Pune is the second-largest city of Maharashtra and one of the most thriving cosmopolitan areas of our nation. It enjoys close proximity to the financial capital, Mumbai and is amongst the strongest contenders of real estate investment hotspots. If you are looking to purchase ready possession flats in Pune, you may want to consider premium residential townships such as Western Avenue Wakad.
This article lists the top 5 areas in Pune that are expected to see unprecedented growth in the near future –
Located in the Eastern corridor of Pune, Kharadi is a well-established property market playing host to a wide range of industries including IT, ITeS, retail, education and more. From affordable housing to premium and luxury segments, it offers more than 210 projects that homebuyers can choose from.
Out of these projects, 39 are under construction whereas nearly 160 are ready for possession. 14 new projects have been launched recently. The average property prices are in the range of Rs. 32.5 lakhs to Rs. 4.8 crores. Kharadi also enjoys easy accessibility through a strong road network.
Undri has transformed from a sleepy suburb in South Pune to a fast developing real estate destination. It enjoys exemplary connectivity to other prime parts of the city. The development of Pune Ring Road is further set to facilitate swift travel to the commuters.
Some of the most renowned IT hubs are housed in the area making it an attractive option for working professionals. The land rates in Undri fall in the price range of Rs. 3,900 to Rs. 5,200 per square foot. The best-in-class social infrastructure further helps Undri to emerge as one of the most sought-after localities.
Hinjewadi features among the prime commercial centres in the north-western suburb of Pune. It is home to the 500-acre Rajiv Gandhi Infotech Park and makes for an excellent real estate investment option.
There are ample of residential housing options from 1 BHK apartments to luxurious villas in the region to cater to homebuyers of all segments. Over 160 projects are available for investors to choose from; out of which 80 are ready to move in. Over 50 projects are under construction. The average price range of 1 BHK to 4 BHK apartments is Rs. 29 to Rs. 91 lakhs.
Located on the western fringe of Pune, Baner is emerging as a promising real estate hotspot for homebuyers. It enjoys a strategic location and is well-connected to the other significant parts of the city via arterial roads like Baner Road and the Mumbai-Bangalore Highway.
Commercial offices such as ICC Trade Tower, Nanospace IT Park and RMZ Westend have driven the rental market of Baner by attracting job seekers in huge numbers. The area has seen a price hike in the property prices from Rs. 5,600 per square foot in 2014 to Rs. 7,000 per square foot in 2019.
Located at Pimpri-Chinchwad, Wakad enjoys a livability score of 9.4 and is among the best residential markets in Pune. The developed public, private and social infrastructure has made this region a favourite amongst new homebuyers.
It enjoys easy connectivity to other neighbouring areas through its robust road network. With over 400 projects to choose from, there are plenty of housing options from 1 BHK apartments to 4 BHK apartments and villas. The average price range is Rs. 32.3 lakhs to Rs. 1.37 crores.
Looking to invest in Pune property like Western Avenue Wakad? You can avail a home loan from Bajaj Finserv Homes & Loans on easy EMIs to purchase your dream home. It offers home loans up to Rs. 3.5 crores.