How some localities in Pune present unprecedented opportunities to investors

Thanks to the series of regulatory and taxation reforms introduced over the past 2-3 years, the real estate market in Pune just like most other parts of India is going through a phase of consolidation. Prices of properties have remained by and large stable despite a consistent decrease in supply.

It’s been quite some time that the prices have not been moving up. The pressure is slightly building up as the availability is going down and only a handful of new projects are getting launched in the market. Given such conditions it looks that the prices are going to move up on the trajectory sooner than later.

If you are on board with this notion, here are few locations which present an unprecedented opportunity to investors.

Wakad

This location holds a sound real estate market due to the presence of IT, manufacturing and automobile companies in the vicinity. Professionals working in companies located in nearby areas of Wakad prefer properties, especially ready-to-move-in ones. Wakad is located in proximity of Pune-Mumbai expressway, which increases its demand amongst people plying the expressway on a regular basis.

Areas such as Baner, Balewadi, Pasha and Aundh are all in the radius of 20 to 30 minutes from Wakad. To reach Dapodi Railway station one can take the route of Aundh-Wakad Rd and reach within 25 minute. If bus route is taken it takes approximately 1 hour to cover 9.8 kms distance between both the locations. Airport is about 21 kms away and it takes 45 minutes of drive to reach there.

Budget required for a 1BHK configuration is Rs 25 lakhs to Rs 60 lakhs. 2BHK units are available in the range of Rs 30 lakhs to Rs 1 Cr. The capital amount required would largely depend on the kind of property chosen by the investor and the facilities provided by the developer.

Kharadi

Another most sought-after location in Pune to invest in residential property is Kharadi as it is known as the residential corridor of the city. Kharadi along with Magarpatta, Yerwada and Viman Nagar are the ones witnessing considerable growth in IT sector, which attracts the professionals working and related with this field.

The location enjoys excellent proximity with other locations of the city along with Airport and Railway Station. Airport is just 10 kms away and it takes not more than 45 minutes to reach. To reach the nearest railway station one has to take the drive of merely 15 minutes. Kharadi is very well connected with Kalyani nagar, Koregaon Park, Samrat Ashok Road, Dhole Patil Road and Bund garden Road as well.

Kharadi is located near MH SH 27, due to which it is the preferred location for those travelling regularly to Pune central and other cities such as Ahmedabad and Baroda.

Kharadi too, offers the reasonable rates in real estate market. You can expect a 2-bhk unit within the range of Rs 40 lakhs. And if it is something hi-end and plush you are looking for, capital amount of Rs 80 lakhs would be more than enough.

Pirangut

Pirangut is yet another location that presents good potential for investors. It is well-connected with Hinjewadi. Besides this, the location is connected to National Highway 48 (NH 48), due to which Old Mumbai Highway is accessible to the residents of the location.

People living in Pirangut can access not just Mumbai highway but also Chandani Chowk and lawasa Road. Moreover, Maharashtra Industrial Development Corporation (MIDC) is located at this area of the city which ensures well-developed infrastructure and constant development in the locality.

A 2BHK unit can be easily availed within the range of Rs 18 lakhs to Rs 40 lakhs.

Pune is not just the IT hub but it has numerous well-known educational institutes and universities. So it is not just the professionals increasing the demand of residential properties but also the students that need smaller units. If you are planning to invest in Pune, you can expect considerable yield from investment in these locations in a relatively short period of time.