Pune has suddenly become the “Big Apple” of Indian realty market with luxurious and affordable projects coming up rapidly. The Mumbai-Bangalore Highway, Pune-Sholapur Highway and Pune-Nashik corridor are bustling now with enticing residential projects. With over 20 distinct IT hubs and commercial locations in the city, Pune and Pimpri-Chinchwad enjoys good investment offers.
Here are top 7 emerging real estate hotspots around Pune.
1. Ravet
The BRTS lance connecting Aundh to Ravet has opened huge investment openings in Ravet. Two flyovers running across Kalewade Phata and Dangey Chowk has cut down the travelling time by 20 minutes. Properties in Ravet are available at a base price starting at INR 3990 and move up to INR 6990. Depending on the builder and amenities offered, the prices also varying. It is definitely a good place to invest considering its proximity to Hinjewadi IT park, Mumbai-Bangalore Highway and Pune Expressway.
2. Sanghvi
Sanghvi and New Sanghvi is another emerging realty hotspot with single building and multiple tower projects cropping up in real good time. Prices are at an all time high in Pune with premier projects demanding INR 7500 for 1 BHK and 2 BHK projects. If you work in Koregaon Park or Aundh, this is a preferable option for investment. You can also look into projects coming up in Pimple Saudagar and Jagtap Dairy locality.
3. Hadapsar
Located 10 kilometres from Pune Railway station, Hadpasar is the new commercial-cum residential name in the city. It is close to Magarpatta City and Amanora. If you are looking for budget homes awith luxurious lifestyle, Hadapsar is a great place to invest. Prices are appreciating at 13 per cent per annum.
4. Baner-Pashan
Another popular destination for real estate investment along the Pune-Bangalore mega highway, Baner-Pashan is blessed with enticing options. Pan Card and Pashan link road are considered as highly prestigious suburban areas in Pune with population largely consisting of doctors, lawyers and IT professionals. It is very connected to the rest of the city and opens up right at the tip of the Pune University and Shivajinagar.
5. Chakan-Dehu Road
The industrial and manufacturing hub of Pune is also competing for attention in terms of investment. It is beyond the usual residential spaces in Pimpri, Chinchwad and Nigdi but still figures among top upcoming real estate zones in Pune. Prices start here at INR 2990 with many prestigious projects coming up by December 2016.
6. Moshi- Bhosari
THe Moshi corridor in Pune is another place fighting for realty segment. Major builders in Pune are launching budget and luxury residential projects in localities like Dighi, Dudulgaon and Charoli. Owing to the good connectivity with rest of the city, Bhosari is ideal for new investors. It enjoys a respectable position among defence personnel and doctors who prefer the location for greenery and open roads.
7. Tathawade-Thergaon
This locality stretches between the Mumbai-Bangalore highway bypass. The major housing societies include Costa Rica, Eisha Footprints, Akshara, Elementa and Ganga Cypress. Owing to the proximity to Bangalore Highway, it is growing at a rate of knots. Prices have jumped from INR 4500 in December 2014 to INR 6990 in July 2015.
Other real estate hotspots around Pune that you can definitely give in a look are: