Pune is one of the biggest real estate markets in India. It is also the one which offers a lot of options, in terms of properties as well as locations. However, if you wish to invest in a property, or even buy a home for yourself, you must keep an eye on the locations that offer you the most value for money. So, take a look at four such locations in Pune, which offer great properties, great connectivity as well as great pricing!
HADAPSAR
Located along the Mumbai-Hyderabad National Highway, Hadapsar is now one of the most sought-after locations in Pune. It has seen a 6% increase in the rents from the previous year, and a 3% increment in average capital prices from ₹5900/sq.ft. to ₹6200/sq.ft. between Oct-Dec 2018 and Jan-Mar 2019*.
The reason for such growth is the rising demand for housing from IT workforce and well-developed civic as well as social infrastructure. Hadapsar is home to some of Pune’s top industrial zones, namely Eon Free Zone and Magarpatta SEZ among others. Hadapsar also boasts of international schools like City International School, Delhi Public School, and Amanora School as well as multi-specialty hospitals like Columbia Asia Hospital and Sahyadri Speciality Hospital. Another reason behind the demand is the presence of some of the best
residential projects in Pune. We can say with conviction that Amanora Park Town’s various individual projects certainly offer the best lifestyle you can ask for.
KHARADI
Kharadi is a prime business district located in the north-eastern zone of Pune. It has multiple offerings to attract homebuyers- premium projects, presence of prime commercial hubs, posh social infrastructure, and cosmopolitan population. One more factor that adds value to the area is its location. It borders the Pune-Nagar Highway and the Pune-Hyderabad National Highway (NH65) passes right through it. Owing to these factors, the average capital prices of Kharadi have increased from ₹6,550/sq.ft. in Jan-Mar 2018 to ₹7,050/sq.ft. in Jan Mar 2019*. Also, it’s a favorite among tenants. A 500-550 sq.ft. 1 BHK apartment in Kharadi fetches a rent of around ₹14,000 to ₹17,000.
WAKAD
If it’s Hadapsar and Kharadi to the east of Pune, it is Wakad and Baner (mentioned below) to the west. What was once an agricultural area has today emerged as a preferred choice of homebuyers, investors as well as tenants. Here are the top reasons- proximity to Hinjewadi IT Park & Talawade IT Park, having Mumbai-Bengaluru Highway (NH7) at its periphery, well-developed civic infrastructure, wide variety of property options and quick connectivity to other parts of Pune.
The average capital price in Wakad soared from ₹5,200/sq.ft. in Jan-Mar 2018 to ₹6,400/sq.ft. in Jan-Mar 2019*. And the rentals hover around ₹17,000-₹20,000/month.
BANER
Baner has undeniably the highest livability quotient in West Pune. Why? Because you can find premium social infrastructure in this neighborhood. Be it schools, hospitals, fine-dine restaurants, hotels or commercial hubs, Baner is home to everything. Add to that the connectivity it offers to other prime destinations across the city like Hinjewadi’s IT, PCMC’s industrial areas, Shivajinagar, Pune station and Mumbai-Bengaluru highway among others. All these factors are the key reasons fueling housing demand here. Also, since Baner is such an upscale neighborhood, it’s natural that you would find some of the most premium projects of Pune here.
The average weighted capital prices in Baner ranged between ₹6,300/sq.ft. and ₹7,000/sq/ft. in Jan-Mar 2019. Even the rental market commands a premium at ₹20,000/month for a 2 BHK apartment.
So keep these localities at the top of your wishlist if you are looking to buy a property in Pune. And if you think Hadapsar could be the right choice for you, then
Amanora Park Town is the ideal place to stay. Why? Just take a look at any of our projects and the benefits of living in the township, and you’d agree!
