The Pune realty market has witnessed tremendous infrastructure development and undergone a massive transformation, from being the cultural capital of India to one of the fastest developing Smart Cities. There has been an increasing demand for luxury apartments in Pune and thus, opportunities for housing development and infrastructure.
It is no wonder that Pune’s infrastructure growth has made it a destination for real estate investment. If you wish to settle down in East Pune, here are four locations to watch out for:
Kalyani Nagar – The locality has an abundance of luxury and affordable housing development and infrastructure and a robust social and civic infrastructure. Due to steady infrastructure development and rapid growth of commercial developments in the vicinity, Kalyani Nagar is considered as a remarkably vibrant hotspot in Pune.
Residential projects in this area offer easy connectivity to both urban life and nature. Verde Residence is one such project that offers luxury homes with exceptional amenities.
Kalyani Nagar is connected to some renowned names in the commercial & IT space, like World Trade Centre, EON IT Park, Kharadi IT Park, Magarpatta Cybercity and Cerebrum IT Park. Amidst various development zones and locations, Kalyani Nagar stands out as a promising housing development hotspot.
Viman Nagar – Viman Nagar is an area that has facelifted thanks to the significant infrastructure development owing to its excellent connectivity with leading business centres like Giga Space, and ABIL Group’s Business Avenue. Viman Nagar’s connectivity with the Pune international airport has further aided in the area’s economic growth. The drive-in demand for residential properties along with the promise of future appreciation make Viman Nagar a viable destination for end-users and investors.
Hadapsar – Hadapsar is set along the East zone of Pune. It is strategically placed along the Pune-Solapur Road, also known as Mumbai-Hyderabad National Highway. The major growth factor is its exemplary road connectivity, the presence of employment opportunities and vast tracts of developable land. Hadapsar is also far more affordable than its neighbouring localities such as Magarpatta, Fatimanagar, and Camp. Ample land available at a moderate price coupled with its connectivity to schools, hospitals, malls, and colleges will also continue to drive commercial growth in the area and translate into housing developments as well.
Koregaon Park – Koregaon Park is an upscale locality which is located in the bustling hub of East Pune. This area is close to high-end shopping malls, restaurants, and pubs. It has connectivity to nearby working spaces, and proximity to Magarpatta City, which adds to its value. This also an affluent location dotted with establishments such as Osho International Meditation Resort and commercial structures like ABIL Boulevard.
Social infrastructure is promoted and developed on a large scale, marking this landscape with established educational, healthcare, hospitality, and retail brands. This makes for a lucrative investment or home-buying decision.
East Pune has witnessed significant development in the recent past. It enjoys smooth connectivity to major IT parks, airport and railway station along with other notable places in Pune such as Koregaon Park which is touted as the cultural and retail epicentre of the city.
These locations have seen quite a massive up-scale development in recent times. And, judging by the potential of Pune’s infrastructure growth, the rate and range of Pune luxury apartments are only going to rise.