Indapur, a rapidly developing town in the Pune district of Maharashtra, India, is located about 120 kilometre from Pune city. Well-connected to major highways and public transportation networks, Indapur is known for its agricultural heritage and rich cultural traditions. In recent years, the town has emerged as a promising investment destination due to its affordable housing options, improving infrastructure and proximity to Pune city.
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What are ready reckoner rates?
Ready reckoner rates, also known as circle rates or guidance values, represent the minimum prices at which properties can be registered in a particular locality. These minimum prices, established by the state government and periodically adjusted to reflect market trends, serve as a benchmark for determining stamp duty and registration fees. While circle rates typically lag behind the actual market prices, they provide a transparent and predictable framework for property transactions, ensuring a regulated market environment.
Ready reckoner rates in Indapur
The Maharashtra government has classified properties in Indapur into four categories, ranging from A to D, to standardise and harmonise the property registration process across the town. The most affluent neighbourhoods in Indapur fall under Category A, whereas Category D includes areas with the lowest property values. Indapur falls into Category C of the Maharashtra government’s property classification system. This means that Indapur is considered an area with moderately high property values, compared to other areas in Pune district. The ready reckoner rate for Indapur is Rs 2,500 per square foot.
| Ready reckoner rate per square metre | Residential rate per square metre | Commercial rate per square metre |
| Rs. 2,500 | Rs. 18,600 | Rs. 21,000 |
How to check ready reckoner rates in Indapur?
One of the ways to check ready reckoner rates is to visit the official Maharashtra government website:
- Visit https://igrmaharashtra.gov.in/ for registration and stamp duty
- Click on the “e-ASR” tab under the “Online Services” section on the home page.
- Select “Indapur” from the “District” drop-down menu.
- Select the appropriate “Deed Name” and “Sub-Deed Name” from the respective drop-down menus.
- Enter the property details, including property type, sub-property type, consideration amount, and gender of the party.
- Click on the “Calculate Ready Reckoner Rate” button.
- The system will display the applicable ready reckoner rate for the selected property type and location.
Factors influencing property prices in Indapur
Several factors contribute to property prices in Indapur, including:
| Factor | Description |
| Location | Indapur’s strategic location near Pune city, a major IT and manufacturing hub, makes it an attractive option for commuters and professionals seeking affordable housing options away from the city’s bustle. |
| Connectivity | Indapur is well-connected to Pune city via a network of highways, including the Pune-Solapur Road and the National Highway 9. The town is also served by the Indian Railways, with the Indapur Railway Station providing direct access to Pune city’s railway stations. |
| Infrastructure | Indapur has witnessed significant improvements in its infrastructure in recent years, with the development of new roads, bridges, and public transportation facilities. This improving infrastructure enhances the town’s appeal for residents and investors alike |
| Demand | Indapur’s affordable housing options and proximity to Pune city have fueled a growing demand for residential properties in the town. This increasing demand is driving up property prices in Indapur. |
Real estate trends in Indapur, Pune
Indapur has emerged as a promising investment destination in recent years, offering a blend of affordability, connectivity, and a vibrant lifestyle. The town’s proximity to Pune city, improving infrastructure, and growing population make it an attractive option for both homebuyers and investors.
Location and connectivity
- Indapur is strategically located near Pune city, making it an ideal choice for working professionals and students seeking affordable housing options without sacrificing connectivity.
- The town is well-connected to Pune city via a network of highways, including the Pune-Solapur Road and the National Highway 9.
- The town is also served by the Indian Railways, with the Indapur Railway Station providing direct access to Pune city’s railway stations. This excellent connectivity makes it easy for residents to commute to Pune city for work or leisure.
Residential properties
- Indapur primarily comprises builder floors and apartments, with independent houses constituting a smaller portion of the housing market.
- The capital values of residential properties in Indapur have witnessed significant appreciation over the past few years. The average property price in Indapur is around Rs 2,500 per square foot, as of November 2023.
- Indapur offers a wide range of residential options to suit different budgets and preferences. There are affordable flats available for first-time homebuyers, as well as luxury apartments and penthouses for those seeking a more upscale lifestyle.
Commercial properties
- While predominantly a residential area, Indapur has also experienced notable developments in the commercial sector.
- The town has witnessed an increase in the number of shopping malls, and a few hotels have been established as well.
- Sector 1 serves as a significant commercial area housing malls like Nisarg Plaza and Chaitanya Plaza. The main market of Indapur is in the heart of the old town, and it is a lively place with a variety of shops, restaurants, and cafes.
Why invest in Indapur?
Indapur offers several investment opportunities for those seeking to gain a foothold in the real estate market of Pune city. The town’s affordable housing options, improving infrastructure, and proximity to Pune city make it an attractive option for both short-term and long-term investments.
Short-term investments
- Rental Properties: Indapur’s growing population and strong demand for rental properties make it an ideal location for short-term investments. Investors can buy properties in Indapur and rent them out to tenants, generating rental income.
- Resale Properties: Indapur’s property prices have been steadily appreciating, making it an attractive option for resale investments. Investors can buy properties in Indapur and sell them after a few years to profit from the capital appreciation.
Long-term investments
- Builder Floors and Apartments: Indapur’s growing population and demand for housing are driving the demand for builder floors and apartments. Investors can invest in these properties and expect them to appreciate in value over the long term.
- Independent Houses: While independent houses are a smaller portion of the Indapur housing market, they offer higher rental income and capital appreciation potential than apartments. Investors who are looking for a more stable and profitable investment may consider investing in independent houses.
FAQs
What is Indapur famous for?
Indapur is famous for its agricultural heritage, rich cultural traditions, and proximity to Pune.
What is the language spoken in Indapur?
The main language spoken in Indapur is Marathi. However, Hindi and Urdu are also spoken by some people.
What is the pin code of Indapur SDH?
The pin code of Indapur SDH is 413106.
How can I get to Indapur?
Indapur is well connected by road and rail. The nearest airport is Pune Airport, which is about 120 kilometres away.
What is the population of Indapur Nagar Parishad?
The population of Indapur Nagar Parishad is 37,413.
What is the economy of Indapur?
The economy of Indapur is primarily based on agriculture. The main crops grown in the area are sugarcane, grapes, and wheat. There is also some light industry in Indapur, such as sugar mills and textile factories.
What is the climate of Indapur?
Indapur has a hot and dry climate with an average temperature of 28 degrees Celsius. The summers are long and hot, while the winters are short and mild. The rainfall is sparse and falls mainly during the monsoon season.
| 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 |
