The 3 Upcoming Real Estate Hotspots in Pune
- 13 May 2020
Renowned as the ‘Oxford Of The East’ and an IT City, Pune is an education and employment hub, attracting students, corporate executives, home buyers and investors from all over India and abroad. A confluence of culture and nature, the city is often called ‘The Pensioner’s Paradise’. It is a stronghold of historical monuments, heritage architecture and festive celebrations and is blessed with serene greenery, lush hills and a quiet, pleasant climate. But Pune is also famous for its young crowds, buzzing nightlife, shopping paradise and gastronomical experiences.
All of these factors have led to Pune being ranked as the #1 liveable city in India. It’s no wonder that the city is a booming real estate investment destination. If you’re looking at investing in properties in Pune or wish to settle down in this city, here are the 3 micro-markets in Pune to watch out for:
- Hinjawadi – The biggest IT hub in Pune, Hinjawadi makes for a lucrative investment or home-buying decision. It is easily one of the top realty hotspots with a wide range of offerings from premium to mid-range residential projects.This north-western suburb is located off the Dehu-Katraj Bypass. It is well connected to the key localities of Pune and enjoys great connectivity to Mumbai and Bengaluru as well, via the Pune-Bangalore Bypass and Mumbai-Pune Expressway. The proposed metro route between Hinjawadi and Shivajinagar will enable easy commuting to the PMC, PCMC and MIDC areas. The Pune Airport is 25 km away via the Hinjawadi-Aundh Road.Major IT centres such as the Rajiv Gandhi IT Park, Embassy Techzone, Quadron Business Park and Blueridge have led to an influx of IT professionals from all over India. Hinjawadi has witnessed accelerated development across industries like biotechnology, IT, manufacturing, pharmaceuticals, and automobiles. Reputable educational institutes like Pune University, Sinhagad College, Indira College, and MIT are nearby. Salient healthcare facilities like Aundh Chest Hospital, Sahyadri Hospital, and Medpoint are in the vicinity.
The drive in demand for residential properties along with the promise of future appreciation make Hinjawadi a viable destination for end-users and investors.
- Baner – Amidst the saturated micro-markets in Central Pune, Baner stands out as a promising real estate hotspot. The locality has an abundance of luxury and affordable housing properties for end-users and rental options for IT professionals.Baner is set along the western edge of Pune. The Mumbai-Bengaluru Highway and Baner Road are the arterial networks that connect the suburb to surrounding localities. The Expressway runs off the Katraj-Dehu Bypass (NH 4) right next to Baner.Baner’s rental market has witnessed growth due to the locality being in proximity to the Hinjawadi IT hub, as well as the IT parks and business spaces in Aundh and Kothrud. Commercial offices like Nanospace IT Park, ICC Trade Tower, and RMZ Westend have attracted IT professionals to Baner. Neighbouring industrial areas like Pirangut, Talegaon and PCMC, further contribute to the growing residential demand among working professionals. The robust social and civic infrastructure have further boosted growth. If you’re looking for investment opportunities in real estate in Pune, Baner is one of the emerging residential micro-markets.
- Pimpri – Once a rural locality in the outskirts of Pune, Pimpri-Chinchwad has flourished into one of the hottest residential destinations today. Pimpri-Chinchwad is well-connected to the surrounding suburbs via the Wakad Road, the Mumbai-Pune Expressway, Kalewadi Main Road and Spine Road. The Pimpri Chinchwad Bus Stand and the Shivaji Nagar Bus Stand facilitate bus services across the area. There are railway stations located at Pimpri and Chinchwad. The Pune Airport is a 40-minute drive away.The locality houses a rapidly developing industrial and commercial zone and is in close proximity to multiple IT hubs and MNCs. Rajiv Gandhi InfoTech Park is 10 km, DLF Akruti IT Park is 15 km, Panchshil Tech Park is 8 km and International Tech Park is located 11 km from Pimpri-Chinchwad.The boom of the IT and industrial sector has attracted more and more end-users and investors, in turn, leading to a rise in retail, hospitality, social, civic and residential development. There are renowned schools like the Good Samaritan School, Wisdom World School and Mount Litera Zee School. The reputable hospitals include the Ratna Memorial Hospital, Aditya Birla Memorial Hospital and Seth Ramdas Shah Memorial Hospital & Research Centre.
The rise in residential demand can be attributed to the growing number of migrating employees. There are a plethora of properties coming up that cater to a diverse range of home-buyers and their needs.
Mahindra Antheia, set in the bustling suburb of Pimpri in Pune, is one such property by Mahindra Lifespaces. The residential development offers spacious flats in Pimpri with an array of recreational amenities in the premises. Set in a location with peaceful, green surroundings, the project is in proximity to some of the finest entertainment and educational facilities around. If you’re looking for 2.5 or 3 BHK flats in Pune, zero down on properties in these finest residential hotspots in the city.