5 Booming Areas to Look for New Projects in Pune
Pune’s appeal as an investment destination for home buyers continues to gain in magnitude with each passing day. New project launches, remarkable strides in the path of being transformed into a Smart city, metro rail project work underway in full swing, improving civic infrastructure; Pune is experiencing a facelift in all possible dimensions.
The time is opportune for investing in new projects across Pune. This post narrows down the gaze on top 5 booming areas that should feature prominently in your shortlisted investment portfolio.
1. Kalyani Nagar
Situated on Pune’s Eastern Corridor, Kalyani Nagar’s strategic location has endeared it to IT companies. Among the new residential projects in Pune, the ones coming up over here can prove to be the dark horses. This can be attributed to the stellar attractions over here like optimized civic infrastructure, closeness to airport, railway station and Pune-Mumbai Expressway as well as proximity to Koregaon Park, Viman Nagar, Kharadi, and Hadapsar.
Development rate is highest and Estate Agents Association of Pune had already declared it as one of the most lucrative real estate investment destinations. Ease of commutation and the recent spurt in industrial growth add to the location’s charm. The familial set-up of the area further improves its livability index.
Crowning Pune’s western boundary, Wakad’s potential of offering rich appreciation on real estate investments is hidden to none. Real estate dynamics is favorably impacted by Wakad’s location in infrastructurally well-developed PCMC area in the vicinity of Mumbai Pune Expressway and vibrant Hinjewadi IT hub.
Wakad also finds a place in the route of upcoming Pune Metro project. New projects in Wakad attract significant attention from young property investors in the age range of 30-40. Before demonetization, properties experienced an annual appreciation of 15-18% and it is expected that same trend would be reinstated shortly.
Wagholi, on Pune’s eastern periphery, is ideal investment ground for real estate enthusiasts. Located strategically on Nagar Road, Wagholi is well-connected to corporate hotbeds like Bund Garden, Hadapsar, and Kharadi. The vibrancy of the place gets a boost from its proximity to flourishing IT locale of Magarpatta, Pune Airport, and the industrial belt of Shikarpur Chakan.
You can assuredly put your money in newly launched projects in Wagholi. 1-2 bhk flats are affordable, social infrastructure is gradually improving, reputed schools and engineering institutions are located here, and Pune Development Plan going to be rolled out soon would further add to its appeal.
Baner had emerged on Central Pune’s real estate landscape to offer home buyers inexpensive alternatives compared to its relatively expensive neighborhood.A number of 1 bhk new projects in Pune are coming up in this locality.
Price appreciation of properties has been in the range of 20-25% per annum prior to demonetization. The serene surroundings, developed state of civic infrastructure, and closeness to Hinjewadi and Pune Mumbai Expressway render it ideal for investing.
Aundh by virtue of its proximity to Hinjewadi IT Park has always enjoyed the propitious looks of real estate builders, primarily to attract high-income group investors. Aundh’s strategic location in Western Corridor as well as developed social and civic infrastructure has rendered it the ultimate choice for home buyers.
Although the number of new projects being commissioned in Aundh is low, new projects in Pune are still being launched by reputed builders for investors of all income groups.
Pune is on the cusp of becoming a smart city. Book your property now before the price starts escalating at a rapid pace.