From the outside world, the process seems enduring while searching for a sustainable lifestyle. However, the significant role in buying the desired landscape is to take care of the requirements required for a nourishing and homely experience. On the verge of receiving a considerable infrastructure facelift in the upcoming inexpensive yet competitive and economic framework is Pune.
The city offers serene sight, enticing weather, relishing food, and a metropolitan urban scape. Still, the most eye-quenching element that redefined the real estate segment is the city’s royal Marathi infrastructure and eye-soothing homes with happy residents.
The Pune real estate market is vast, but a calm and serene place to extend our ongoing experience; its infrastructure has taken a substantial turn.
While looking for a home to buy, the primary concern should be where we want to reside. Researching whether the area is developing or developed that includes essential attractions.
The Pune Insider
Pune, the country’s seventh most populous city, has come a long way. Over the last few years, Pune has earned the reputation of being one of the most desirable places to retire. Of course, aside from retirement, this city is favourable for settling down. Unlike most places in Maharashtra, Pune has a pleasant climate all year. Although the population density here grows yearly, it is a desirably peaceful city in the entire Indian subcontinent. Its proximity to Mumbai—the bustling city of dreams, is a bonus adding up to the many factors enhancing Pune’s allure.
However, the most common questions that one encounters while searching for a house in Pune are; Should the house be on the outskirts? Should it be in society for a better experience for kids and family? Or should it be an apartment for a chilled-out atmosphere?
To know the answers to your questions, below are the important sections to look up to:
Better Employment:
Pune, the Oxford of the East, has become a popular location for new technology start-ups and the home of over 110 top worldwide information technology organizations. The availability of jobs in different sectors of industry is available in mass.
Connectivity :
How well is the area developed and situated that could be feasible and convenient for an individual to be well connected to the outer experience of the property. It should be located where essential transportation services are readily available.
Legal documents :
Legitimacy is the key to a better living experience; the world knows it. A bond will be signed, including a builder buyer agreement and original NOCs from the government for electricity, sewage, land, water, and municipal corporation.
Carpet Area:
The carpet area is the critical factor to consider for the elevation of the infrastructure; the design should be as important as the area. The 2BHK site should include at least 800-1000 sq. ft. area, which is distinctive.
Weather and Greenery:
Pune has a moderate climate compared to the neighboring city Mumbai and most other cities in the country. It’s mild and soothing to a person who has experienced metro cities but very charming for an individual’s experience.
Social Infrastructure:
The mind speaks various, but our principal should focus on attributes such as affordability, livability, and better lifestyle facilities. Pune
High Appreciation Rate:
Now that Pune has been developing, the Young and Mid-level IT professionals from other cities are taking over and making Hinjawadi their preferred base. Appreciation rates in the area and its neighbouring areas like Wakad, Bavdhan, Baner, and Balewadi have increased considerably.
These are the best home buying tips for first-time buyers.
Geographical Outlook
As Pune has been improving and establishing itself regularly, it has been gaining a considerable infrastructure model all around the city, which includes new areas and projects being brought forward in the eyes of the public. Let’s take a grasp at upcoming landmarks for a desirable experience :
This should be included when buying your first home checklist:
Moshi :
Since 2014, Moshi has emerged as the top real estate and retail destination, located on the outskirts of the Pimpri Chinchwad Municipal Corporation (PCMC) area.
It is home to some Pune real estate market projects, civic amenities, and infrastructure.
Moshi has been the hub for Pharmaceutical, mechanical, and automotive industries that have sprung up within a 10-kilometre radius of Moshi. Talegaon (a developing satellite city and a central industrial area 21 kilometres from Moshi) and Bhosari (a cultural and sports center) are both within easy reach, thanks to the excellent infrastructure.
Undri :
Undri has evolved from a sleepy Katraj-Kondhwa neighbour to a fast-developing South Pune suburban neighbourhood with several industrial and IT stations in the last few years. Undri shone in the real estate picture after the immense pressure on land resources was felt on KP, NIBM Road, Kondhwa, and Hadapsar.
The land prices range between Rs 3000 and Rs 5200 per square foot. Undri is one of Pune’s trendiest emerging residential markets, thanks to its green landscapes, low land prices, excellent connectivity, proximity to commercial hubs, upcoming Greenfield Airport, and rapidly developing social infrastructure.
Talegaon:
Talegaon, home to several agro-based units and multinational corporations, is located near Shirgaon (On the outskirts of PCMC). Talegaon, situated near the Mumbai-Bangalore Highway, has excellent connectivity via the national highway, expressway, and railway lines. It is only 2 hours from Navi Mumbai and 30 minutes from Pune, making it an ideal commuter and residential location.
With institutes such as DY Patil, Indrayani College, Polytechnic College, and Maharashtra Institute of Medical Education and Research (MIMER), Talegaon provides good educational facilities, making the area safe and value for money.
Wagholi :
Wagholi being on the outskirts, is yet another MIDC location populated by low-income individuals. To meet the demand for housing, the area has over 200 small residential apartment projects (with 12-15 units each).
The city’s average price per square foot is around Rs 4,000. On an annual basis, around 2000 units (including budget flats) are sold, indicating a demand for residential apartments in Pune. IIFL Home Finance Limited has 363 approved developer projects in the city, making it easier for end-users to buy a home there.
Buying your home checklist should mandatorily include substantial facilities. Following are the projects that could help satisfy the need for it-
Upcoming Projects
1) VTP Hinjewadi at Hinjewadi phase 1
VTP is the most exclusive and luxurious residential project. It consists of 1,2 & 3 BHK Simplex and Duplex Apartments with lifestyle amenities and world-class infrastructure.
The most desired township comprises amenities that include a Swimming pool, party area, kids play park, seating area, reading corner, jogging track, fitness center, skating rink, and Garden. It is walking distance from Infosys circle, phase 1, Hinjewadi.
2) Godrej Meadows Phase 2, Mahalunge, Pune.
Godrej Meadows is situated on the Baner-Mahalunge Road, an upcoming hotspot that connects Baner (Residential Hub) and Hinjewadi (IT Hub).
Godrej Meadows is where nature and conveniences coexist, close to Mahalunge-Maan Hi-Tech City, Hinjewadi, Baner, Wakad, Aundh, and PCMC. Its rapid growth is assisting it in becoming one of Pune’s most sought-after residential areas.
3) LODHA Pune NIBM Project, NIBM Road, Pune
Lodha NIBM Project by Lodha Group It includes Vastu Compliant layouts, minimal passage for optimal space usage, cross ventilation in kid’s bedroom, and spacious balconies.
The necessary subject to keep in mind is that it has low traffic congestion and noise levels. There are acres of greenery and open spaces, including easy access to 200 acres of a wooded green area called Anand Van.
4) Guardian Cityscapes phase 1, Dattavadi, Sinhgad road, Pune.
Guardian Cityscapes by Guardian Developers is for those looking for well-designed two and 3-bedroom apartments. All units in Pune’s Dattavadi neighbourhood include parking. The carpet area of the units ranges from 463 to 756 square feet.
Guardian Cityscapes offers a variety of amenities, including a gym, swimming pool, children’s play area, and clubhouse, to name a few. The necessities, such as reputable schools and hospitals, are all nearby. These elements make this project appealing to families. Commuting is close to Pune’s heart, thanks to an extensive bus and train network.
In conclusion, Pune’s real estate market has seen an increase in demand in recent years, with buyers and investors showing a keen interest in residential and commercial real estate throughout the city. Pune provides affordable housing and an excellent environment for growth and sustainability. Lavish properties in high-end areas of Pune can also fit within your budget, making your investment an excellent one.
