Powai is the new investment hotspot
Pune in recent years has been a widely preferred destination for real estate investors. The city stands tall with an enormous growth in the residential and the commercial real estate sector due to the arrival of several MNC’s, IT hubs, huge manufacturing setups and an influx of hotels and malls. Since Pune tops the Ease of Living Index 2018, it is important for all those considering the decision of investing in Pune to know currently which localities are gaining tremendous attention.
We bring you the most sought-after localities and the most admired and preferred locations which will enable you to enjoy a lifestyle that’s a notch above the ordinary.
Kalyani Nagar is known to house BPOs of IT and ITES companies. Thus, attracting a large working population to the locality and creating demand for apartments in Kalyani Nagar. Its proximity to Aga Khan Palace, Phoenix Market City and the Pune-Mumbai Expressway makes it a profitable locality to invest in. Railway station and airport are in close proximity from this location making it a worthwhile investment.
Koregaon Park :
The premium residential property market of Pune’s Koregaon Park is known for well-developed infrastructure. With excellent connectivity, attractive leisure options and high-rise luxury properties, Koregaon’s real estate is a choice of many. What makes Koregaon Park a well sought after area is its proximity to the international airport and the railway station. With great recreation facilities surrounding the area, it makes the locality a great consideration for real estate investors.
Kothrud is located in South-West Pune and was named the fastest developing suburb in Asia by the Guinness Book of World Records. One of the most urban and upscale residential neighbourhoods in the city, Kothrud enjoys a convenient location and good connectivity to other regions like Shivajinagar, FC road and Deccan. Various upmarket residential projects in this area have made Kothrud- a happening locality in Pune. Bavdhan:
Bavdhan enjoys a serene location and tranquil surroundings. Needless to say, this is one of the most sought-after regions in Pune, particularly because it is well connected to Kothrud, Paud Road, Baner, Aundh, Pashan, University circle, Sus village via excellent roads. Bavdhan is also close to Hinjewadi IT Park, premium educational institutions and plenty of shopping malls.
As the name suggests, the region is close to the airport, has exceptional transportation facilities, boasts IT parks and shopping malls like Phoenix Market City. Since the area has witnessed massive urbanization in the last few years, it offers both luxury and budget options, particularly in terms of housing. The emergence of new residential housing projects has made it one of the highly preferred areas to live in Pune.
Counted as the IT hub of Pune City – Hinjewadi is home to several famous IT companies in the world. The locality is also favoured with good connectivity to public transport facilities. The presence of various prominent schools, colleges, hospitals and shopping malls have prompted many home buyers to invest their money in this area.
The biggest advantage of developing residential properties in Wakad is the proximity to finest residential locales that are scooting with lifestyle and employment opportunities alike. Baner and Aundh are not more than 5 minutes' drive from Wakad & driving to Shivaji Nagar which is the heart of Pune, is easier as well. For homebuyers looking out for premium apartments with ready lifestyle around and great connectivity, Wakad and its surroundings are one of the best found residential destinations.
Located near Katraj-Dehu Road Bypass, Baner is surrounded by Pashan in South, Aundh to the North, University in the East and Balewadi to the West. The presence of the IT Park at Hinjewadi has significantly increased property demand around Baner-Balewadi belt. Planned roads, rapid urbanization and massive developments have collectively made Baner worthy of investment.
Proximity to IT parks, affordable real estate and robust transportation network makes Wagholi one of the sought-after real estate destinations in Pune. The Pune International Airport is also efficiently connected with Wagholi via Nagar Road. It is a famous industrial area which is emerging as a residential hub.
Properties to look out for in Pune:
24K Sereno (Baner)
Life Republic (Hinjewadi)
Ivy Estate (Wagholi)
Star Gaze (Bavdhan)
Balaji Mesmero (Lohegaon)
Hi life (Wakad)