Bhosari, previously known as Bhojapur, is a Pune suburb known for cultural and sports activities. The 2,000-year-old Artist temple and Artist Mahal are famous monuments here. Falling under the Pimpri Chinchwad jurisdiction, Bhosari is known for wrestling champions in India. The area enjoys good connectivity with Chinchwad, Nigdi, Akurdi, and Talawade.
See also: Circle rates in Shivaji Nagar, Pune
What is circle rate?
It is the minimum value that an immobile property can command. It is also known by other names, such as ready reckoner rates, guideline rates, guidance value, etc. Using this value, one can calculate the taxes that should be paid to the government when purchasing a property in the form of stamp duty, and registration charges.
Factors on which the circle rate depends:
- Location
- Connectivity
- Infrastructural developments and upcoming projects
- Types of property
- Usage of property
- Amenities
- Market demand
How to check the ready reckoner rate on the IGR Maharashtra website?
- Login to the IGR Maharashtra website at https://igrmaharashtra.gov.in/Home.
- Click on e-ASR below the stamps section.
- Click on the e-ASR 1.9 version and you will reach here.
- Click Pune on the map. Select Taluka, and village and you will find the required RR rates.
Bhosari circle rates
| Locality | Residential | Commercial |
| Bhosari | Rs 40,770 – Rs 52,090 | Rs 43,380 – Rs 53,030 |
Bhosari: Location and connectivity
The industrial town of Bhosari enjoys excellent connectivity with different parts of Pune. The National Highway-60 (NH-60) passes through Bhosari.
Bhosari commercial properties
The Bhosari Maharashtra Industrial Development Corporation is the largest industrial area here, having companies like Tata Motors, Philips, Thermax, Century Enka etc.
Why should you invest in properties in Bhosari?
Bhosari has open lands. Its residential and industrial areas are in the Pimpri Chinchwad region. This area witnessed an increased real estate activity in the past decade.
It has under-construction residential projects from reputed developers and will change the face of the locality once developed. The area offers an array of options — plots, residential homes, multi-storey apartments, etc. The rental yield is very competitive as compared to other markets, favouring it for investment.
Residential prices in Bhosari
According to Housing.com, the average price for buying an apartment in Bhosari is Rs 6,288 with price range between Rs 1,333 and Rs 15,000 per sqft. If you are looking at renting a property here, the average rent is Rs 10,907, with price range between Rs 5,000 and Rs 30,000.
FAQs
What is the circle rate in Maharashtra known as?
Ready reckoner rate is another name for circle rate in Maharashtra.
What is the formula to calculate the property value?
Property value = Build up area in square metres X circle rate for the locality per square metre (in Rs).
Where can you check the Annual Statement Rate (ASR) for an area in Maharashtra?
You can check the ready reckoner rate under the e-ASR tab listed on the IGR Maharashtra portal homepage.
Which city is Bhosari a part of?
Bhosari is a part of Pune.
Which are the neighbouring areas of Bhosari?
Bhosari is surrounded by Chinchwad, Nigdi, Akurdi, and Talawade.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
