With a perfect mix of cosmopolitan lifestyle and old world charm, the increasing pace of urbanization in Pune has led into the expansion of the city in many ways. The boom in the IT, development in infrastructure, the expansion of residential property has been manifold. New areas are emerging as opposed to the standard locations. Suburban areas of the city have also led to an exponential growth owing to the growth of the IT HUB. The emerging property destinations in west of Pune are Baner, Balewadi and nearby areas whereas in the east of Pune are NIBM, BT Kawde Road, Wanowrie, Kharadi and Undri..
We take a look at some of the property hotspots.
NIBM - With a lot of residential projects coming up in this area NIBM is a hot investment destination for home buyers. The advantage of NIBM being, it is close to the cantonment area, comparatively has scenic greenery surrounding it and is equidistant from all major locations in the city. Major schools such as Delhi Public School, l and RIMS International are in the range of 1-3kms from NIBM. The area of NIBM is perfect from the residential point of view as it carries some of the best schools and has a lot of entertainment and commercial establishments in that area. Along with that there are also branches of several banks such as Bank of Maharashtra, ICICI with ATM Facilities. With daily necessities at a stone’s throw away the location offers convenience to its residents.
Baner - Not many years ago, Baner stood only for its greenery and refreshingly pollution free environment. Today it has emerged as the upcoming property hotspot in Pune, and also an important residential hub of Pune. The reason being it is strategically close to Hinjewadi the magic wand of Pune’s vibrant IT sector. It has also the Mumbai-Pune expressway in the immediate vicinity. Baner is also located along the Mumbai-Bangalore highway making it the most viable location.
Aundh - Aundh’s immediate advantage is the proximity to Baner .Also it is strategically located near the University of Pune making it the most convenient for students and professionals alike. Also the connecting roads of Pashan, Baner make an amazing location and provide a lot of recreational facilities to enjoy with your family. Due to its advantageous placement in the Western corridor and the presence of good civic and social infrastructure, Aundh continues to be one of the most sought- after locations for a majority of Puneites.
Sopan Baug - Located near the Pune Cantonment area Sopan Baug offers premium luxury apartments and is considered to be the next big thing in the real estate sector. This is because of the proximity to the city centre. A relatively quiet neighbourhood and a walk away from the Pune race course Sopan Baug offers tranquillity and greenery to the residences living here. The roads of Sopan Baug are well maintained with relatively less traffic .Its proximity to the Army area adds to Sopan Baug’s identity.
Undri - The biggest advantage of Undri is that it is well connected to the various key localities in Pune via various local interstate highways and expressway’s while retaining its serenity. It has dense green cover protected by Government regulations. Its proximity to NIBM and Kondhwa ensures that the residents have access to all the necessities of daily living. Home buyers as well as investors are very enthusiastic about this location which offers cost effective housing options.
Wanowrie - Recently Wanowrie has come under great notice of various real estate developers and has witnessed a substantial growth in the property sector. This area has all the positive reasons for investing in property here. Just a few minutes away from the heart of the city, Wanowrie offers a pleasant atmosphere which makes it an excellent location to dwell in. The main reason for Wanowire as an investment hotspot are improved infrastructure, better connectivity from all the prime areas of the city, safety haven as it is close to the military ground and most important reasonable property prices.