The location and affordability attracts the home buyers to Charoli in Pune. Charoli which is located in the northern part of the city not only offers a location advantage but also provides affordable real estate properties. Charoli enjoys proximity to Koregaon Park and Viman Nagar. It is about 12-16 kms from the high-end residential area of Koregaon Park and Shivajinagar and is about 10 kms from the IT hub of Kalyani Nagar. Also, Charoli is about six kms from Lohegaon Airport and is about 13 kms from the Pune Railway Station. The proximity to the airport has worked for many localities. It has raised Viman Nagar and Nagar Road to the highest levels of potential and it is believed that the same factor will boost the real estate market in Charoli as well. However, areas such as Kalyani Nagar, Koregaon Park and Viman Nagar, offer properties starting from Rs 45 lakhs. So, if you are looking for an affordable property with an unmatched location advantage that promises a good return on investment, Charoli will be the best place to choose.
According to Arvind Jain, managing director, The Pride Group, “Areas such as Kalyani Nagar, Viman Nagar and Koregaon Park, the time-honoured residential destinations for the high-salaried IT class, have already reached a saturation point. The options which are left are exceedingly expensive and beyond the reach of middle-income, end-users and even most investors. Kharadi, Pune’s latest and most promising IT hotspot, is rapidly heading in the same direction. Thus, Charoli comes as a sigh of relief for those who have a limited budget”.
Additionally, the proposed 170-km Ring Road, around Pune and Pimpri-Chinchwad, may also impact property prices in Charoli. These roads will provide inter-connectivity to Pune and the Pimpri-Chinchwad Municipal Corporation (PCMC) and beyond. Looking at this, many experts feel that the area is expected to get high appreciation in the coming years.
Source: The Times of India, Pune
