Is Wagholi-Kharadi Region Beneficial for Real Estate Investment?

by Jyoti D. Real Estate Bloggers

Pune has quickly established itself as a reliable city for working professionals from all over India, due to the sense of security, a community and the traditional values imbibed in its air. This city is known for several achievements like being the second-largest IT hub in India, top automobile and manufacturing sector of India, and also cheekily called the “Oxford of the East” with regards to the several educational Institutes established here.

With such accomplishments in the physical, social and retail infrastructure, its apparent how the city has secured its perimeter by creating a cluster of suburbs with strategic planning under Pimpri-Chinchwad Municipal Corporation PCMC and Pune Municipal Corporation PMC. These suburban regions are the dwelling spaces for locals, young professionals, retired residents, families, and students. With such wide demography, the separate civic bodies are appointed to sustain an integrated environment for a conducive lifestyle.

One such prominent suburb located in the Eastern Corridor of Pune is Kharadi, situated on the banks of the Mula-Mutha river. Let us evaluate certain parameters to examine whether the location is an asset:

Connectivity

The prerequisite of a suburb other than providing a secured space is the ability to connect to the rest of the city seamlessly. Kharadi is centrally located in Pune where the road map branches out to the rest of the localities, including easy accessibility to Viman Nagar, Chandan Nagar, Magarpatta, Kalyani Nagar, Hadapsar, Cyber City, Mundhwa, Koregaon Park, and Wagholi- which also comprises several residential projects in Wagholi.

Kharadi also lies on the bypass road linking the Pune-Ahmednagar state highway to Pune-Solapur national highway. The proposed road to EON Business Park will reduce the commute to mere 10 mins from the residential complexes in the area.

The Pune Railway station is barely a 30 minutes’ drive via the Pune-Ahmednagar Highway while the Pune International Airport can be accessed within 20 min (7.3 km) via Nagar Rd/Pune - Ahmednagar Hwy/Samrat Ashok Rd.

The proposed extension of the Vanaz-Ramwadi metro line up to the Kharadi IT Park would be the quick mode of public transport, with an expected opening by 2023.

Owing to this convenience, flats in Wagholi-Kharadi have been in huge demand.

Infrastructure

Kharadi has been strategically designed to incorporate the fundamental services within the locale conducive to the residents.

-       Some of the best international schools and reputed colleges are located in the vicinity are D.Y Patil College, BJS College,Podar International, Central School, Management Institute of Leadership & Excellence, Nirmala Convent School, Victorious Kids Educares, Kothari International, Christ College, and many more, all located in proximity assures the safeguarded community for your child.

-       Top-quality medical care facilities and hospitals such as Imax Multispeciality Hospital,   Medipoint Hospital, Columbia Asia Hospital, Rising Medicare Hospital,  Balaji Hospital, Shree Hospital are at a convenient distance conducive for emergencies.

-       The entertainment sector is in no way behind as some of the most elaborate malls such as Decathlon, Phoenix Market City, Inorbit Mall, Fortune Plaza, Amanora Mall, Global Highstreet are located in the perimeter for shopping and recreational activities.

 Several upcoming residential project in Pune are now introduced in these areas with 1 and 2 BHK flats in Wagholi-Kharadi region for optimum lifestyle for residents.

Corporate Sector

Kharadi has homogenized the employment hub by incorporating one of the extensive business hubs in Pune called EON IT Park. This is a Special Economic Zone (SEZ) that allows special benefits for business setups.

Several established MNCs and massive company campuses like WIPRO, TATA, Reliance, Polaris, Barclays, Honeywell, Sears, Zensar, Citicorp Services India Pvt. Ltd, Vodafone, Meltek Infosystems, Polaris, Eaton, Tieto, Mphasis, Symantec, and other small and big companies are included in this Tech hub.

While the nearby locales like Thite Nagar, Yashwant Nagar, Ashok Nagar, and Shetkari Nagar are interlinked with Kharadi that also have prominent corporate hubs.

Gated Residential Zone

One of the reasons people prefer these suburbs is the sense of security and a harmonious community observed here. Every region is under the surveillance and authority of its own police station, judiciary bodies, and emergency helplines.

Moreover, since the demography is that of working professionals, University students, middle-class families, the overall vibe is that of a decent crowd, the lowest crime rates, and the livability and safety of women. One of the reasons why in recent years, several real estate developers have introduced residential complexes with an average of 2 BHK in Wagholi.

One such prominent project in this area is EQUA by Kolte-Patil that presents 2 BHK for sale in Wagholi. Hop into their website for more information as they have introduced a Special Launch Offer of Rs.50000 discount on spot booking of their 2 BHK flat for sale in Wagholi.

RERA NO: P52100032093

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Created on Jan 17th 2022 10:04. Viewed 398 times.

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