Top 10 lifestyle localities for real estate in Pune

[ecis2016.org] The real estate prices in Pune are generally high and increasing. It has demonstrated sustained growth in residential sales and new launches over the last few years. Increased input cost of the developers, together with rise in investor’s demand from the peripheral locations drive the overall real estate sector in Pune. Here is a list of lifestyle localities for real estate that one can look for in Pune:

Rasta Peth real estate –

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The property rate in Rasta Peth is around Rs. 8313 per square feet. Reputed schools in the area include Rosary School and Rasta Peth High School. Some of the well known hospitals such as Bora Hospital and Dhanwantari Hospital are situated there. Leading shopping malls in Rasta Peth are White House and Sofine. Besides, there are banks and ATM branches and restaurants. Some of the prominent nearby localities are Bajirao Road, Bund Garden Road and Guruwar Peth. Prominent developers from the estate market namely Makwana Shah and Siddhi Construction, operate in this locality. As a result, there is an availability of property in Rasta Peth for sale as well as under construction properties in Rasta Peth.

Kothrud real estate –

Property in Kothrud has seen rapid growth in housing. It also saw Pune’s first flyover, Savarkar flyover at Paud Phata. Kothrud is well known for its educational institutions, drawing students from all across the country, from other countries of the Indian subcontinent, other Asian countries and Africa. Schools in Kothrud include City International School and Sanskriti School. Leading hospitals in Kothrud are Abhinav Hospital and Patel Hospital. Jai Hind and Croma are the major shopping malls in Kothrud. It is a home to numerous information technology companies like Persistent Systems and Cognizant. With the property rate in Kothrud being Rs. 9117 per square feet, the area proves to be a good investment proposition.

Karvenagar real estate –

The ongoing property rate in Karvenagar is around Rs. 7841 per square feet. Millennium National School and Tree House High School are the reputed schools whereas Shaswat Hospital and Nisargasampada are the leading hospitals in the area. Park Plaza is among the famous shopping malls in Karvenagar. Nearby bus stoppages are Vikas Mitra Mandal Chowk and Vitthal Mandir Shreeman Society. There are a few places of worship such as Ganapati Temple and Vitthal Mandir. Hence, property in Karvenagar is lucrative.

Read also : Borivali east property market: An overview

Gultekdi real estate –

Property rate in Gultekdi is priced at Rs. 11,043per square feet. Reputed educational institutions in the area are Crescent High School & Junior College and Life Guru Foundation. Vinnayak Hospital and Milan Hospital cater to the medical facilities to the residents of Gultekdi. Leading builders in Gultekdi include Atharva Developers, Clover Realty & Infrastructure and Kumar Properties. So, property in Gultekdi remains a good choice.

Parvati Darshan real estate –

The ongoing property rate in Parvati Darshan is around Rs. 12,429 per square feet. The area has an international sports ground called Nehru Stadium. Some of the prominent developers and builders in Parvati Darshan are Shree Ram Builders, Urban Life Ventures and Padmavati Group. Therefore, for property in Parvati Darshan, there is an easy availability of 1 BHK, 2 BHK and 3 BHK housing units in this locality. K.B Hire High School and SMSP Samvidd English Medium School are the renowned schools in Parvati Darshan. Some of the prominent hospitals in this area that are known to deliver medical and healthcare facilities to the residents of Parvati Darshan are Shradha Hospital and Mahajan Multi-specialty Hospital.

Erandwane real estate –

Property in Erandwane is beneficial because of the competitive property rate in Erandwane of Rs. 12,305 per square feet. There is an easy availability of 2 and 3 BHK housing units. Some of the eminent schools in Erandwane are Dr. Kalmadi Shamarao High School, Abhinava Vidyalaya English Medium Primary School and Sevasadan English Medium School. Reputed hospitals in Erandwane are Deenanath Mangeshkar Hospital and Lokmanya Hospital. Pune Central Mall is among the leading shopping malls in Erandwane. There are a few places of prayers and worship such as Balaji Temple and Mahalaxmi Temple in this area.

Kalyani Nagar real estate –

Kalyani Nagar is situated at a distance of about 5 km from Pune railway station and 4 km from Pune airport. Among the renowned shopping malls in Kalyani Nagar is Mariplex Mall. Property rate in Kalyani Nagar is priced at Rs. 10,279 per square feet. Though Kalyani Nagar is prominently a residential area, rapid development and improved accessibility over the years has seen the emergence of many new buildings, shopping malls and IT parks with big name companies such as HSBC, Capgemini and Cybage setting up their offices in this region. Hence, buying a property in Kalyani Nagar is a wise decision. The area is situated at a distance of only 5 Km Pune railway station and 4 km from Pune airport which indicates its excellent connectivity.

Read also : Home buyers’ wish-list for Budget 2017: Remove investors, encourage end-users

Koregaon Park real estate –

Property in Koregaon Park assures good return as the area is often viewed as one of the most prestigious addresses in Pune. The property rate in Koregaon Park is Rs.11,733 per square feet. Koregaon Park is located at a distance of 6 Km from Pune International Airport and 4 Km away from the city’s main railway station. Malls in Koregaon Park include Nitesh Hub and Jewel Square Mall. Leading educational institutions in Koregaon Park are Sant Gadge Maharaj School and Wadia College.

Prabhag 36 real estate –

The property rate in Prabhag 36 is around Rs. 12,227 per square feet. Well-known educational institutions are B.M.C.C. College and Garware College.

Shivajinagar real estate –

Shivajinagar is the most important area of Pune as the District Court, Pune Municipal Corporation, College of Engineering, Agricultural College and Shivaji Preparatory Military School are located here. With the property rate in Shivajinagar priced at Rs. 12,362 per square feet, property in Shivajinagar has become a popular choice in the recent times. The area houses an important railway station called Shivajinagar Railway Station which is situated at a distance of only 2 Km from Pune Railway Station. The bus stand at Shivajinagar connects the city to various neighbouring places in the state of Maharashtra.

These are the top 10 lifestyle localities for real estate in Pune that one should definitely consider on account of their future growth potential, excellent connectivity and rapidly developing social infrastructure.

Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle