Ravet, a developing suburb on the outskirts of Pune, has gained significant popularity due to its location and affordable housing options. This emerging locality offers a mix of high-rise apartments and gated communities, attracting a diverse population. Proximity to the Pune-Mumbai Expressway and the Hinjewadi IT Park makes it appealing to working professionals. In June, Om Yashodham led real estate activity with five deals, followed by Sonigara Presidency. 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.
Ravet is a developing suburb located on the outskirts of Pune, Maharashtra, at the junction of Pune and Pimpri-Chinchwad. This emerging locality has gained popularity in recent years due to its location and affordable housing options. Ravet offers a mix of residential complexes, including high-rise apartments and gated communities, catering to a diverse population. The area benefits from its proximity to the Pune-Mumbai Expressway and the Hinjewadi IT Park, making it an attractive destination for working professionals. While still developing its infrastructure, Ravet is seeing steady growth in terms of educational institutions, healthcare facilities, and commercial establishments. The locality presents a balance between urban conveniences and a relatively peaceful environment, drawing many homebuyers and investors.
In June, Om Yashodham emerged as the leader by closing five deals, the highest this month in Ravet. This was followed by the Sonigara Presidency, which closed three deals. Shantai Classic and Palm Springs registered two deals each, and the rest of the other five buildings registered a single deal each. Developer sales transactions led the way by closing 65% of the deals compared to the resale transactions, which managed to close 35% of the deals. On the high end, an apartment in Palm Springs was sold for INR 71.7 lakhs. Conversely, a value-friendly option in Vrundavan Residency was available for close to INR 33 lakhs, providing an excellent opportunity for price-conscious buyers.
The apartment sizes varied greatly, with the largest unit spanning 698 square feet in Palm Springs and the smallest being 336 square feet in Sonigara Presidency. This versatility ensures that Ravet caters to a wide range of buyer preferences, from families seeking spacious homes to individuals preferring compact living spaces. 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. The remaining 24% of the apartments were sold within 500 square feet. Close to 76% of the transactions in Ravet were between INR 25 - 50 lakhs. About 24% of the apartments were sold between INR 50 - 75 lakhs.
Ravet continues to grow as a sought-after suburb of Pune, blending strategic location with affordable housing options. The robust real estate activity in June, led by Om Yashodham and Sonigara Presidency, highlights the area's increasing appeal. With diverse housing choices and ongoing infrastructure development, Ravet remains an attractive destination for both homebuyers and investors.
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