Lohegaon property market: An overview

[ecis2016.org] Lohegaon is a small village situated in Pune. One of the oldest Air Force bases in India, Lohegaon is a rapidly-developing residential destination of Pune and may soon be a coveted locality

Although it is a small village of Pune, Lohegaon is becoming one of the most coveted localities of Pune, owing to economic development, extensive network of roadways and railways and its proximity to the city of Mumbai. Mumbai is only 162 kilometres from the locality of Lohegaon. It is surrounded by the developed areas of Pune, such as Pimpri Chinchwad and Saswad. The Lohegaon real estate market is picking up pace and may prove to be a very lucrative destination for those willing to invest in Lohegaon.

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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.

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Connectivity with nearby Lohegaon localities

• Local bus operators serve this area.
• The nearest railway station can be accessed by two different routes –

Rajya Rajmarg 27 and via Airport Road and it is thus, at a distance of 11.3 kilometres and 12.3 kilometres respectively.

• The Pune International Airport is at a distance of9 kilometres

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Schools in Lohegaon and other social amenities

Lohegaon provides its residents with all kinds of social amenities to live a happy and peaceful life. Various schools in Lohegaon include Rambhau Moze School, Sant Tukaram Junior College, Emmanuel English Medium School, Marathi School and Jivan Shikshan Mandir, among others.

The major hospitals in Lohegaon include Kashinath Hospital, Mauli Hospital and Dr Chavan Hospital & Research Centre.

It houses a number of luxurious shopping hubs, including Central 2, Ishanya Mall and Mariplex Mall. Apart from these it also has several banks and ATMs such as Canara Bank, Axis Bank, Oriental Bank of Commerce and State Bank of India.

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Physical infrastructure in Lohegaon

• The existing road connecting 509 Chowk and Lohegaon is, proposed to be closed by the Indian Air Force and a new road will be replacing it. The project will be undertaken by the Pune Municipal Corporation (PMC).

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Price trends in Lohegaon

• Price depreciation – Around 1% in the last 1 year.
• Current property rates- Rs 3,350–Rs 4,600per sq ft.

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Reasons to invest in Lohegaon

Although the price rates have been seen to be decreasing in the present scenario, the increasing demand of properties in Lohegaon will soon cause property rates to rise. So, investing in Lohegaon will prove to be quite lucrative in the future. One can easily buy properties in and around Lohegaon at the present low rates and wait for the development to kick in.

Big-ticket projects like Choice Group Goodwill Metropolis East, Choice Group Goodwill Metropolis West, Jay and Scon Group and Sonai Landmark Shaurya Residence and Nivasa Constructions Udan will make Lohegaon a rather posh and coveted residential neighbourhood in the near future.

Check properties in Lohegaon

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Category: Lifestyle