Project Watch: Royals Cataleya, Pune

Ravet is an upcoming residential locality in Pune, which has recently  attracted real estate investment from a number of reputed developers. Royals Builders have joined the league with its new residential project in the locality named Royals Cataleya. The project specifically targets middle income group home buyers.

Let's explore more about the project:

The Product
Royals Cataleya is a premium residential project, where luxury meets comfort. It offers 88 units of 1BHK and 2BHK apartments. The super built up area of 1BHK ranges from 608 sq. ft. to 681 sq. ft. and for 2 BHK, it ranges from 861 sq. ft. to 942 sq. ft. The project comes to you with all modern and safe electrical specifications.

Amenities
A few amenities offered by the project are:
1) Children's play area
2) Club house
3) Power backup
4) Indoor games
5) Car parking
 
Location
Royals Cataleya is located in Ravet in the northwest of Pune city. The area is in close proximity to the Mumbai–Pune Bypass road. The nearest landmark is BK Birla Centre For Education, 7.4 kms away from Ravet.

Some of the locational advantages of the project are:
1) Ravet is equidistant from Hinjenwadi IT hub and Pimpri Chinchwad IT hub, so buying home in the locality is the first preference of professionals working in Pune.
2) Weekends in Ravet are promising, as famous holiday destinations Khandala and Lonavala are just a drive away from here.
3) Ravet is linked to all major localities of Pune by NH-4 and Katraj Dehu bypass road.

The Builder
Royal Group of developers is one of the upcoming real estate developers in Pune. The group has an experience of more than 10 years in building residential and commercial properties. The company lays importance on site selection, smart planning and innovation in architecture. The key projects of the group include Royals Ganga and Royals Cataleya.

Infrastructure and Future Prospects
Ravet is one of the promising upcoming residential localities of Pune's realty market. As the prices of property in Pune are rising steadily, developers are moving to Ravet to meet the demand of affordable homes with their residential projects.
Ravet is located at the confluence of old NH4, Mumbai–Pune Expressway and Katraj-Dehu bypass road. Being in close proximity to Hinjenwadi IT hub and Pimpri Chinchwad IT hub, Ravet has of late seen a spurt in residential townships. For smooth connectivity to key areas of Pune, a four-lane Bus Rapid Transport has also been launched under the Jawahar Lal Nehru Urban Renewal Mission (JNNURM). One of the routes will be on the Aundh-Ravet road, running into 14.5 kms. 
The social infrastructure in Ravet is in a rapidly developing phase. The locality boats of several educational institutions such as Rajiv Gandhi Institute of Distance Education, SB Patil School and DY Patil Institute of Management Studies, among others. Healthcare providers in the area are the Aditya Birla hospital, Aastha hospital etc. The locality also has a good network of financial institutions.

Price Comparison
Royals Cataleya comes to you with an average apartment price of Rs. 4,061 sq. ft., which is lower than the average apartment price of Rs. 4,530 sq. ft. prevailing in the locality. 
Let us compare the average price of Cataleya with two other projects in Ravet: Mohisha Realtors Puro Homes and Imperal Alassio Residency. Puro Homes comes with an average apartment price of Rs. 4,200 sq. ft. and offers 1BHK and 2BHK apartments with an average size of 740 sq. ft. and Alssio Residency comes with an average apartment price of Rs. 4,300 sq. ft.  with an average size of 740 sq. ft. In comparison, Cataleya has an average apartment size of 774 sq. ft. and is accordingly priced lower than the other two projects. Thus, it offers greater apartment size at a lower rate. 

PropTiger's Rating

Overall Recommendation
Ravet has witnessed a price appreciation of nearly 40 % in the last 2 years and is one of the most promising upcoming residential localities in Pune. Given the fact that prices of property in Pune are going up by the day, Ravet is attracting large sum of investments from developers and local authorities to meet the demand of affordable homes. Therefore, Royal Cataleya in Ravet with bigger apartments at a lower than market rates is a lucrative deal for both investors and end users.