Friends,
I wanted to make an investment in Pune; but the prices have appreciated a lot. I was just wondering whether it makes any sense to invest in a property now? We have seen prices going from 2500 to 5200 psf, but now if we enter at 5200 psf, how much appreciation can we expect? Places like Punavale, Dhanori, Wagholi...which are not even livable have started charging in the range of 3400-3900; Should I just take history of RE (prices would never correct, but would be stable)...and move on with the mad rush of investing?...or is it that I have really missed the bus? so maybe consider any other option of investments.
Note: I am already exhausted in terms of financial resources, will be shelling out my entire savings, doing all this in a hope that post retirement I would have something to make a living out of!
I wanted to make an investment in Pune; but the prices have appreciated a lot. I was just wondering whether it makes any sense to invest in a property now? We have seen prices going from 2500 to 5200 psf, but now if we enter at 5200 psf, how much appreciation can we expect? Places like Punavale, Dhanori, Wagholi...which are not even livable have started charging in the range of 3400-3900; Should I just take history of RE (prices would never correct, but would be stable)...and move on with the mad rush of investing?...or is it that I have really missed the bus? so maybe consider any other option of investments.
Note: I am already exhausted in terms of financial resources, will be shelling out my entire savings, doing all this in a hope that post retirement I would have something to make a living out of!