Trending Locations to Invest in Pune Real Estate in 2024

Comments ยท 30 Views

Pune boasts the most vibrant real estate market for those eager to invest in the top residential buildings. With a wealth of professional and educational options, the city has become a great place to invest in real estate.

Here, you'll discover one of the best places to invest if you've searched for the best region in Pune. When buying a home in Pune, several top developers are developing the best properties in some top localities of the region.

Why Invest in the Best Residential Projects of Pune?

If you're considering investing in a luxury residential property in Pune, you can decide to invest in Pune residential real estate. However, there are a few things you need to think about, such as:

It is one of the most sought-after real estate hotspots among Tier-I cities because of the abundance of IT/ITeS establishments, beautiful weather, a large selection of affordable options, and greater Returns on Investment (ROI).

The primary motivating factors of real estate investment are the potential long-term gains a buyer could receive from a property.

Hinjewadi

Hinjewadi is a rapidly growing economy on the outskirts of Pune. You'll find numerous IT parks in the location, which makes it a desirable place for tech businesses and their staff to find a profession. The area's demand for residential real estate has significantly increased, with many developers now concentrating on creating villas and flats in the region.

Every developer in Pune thinks of the comfort and convenience that greatly depend on your location. The best IT sectors and lifestyles are easily accessible to those interested in living near Hinjewadi, thanks to projects like Kohinoor Westview Reserve, Shapoorji Joyville Sensorium, Lodha Panache, and others.

Kharadi

Kharadi is one of the developing neighbourhoods on Pune's border in the east. It is famous for its geographic position relative to Pune airport and its convenient accessibility to the city centre. There is high demand for residential and commercial property in the area, resulting in suitable projects launched by famous developers.

The connectivity by rail and road in the region is excellent. Pune Junction Railway Station is almost 11 kilometres away from Kharadi. Furthermore, the Ramwadi Metro Station on the Maha Metro Line 2 (Pimpri-Chinchwad to Swargate) is expected to decrease traffic and develop regional transportation.

Dhanori

It is a well-integrated micro market near high-end residential and commercial areas of Viman Nagar, Koregaon Park, Tingre Nagar, Vishrantwadi and Kharadi in Pune. As part of its social infrastructure, the locality has a good number of luxury 2 BHK flats in Pune with easy access to food stores and banks.

The local real estate market continues to grow significantly, thanks to the fact that Dhanori is located close to the Lohegaon International Airport and many prominent developers who have emerged in this region. The micro-market is heavily populated with high-rise flats and villas, many of which are registered on the RERA. The most popular homes in Dhanori are the Premium 2 &3 BHK flats at Kohinoor Viva City.

Hadapsar

Developing belt in the east of Pune, Hadapsar is a complex melange of IT parks, residential gated communities and offices. Hadapsar is a renowned locality in Pune which lies just at a distance of a few kilometres from various IT hubs like Kharadi (EON IT Park, World Trade Center), Phursungi (SP Infocity) and Magarpatta (Magarpatta Special Economic Zone).

The emergence of these IT hubs has made some of the world's biggest businesses settle in these areas. It led to a migration wave, higher demand for houses, better infrastructure and increased living standards in the ongoing region.

Wakad

The region is situated adjacent to Mumbai Highway and is also connected to Hinjewadi's Rajiv Gandhi Infotech Park bordering many large corporate towers and commercial complexes. In addition, a few of the commercial hubs in the region, which lie almost eight kilometres away from Wakad, increase the demand for real estate at Baner, Balewadi, and Aundh.

The social infrastructure has been named one of the major factors that have played a crucial role in helping Wakad to develop into an area where investors can invest their money. Within the surroundings are numerous reputed hospitals, schools and recreational grounds for leisure.

Mundhwa

The eastern side of Pune is a place called Mundhwa, which serves as both a residential and commercial area. It is located at about 4 kilometres, which makes it easy to enter notable job centres such as Kharadi and Hadapsar, making it an ideal real estate destination. Additionally, two major roads, N Main Road and Ghorpadi Road, pass through this area, linking the residents to each other for easier movement.

Easing up to the 700m long Magarpatta road is easier than it gets from the southern and northern borders that connect it with the Solapur-Pune highway and the Pune-Ahmednagar highway, respectively. Mundwa is located close to Hadapsar Railway Station and Pune International Airport, about 2 and 9 kilometres, respectively.

Mohammed Wadi

One of Pune's suburbs that is growing the fastest is Mohammed Wadi. It is tucked away among hills and lush vegetation. It is a logical choice for residential real estate as several top projects, such as Raheja Sterling Pune, are making headlines in the region. The project is known for its attractive surroundings and proximity to nature. One of the location's advantages is that it's well-connected to several important Pune areas via local and interstate highways and motorways. The construction of MG Road, NH-4, and NH-9 has made it easier for the locals to get to major employment centres like Hadapsar and the IT Park in Phursungi.

Mohammed Wadi is connected to important locations like Pune International Airport, Pune Railway Station, and Bus Depot by NIBM thoroughfare, the area's most important thoroughfare. The Katraj-Kondhwa-Phursungi-Solapur Highway's expansion has significantly improved Mohammed Wadi's overall connectivity. The location's close proximity to Wanowrie and other significant IT enterprises is further advancing the development of its infrastructure. Due to the proximity to the SP Infocity and Magarpatta City, many working professionals choose to live in the Mohammed Wadi area.

Final Words

Pune is a charming city widely known for its flourishing IT sector and delightful climate. Its vibrant tourism offers a wide range of educational opportunities with an abundance of investment opportunities. The residential real estate projects in Pune are known for their luxurious lifestyle.

However, it's important to consider several factors, such as accessibility, educational institutions, dining options, and lifestyle, before you figure out the best property to invest in.

disclaimer
Comments