Keshav Nagar property market: An overview

[ecis2016.org] Keshav Nagar is one of the rapidly developing suburban areas of Pune and is one of the industrial zones and IT hubs of Pune. The area has good civic amenities and is very well-connected to the other parts of the greater city of Pune

Keshav Nagar is a premier residential area located in the eastern suburbs of Pune. It is also one of the oldest localities of Pune.

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Keshav Nagar lies very close to Kharadi, which is one of the major commercial zones of Pune and has one SEZ – EON IT Park. Many IT companies, like Zensar, Mphasis, Wipro and Eaton, have their offices in this area. The locality has also got a number of tourist spots. Nearby Keshav Nagar localities include many famous areas of the city of Pune such as Lohegaon, Wagholi, Chandan Nagar and Kharadi. The varieties of projects available in this area are many and they range from affordable to luxurious.

There are a lot of reputed builders like Marvel Realtors, Goel Ganga Group and Mantri Constructions, who are working on their different projects in Keshav Nagar. Some of the premier projects in Keshav Nagar include Konark Villa Espanol, Kolte Patil Signature Meadows, Goel Ganga Carnation, etc.

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Due to advent of various IT majors and other multi-national companies (MNCs), the city of Pune has been witnessing a rapid growth in influx of working population from outside the city. As a result there has been a surge in the demand for residential apartments in Keshav Nagar, with it being one of the noted suburbs of Pune. Even though the prices of the flats in Keshav nagar are going up at a rapid pace, affordable housing to suit the needs of the mid and the junior-level executives of the various companies can still be found here.

The civic amenities are excellent here. The industrial growth and the growth of the IT sector have also led to the development of retail and hospitality sectors in the area.

Connectivity with nearby Keshav Nagar localities

• There are a few major roads which run through the area, namely the Nagar Road, the Mundhwa Road, Keshav Nagar Bypass, Fountain Road and Grant Road.
• The area has extensive bus services and the Kharadi Bus Stand and the Pune Swargate Bus Depot lie in close vicinity.
• The Pune Junction railway station is approximately 8 kilometres away respectively from Keshav Nagar. There are railway stations at Khadki and Shivaji Nagar from where the railway services can be availed.
• It takes about 20 minutes from Keshav Nagar to reach the Pune Airport.

Employment hubs near Keshav Nagar

• World Trade Centre, Cerebrum IT Park and the EON IT Park are located 5-6 kilometres away from Keshav Nagar.
• RMZ Westend is approximately 16 kilometres
• Phursungi IT Park, Magarpatta City and the Amanora Parktown are approximately 4-5 kilometres from the locality.

Schools in Keshav Nagar and other social amenities

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Keshav Nagar offers very good social infrastructure to its residents. Some of the reputed schools in Keshav Nagar include the Symbiosis International School, The Lexicon International School and The Orbis School. Some of the leading hospitals in Keshav Nagar include The Columbia Asia Hospital, Shree Hospital & Diagnostic Center and Sanjeevani Nursing Home & Research Center. The shopping needs of the residents are catered to by malls in Keshav Nagar such as the Koregaon Park Plaza, Jewel Square Mall and Inorbit Mall.

 Price trends in Keshav Nagar

• Price appreciation- Around 20% in the last one year.
• Current property rates- Rs 4,609 –Rs 6,729 per sq ft.

 Reasons to invest in Keshav Nagar

Considering the price trends in Keshav Nagar and the rising demand, the locality would prove to be a good investment. There is excellent appreciation of property rates with a number of projects being developed here. Moreover, the area is one of the IT/ITeS hubs and industrial zones of Pune. Keshav Nagar is already an upcoming locality in Pune and the government is planning to develop it further and so, the scope of development of infrastructure facilities is also there. Considering all these factors Keshav Nagar is an excellent place for investment.

Check properties in Keshav Nagar

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