrastructure offers a mix of housing options, from high-rise apartments to independent bungalows, catering to diverse needs. March witnessed notable transactions with VNSVL Shubh Nirvana Phase 1 and Rohan Mithila leading sales. The market appeals to varied budgets, with prices ranging from INR 11.5 Lakhs to INR 3.17 crores. Apartment sizes vary, ensuring suitability for families and individuals alike. Average prices per square foot hover around INR 12,029, attracting buyers from different segments. Viman Nagar's allure lies in its balance of affordability, luxury, and convenience, solidifying its status as a sought-after real estate destination.
Viman Nagar is a prominent residential and commercial hub located in the heart of Pune, Maharashtra. Known for its close proximity to the Lohegaon Airport, this locality offers a perfect blend of urban living and connectivity. Viman Nagar boasts a well-developed infrastructure with a range of housing options, including high-rise apartments, gated communities, and independent bungalows. The area is also home to several reputed educational institutions, hospitals, malls, and recreational facilities, making it a self-sufficient neighborhood. With its strategic location and excellent transport links, Viman Nagar has emerged as a coveted destination for both residents and businesses alike.
In March, VNSVL Shubh Nirvana Phase 1 and Rohan Mithila emerged as the top-selling buildings, closing 6 deals each. Hometel Neon followed closely with 4 deals, while Marvel Piazza, Ganga Hamlet, and Oxy Beaumonde contributed 3 deals each across 17 buildings. About 50% of the transactions were resale transactions and 41% of the transactions were developer sales.Viman Nagar caters to diverse budgets and preferences. On the high end, a luxurious apartment in Marvel Piazza commanded a price tag of INR 3.17 crores, attracting luxury homebuyers. Conversely, a budget-friendly option in Karia Konark Nagar Phase 1 was available for just INR 11.5 Lakhs, providing an excellent opportunity for value-conscious buyers.
The apartment sizes varied greatly, with the largest unit spanning 2,025 square feet in Ganga Hamlet and the smallest being 282 square feet in Hometel Neon. This versatility ensures that Viman Nagar caters to everyone, from families seeking spacious homes to individuals preferring compact living spaces.
Prices per square foot in Viman Nagar ranged from INR 1,416 to INR 20,514, with an average of around INR 12,029. Most apartments sold were in the coveted 500 to 1,000 square feet range. However, close to 20% were below 500 square feet, and around 40% crossed 1,000 square feet, reflecting diverse space requirements. Close to 50% of the apartments sold in March fell within the INR 1 crore range, catering to a large segment of homebuyers. However, the area also caters to luxury buyers, with about 40% of apartments priced between INR 1 crore and INR 2 crores. Additionally, 5 flats were sold above INR 2 crore, with 1 flat exceeding INR 3 crores.
As March ended, Viman Nagar emerged as a real estate hotspot, offering a harmonious blend of affordability, luxury, and versatility. With its modern amenities, excellent connectivity, and diverse range of properties, this area has something for everyone seeking a comfortable and convenient lifestyle.
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