Investing in real estate is one of the biggest and the most important decision one makes. Along with good credentials of the builder, location is one of the most important factor in determining a buyer’s decision.
In today’s fast paced life one craves for a work life balance and where would you find this other than Pune? One’s called a pensioner’s paradise, Pune is fast becoming the most sought after city for investing in land owing to a number of amazing factors.Pune has a number of advantages when it comes to buying a home. Its close proximity to the financial capital Mumbai has made it a thriving hub for educational institutes and IT companies. Suburban areas of the city are also witnessing a tremendous growth. Big infrastructure projects like the metro rail and the proposed Pune International airport plan is on the cards further boosting real estate investment. The initiative of smart city has boosted the real estate scenario making it an even more viable city to invest in.
We list down the top ten locations for investing in Pune
Baner can literally be termed as Pune real estate’s rock star location. Baner is tantalizingly closer to Hinjewadi which is the epicenter of Pune’s vibrant IT sector. It also had the Mumbai-Pune expressway in the vicinity which is the most important of the infrastructure of Pune which has transformed the city into a hotbed of business activities. But Baner’s icing on the cake is the scenic greenery on all sides. The scenic mountain ranges lend themselves an amazing backdrop for housing projects who expect a beautiful view from their balconies. The Baner –Pashan link road is the perfect example of this. Wide roads along with a scenic beauty, only adds to the beauty of Baner. What’s more the PMC has decided to develop the 1000 acre of Baner-Aundh road under the smart city plan. The focus will be on transportation, water, and several sector wise issues to be solved such as providing footpaths, parking slots, regular access to clean water supply, maintanience of sewage etc.
Aundh’s real estate market has retained the top position in both the residential and commercial segments. It enjoys a prime location which catches the demand from Central Pune as well as the IT driven demand for homes in Pune. Due to its advantageous placement in the Western part of the city, its accessibility to the various property hotspots in Pune, presence of good civic and social infrastructure Aundh continuous to be the much in demand property location for Pune. Aundh’s biggest advantage is it is already located at a great strategic location and so the smart city initiative will only boost the area’s development manifold.
Undri is fast catching up as a real estate investment is the eastern corridor of Pune.The area which is temptingly close to Pune camp is now developing rapidly.Undri has the biggest advantage of being well connected to various key localities in Pune via various local interstate highways.Its proximity to Wanowrie and NIBM ensures that the residents in Undri have access to all the necessities of daily living.
An upcoming posh residential area in Central Pune.A relatively quiet neighbourhood and a walk away from the Pune race course it offers tranquility and greenery to the residences there. Its proximity to the Army area adds to the identity of SopanBaug.SopanBaug offers premium luxury apartments and is considered to be the next big thing. The areas of SopanBaug are well maintained with relatively less traffic and a peaceful atmosphere.
Located in Pimpri-Chinchwad in Pune,Wakad is growing at a fast pace, with road and civic infrastructure witnessing an improvement. It has witnessed a rapid growth and has become one of the most sought after localities. Acquired by the PCMC in the year 1983 it has transformed from a mere agricultural village to a bustling residential area. Proximity to the PCMC Industrial belt, the Mumbai Bangalore bypass highway, Balewadi National Sports complex are all working in Wakad’s favour. Other initiatives of the smart city plan for Wakad include construction of flyovers which will help the area become a traffic free zone. After coming under the eye of the PCMC the area enjoys the best civic amenities and facilities. The well planned roads also improve intra-city networking. Some of the important connectors are the National Highway, Hinjewadi, Aundh Ravet road. All these factors make Wakad a top investment destination in Pune.
The NIBM road connecting the Kondhwa road to the Katraj-Hadapsar bypass road is the golden mine for investors in Pune. Good connectivity, planned neighborhood and presence of all kinds of infrastructure have fuelled the demand for properties here. Also presence of social infrastructure makes it an ideal place to live in.NIBM also had proximity to various areas such as Kondhwa, Camp, Katraj, Hadapsar,and Wanawdi.
Another investment property destination in Pune is Keshavnagar.Keshavnagar in Mundhwa benefits due its advantageous proximity to Koregaon Park. It is one of those locations in Pune where purchasing a budget home in a strategic location is possible. Its biggest advantage is the proximity to the Kharadi IT Park. Also the presence of big hospitals like Noble and many reputed schools only adds to it being the attractive investment destination.
This location enjoys all the comforts and amenities which make it one of the most sought after real estate investment location. Improved infrastructure, better connectivity, and a comparatively safe place to live in all these factors have contributed to the growth of Wanowrie as a real estate investment destination. Despite being on the outskirts to the prime areas of the city, it is in close proximity to Fatimanagar, NIBM and Magarpatta City.
9. Koregaon Park-
Is one of the most prestigious and elite areas of the city and popularly known as ‘KP’. It is one of the most sought after place for residential area in the city. The immaculate quality of life,high standard of living and some of the best hotels upped the location value of Koregaon Park.
This area has witnessed tremendous rise in the construction and development sector owing to sp many professionals shifting base in this area. It had become the IT hub of the city and provides great connectivity to other areas such as Koregaon Park,NIBM,Wanowrie.