Top 3 Areas for Buying a Luxury Apartment in Pune

Pune, also termed as the ‘green city’ of Maharashtra, is a highly developed IT and ITES center in India. It offers a thriving real estate market for property buyers who are looking for luxury as well as good returns. Here are top three areas in Pune where you can find a good mix of stylish properties

Koregaon Park is one of the most posh areas in Pune. It has turned into an affluent real estate destination in the city, offering ultra-luxury living spaces for property buyers. From residential complexes and high-rise apartments to retail stores and commercial establishments, this area has gone through considerable development in the last 10-12 years.

Several leading real estate companies in Mumbai and Pune have launched their projects in this area that is also home to the Osho commune. It is located in the south of Pune’s Mula Mutha River and has a lot of appeal for the rich and affluent property buyers. Many industrialists and who’s who of Pune and Mumbai have their swanky bungalow or luxury apartment in Koregaon Park.

Due to the establishment of Osho commune, many international travelers come and stay in this area. They stay in rented apartments due to which the rental rates of Koregaon Park have also shot up. It is not only the costliest but also one of the greenest locations of Pune. It has several clubs, lounges, cafes, hotels and restaurants. If you have been planning to buy your dream home in a happening locality of Pune then the property market of Koregaon Park will not disappoint you.

Another area that has emerged as a property hotspot in Pune is Kalyani Nagar. It is not only strategically located between Viman Nagar and Koregaon Park but it is also in close proximity to the airport and railway station. The Pune-Mumbai Expressway has contributed to the growth in demand for residential and commercial properties in Kalyani Nagar.

This area has been witnessing a lot of IT activity which has pushed the rental rate for residential apartments. With ITES-BPOs setting their offices in this part of Pune, developers are launching residential properties to cater to the rise in demand. You can find some of the most posh flats and row houses in Kalyani Nagar which is also home to up-market hotels. It boasts of several social establishments and a golf course.

Koregaon Park and Kalyani Nagar are two prominent localities in the city that are connected with a bridge. This has made commuting easier, leading to high retails and industrial activities.

This is the third locality of Pune where you can find luxury apartments for investment purposes. This area is located near the Camp (Pune Cantonment Area), offering premium apartments and bungalows. It is in close proximity to the city center, CBDs of Pune and commercial districts of the city. Some of the most luxury apartments in Pune can be found in Sopan Baug.

Leading real estate companies in Mumbai and Pune have launched several residential properties consisting of luxury apartments in Pune.