Which are the Best Five Emerging Areas to Buy Property in Pune?
Pune has become a great place today for peaceful living! Pune’s geographical area has top potential to flourish totally. The expansion of properties has grown rapidly. The IT parks and commercial complexes in the suburbs have created huge demand from buyers to buy better property in Pune. This has led to better living spaces and the best social infrastructure. The new suburbs in Pune provide easy commuting from commercial hubs to the residential areas and boast of new real estate projects! There are new infrastructure projects, namely the Mumbai-Pune Expressway and Pune-Bangalore Expressway, which have become major factors in making the city the best location in terms of preference for people to buy flats in Pune! In this blog, we will see Best Place to Buy a House in Pune.
Pune has become an internationally sought-after business destination due to the rise in trade and commerce, education, IT, Tourism, and agricultural sectors. The central locations have become congested and crowded. Therefore, there is new demand for these new areas!
As rates of Property in Pune have gone sky-high, expansion in the smaller areas in the vicinity. The developers have started to develop in many top market areas. The city suburbs have been flourishing in recent years, primarily due to the better infrastructure that has made connectivity easier. Suburban markets like Charholi, Bhima-Koregaon, Tathwade, Hinjewadi, Wakad, etc., were considered low-key markets ten years ago but are now evolved today as main geographical areas. There have been more and more IT parks and commercial complexes. The market has great demand, and the real estate projects are increasing!
Charholi :
Charholi is fast developing as a sought-after place by buyers and developers alike. The area has best of the connectivity to Talwade IT Park, Pimpri-Chinchwad MIDC, Chakan MIDC, Markal MIDC, Hinjewadi, Mumbai- Pune Highway, etc. It has popular educational institutes around.
Connectivity:
It is located approximately 23 km from Pune, travelling through Alandi road. It is roughly 17 km from Pune railway station and only 6 km from the Pune International Airport! The city’s IT hub at Kalyani Nagar is just 9 km away. There are buyers who are professionals with smaller budgets. The area is very much in demand for people who rent the flats! There are many reputed educational institutions like DY Patil Knowledge Centre. The prices for flats in surrounding areas like Kalyani Nagar, Viman Nagar, and Vishrantwadi have risen enormously. SO, the new buyers are focusing more on Charholi for buying Property in Pune. This region is the first to get the benefits of Ring Road. The area has become a major hub for new development projects!
Also Check: Benefits of Buying a Residential Property in Charholi Budruk
Bhima Koregaon:
Koregaon Bhima is a panchayat village census town in Pune. It is situated on the north bank of the Bhima River. It is under Shirur Taluka of the Pune district. A single town called Koregaon Bhima exists in this panchayat. The town of Koregaon Bhima is 10 km along the SH 60 motorway and only 28 km by road, northeast of the city of Pune! Many renowned builders have started real estate projects like residential complexes and commercial hubs here!
Most of the buyers prefer to stay close to their business or commercial buildings and locations with better infrastructure. This region is developing rapidly, and many buyers prefer to buy flats in Pune in this region. Also, many of them check the region for real estate in Pune for renting flats! The locality is well connected and makes the commute easier for the residents. Rapid growth has occurred in the area.
Tathwade:
Tathwade, like other sister villages located on the borders of Pune city, is fertile land. Some 15 years ago, farmers were living here. Today, it has become the best home for IT professionals! People choose this region due to its easy reach to schools, colleges, hospitals, and malls! It is a fast-developing area for people to buy Property in Pune! The growth of residential properties in this area has given the promise to the buyers with better Returns on Investment! Tathwade is one of the fastest-growing urban areas for real estate in Pune. It is equipped with modern infrastructure and better facilities for better living!
Connectivity:
This region is well connected with all the other major areas of Pune like Wakad, Baner, Aundh, Pimpri- Chinchwad, etc.NH4 highway connects to Rajiv Gandhi Infotech Park. The region is fast making a name as an educational hub of Pimpri- Chinchwad with many new and emerging real estate projects. There are international schools and multi-stream colleges in the vicinity.
Hinjewadi:
Hinjewadi is one of the largest IT hubs of Pune because of the MNCs who have set shop there! There are many IT companies like Infosys, Wipro, Cognizant, etc. The IT companies have established themselves as job givers to people who buy Property in Pune! This has given a significant boost to the entire region! There are many plus points like employment, real estate development, super connectivity, and improved social infrastructure! Hinjewadi is a well-developed suburb and boasts of the top residential areas of Pune!
Wakad:
Wakad is getting transformed from a rural area to a great residential complex! High-end infrastructure due to regular water supply and power supply without any hindrance! Wakad is a most liked and sought-after region, and the buyers are queuing up to buy residential apartments here as there are high returns of investment if one buys Property in Pune! It is close to the Mumbai – Bangalore highway and Rajiv Gandhi Infotech park! This area is fast emerging as the most desired place by buyers, as there are plenty of new projects coming up every day!