Pune Ring Road delays will kill appreciation
Since last Diwali, I've been seriously looking to downsize. Kids have moved out, so don't need such a big place anymore. My existing property ka resale kar ke, I want something manageable, maybe a 2BHK in Pune, near a good hospital. Dekh raha hoon Kirkatwadi side, near the proposed Ring Road. Builders like Kolte-Patil aur Godrej Properties ke projects dekhe hain, but prices are already so high, around ₹75L for a 2BHK. Everyone says Pune Ring Road aur Metro se areas like Kirkatwadi mein appreciation hoga. But yaar, yeh projects kab poore honge? Metro ka toh pata nahi, Ring Road ki timeline kitni realistic hai? Suna hai Purandar Airport bhi proposed hai, but uski bhi uncertainty hai. What if delays happen? Then my investment will be stuck. Is it really worth buying now based on future infra, ya wait karna chahiye? Any experiences with infra-led price hikes or delays in Pune?
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It's a tough call, OP. On one hand, yes, future infrastructure always drives prices up eventually. Look at areas around Hinjewadi when IT parks came up – prices shot through the roof. But delays are a real factor, especially with large-scale government projects like the Ring Road and Purandar Airport. Kolte-Patil and Godrej are reputed, but even they can't control government timelines. My advice would be to factor in a 2-3 year delay into your calculations. If you're okay with that, and the price still makes sense for your downsizing goal, then go for it. Otherwise, waiting for more concrete progress might save you some anxiety.
U9, exit strategy is difficult with real estate, especially if you're looking for quick appreciation. My suggestion would be to focus on the livability aspect first. Is the 2BHK good for you *now*? Does it meet your hospital proximity requirement? If yes, then any appreciation from infra is a bonus. Don't purely bank on future promises for your primary decision.
U8, that's a very practical way to look at it. But what if the delays are even longer? Like 5-7 years? Then what's the exit strategy?
Meri toh alag hi kahani hai. I bought a 3BHK on Sinhagad Road five years ago, hoping for the Metro line to come up there soon. Builder ne bola tha 3 saal mein station ready. Abhi bhi kaam chal raha hai. My property value has gone up, no doubt, but not as much as I expected due to the 'Metro effect'. Capital appreciation toh hua hai, but ROI on the infra promise is still pending. So, I understand your dilemma completely. Future infra par pura depend karna thoda scary ho sakta hai.
Dekho, delays hote hain, but Pune mein infra projects usually complete toh hote hi hain. Metro ka example le lo, phase 1 finally operational hai. Ring Road bhi banega hi. Current market conditions mein demand high hai, so if you wait, prices might just go up further. It's a calculated risk.
U5, RERA par directly Ring Road ka status nahi milega, that's a government project. But as per PMC/PMRA updates, land acquisition itself is a huge hurdle. Kuch sections mein toh kaam shuru bhi nahi hua hai. Phase 1 ka target 2027 hai, but sources say 2030 tak bhi ja sakta hai. So yes, significant delays are expected, which is what OP is worried about.
Sahi keh rahe ho, U4. But Ring Road ki progress reports kya kehti hain? RERA par kuch official updates hain kya?
Same thoughts! Kirkatwadi aur Ambegaon Budruk mein builders ne prices inflate kar diye hain just on Ring Road promise. Bahut risky lagta hai.
Totally agree with you, bhai. Yeh infra projects ka toh bharosa hi nahi. I was looking at a plot near Kirkatwadi two years back, thinking the Ring Road will boost prices. Abhi tak toh construction site par sirf boards hi lage hain. My agent kept pushing for 'future appreciation' but I backed out. Lucky for me, I guess.
U1, exactly! My brother bought a flat in Akurdi expecting the Dehu Road-Katraj bypass to ease traffic for his office commute, thinking it would also boost appreciation. The bypass improved things, but the Ring Road connecting to it is still years away. He's stuck with a property that appreciated decently but not spectacularly because the *major* promised infra is lagging. Kirkatwadi ka bhi wahi haal na ho jaye, that's my biggest fear. Builders always overpromise.