As the micro-markets are developing and upcoming locations with huge scope for infrastructural development, they have always been on the topped the list of homebuyers and investors. Recently, there have been many announcements for the development in Pune city which made micro-markets jump into the race, giving a tough competition to the prime localities of Pune. Looking at the developments and upcoming projects, many are planning to invest in the micro-markets but are unsure of which localities would give them the best return on investment. To make it easy, we have collated all the information just for you!
Here are the top 4 micro-markets in Pune to ace your real estate investment!
Kharadi, located in east is a well-planned location in Pune with seamless connectivity, commercial prominence, and premium inventory supply. Its easy access to commercial and residential areas of Koregaon Park, Viman Nagar, Wagholi, Magarpatta, Kalyani Nagar, Hadapsar, Cyber City, Chandan Nagar and Mundhwa have encouraged investors to move towards Kharadi. A bypass road connecting Pune- Ahmednagar State Highway to Pune-Solapur National Highway is one of the important highlights of Kharadi. Its neighbouring localities like Keshavnagar, Manjari, Magarpatta, Hadapsar & Mundhwa provides a wide range of inventories of budget homes as well as the premium home with good ROI and highest yield rental return.
The premium builders/developers in this area include, Lodha, Vilas Javdekar, VTP, Godrej & Goel Ganga is anticipated to boost Kharadi’s overall infrastructural growth. The upcoming 43 acres IT park to be developed by Hines in partnership with Goel Ganga Corporation. With this, the planned metro corridor from Hadapsar to Kharadi under Pune Metro Phase-II will also augment realty expansion along with improved connectivity. The two flyover projects at Kharadi Bypass Chowk and Nagar Road, a riverside road is also planned from Bund Garden to Mundhwa Bridge to streamline traffic movement in Kharadi. Besides, the upgradation of road infrastructure at the cost of Rs. 123 crore is also in the pipeline.
Dhanori, located in northeast of the Pune city is a developing suburb near Pune International Airport. It is known for its social and commercial infrastructure in proximity with massive scope of development, which is also expected to fuel the demand for residential sector. Dhanori is surrounded by good residential suburbs such as Tingre Nagar, Vishrantwadi, Lohegaon, Viman Nagar, and Wagholi. Its stable connectivity to Nagar Road makes Dhanori a hot spot destination for all the working population in and around east Pune. These easy accessibility & connectivity have primarily contributed to the rise in property values of Dhanori. With a focus to improve infrastructure and facilities in Dhanori, government has also joined the mission by announcing some of the prominent infrastructure projects. The availability of land and upcoming infrastructure projects have collectively contributed to the growth of Dhanori attracting builders and developers for its development in future. The eminent builders include Pride Groupm Nyati Group, Goel Ganga Developments and Kohinoor have made this location more promising for future investment by launching their township spread across acres of land.
With many IT companies occupying the substantial area in Baner, it is an upcoming residential and business center in Pune that offers excellent employment opportunities with easy access to the IT parks in Wakad, Balewadi, and Hinjewadi. The upcoming metro lines with biggest junction at Pashan, have already fueled the demand for residential segment. The developers such as Kolte Patil and Kunal are launching 3 and 4 BHK apartments with luxurious amenities to offer the splendid experience of living in a high-class society. The property rates in this area starts from 1.5 crores – 2.5 crores with good ROI while rental rates starts from 15k to 32k and above for 1 BHK, 2 BHK and 3 BHK apartments.
One of the highly regarded economic center is Hinjewadi, also known as the IT hub of Pune, is well connected to Aundh and Baner. Its proximity to two most well-liked highways are Pune-Bangalore Bypass and Mumbai-Pune Expressway, which improves the connectivity directly to the two main metropolitan cities. Besides, its social infrastructure offers you the best education institutions including Sinhgad college, MIT, Indira College, Pune University, and medical facilities that includes Medpoint, Sahyari Hospital, Lata Mangeshkar Hospital, and Aundh Chest Hospital making Hinjewadi an ideal destination for real estate investment in residential segment increasing the chances of investors to yield high return on investment. The rental rate in Hinjewadi starts from 14k to 24k and above for 1BHK, 2BHK and 3BHK apartments.
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