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Fastest Growing Residential Areas in Pune


As Pune is known for the Education and IT hub in India, it attracts the people to settle down within. As a Metropolitan city of India, Pune has good infrastructure in terms of transport by Air, Rail, Road and close proximity to Mumbai by express way. Residential areas in Pune shows the fastest growth in each sector  which force to people to put step in.

Real Estate Market in Pune is one of the second largest commercial market in Maharashtra after Mumbai. Development of the city is increasing day by day which leads to Attracts the people to get settle down. Accordingly, a demand for the properties is increasing rapidly in the city which leads to attract the developers as well.

Pune is a fastest growing city in India. It has a rapid growth in not only the commercial but also for residential areas. However, there are some localities which are yet to be developed or growing rapidly to live in. Especially for the investment purpose, these localities will provide you the best ROI in future as these are the fastest growing areas of Pune in future.

Let us have a look on fastest growing residential areas in Pune:

1. Undri/ NIBM Annex:

Undri is located in south-east in Pune. Many years back, Undri has lack of infrastructural development but now, it is coming in focus due to NIBM Rd. Undri is becoming the most wanted locality as fastest growing residential area in Pune for the home seekers.

Undri providing you the many projects from reputed builders like, “IRA” from Majestique Mantra, “Godrej Horizon” by Godrej Properties, and many more. It also provides you the luxury residential property like “24K” by Kolte Patil.

Connectivity of Undri to Hadapsar IT hub, Magarpatta, Kharadi etc is key advantage for the home buyers. It has a good infrastructure as a residential area and also becoming the rapidly growing locality for the real estate market in coming future.

2. Punawale:

Punawale is one of the outstrick locality of western Pune. This locality is situated just closed to the Hinjewadi IT Park. So, Punawale is become an option for the Hinjewadi, Ravet etc.
You can analyze and compare the current value of the property with two years back in Punawale, you can see the drastic change in the value as it shows you the up gradation. The prices of the residential property in Punawale has increasing consistently.

It has a good connectivity to Hinjewadi IT park, Pune-Mumbai express way. Around more than 30 projects are ongoing in Punawale so, it creates the opportunity for the investors to get the best ROI in property.

It has a good infrastructural growth as compared to the previous years. The experts said that Punawale is becoming the hot spot locality for the residence because it indicates the rapidly increasing infrastructural up gradations in terms of roads, water supply, connectivity to schools and colleges and the most important advantage of the accessibility of Hinjewadi IT park.

“Puneville” by Pharande Spaces, is one of the major project is going on in punawale. It offers you the luxurious but affordable flats with best ultra modern amenities.

3. Wagholi and Kharadi:

These localities are situated in the eastern Pune. Wagholi and Kharadi in recent scenario are the biggest market of the real estate as it offers each kind of properties in area. It offers you the budget properties as well as the luxurious properties.

Kharadi is becoming the big IT hub in Pune, Eon IT park is one of the best example for it. Apart from this the companies like Zensar has already put the step in the location. It is accessibility location to airport, railway station and areas like Kalyani Nagar, Hadapsar which makes Kharadi a convenient destination.

Pune’s reputed builders offers you the projects like, “Panchshil Towers” by Panchshil, “Gera’s Trinity Towers” by Gera Developers and many more.

As compared to Kharadi, Wagholi has lack of development however in future it has a tremendous growth because many reputed developers has already launched the projects in Wagholi. It offers you the best affordable price of the property. Wagholi is becoming the fastest growing area in Pune where you can find your dream home in your budget. It has a good connectivity to Airport, Kharadi, Viman Nagar etc.

“Ivy Estate” by Kolte Patil is one of the major project is going on in Wagholi. Apart from this, “Hill Shire” by Guardian Developers has luached their second Phase, “Nyati Elan” by Nyati Group is one of the best project has launched in Wagholi. In future, Wagholi shows itself as a biggest property location as it growing rapidly.


Category : Flatons Advisors Blog



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