What Makes Talegaon An Emerging Real Estate Destination For Homebuyers, Investors

These days investors are turning to residential properties to make returns profitable.  However, not every location may be suitable for investment purposes. For instance, Mumbai is a first home destination but not second-home destination because of its high cost. But cities like Pune, Bengaluru, Hyderabad and Delhi can be those destinations that offer options for all types of home buyers. Talegaon is one such emerging real estate market that has a numerable options in affordable, semi-affordable and luxury categories.

What makes Talegaon ideal for home buyers

“Talegaon has good connectivity with NH 4, which brings office hubs like Hinjewadi and Baner within a 20-30 minute ride. It provides excellent quality of life, due to the availability of good social infrastructure and medical care. Connectivity to Mumbai is easy, through the express highway connectivity that bypasses Pune city traffic,” shares Samantak Das, chief economist and head of research and REIS, JLL India.

Besides the good infrastructure support, Talegaon also has a stunning natural beauty to its credit. Located on the outskirts of Pune, it offers a lifestyle that is akin to one in the city but without the associated traffic jams or pollution. Talegaon is also within a 2 to 2.5-hour driving distance from Mumbai. So, property seekers who frequently travel to Pune or Mumbai, can get great value for money, by investing in flats for sale in Talegaon Dabhade.

How is the Connectivity and infrastructure development in Talegaon

Talegaon is connected by NH 48 to Mumbai and Pune. It has renowned schools and colleges and professional universities imparting higher degrees. BK Birla, Jain English Medium and DY Patil Polytechnic, are some of the educational institutes present in the area. Multi-specialty hospitals like Talegaon General Hospital and Pavna Hospital add value to the existing social infrastructure.

What are the Property price and demand-supply in Talegaon-Dabhade

	Q3 CY2018	Q4 CY2018	Q1 CY2019	Q2 CY2019	Q3 CY2019
Units launched	429	690	78	369	20
Units sold	604	633	473	490	441
Inventory as on September 2019	6,730
Weighted average base selling price (BSP) , as on September 2019	3,630
Number of available projects as on September 2019	199

Note: Analysis includes apartment and villas only

Source: PropTiger DataLabs September 2019

According to PropTiger DataLabs (September 2019) , the number of launched units has been consistently outpaced by the number of units sold in the previous five quarters, i.e., starting from Q3 of the calendar year (CY) 2018 to Q3 CY2019. The weighted average base selling price (BSP) as on September 2019 was Rs 3,630, which is quite attractive, compared to property rates in Pune and Mumbai.

What are the USPs of Talegaon property market: 

Talegaon has a pollution-free environment, which is often a concern in big cities. The location has everything that residents need, like hospitals, colleges, schools, banks, good roads, connectivity with big cities and excellent internet connectivity.

Some of the key benefits of buying a home in Talegaon are:

*It is an industrial hub for several companies and warehouses.

*It has robust social infrastructure.

*It is very well-connected with other parts of the state via NH 48.

*Quick connectivity with office hubs like Hinjewadi makes it an apt location.

“The presence of strong business and employment opportunities, are key factors for the growth of any residential market. Talegaon is close to the PCMC, Chakan and IT parks at Hinjewadi. Several companies are expected to open their offices in the region, soon. So, there is huge growth potential in the area. Property rates are also quite attractive in all segments, whether it is affordable housing or the luxury segment,” shared Raj Shah, director, Namrata Group.

Should you invest in a property for end-use or as a second home, at Talegaon?

High demand from end-users, often results in a rise in property rates and good rental income. Therefore, such locations offer excellent investment opportunities, as well. Talegaon is close to Hinjewadi and Wakad, where the residential markets are on the verge of saturation. The growth of commercial projects in Talegaon, especially office hubs and industrial and warehousing sectors, have generated excellent employment opportunities. Therefore, people are showing interest in properties in Talegaon. For people living in Pune or Mumbai, Talegaon also offers second home properties at very attractive prices, with great amenities, a pollution-free environment and excellent infrastructure. Talegaon, hence, is emerging as a sought-after location for homebuyers from all segments.

This article has been sourced from Housing,com News