The demand for properties in Pune has been strong even amidst the sluggish real estate market. As professionals prefer homes near their offices, areas like Ravet have been a gold mine for both homebuyers and developers. Proximity to Pimpri Chinchwad Industrial Zone and Hinjewadi IT hub coupled with good civic infrastructure has helped Ravet climb the realty growth ladder.
Did You Know?
Ravet is one of the few locations in Pune that has a market across the board ranging from affordable to premium real estate.
Commute
Ravet is well connected to all parts of Pune including the Mumbai-Pune Expressway. Other roads interconnecting the locality include the Wakad Road, Kalewadi Main Road as well as the Spine Road.
Bus services serve by PMPML link Ravet to adjoining areas. The rapid transport service offers easy access to Aundh and linking it to other parts of Pune.
Lifestyle
Ravet is emerging as one of the popular real estate destinations owing to its good civic and social infrastructure. Wide roads and good connectivity drive demand for both affordable as well as luxury projects. Further, the presence of various upscale and budget malls like One Mall, City One Mall, Sai Paradise, D-Mart underline the location’s pan economic presence.
Eating Out
The locality has good cuisine options owing to its cosmopolitan residential base of professional IT workers. Hotels and restaurants are in abundance in Ravet and its adjoining areas of Nigdi, Pimpri, and Chinchwad.
Top Projects
Schools/Educational Institutions
- S B Patil Public School
- Govt School, Ravet
- EuroKids
- Hello Kids-Explorer
- Shreevardhanam School
Hospitals
- Dharaskar Hospital
- Jui Hospital, Ravet
- Vankatesh Hospital
- Varad Hospital
- Unique Multispeciality Hospital
The Real Estate Market
The real estate market has been buzzing with activity as Ravet offers properties in all budget segments. Prices have seen an average appreciation of around 20% in the last five years. On average, the property rates are in the range of Rs 4,587-6,516 per sq. ft.
What to Expect
With improving infrastructure, Ravet evolves as a good option for both end-users as well as investors. The healthy rental market, especially for 2BHK apartments, is an asset for investors looking to earn good ROI.