Which are the best locations to buy property in Pune.

Pune has been developing exponentially in recent years, and real estate investors are making the maximum out of this trend. Despite the pandemic, Pune seems to have no significant impact. The city with several educational institutes, IT companies, and automobile manufacturing units has drawn remarkable attention. The economy of the city seems to be on a strong footing.

With the establishment of the World Trade Centre, the city has gained a good deal of international attention. Since then, foreign investors have started building luxury apartments and hotels in the city. With plenty of working professionals and students, this city has an ever-growing demand for residential units.

In terms of other parameters of good living, Pune had topped the list of Ease of Living Index (EoLI) 2018 among the 111 cities with over a million population. In EoLI 2020, Pune has been ranked 2nd after Bengaluru.

Here is a list of the best locations to buy property in Pune.

· Baner

With a thriving IT sector, the demand for residential areas has increased drastically in Baner. Some of the housing projects in this area are VTP Sierra luxury residential project, Majestique Signature Towers, and Supreme Estia Phase. The locality also has good connectivity with neighboring cities. The Baner Road, NH-47, and Pashan-Sus road contribute significantly to the small and large businesses. You can also find several shopping malls nearby. The locality has excellent healthcare services. Some hospitals present here are Jupiter Hospital, Umarji Mother and Child Care Hospital, and Gupte Hospital Extension Clinic.

· Viman Nagar

The main attraction is its proximity to Pune International Airport. The locality also has a good network of roads and railways that encourage businesses to prosper here. The plenty of IT companies in this area, such as Ignite Solutions and Destek Infosolutions, draw a large number of working professionals here. Some of the new residential projects coming up here are Oxy Beaumonde, Shub Gateway, and Eastwoods. You can also find all essential amenities within reaches such as schools, shopping malls, and hospitals. Some of the best hospitals in this area are Jeewan Jyot Multispeciality Medicare Centre, Hi-Line Hospital, and Olive Health Centre.

· Kharadi

Located beside the Mula-Mutha River, this place offers scenic beauty. As this area has both urban luxuries and plenty of green space, the quality of life is good. With IT companies brimming and commercials, the job opportunities are high. Many entrepreneurs and IT professionals are looking for properties here for either making homes or setting up startups.

You can find flexible residential options here. Luxury apartments by Indian and foreign designers are both readily available here. Some of which are the EON Waterfront and Panchshil Towers. The excellent connectivity of Kharadi with all other major areas makes this place a much sought-after destination for homebuyers. The Pune International Airport is a 15-minute drive from Kharadi.

· Hinjewadi

One of the areas in Pune that excel in development is Hinjewadi. The main reason for this is the expanding IT sector and the manufacturing industry. Rajiv Gandhi Infotech Park, established in 2003, assures employment opportunities to thousands of people.  

Located close to Mumbai highway, NH-48 serves as an easy means to reach Wakad, Tathawade, and Baner.

Some of the new residential projects in Hinjewadi are Kolte Patil Life Republic, Pride World City, and Sensorium. You also have all amenities in the vicinity. There are plenty of educational institutes here. Some of which are the Symbiosis Institute of International Business and the Indian Institute of Information Technology.

· Lohegaon

This city is home to the famous Pune International Airport. 2 Wing, the air-force base of the Indian army, is also present in this locality. The Lohegaon-Wagholi road connects it to neighboring areas of Vishrantwadi, Vadgaon Sheri, and Dhanori. 

Popular residential projects are Choice Goodwill Fabian, Pride World City, and Revell Orchid Park Dhanori. The healthcare facilities of Lohegaon are satisfactory, and famous hospitals in this locality include Kashinath Hospital and Dr. Chavan Hospital. There are several shopping malls, hotels, and restaurants in this place. With all the basic amenities within easy reach, this place is one of the best locations to buy property in Pune.

· Hadapsar

With sprawling apartments and villas, this is mainly a residential area. The IT and the industrial sectors form the backbone of Hadapsar. They bring in the much-needed money to run the city. 

Some of the prominent areas such as Koregaon Park, Kalyan Nagar, Sangamvadi, and Wadgaon Sheri are nearby areas of Hadapsar. These areas are well-linked to Hadapsar via the NH-65. Other major cities such as Hyderabad, Vijayawada, and Machilipatnam are also connected to this city via this National Highway.

The integrated township program, Magarpatta, is situated here. With several commercials, hotels, and restaurants, this suburb has seen rapid development in recent times. The Cybercity and Pentagon P5 are two commercial real estate projects that provide a home to several companies. Some of the new residential projects coming up here are Kumar Prospers, Vishal Belleza, and Vishal Pearl Residency. You will also find famous hotels such as the Marriott Suites Pune, Cocoon Hotel, and Amanora The Fern Hotels and Club.

· Wakad

Wakad falls in the Pimpri-Chinchwad municipal limits of Pune Municipal City. Located alongside Mumbai Highway, Wakad is surrounded by other prominent newly developed areas such as Baner, Balewadi, Pimple Saudagar, Tathawade, and Hinjewadi.      

Wakad has seen rapid development with the establishment of Rajiv Gandhi Infotech Park and Biotechnology Park near the Pune-Mumbai expressway at Hinjewadi. There are several Bus Rapid Transit routes from Wakad that improve its connectivity to the remaining areas. Top residential projects in this area include Akshar Elementa, Sapphire Park Co-Op Housing Society, and Kolte Patil Western Avenue.

Concluding Thoughts

With the establishment of IT companies, Pune suburbs have undergone rapid development, which has turned above listed areas as the hottest real estate investment opportunities in Pune. Large-scale constructions of residential and commercial buildings have made the city a major real estate market in India. Its connectivity with other major cities is another big advantage of investing in the Pune realty sector. Pune metro is under construction and it’s bound to put Pune on the map of the best cities in the country. Two new airports are under construction and they are further going to improve the connectivity of the city. Due to these reasons, we believe the Pune real estate sector is all set for high growth. In particular, areas mentioned on our list above have a higher potential of attracting investments and driving the growth of the real estate sector in Pune.