Bhugaon property market: An overview

[ecis2016.org] Bhugaon is a well-coveted residential locality of Pune. A suburb of Pune west, Bhugaon has been gaining prominence in Pune’s real estate market for the past few years

Bhugaon is among the top localities of Pune, Maharashtra, which is preferred as a residential destination. It is bordered by some of the very popular and developed localities of Pune, including Chande, Baner, Bavdhan, Pirangut, Aundh, Dattavadi, Deccan Gymkhana, Balewadi, Dhayari and Karve Nagar. The top builders in the Bhugaon real estate market include Paranjape Schemes, Abhinav, Riswadkar Associates, Dagde, Jori Dagade Associates, Prestige Developers and Venkateshwara Realty. The properties in Bhugaon range between 576 sq ft and 4,000 sq ft.

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The locality is well-connected to various developed areas and a number of hotels, schools, banks and hospitals via an excellent network of railways and roadways. The locality is witnessing an increase in the population in the recent years, owing to its proximity to various employment hubs.

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Connectivity with nearby Bhugaon localities

• Paud Road is a major connecting road in Bhugaon, which has now been widened to 180 ft.
• The locality is well-accessible from developed and commercially improved areas of Kothrud, Bavdhan and Hinjewadi.
• The nearest railway station is situated at a distance of 7 kilometres

Read also : Are developers reluctant to involve home buyers in the construction process?

Read also : Hinjewadi, Pune: IT hubs drive demand for residential properties

Employment hubs near Bhugaon

• IT park of Hinjewadi.
• Multi-national companies such as Oracle.

Read also : Are developers reluctant to involve home buyers in the construction process?

Read also : Hinjewadi, Pune: IT hubs drive demand for residential properties

Schools in Bhugaon and other social amenities

Bhugaon provides its residents with all kinds of social amenities to live a happy and peaceful life. Schools in Bhugaon include Rainbow International School, Sri Sri Ravishankar Vidya Mandir, Avishkar English Medium School, Sanskriti School, Flame School of Communication, Flame School of Business, Flame School of Liberal Education, Ryan International School and many others. The major hospitals in Bhugaon include Unique Multispeciality Hospital, Omkar General Hospital, Varad Hospital, Shatayu Hospital, Arpan Hospital and ResQ Charitable Trust. Apart from these Bhugaon also has recreational amenities and proximity to various banks and ATMs.

Read also : Are developers reluctant to involve home buyers in the construction process?

Read also : Hinjewadi, Pune: IT hubs drive demand for residential properties

Price trends in Bhugaon:

• Price appreciation – Around 7% in the last 41 months.
• Current property rates- Rs 4,000– Rs 5,100per sq ft.

Read also : Are developers reluctant to involve home buyers in the construction process?

Read also : Hinjewadi, Pune: IT hubs drive demand for residential properties

Reasons to invest in Bhugaon

Considering the increasing price trend in Bhugaon and the obvious rise in demand, the locality will definitely prove to be a good investment option. The presence of commercial hubs in and around the locality, is making Bhugaon a coveted working, as well as a residential destination of Pune.

Big-ticket projects like Paranjape Schemes Athashri Valley, Skyi Star Towers, Paranjape Schemes The Highlands and Prestige Developers Height, make Bhugaon a rather posh and coveted residential neighbourhood.

Check properties in Bhugaon

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Category: Lifestyle