Top 5 areas in Pune for Investment.

By Abhay Harish Shah, Realty Quarter

A large number of investors are investing in Pune due to its increase in infrastructure, Urban Lifestyle, and Pleasant climate.

It is considered to be the perfect mix of an urban lifestyle and a peaceful atmosphere it offers. If you are looking to buy a house in this city, then this article will help you with the most demanded and up trending areas in Pune. We have listed Top 5 localities in Pune, which can maximize an individual’s investment.

1) Hadapsar:

Average Price: Rs 5,800.

Hadapsar is an eastern suburb and is a prominent property location in Pune that offers premium rates because of its growth in and around the area. Hadapsar is one of the fastest increasing areas in Pune and is encircled by unique economic places such as the Magarpatta City, the Amanora Parktown and Fursungi IT Park (SP Info city), home headquarters of some of the city’s prominent IT companies.

The locality is also expected to be connected to a metro network. The area is already well connected by road and has a well-designed social infrastructure.

Type of Projects: For those who plan to invest in Hadapsar, there are extensive choices available. There are more than 310 projects accessible for investments which are in distinct stages of development. More than 250 of them are ready for possession. One might invest in 1BHK-5BHK flats with starting prices between Rs 33 lakh and goes up to Rs. 4.77 crore.

2) Wakad:

Average Price: Rs 5,800.

Wakad is one of the leading housing marketplaces in Pimpri-Chinchwad for those who work at the IT hubs in Hinjewadi. The area is connected strongly, with the development of civic and social facilities. It is located near the Mumbai-Pune Expressway, which links it straight to India’s financial capital. The area is also having a good road network throughout the town. Also, Wakad is going to be the part of the Pune’s Metro rail network in the near future.

Type of Projects: The area offers the greatest number of projects for the buyers of property in Wakad. More than 400 projects, out of which 285 of them are prepared for ownership, 87 more are being built and over 25 have been lately introduced. These initiatives offer 1BHK-4BHK flats for a starting cost range from Rs 32.3lakh to Rs 1.37 crore.

3) Kharadi:

Average Price: Rs 5,710

Kharadi is an established real-estate market in the eastern suburb of Pune which includes the MIDC Knowledge Park. The area is renowned for its excellent catering characteristics for home buyers seeking premium and luxury flats. The locality is 10 km from Pune’s international airport and is easily accessible via a powerful road network to the remainder of the town.

Type of Projects: Homebuyers can choose from 210 projects in Kharadi. About 160 of these projects are prepared to be taken over while 39 are being built. Recently, 14 additional projects were introduced. The flats in Kharadi can now be configured as 1BHK-5BHK, with a starting cost varying from Rs.32.5lakh to Rs.4.8 crore.

4) Hinjewadi:

Average Price: Rs 5,500

Hinjewadi is one of the leading commercial centres in Pune. Hinjewadi occupies houses for many IT companies and multinationals as it has the 500 acres Rajiv Gandhi InfoTech Park. The area provides also extensive housing options and advanced facilities so that it is suitable for those who work in the region. The locality has been created in four phases, three of which are fully established and the fourth phase is still under-develop.

Hinjewadi has good road connectivity to other Pune localities. But Pune Metro will take place in a couple of years via Line-III in Hinjewadi. Work is anticipated to begin in a couple of months on this path.

Type of Projects: A homebuyers or investors can select from 160 projects in Hinjewadi. Out of which 80 of them are in ready to move state and nearly 50 are under construction. The price range for the apartments is Rs.29lakh – Rs.91 lakh which consists of flats in 1bhk-4bhk configurations.

5) Wagholi:

Average Price: Rs 4,000

Wagholi has turned into a Housing Hotspot before its used to be an industrial centre. It is near to the four-lane highway between Pune and Ahmednagar, which is near to other business hubs, including Hadapsar and Kharadi. With the implementation of the flyover between EON IT Park and Wagholi, road transport in the area is anticipated to improve. This locality, which is still in growth, offers land at inexpensive rates relative to its neighbours.

Type of Projects: More than 317 projects are in various stages of development in Wagholi. Over 200 of these projects are accessible for ownership while 90 are being built. These projects offer flats in configurations of 1BHK-4BHK. The flats can be purchased at an initial price of Rs 22lakh to Rs 59 lakh.