The Hidden Gems of Pune That Present Your Dream Home with a Conducive Lifestyle

by Jyoti D. Real Estate Bloggers

Now that millennials are at the epicentre of the real estate market as first-time buyers, the ecosystem has shifted from metros to urban cities. The major reason of which is that more working professionals prefer a reasonably cost-effective location, an apartment that offers more space than just a cube, and a locale that offers a sense of belonging.

Pune is a perfect blend of these, and its proximity to the metro has boosted its value. Moreover, Pune has established a robust commercial space that has cemented its property value in the long term, which is why many young professionals are eyeing the opportunities for 2 BHK in Pune.

All these factored in, there are a few unknown yet emerging suburbs in Pune that are conducive for end-users and investors alike.

East Pune

Kalyani Nagar

It is one of the most sought-after residential suburbs in the eastern corridor. Its strategic placement between Viman Nagar and Koregaon Park; proximity to commercial zones of Kharadi and Hadapsar; swift access to Pune Railway station and Pune International Airport are the main factors contributing to its rapid development.

Wagholi

Wagholi is known for its tranquil green landscape amidst the industrial clusters. It lies on the Pune-Ahmednagar Highway which connects it to Bund Garden, Solapur highway. Pune International Airport is just 11 km away which takes less than half an hour via Lohegaon Road. Apart from the IT hubs of Hadapsar and Kharadi which are the nearing areas to Wagholi, several Engineering Industries, and Automobile manufacturing factories are located at its peripherals. The employees prefer Wagholi estate owing to the easy commute and lower cost of living.

North Pune

Bhosari

Bhosari is one of the prime residential-cum-commercial suburbs located in the Pimpri-Chinchwad precinct. Its proximity to major IT/ITeS hubs has deemed this location conducive for working professionals. Moreover, people from all over India seek this suburb owing to economical means, proximity to the Mumbai-Pune expressway for frequent outstation plans, and PMPML and MSRTC buses run in ample frequency in this area for commute and long-distance travels.

West Pune

Bavdhan

It is a newly developed suburb in Pune with prominent bordering locales such as Kothrud in the east, Lavale in the west, Shiv Nagar in the North, and Shivane in the south. Bavdhan is mainly preferred by the mid-segment residential zones that allow families to occupy spacious 1,2 and 2.5 BHK in Pune. Besides, there are several top-tier education institutes in and around Bavdhan, leading to a higher preference for residences in this area by families.

The proposed metro is set to boost the demand of this locale in the coming years.

Kasarwadi

Its exact placement is towards the north-western region of Pune, also a sub-local of Pimpri-Chinchwad. The famous Pavana River flows across this suburb embellishing its natural beauty.

Service Road, Nashik-Pune Highway, Wakad-Bhosari BRTS Road, Pimple Gurav Road, Old Mumbai Road facilitate optimum connectivity.

Prominent institutes such as SNBP International School-Pune, Dr. D. Y. Patil Institute of Technology and the Dr. D. Y. Patil Medical College have enticed more families to prefer this area as their permanent residence.

South Pune

Undri

This is one of the fastest-growing locales in the South-eastern outskirts of Pune. This vast natural encapsulate offers a perfect canopy for nature lovers. The fresh disposition is feasible for a tranquil lifestyle amidst the surrounding industrial areas like Hadapsar, Phursungi and Kharadi.

Cybercity Magarpatta, SP Infocity, Mundhwa Industrial Area and EON IT Park are some of the prominent adjacent employment hubs as a result of which Undri is emerging as a residential locale and the lesser property prices have led to an uptick in its real estate market.

Katraj-Kondhwa Road

This featured suburb offers the best of three areas– Katraj, Kondhwa and Katraj-Kondhwa Road which lies at the intersection of two suburbs. The price trends in these areas are steady and cheaper than any other locale mentioned above. Thich has incentivised several real estate developers to construct quality projects at low construction costs.

The 2 BHK flats in Katraj Pune and 2 BHK flat in Katraj Kondhwa Road are gaining demand traction due to the commodious apartments at reasonable ticket size. Moreover, the abounding open spaces in this locale allow extensive projects with several amenities.

Kolte Patil Three Jewels is one such project that offers 2 and 2.5 RLK flats in Pune at affordable prices. Even at a minimum price of 1 BHK flat in Katraj Kondhwa Road, you get the privileges of 30+ amenities within the complex.

These flats near ISKCON temple Katraj are the perfect abode for those who like a peaceful environment with proximity to major employment hubs– this entire package is within the mid-segment standards.

To top it off, Kolte Patil Offers a special 50:50 scheme for homebuyers where they have to pay only 50% of the price of 2 BHK Katraj Kondhwa Road at the time of booking and the rest 50% after the possession of these flats in Katraj.

In conclusion

These are the conducive areas if you are a new homebuyer and are looking for an apartment within budget. This is also apt for co-living arrangements due to which these locales enjoy steady rental returns. From an investment standpoint, these emerging suburbs are a promising asset.