People love Pune for
being the perfect city. You enjoy all things urban life offers, but at the same
time you also get to experience that ease you would seldom find in a
fast-moving city. Maharashtra’s cultural capital has that old-world charm, too,
about it. If you are planning to have a home in this city, you may like to know
which localities are the most in demand.
1. Kharadi :
Kharadi is placed along the banks of the panoramic Mula-Mutha River and lush green landscapes. Located in the eastern corridor of Pune city, Kharadi is the new IT hub of Pune backed by a booming micro-market with a range of industries which include IT, ITeS, hospitality, retail, and education. It shares a boundary with key locations like Kalyani Nagar, Viman Nagar, Wagholi, Mundhwa, Hadapsar and Koregaon Park.
Real estate prices have also subsequently shot up, but it still continues to be affordable for mid-income homebuyers. Kharadi has witnessed a capital appreciation of almost 140% during the last ten years. From Rs 2700/sq.ft. In 2008, it rose to 4600/sq.ft. In 2014, and currently, the prices of residential property in the locality are touching Rs 6400/sq.ft. Furthermore, there are many infrastructure projects that are advancing smoothly which when complete will stimulate the residential realty market.
2. Punawale :
It comes under Pimpri Chinchwad jusrisdiction (PCMC). Punawale enjoys a strategic location and is a preferred residential locality for IT professionals. It has a well developed social infrastructure and civic amenities. Road, Rail, Airport Connectivity: It liesapprox 1 kmfrom Banglore-Mumbai Highway, close to Mumbai-Pune expressway, 26 km from Pune Airport, 22 km from Pune Railway Station and well connected to Dehu road.
It proximity to some major employment hubs makes it extremely desirable: Hinjewadi IT Park (9km), Talawade IT park (10km) and industrial hub of Pimpri-Chinchwad. Proximity to work place from home cuts the travel time to work leaving you with more time for family and self.
There are some good educational institutions nearby like JSPM College, Indira Institute of Management, Lotus Business School, Temples (Balaji and Iskon ),
Shopping Malls and Super Markets (D Mart & Vision one Mall), Hospitals (Aditya Birla and Lifeline), Sports Centres (Balewadi Sports Complex, MCA stadium in Gahunje.
The area is generally traffic free and is located in scenic, serene surroundings.
3. Undri :
Undri has transformed from a sleepy neighbour of Kondhwa to a fast developing suburban area of South Pune encompassing several industrial and IT hubs. Undri flashed in the real estate picture after immense pressure on land resources was felt on NIBM Road, Kondhwa, and Hadapsar.
One of the biggest advantages of investing in Undri is its exemplary connectivity to core and fringe areas of Pune, facilitated by major roads running through the region. Mumbai-Hyderabad Highway, Mumbai-Bengaluru Highway, Pune-Saswad Road, and NIBM Road are major lifelines of this regionThe social infrastructure in Undri is top-notch with state-of-the-art educational and healthcare facilities which are accessed by people from across India.
Undri is a residential destination which still offers unspoiled natural splendour and expansive greenery which Pune was once famous for. It is surrounded by key localities like NIBM, Kondhwa, Hadapsar, Market Yard, Katraj, Wanowrie, Fatima Nagar, etc. The land rates are in the affordable range of Rs 3,900 –Rs 5,200 per sq. ft. Home buyers prefer to purchase property in Undri because it also provides good rental income from the ever-growing floating population. Green landscapes, affordable land rates, excellent connectivity, proximity to commercial hubs, upcoming Greenfield Airport, and rapidly developing social infrastructure has made Undri one of the hottest emerging residential market of not just Pune, but entire India.
4. Hinjewadi :
Hinjewadi is one of the prime commercial centres of Pune. The locality, which houses the 500-acre Rajiv Gandhi Infotech Park, is home to many IT companies and multinationals. The locality also offers ample residential options, along with developed infrastructure, making it apt location to live in for those working in the area. The locality has been developed in four phases, of which three are completely developed while the fourth phase is still developing.
Hinjewadi is well connected to other Pune localities through road for now. However, in a few months the Pune Metro will make way into Hinjewadi through Line-III. Work on this route is expected to finish in a few months.
Property prices have shown a healthy growth from Rs 4300/sq.ft. in 2014 to Rs 5600/sq.ft. in 2019. In the years to come, it is destined to witness further traction owing to the availability of vast tracts of land, Grade-A commercial developments and increasing residential demand.
5. Lohagaon :
Lohagaon is the most convinient area of pune for travelling purpose as of now, Pune airport is just 5 min away from lohagaon. viman nagar IT Park, Yerawada IT park, kalyani Nagar, koregaon park is few minutes away from lohagaon. So there are huge chances of future developement with high proportion rate.
Also, areas like charoli are developing rapidly ,so in future lohagaon will be the first choice of investors. One of the main advantage of lohagaon is that, there are number of open plots and lands are for sale or available to buy. So people can co sider place for bunglow or mansion near to city. Within last few years propert rates of lohagaon is increased rapidly.
5. Moshi :
Moshi has emerged as the top real estate & commercial destination in last few years. Located in the Pimpri Chinchwad Municipal Corporation (PCMC ) area, it houses the best of real estate projects, commercial projects, business centres, civic amenities & infrastructure.
Moshi is excellently located with proximity to major industrial and employement hubs like bhosari, Pimpri Chinchwad, Chakan , Talegaon, Nigdi, Hinjewadi, Talawade and Charoli. It is the main residential hub for all industrial employees. Property gives great returns within past few years.