[ecis2016.org] Affordable property prices across all segments of housing, coupled with good infrastructure and connectivity, have made Talegaon a sought-after market for various property seekers
There could be various reasons for buying a house – it could be for end-use, for investment, for use as a second home, etc. Not every location may be suitable for all such purposes. For example, one can buy a property in Mumbai for investment or living. However, it may be a costly destination for a second home. The same rule applies to developed locations like Pune, Bengaluru, Hyderabad and Delhi. However, there are some emerging real estate destinations that offer options for all types of home buyers. Talegaon is one such destination that has a mix of affordable, semi-affordable and luxury projects.
You are reading: Talegaon: An emerging property market that caters to all segments
Talegaon: A complete package 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 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.
Connectivity and infrastructure development in Talegaon
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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.
[ecis2016.org] Talegaon: An attractive destination for second homes, near Mumbai and Pune
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
Check out property prices in Talegaon
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.
Talegaon property market: Biggest USPs
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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.
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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 home buyers from all segments.
Check out properties for sale in Talegaon
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