The real estate
market of Pune is no longer confined to a certain small group of investors and
is slowly becoming an alternative to the congested Mumbai. From once a quiet
city which attracted little from the other parts of the country, it has surely
developed a lot in the last decade. Since the late nineties, Pune has started
to become a destination for a number of IT/ITeS companies. Now, the real estate
developers are catering to a variety of customers and with the rise of young
well-paid professionals, the number of luxurious properties is also on the
rise. Though the demands are high in Pune, the rates are reasonable than Mumbai
and the dream of home ownership can be easily translated here.
Being safer than
most cities and the presence of a number of reputed educational institutes is a
reason it is also a popular destination for students seeking quality education.
Pune is also a green city and does not have the problem of congestion as
suffered by most metro cities. Due to the educated crowd here, the city has a
metropolitan outlook which congenial to people from all walks of life. The
transportation of Pune is also well-established and connects to all major areas
of the city.
Due to the
improving infrastructure, Pune has seen a high demand rise for residential
properties. According to 99acres Insite Report, the capital values during the January
– March 2015 quarter has seen an average of one percent growth. The top
performers in the market are regions like Pashan(7%), Pimple Nilakh(7%) and Singhad
Road(6%). The proposed development of the new international airport and Pune Metro
are the key factors that are influencing the rise of the capital values here.
Location Advantages:
Location is one
of the most important factors that help you to determine if the property is
worth buying or not. When it comes to location, Kharadi scores high having easy
access to most of the commercial and business areas of the city. The best thing
about the place is that it is just 8 km from the Pune Airport.
Khardi is also
in proximity to a number of IT parks like EON Techpark and Magarpatta IT Park,
providing good connectivity to the professionals who have their offices there. The
place also has a number of educational institutions and shopping centres like Inorbit
Mall and Phoenix shopping centre.
Newly Developed Projects
The area
surrounding the IT parks in Kharadi has seen a spurt in residential projects
and a whole lot of new residential properties have sprung up. Some of these
properties are being mentioned here:
Mantri
Vantage
Built upon 7
acres of land just 150 m from EON Tech Park, Mantri Vantage is a plush
residential property by Mantri Developers in Kharadi in Pune. The project is
provided with a number of world-class amenities like swimming pool, gym, kids’
play area and day care centre. Expected to be ready for possession in December
2017, the property offers 2BHK, 2.5 BHK and 3BHK apartments which have sizes
ranging from 1175 sq ft to 1520 sq ft. These well-designed apartments are
priced between Rs. 63.33 Lakhs and Rs. 86.94 Lakhs (as of June 12, 2015).
Ratan Prestige
Ratan Prestige is
a luxurious residential project recently developed by Ratan Housing Development
in Kharadi, Pune. Sprawling across 4 acres of land, the property provides
modern amenities like swimming pool, gym and landscape garden. The project
offers beautifully designed apartments which are sized between 513 sq ft and 1250
sq ft. Ready for possession, the prices of these apartments range from Rs.
32.22 Lakhs to Rs. 77 Lakhs (as of June 10, 2015).
If you are
looking for residential properties in Pune having easy access to the main
commercial and business points in Pune, Kharadi is a good destination to invest
or buy.
Author
Bio
Hasib is a foodie and an avid reader with
the same voracious appetite. He is interested in the real estate market and
frequently writes about the changing scenario of the realty market and
investing prospects in different locations.