- 26 June 2018
The historic city of Pune has witnessed significant development over the last two decades or so. What was once popularly referred to as the ‘Oxford of the East’ is now a vibrant IT and manufacturing destination, and home to a young workforce that prefers the city for its employment and education opportunities; family-friendly, balanced lifestyle; green, open spaces; varied residential options and pleasant weather.
Millennial homebuyers are now increasingly considering Pune for permanent residence. There are many Pune localities that already boast the presence of reputed real estate developers such as Mahindra Lifespaces. In this article, we list four neighbourhoods in and around Pune that are fast-growing hotspots when it comes to buying property in Pune.
Talegaon is situated at an altitude of 2,200 ft. It is located between the two metropolitan cities of Mumbai and Pune. This town has a hill-station like climate, all through the year. With property markets in Mumbai and Pune increasingly saturated, home buyers are looking to invest in new destinations in the outskirts of major cities, rendering Talegaon as an attractive alternative. Talegaon is recognised as a good residential property investment destination, especially by investors from Mumbai. It is at a higher altitude than Lonavla and has excellent environmental attributes. It is well connected by expressway, national highway and railway.
Hinjewadi is one of Pune’s prime real estate hotspots, thanks to the Rajiv Gandhi Infotech Park and consequent accelerated growth in the working populations. It is located off the Katraj-Dehu bypass road. Hinjewadi contributes significantly to the state’s total IT exports – and with more than 400,000 professionals employed in here, Hinjewadi is a vitally important economic hub in Pune. Hinjewadi is home to many self-sustaining townships popular with the region’s working population. Hinjewadi has well-developed physical infrastructure and enjoys good connectivity to core Pune areas as well as Mumbai.
Another upcoming area in Pune is Ghorpadi in the Desh or Paschim Maharashtra region. Ghorpadi is located between Koregaon Park in the North and Solapur Road in the South. Relatively peaceful and green, Ghorpadi has today emerged as a preferred residential destination. In the recent past, several real estate developers have explored the area. Flats in Ghorpadi are typically spacious, with modern features and amenities. The area also hosts many schools and colleges. Ghorpadi is well-connected to areas such as Hadpsar, Mundhva and Pune city by road.
Pimpri is situated South-East of Mumbai, in the North - West quadrant of Pune. Pimpri is one of the most prominent industrial destinations outside of Mumbai. Situated on the Deccan Plateau and surrounded by hills, accessibility to Pimpri by road is excellent. Pimpri Chinchwad is situated on the confluence of NH-4 (the Mumbai-Bangalore highway) and NH-50 (the Pune-Nasik highway). Pimpri is today one of the most favoured areas to reside in Pune. The area is well-planned and is conveniently connected to Pune city. Modern infrastructure, social amenities and abundant residential development make it one of the most sought-after areas of Pune. Mahindra Lifespaces project Antheia is located in Pimpri and is nearly 80% sold out. Antheia is Mahindra Lifespaces’ fourth residential project in Pune.