Pune, one of the greenest cities in India, is one of the hotbeds for prospective homebuyers. It attracts people of every age group as the city offers something or other to everyone. For youngsters, there are hordes of employment opportunities. When it comes to education, the city houses reputed colleges offering high quality of education. Talking about the real estate market of the city, Pune is witnessing rapid real estate growth especially of the residential front. Many people who live in rented flats are looking for affordable housing options in the city. Fortunately, in the micro markets of Pune, residential projects by reputed developers are coming soon. Let’s uncover about these micro-markets of Pune.
Wakad – Due to the presence of Hinjewadi IT center in the proximity, the demand of residential projects in Wakad, Pune remains all-time high. Situated in the western part, it is just 21 kms away from Pune airport and the area is well-connected with different modes of transport like rail, buses, private cabs, shared autos, etc. As per Pimpri Chinchwad Municipal Corporation (PCMC), Wakad is one micro-market which has witnessed the maximum number of building permissions. Affordable land prices, good climatic condition and 24*7 electricity and water supply are three factors driving the demand of residential projects in the area.
Hinjewadi – One of the most popular micro-market of Pune is Hinjewadi. Rapid commercial development is one of the main reasons pushing the demand of residential projects in Hinjewadi, Pune. Being slated as an important commercial area of the city, the Rajiv Gandhi Infotech Park is in the vicinity housing offices of IT giants. So, employees of these companies are showing keen interest in buying homes near Hinjewadi. Godrej 24, a 2 BHK residential project by Godrej Group, is getting great response from the prospective homebuyers.
Undri – Undri is strategically located area of the Pune and providing easy access to major commercial zones of the city. Best known for its green stretches of land and scenic beauty, the well-developed transportation system of the area is a major factor attracting the attention of prospective homebuyers. Both end users and savvy investors will find a number of residential property in Pune is coming at this strategic location.
Wagholi – Real estate development at Wagholi is taking place at a breakneck speed. Situated on the Pune-Nagar Highway, the per square ft price of residential properties usually vary from Rs. 2700 to Rs 4500. The area offers smooth connectivity to major landmarks like Pune airport, Shikrapur-Chakan road and Sholapur Highwa. Nearby presence of social and civic amenities, proximity to IT hubs and plethora of affordable housing projects are three factors giving a boost to the real estate market of Wagholi, Pune at an unprecedented level.
Baner, Balewadi, Kharadi, Keshav Nagar, etc. are other areas where demand of residential projects in Pune is praise-worthy. Considering the fact, reputed developer like Godrej Group are coming up with residential and township project in these locations.
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