Investments


North Of Pune

Aundh is one of the most affluent suburbs located in the northwest part of Pune, situated near the Mula River the well-known Aundh Chest Hospital is also located in this area. Other areas including Baner/balewadi/sutarwadi/dapodi Pune University and Khadki come in north west . Located within close proximity to Pune University and the technology park at Hinjewadi Aundh has significantly developed as a residential area. This locality is divided into the old Aundh gaon and the newly constructed suburban areas like National Society, Anand Park, Sindh Society, Chaitraban Society and Gaikwad Nagar, among others. Aundh is well connected to various central locations of the city such as Kothrud, Deccan, and Koregaon Park etc

University Road, Pashan Road, Baner-Aundh Road and Aundh-Ravet Road are the four major roads that connect Aundh to different parts of the city. Aundh is about 8 kilometers away from central Pune via the University road. This area enjoys close proximity to localities like Sangvi, Pashan, Balewadi, Baner and Shivaji Nagar and is located within a distance of 5-8 kilometers. The Pune Railway Station is approximately 10 kilometres away from Aundh and the Lohegaon Airport is about 15 kilometres away.The nearest railway station to Aundh is the Shivaji Nagar railway station which is located at a distance of about 6 kilometres. Aundh is surrounded by Baner road and Aundh-Ravet road on both sides. The stretch between Aundh-Ravet Road from Rajiv Gandhi Bridge in Sangvi to Ravet is planned to be developed as a Bus Rapid Transport (BRT) corridor. At present, the Aundh-Ravet road is linked to Wakad road wherein the intersection of these two roads forms a Y-junction. In order to offer a smooth and safe drive to Aundh, an underpass is scheduled to be constructed with a length of about 465 metres and a width of about 7.5 metres. The frequently running PMPML buses offer convenient commuting to major business districts like the Hinjewadi IT Park.

There are many renowned schools in Aundh offering excellent educational facilities. Some of these include D.A.V. Public School, Vidyanchal School, Hindustan Aerospace and Engineering and Spark Nursery School, among others. Reputed hospitals in the area include Aditya Birla Clinic, Medipoint Hospital, Saishree Hospital, Lifeline Hospital and Kotbagi Hospital. There are also several options for shopping in the area including Spencer, Sony World and Reliance Fresh. Schools and Hospitals.
There are many renowned schools in Aundh offering excellent educational facilities. Some of these include D.A.V. Public School, Vidyanchal School, Hindustan Aerospace and Engineering and Spark Nursery School, among others. Reputed hospitals in the area include Aditya Birla Clinic, Medipoint Hospital, Saishree Hospital, Lifeline Hospital and Kotbagi Hospital. There are also several options for shopping in the area including Spencer, Sony World and Reliance Fresh.

With the demand driven by IT professionals and migrants, residential properties in Aundh have been developing rapidly. Factors like close proximity to Mumbai-Pune highway and connectivity to Shivaji Nagar, Aundh has become one of the most preferred residential areas. Increase in demand for property in Aundh has risen significantly, especially due to the large number of professionals working in Hinjewadi. Developers like Pride Housing, Kumar Properties, Pride Purple and Pristine Properties have launched numerous luxury housing projects in Aundh. Pride Housing Aloma County, Siddhashila Group Aabha, Pride Purple Group The Spires and Pristine Properties Privilege are some of the most popular residential projects in Aundh. The unit size of apartments is between 600 sq. ft. to 5000 sq. ft. The price for a residential apartment in Aundh starts from Rs 8500 per square feet. There are 15 projects currently under construction and 6 are due to be ready for possession in this year.

South of Pune

NIBM/Wanowrie /Mohammadwadi /Undri is one of the most prominent locations of Pune and is located in the south western part of the city. It is surrounded by Purandar taluka in East, Velhe taluka in West, Pune taluka towards North and Pimpri - Chinchwad towards South. Undri is located within close proximity to Hadapsar, IT Park in Phursungi and the well-developed residential areas of NIBM Annexe, MG Road, Wanowrie, Pune Camp, Lulla Nagar, Bibvewadi, Fatima Nagar, Katraj-Kondhwa Bypass and Solapur Road. This area is mostly dominated by IT professionals working in companies like Accenture, Amdocs, Centillion Technology Pvt Ltd and John Deere Technology Centre, among others.

Undri is situated within proximity to the Mumbai-Pune bypass and is about 7 kilometres from NH9. Katraj - Hadapsar bypass road and Mohammadwadi Road connect Undri with Hadapsar, the eastern IT hub of Pune. NIBM Road that links with Pervati Road connects this locality to the Pune Cantonment area. Undri is also well-connected with central parts of Pune via various local and interstate highways and expressways like Mumbai-Bangalore Highway (NH 4) and Pune-Solapur Highway (NH 9).
This area also enjoys good connectivity to Pune Railway Station which is about 8 kilometres away and Pune Airport, which is about 12 kilometres away. As far as public transport is concerned, Undri is served by PMPML buses and shared autos that regularly ply on this route. To improve connectivity, the Katraj-Kondhwa-Phursungi-Solapur highway is in the process of widening up to 60 metres. To ease traffic congestion on Pune and Pimpri - Chinchwad roads, the state government has proposed the 170-kilometre long Pune Ring Road project. On completion, this ring road will be interconnected with highways like Mumbai-Pune-Solapur, Pune-Satara, Pune-Nashik and Pune-Ahmednagar. It will be a 6-lane road with two service lanes and will connect fringes of Lonikand, Undri, Pashan, Baner, Wakad and Dehu. This project will be completed in four phases.

There are several schools, restaurants, shopping centres, hospitals and banks in Undri. Some of the eminent schools offering quality education in the area are The Bishop's Co-Education School,Euro school , Vibgyor High International School, Delhi Public School, Serra international pre-school (NIBM) and The Trinity School. Well-known hospitals in this region are HV Desai Eye Hospital, AFMC and Inamdar Multi-specialty Hospital and Ruby Hall Hospital. Amanora Town Centre, Royal Heritage Mall and Inox are some of the entertainment centres not far away from undri.

Undri has witnessed real estate development in the past five years before which it was mainly a forest land. It is now a rapidly developing area and is becoming a hot spot for residential property investment.
Located close to the Ring Road which is under construction, the prices of property in Undri are expected to increase in the future. Multi-storey apartments, villas and row houses are the most popular types of residences in the area. Many leading developers like Marvel Realtors Goel Ganga, Kolte Patil, Kumar Properties and Godrej Properties have come up with big projects in this area including Kumar Properties Kumar Palm Meadows, Goel Ganga Sai Ganga, Kolte Patil 24K Allura, Godrej Godrej Horizon and Lushlife Developers Centro. The average price of an apartment in Undri is Rs. 4,148 per sq. ft. with unit sizes ranging from 506 sq. ft. to 3,705 sq. ft. A total of 44 projects are currently under construction and 17 are due to get possession in 2014. Due to its close proximity to IT companies, well-developed social infrastructure and enhanced connectivity, Undri will always be in great demand from an investment perspective. All these factors indicate that buying residential properties in Undri will fetch good returns in the near future.

East Of Pune

Kharadi is located in the eastern corridor of Pune. This small suburb is located in the western boundary area of PMC limit and has experienced phenomenal growth in the past few years. The EON free zone is a prestigious development project that spreads over 45 acres of land area in the MIDC Knowledge Park area of Kharadi. This SEZ project has four leaf clover shaped buildings along with a residential block. Each building has a built up area of 10, 00,000 sq. ft. The presence of corporate giants like Synechron, Eaton, Wipro, Reliance, Polaris, Tata Communication and Zensar has made Kharadi a paradise for IT professionals. Amanora Park Town, a township project is located on the Hadapsar-Kharadi bypass road. The growing automobile and IT sector on the Nagar Road are the major drivers for employment in Kharadi. It is located within close proximity of the Hinjewadi IT hub and other commercially developed areas like Viman Nagar, Mundhwa, Ranjangaon, Nagar Road, Sholapur Road, Wagholi, Hadapsar, Kalyani Nagar and Koregaon Park. After Pimple Saudagar and Wakad, Kharadi is the third most preferred residential destination in Pune.

The IT hub of Kharadi is positioned on Kharadi Road that runs parallel to Wadgaon Sheri. This locality is excellently connected to other parts of the city through MSRDC Kharadi-Mundhwa road. The PMC has proposed to construct a 23-kilometer, six-lane riverside road from Kharadi to Shivane along Mula-Mutha in three phases. Work on two phases, that is, Shivane to Mhatre Bridge and Mhatre Bridge to Sangamwadi Road is currently under construction. A 6-kilometre long road from Shivane to Mhatre Bridge will be constructed in the first phase and an 11.8 kilometre long road will be built from Sangamwadi to Kharadi in the second phase. These roads will run parallel to the main road connecting Yerwada to Kharadi. It will pass through Wadgaon Sheri, Kalyani Nagar and Mundhwa Bridge and will directly link Karvenagar, Kothrud and Deccan Gymkhana areas to Ahmednagar Road. The proposed Lohegaon-Kharadi-Wagholi road project is another important development that is undertaken by PMC.The Pune Airport is situated at a driving distance of 8 kilometres and the railway station is about 15 kilometres away from Kharadi. Kalyani Nagar and Koregaon Park are about 5-6 kilometres away from Kharadi. The newly widened Nagar Highway, new MIDC acquisition at Wagholi and Lonikand are contributing a lot in transforming Kharadi into a preferred residential destination.

Several well-known schools offering quality education in Kharadi Road include Zensir High School, Nirmala Convent, URSAL College, City International School, Shankarrao College of Pharmacy and Rising Stars English Medium School. Hospitals offering good medical facilities are New Municipal Hospital, Prathmesh Hospital, Rakshak Hospital and Aditya Hospital. Real Estate in Kharadi. With the advantage of an excellent location, Kharadi is developing as one of the most sought-after and rapidly growing localities in Pune. Situated within close proximity to IT hubs and the industrial areas of Ranjangaon, the demand of residential properties in Kharadi by IT professionals is growing rapidly. Developers like Kolte Patil, Panchshil Realty and Nyati Group have constructed several projects in this locality. Kolte Patil Signature Meadows, Panchshil Realty Panchshil Towers, Vascon Developer Forest County and Nyati Group Nyati Elysia are some of the notable projects in Kharadi. Tuscan Estate by Kolte Patil Developers is one of the lavish residential projects in Kharadi that is spread across 13 acres of lush greeneries. Unit size of apartments in this locality range from 483 to 5,375 sq. ft. The average price of apartments in Kharadi is Rs 5,443 per sq. ft. A total of 43 projects are under construction and 18 are due to get possession in 2014. Indeed, investing in property in Kharadi Pune will significantly result in lucrative returns in the near future.

West Of Pune

Hinjewadi is located towards the west of Pune and is 21 kilometres from the Pune Railway station. Over a period of time, it has developed into one of the biggest industrial areas of Pune, transforming from a sleepy village to a bustling neighbourhood. Hinjewadi is also home to historical attractions such as Shaniwar Wada, Vishrambaug Wada and Aga Khan Palace. The pride of Hinjewadi is its state of the art 500-acre Rajiv Gandhi Infotech Park which hosts a cluster of IT/ITES and BPO units. It houses some of India's largest IT conglomerates like Wipro, Tech Mahindra, TCS, Infosys, IBM and Cognizant. Hinjewadi is being developed in multiple phases. Phase 1, 2 and 3 are completed and further development has been planned from phase 4 onwards. Due to rapid development in the area, Hinjewadi faces heavy traffic congestion during peak hours. To avoid traffic jams, HMVs are not allowed to enter the area from 8.30 to 11.30 AM every day.

Hinjewadi offers easy accessibility to Mumbai via the six-lane Pune-Mumbai Expressway, and also to Tathawade (which houses several educational institutions) through the Mumbai-Bangalore bypass. To cater to the residential demand of the migrating IT population, Hinjewadi is witnessing several proposed and ongoing development of residential projects, serviced apartments and five star hotels. With excellent means of road transport, Hinjewadi connects to Pune which is about 25 minutes to an hour's drive while the Mumbai International Airport is about a three-hour drive away. Mumbai-Pune Highway also connects Hinjewadi to the Lohegaon Airport which is about a 45-minute drive away.This location is highly attractive due to its proximity to the industrial belt of Pimpri and Chinchwad. This has also facilitated residential development of nearby areas like Wakad, Balewadi, Aundh and Baner.

Hinjewadi is also famous for its various reputed educational institutions. These include te Symbiosis Infotech Campus, Mercedes Benz International School, Blue Ridge Public School and Symbiosis Institute of International Business. There are also several healthcare centres in the area such as Sanjivani and Hinjewadi Hospitals. Hinjewadi is also situated close to places for recreation such as Katraj Snake Park, Saras Baug and Lonavala.

Well-developed residential properties in Hinjewadi are high on the wish list of property buyers. Key projects in the area include Pegasus Properties Mystic, Viijcon Cellandine and Kolte Patil Life Republic. Unit sizes in Hinjewadi range from 600- 1800 Sq. ft. Life Republic by Kolte Patil Developers is a luxurious property in Hinjewadi being constructed on 400 acres of land. There are 23 projects which are under construction though most will be delivered in 2-3 years. The average price for an apartment in Hinjewadi is Rs 5000 per sq. ft.