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Advantages of Kharadi as an Upcoming Property Hot spot


For the realty market, it’s a real growth opportunity by providing value homes at Eastern Pune’s upcoming locations. The areas along Nagar Road are now emerging hot spots for home buyers. Location is the most important thing to be considered by the home buyer while purchasing a home.

Due to the development of IT/ITES sector in eastern Pune region, they are the major demand generators for all segments including residential, retail and hospitality along with commercial space on and off Nagar Road. These areas include Kharadi, Mundhwa and Vimannagar, to name a few.

Out of these, Kharadi is emerging as one of the most wanted after and fastest growing localities that have the location advantage. Known as the new IT hub, Kharadi, the once barren stretch now hosts scores of commercial projects and luxurious residential complexes. Presence of corporate giants like Reliance, Tata Communication, Wipro and Polaris has contributed to the popularity to this area.

There are some of the points which makes Kharadi as most popular property investment destination. Let’s check out:

IT Hub:

Kharadi has been increasingly luring top IT companies due to its low pricing and proximity to prime locations like Kalyani Nagar and Viman Nagar. The entry of IT companies has given a new identity to Kharadi. The IT majors joined hands with builders in the city to add comfort to the life of their employees by making Kharadi, a preferred residential area. IT sector has contributed a lot to enhance the growth of Kharadi for e.g. The EON free zone, a famous IT/Software park is set up in this locality.

Proximity to International Airport:

The highlight of Kharadi is its close proximity to the International Lohegaon Airport, railway station, and industrial belts like Viman Nagar, Kalyani Nagar, Wagholi, Koregaon Park and Ranjangaon. This makes it one of the most preferred localities for the home buyers.

Offerings of Most Wanted Residential Projects:

Pune’s real estate market offers everything to its customer in Kharadi, be it a township, smart home, eco-friendly home or affordable housing. Known as the new IT hub, Kharadi, the once barren stretch now hosts scores of commercial projects and luxurious residential complexes also.

Easy Connectivity:

Improved road infrastructure in this area gives easy connectivity to the township of Magarpattha City. The upcoming Lohegaon-Kharadi-Wagholi road will also help give a boost to the status of the locality. The newly widened Nagar highway and the new MIDC acquisition at Lonikand and Wagholi are all contributing in transforming Kharadi as the next preferred destination.

Upcoming Projects:

Kharadi has more than about 20 new projects going on. More than 1000 housing units are being constructed and will be ready for possession by 2016. In 2014 alone, there are about 500 units which would be handed over to the buyers. While Escon Constructions have about 300 units to offer, Gulmohar Builders would be delivering possession of about 200 units from Gulmohar Serene and Gulmohar Park View.

From the above points, we can say that, Kharadi seems like giving developers a chance to explore both commercial as well as residential opportunities.



Category : Flatons Advisors Blog



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