Owning a home is like a dream that every person wants to pursue for themselves and their family. But one’s day-to-day business does not involve only buying a house. It is a one-time choice and decision. Hence, finding suitable homes in the right location and at an affordable price is a difficult task.
Today, we discuss the best residential areas in Pune, as the city is rapidly becoming a hub for jobs and education from all over India and abroad. It is rapidly expanding in the IT sector, commercial parks, and urban culture. Pune’s real estate market is thriving due to the city’s growing population.
In fact, the city has everything you’re looking for. This is Maharashtra’s second-largest city, and its IT hub makes it a haven for IT professionals. The exemplary education system, the right lifestyle, and other factors contribute to students and families choosing this city. Its tranquil setting entices retirees to spend their leisure time here.
There are some areas where property rates in Pune city would easily suit the budget of any prospective home buyer. Locality, accessibility, weather, neighborhood, affordability, and legal aspects are some of those important touchpoints that would match the requirements of the real estate investors for these localities in Pune.
Have a look:
Undri Pisoli
Undri-Pisoli, an emerging pocket of the Pune belt, has several good demand drivers, including a working population in Magarpatta, bustling demand from Hadapsar, affordable prices, connectivity to central Pune, and advantageous proximity to the other inner localities when compared to other outskirts.
The primary drivers of residential demand in this corridor are the IT development in Magarpatta township and industrial units in Hadapsar. This area has quickly become one of the most popular residential markets. The main reasons for purchasing properties in this pocket are the possibility of upgrading to larger flats at affordable prices, acquiring a second home close to the existing one, and purchasing a second-generation home in this area.
This belt has also gained importance due to the presence of high-quality schools. Retail development is also becoming a factor driving the region’s potential. This pocket will see massive development, following in the footsteps of greatly improved connectivity in the coming years.
Kothrud
The Guinness Book of World Records named Kothrud, in South-West Pune, the fastest developing suburb in Asia. Kothrud is one of the city’s most urban and upscale residential neighborhoods, with a convenient location and good connectivity to other areas such as Shivajinagar, FC Road, and Deccan.
Several upmarket residential projects in this area have transformed Kothrud into a buzzing Pune neighborhood
Bavdhan
Bavdhan has a peaceful location and surroundings. Needless to say, this is one of the most desirable areas in Pune, particularly because it is well connected by excellent roads to Kothrud, Paud Road, Baner, Aundh, Pashan, University Circle, and Sus Village.
Bavdhan is also near Hinjewadi IT Park, prestigious educational institutions, and numerous shopping malls.
Charoli
Charoli is close to Lohegaon Airport in Pune. As a result of the new IT and corporate-driven demand for budget homes near Yerwada, Viman Nagar, and Kalyani Nagar, real estate builders are in high demand in this area. In addition, the railway station is 11 kilometers away, and the IT hub at Kalyani Nagar is only 9 kilometers away.
As a result, prices in areas such as Viman Nagar, Kalyani Nagar, and Vishrantwadi are approaching saturation because buyers on a tight budget are looking for more affordable options. Currently, prices per square foot range between Rs 5,000 and Rs 6,000.
Senapati Bapat Road
Senapati Road in Pune is ideal for basic necessities and modern conveniences. It is one of the posh neighborhoods, so if you have the means to stay here, by all means, do so.
Higher education students enjoy this location because colleges such as BMCC College, Symbiosis, and Vikhe Patil School are nearby. There is no doubt that this place is fantastic in every way, and as a result, it has become the best place for families, whether you have children, teenagers, or college students.
Wakad
The biggest advantage of developing residential properties in Wakad is the proximity to the finest residential locales that provide lifestyle and employment opportunities. Baner and Aundh are not more than a 5 minute drive from Wakad & driving to Shivaji Nagar, the heart of Pune, is also easier.
For homebuyers looking out for premium apartments with a ready lifestyle around and great connectivity, Wakad and its surroundings are one of the best-found residential destinations.
Swargate
Swargate is one of Pune’s leading areas, with a rich history dating back to pre-independence times, and it is now the most popular residential area due to its greenery. There are also many places for attractive tourist attractions and entertainment, and it is easier to live here because it has functional road connectivity from all of Pune’s major areas. It is also well-known for the Swargate Bus Station, which provides bus services from 4 AM to midnight.
Wrapping Up!
Pune is a developing city that binds its heritage and modern lifestyle. The well-planned infrastructure and the soothing climate make this city the perfect spot for buying an apartment or investing in Pune.
