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Property Investment Hotspots in Pune

Posted last July 1, 2017, 5:47 am in Real Estate report article

Hello Guys,

 

Real Estate in Pune is growing as quickly as the city itself! Parts of the city that were considered as the ‘outskirts’ a few years ago are now thriving localities with new options for dining and shopping cropping up very frequently. While the older parts of the city boasts of beautiful old family homes, the newer areas are perfect for students, young professionals and families looking for flats in Pune. In Pune, there are some firmly established as well as quickly growing IT-driven locations that command the limelight among end users and investors alike. Kalyani Nagar

Kalyani Nagar has emerged as one of the most prominent and established commercial and residential real estate destinations on the Eastern Corridor of Pune. Its strategic location between Koregaon Park and Viman Nagar and its proximity to the airport, railway station and close connection to Kharadi and Hadapsar makes it an ideal destination for IT/ITeS companies. The Pune-Mumbai Expressway has been another major contributing factor.

It was given a head start by Dr Neelkanth Kalyani – owner of various notable companies like Bharat Forge and Optronica – after whom it is named. Today, it is a hotbed of Information Technology activity and has come a long way as one of the most upmarket residential property destinations in Pune. It is home to up-market hotels and boasts of a golf course as well as prestigious social establishments.

For today’s home seeker, this area is a regular treasure-trove of attraction. Most reputed builders in Pune have at least one luxury residential project here and the general infrastructure is conducive to modern family life.

Water Bay by Brahma Corp Pune

Verde Residency by ABIL Group Pune

Wakad

While Aundh was the first area to gain significantly from the IT boom in Pune, its development potential diminished rapidly under the onslaught of a relentless spate of projects. With reduced development, price appreciation also reached a certain level of stagnation in this market. Soon, the limelight shifted and Wakad became the next investment location for mid-income housing on the city's Western periphery.

Located in the highly-developed PCMC area, Wakad has a host of positive market drivers to keep its real estate market vibrant. With proximity to the Mumbai-Pune Expressway and the thriving IT hub of Hinjewadi, as well as accessibility from the PCMC industrial area, Wakad now attracts a lot of young end users in the age group of 30-40. For this reason, it has become a new focus for property investors as well.

 

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