Pune is one of the developing cities in Maharashtra India. Pune Property is considered as one of the top commercial hub in Maharashtra after Mumbai. Pune city is becoming more cosmopolitan with a population of more than 7 million and growing. Pune is also seen as Educational, Industrial and IT hub of India with top blue chip cos. Pune has good infrastructure of transport by Air, Rail and Road and close proximity to Mumbai by expressway. More and more people folk to Pune for better job opportunities and good education. There has been considerable progress in terms of infrastructure development in Pune, yet it cannot contain the growing demand of real estate properties of both residential and commercial category as there are no place left for further growth in the core of the city.
Ever since there has been a growth in Pune’s population the demand for residential properties have gone up and it has become very difficult for buyers to find a good property at a reasonable rate/price within the heart of the city. The trend for purchasing the property has changed and the people are looking for spacious, economical yet commercially viable properties. The usual trend of residential properties in Pune are Apartments/Flats, Row House and Bungalows. The residential and commercial property prices of prime locations in the heart of the City ranges between Rs 5000 to 20000 per sqft approx. Also there are few new residential and commercial projects that come up in the city and if you look for a new property of your choice it is difficult to find.

From mid 90s Pune has been spreading steadily outward, embracing most of the rural areas around it and bestowing the benefits of urbanization on them. Areas like Aundh, Hadpsar and Baner once considered to be on the outskirts of city has merged to be among the developed locations of Pune due to expansion of the city limits and now considered among the most sought after destinations in Pune. Each of these areas has their own decisive selling propositions.

The Builders and Developers sighting the growing demand of properties among the buyers have shifted their focus on new avenues around Pune i.e. outskirts or the next closest destinations around Pune City. Due to abundance of land available in the outskirts of Pune the Builders and Developers have come up with Mega projects and townships with state of art amenities and facilities at an attractive price there by attracting new buyers and investors to invest in the destination next of Pune. The obvious factors to consider for Builders and Developers to focus on real estate development in these areas are the connectivity to the heart of the city, the Industrial sector, IT sectors or the educational institutes there by attracting the working class and the student population of the city. There has always been a rising demand for properties in Pune on rent and to buy 1 bhk, 2 bhk , 3 bhk Projects and some of the new trend projects have luxurious 4 bhk and 5 bhk apartment/flats there by giving the buyers a wide range of choices to buy or to invest in their dream property.

Synopsis of recently developed areas in Pune.

Hadapsar: Hadapsar is an eastern suburb in Pune City, well known for two SEZs Magarpatta city and Fursungi IT Park. Amdocs, John Deere, Accenture, EXL, IBM, TCS, Aviva, Honeywell and Zensar are among the few IT companies in Hadapsar. Hadapasar is picking up as many big real estate projects have come up in the vicinity of Hadapsar. The real estate rates/price in Hadapsar ranges approx 2500 to 5000 per sq.ft.

Aundh: Aundh is a suburb in the North-West of Pune in Maharashtra, India pin code 411007. It has developed significantly, as a residential area with proximity to the University of Pune and one of the Software Technology Parks of India complexes at Hinjewadi and has easy access to Pune-Mumbai Expressway. The real estate rates/price in Aundh ranges approx 4800 to 6500 per sq.ft.

Baner: Baner is growing rapidly and last decade it has gained a lot of commercial importance due to still growing commercial complexes. Aundh is also close by with many gaming zones, shopping complexes and Commercial offices. The real estate rates/price in Baner ranges approx 3500 to 5500 per sq.ft.

Wakad: Wakad has developed drastically in last 5 years and the property price heading towards the upward trend. Wakad will be one of the next top localities in Pune in the coming years and the reason for it to be so is it is situated just next to IT Park Hinjewadi, Pune. Well connected to Mumbai-Pune expressway, have top MBA institutes, schools and colleges close by, clean and greener landscapes and is close to Aundh. The real estate rates/price in Wakad ranges approx 2650 to 3500 per sq.ft.

Synopsis of developing areas in Pune.

Sinhagad Road: Sinhagad Road in recent years is considered as one of the fastest growing and potential localities in the vicinity of Pune. The real estate development has boomed in recent years with mega projects like Nanded City which has come up in this area with state of art facilities and amenities. Once considered as out skirts of Pune City, the infrastructure development which has come along on Sinhagad road has given a boost to real estate development in this area. The real estate rates/price in Sinhagad road ranges approx 2500 to 3500 per sq.ft.

Hinjewadi: Hinjewadi is the fastest developing IT hub of Pune located north-west to Pune city. Hinjewadi is 10 km from Pune city, 21 km from Pune airport and 16 km from Pune Railway station. Hinjewadi about one and a half hours from Navi Mumbai and two and half hours from Mumbai city via expressway. Pune IT sector employs more than 70,000 people. In addition to existing software companies like Infosys, Wipro, Satyam, TCS, Cognizant and IBM Global, others are planning to set up operations in Pune, including software giant Microsoft, which intends to set up a Rs 700-crore facility in Hinjewadi. The real estate rates/price in Hinjewadi ranges approx 2800 to 3500 per sq.ft.

Warje: Warje is one of the fastest developing residential and commercial areas in the suburbs of Pune. Easily accessible from Hinjewadi, NH4, Baner, Aundh, Kothrud-Paud Road, Karve Nagar, Sinhagad Road and Katraj makes it one of the potential localities in the vicinity of Pune. In recent years the infrastructure development which has come up in Warje has given a boost to real estate development in this area. Areas close to Warje are Anandnagar, Dhayri, Ambegaon, Wadgaon Budruk, Vittalwadi. The real estate rates/price in Warje ranges approx 2500 to 3500 per sq.ft.

Kharadi: Kharadi is situated on the western boundary of PMC limit is undergoing a rapid change and to be considered as the next IT hub of Pune City after Hinjewadi. IT company’s like Zensar technologies has already taken their first step into looking at Kharadi as the next potential IT hub, by building their 60 crore campus in Pune’s new Silicon Valley.

Kharadi is carrying planned construction activities and ultra modern amenities. Several MNCs are re-locating to Kharadi, as accessibility to airport, railway station and areas like Kalyani Nagar, Mundhwa, Hadapsar makes Kharadi a convenient destination. The real estate rates/price in Kharadi ranges approx 2500 to 5000 per sq.ft.

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