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Why invest in real estate in Mundhwa, Pune?

By Pankaj Agarwal
event 13-Jun-2018 share
Why invest in real estate in Mundhwa, Pune?
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Answer

Lalit

13-Jun-2018 05:31

Why invest in Pune?

  • Pune is amongst the 50 fastest growing urban cities in the world.
  • It is one amongst the top 8 global destinations for outsourcing of services, with a thriving Job market.
  • 8200 people live in every sq. km of Pune and 41% of the population live in rented apartments.
  • 4th place in the top 10 ranking of Asia Pacific Rental Growth.
  • Pune Muncipal Corporation has planned to spend Rs. 88,443 crores to improve the city’s infrastructure.

Mundhwa is popular for its unrestricted panoramic view from all sides and offers a nice blend of modernization and a charming ambience. It is an area with a blend of Residential, Business, Leisure and Support Services.

  • Mundhwa is emerging as one of the prime residential feeder locations for the business district of Kharadi with natural beauty in its surrounding.
  • The Pimpri-Chinchwad Municipal Corporation and the Pune Municipal Corporation are set to roll out the 161.73 kilometers Pune Ring Road plan costing Rs. 10,408 crores. This will help decongest traffic for Kharadi and Mundhwa.
  • The 15 km elevated corridor 2 of the proposed Pune Metro project Phase 1 led by the Pune Municipal Corporation will connect Ramwadi to Vanaz via Mangalwar Peth and Deccan Gymkhana with an extension to Kharadi and will lead Mundhwa to easy connectivity with the key nodes of the city.
  • India’s 4th upcoming World Trade Centre, spread over 20 acres, located at the gateway of Pune’s eastern IT corridor, Kharadi, with a development size of 1.6 million square feet will house a mix of small, mid-sized corporate and single client build to suit facilities.
  • The flyover planned near Mundhwa and the road planned behind Ghorpadi, will give the residents of Mundhwa a direct access to Magarpatta City and M.G.Road.
  • The 0.75 km bridge that is planned to be built over the Mula-Mutha river by the Pune Municipal corporation and the state authorities will connect Mundhwa to Kharadi in a ji_y, thus creating a greater demand for housing in the Mundhwa area.
  • The growth of Mundhwa can be compared to what Powai (Mumbai) or Hebbal (Bangalore) experienced over the last 5 to 7 years.
  • Big IT companies like Zensar, Tata Communication, Honeywell, Eclypsis, Synechron, Eaton, Mphasis (EDS), Wipro, Reliance, Softinfology Pvt Ltd.etc. are based in Kharadi and professionals are on a look out for residential accommodation close by.
  • Schools and Colleges: Army Public School, Aman Setu School, Radcliffe School, The Bishops Co Ed School, Don Bosco High School, The Orbit School and more.
  • Hotels and Restaurants: Radisson Blu, Hyatt, Le Meredian, Kimchi, Global Punjab, Nirvana Kitchen Bistro Grille & Bar, Claypot, Domino's Pizza, Faaso's and many more.
  • Hospitals: Columbia Asia, Rakshak Hospital, Bharati Hospital, K K Hospital.
  • Distance from Major areas of Pune City: Pune junction Railway Station : 9 km, Pune International Airport : 10 km, Hinjewadi : 25 km, Swargate : 15 km
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