Review: Investment in Westport, Baner, Pune, Loss or Profit

Pune

CPR Ratings

As per Location
The Baner Lifespaces Westport is situated on the Pancard Club Road, Baner, Pune, Maharashtra. It’s a 2-side open corner property with maximum visibility.

Mumbai Pune Expressway is just 10-minutes distance from Westport. Pune airport is just 19-Km  away from Westport. The Westport is properly connected with the main points of Baner & Pune City. The Westport is in the center of several posh residential colonies.

The Westport is properly visible and walkable to nearby residents and easily accessible to several high-rise residential societies. The project is very well connected to multiple public transportation facilities and other civic facilities.

The Westport is situated in a high-density population area of Baner.  There are more than 15 thousand flats and more than 45-thousand urban rich residential populations adjoined to this Westport. This is a very good sign of commercial property investment.

Prominent institutions, schools are in the closest proximity such as PACE, MITCON Institute of Management, Hindustan Aerospace & Engineering, Educon International School, Kidzee, Asian School of Cyber Laws, etc. Major hotels such as JW Marriot Hotel, Courtyard Marriot are also in close proximity.

The project is close to several government offices such as PMC Property Tax Office Baner, Income Tax PAN Services Unit, MMRDA office Pune, etc. So can say that Westport is an excellent location project.

Possession | Construction Update
The Baner Lifespace Westport is under construction.  Westport promised date of delivery/possession is in the month of December-2021. RERA Registration No. P52100016990

Baner Lifespaces Westport, Pune

Advantages | Good Factors
The Pancard club road of Baner is a high-density population area and can denser more in upcoming years. There are more than 15-thousand high-rise residential flats and an urban rich residential population of more than 45-thousand peoples surrounding to the Westport project. Which is a very good sign for commercial property investment.

The layout design of commercial office space is very impressive. The office space is well furnished and designed to cater to every business. The project has a proper parking space for stakeholders and visiting guests.

The layout design of retail spaces is also very impressive. The retail space is properly visible from outside roads. Overall the project has a very impressive layout design and elevation.

The ground floor commercial retail shops of Westport are perfectly designed for maximum visibility. The ground floor retail shops are good for well established branded showrooms. The investment in the ground floor retail shops is good for retail business startups or regular rental income.

The Baner Lifespace Westport is properly connected with multiple transportation facilities and other civic facilities. The project is in the central location of several posh residential areas of Baner. And that is also a very good sign for commercial property investment.

The Westport is approved by the Pune Development Authority and Maharashtra RERA, so there is no legal hassle in this project.

Products & Developer
Westport is under developing by the Baner Lifespace LLP. The project is consists of commercial retail shops, showrooms commercial office space, etc.

Builder Profile
The  Baner Lifespace LLP  is a new entry in the Pune real estate market. So he has no experience to build and manage such type of big commercial project.

Advice
The Baner Lifespace Westport is probably not the right choice of investment for those who are looking for ROI in the next year or so. The project has a long way for completion, there may not be a real appreciation of value for resale in a year. The profitable resale may take more than 3+ years or after completion possession of the project.

While there is no doubt that investing in commercial property is a good idea that offers sizeable returns in the long run, but you cannot just invest in any property you come across. You need to be aware of the fine tuning of the market and put in due consideration before putting your hard-earned money in it. It can sink to you or fleet cross it too.

The development and the construction of the Baner Lifespace Westport project will depend solely on the speed at which the retail shops and office spaces are sold out.

Price | Lease Price
The Westport retail and office space price start from.

TYPE CARPET AREA (SqFT) PRICE (PSF)
Shops 94-315 22000
Office 354-5638 9500
Showrooms 1520-1967 Updating Soon

The price is slightly high for investment.

Conclusion
The Westport ground floor retail shops are good for retail business startups. After completion, possession of the Westport, Baner, Pune, the investors may get a minimum of  4% to 5%  per annum return if the builder complete this project in the set time frame.

CPR Ratings

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

 

 

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