Posted on: 28 November, 2015
With the growth of the IT hub in the Pune region, the real estate market is one the move as most of the Pune-ites are looking for new home that would be close to their workplace. Mumbai is contributing the rising queries of Pune and it is helping in evolving the infrastructure and availability of quality life in their upcoming projects.
You will find some of the prominent builders who have gathered in and around Pune to usher their dream projects and let residents enjoy a new way of living. The global real estate tycoon, Donald Trump also bought a property in the city and further researches are showing that Pune is one of the hottest property destinations across the map of India.
Here are the prominent suburbs, which have become the apple’s eye among the real estate builders. The place where you can get apartment withinINR 35-40 Lacs.
Wagholi-Bakori is one of the possible localities in Pune that has to be included in the city limits. At present, the area is now under the Gram Panchayat and they have witnessed flurry of new projects in recent times. Since builders wants to save taxes, which they have to pay to authority, when they need to acquire the approvals for the apartments. The region lies very close to the airport and this is yet another reason to make it a dream site for the NRIs to invest.
This area is very close to Magarpatta city, which is another IT hub of Pune. The people who cannot find budget homes in Magarpatta can stay in Hadapsar and Manjri as the place provides the same location advantage as the previous place. However, monsoon is a little troublesome but the range of options one can find here is not possible to find anywhere else. The projects coming up here are at their possession stage and maximum ready to move units in the area across the city.
NIBM Road/ Katraj Kondhwa Road
NIBM/Katraj Kondhwa Road is one of the prime suburbs that have gained popularity because of their neighborhood. The area possesses well-developed infrastructure and includes some of the good eating joints, school and shopping malls. This is one of the grand attractions among investors and the resale value is also quite high.
This place is going to see some of the upcoming grand projects. Undri has turned out to be the locality with premium fabric. The luxury projects that are building around in this location enjoy lush green vegetation and enjoy closeness to Pune camp. This area(Undri) is well connected with the State Highways and spill over the demand from NIBM Road.
Kondhwa Roadis seeing the flock of retired people from army and government since a number of years. The smooth connectivity has now made it a prime choice for the IT people also. It share closeness to IT parks at Hadapsar and Magarpatta, and seeks huge demand from IT workforce. It just takes 20 to 30 minutes to reach the workplace. Many projects are coming up in the area(Kondhwa) to fit in the budget home within a stipulated range.