Lifestyle

Pune Camp property market: An overview

[ecis2016.org] Pune Camp is one of the posh localities of Pune and is located very close to the industrial zones and the 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.

Pune Camp is a cantonment and a premier residential area located in the south of Pune and is one of the oldest areas. The cantonment was established in 1918 to accommodate the British army. Now it the headquarters of the Indian Army’s southern command. The camp also has the Armed Forces Medical College in it. Nearby Pune Camp localities include many famous areas of the city of Pune such as Koregaon Park, Kalyani Nagar, Yerwada, Ghorpadi and Magarpatta. 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 Kolte-Patil Developers, Marvel Realtors and Kumar Builders (KUL) who are working on different projects in Pune Camp. Some of the premier projects in Pune Camp include Kumar Presidency, Kolte-Patil Lapis Lazuli and Marvel Aurum.

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Due to the 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. As a result, there has been a surge in the demand for residential apartments in Pune Camp, with it being one of the noted areas of Pune.

The area has a cosmopolitan population and many neighbouring areas are being developed by the government. This in turn has led to the development of many commercial zones here. The civic amenities have improved. The industrial growth and growth of the IT sector, have also led to the development of the retail and hospitality sectors in this area. Pune Camp lies very close to Koregaon Park, which still has the highest number of bungalows in the state of Maharashtra.

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Connectivity with nearby Pune Camp localities

  • There are a few major roads which run through the area, namely, the Koregaon Road, the Prince of Wales Drive and Deccan College Road.
  • The area has an extensive bus service and the Pingle Wasti Bus Stand and the Pune Bus Stand lie in close vicinity.
  • There is a railway station at Shivaji Nagar from where the railway services can be availed. The Pune Junction railway station is approximately 4 kilometres away from Pune Camp.
  • It takes about 25 minutes from Pune Camp to reach the airport in Pune.

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Employment hubs near Pune Camp

  • Nyati Tiara is located at about 5 kilometres from the locality of Pune Camp.
  • Manikchand IKON, Connaught Place and Cerebrum IT Park is located at a distance of approximately 7 kilometres.
  • Tech Park OneYerwada is approximately 4 kilometres
  • Weikfield ITciti InfoPark is located approximately 6-7 kilometres away from the locality.

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Schools in Pune Camp and other social amenities

Pune Camp offers very good social infrastructure to its residents. Some of the reputed schools in Pune Camp include the Lexicon International School, Billabong High International School and Symbiosis International School. Some of the leading hospitals in Pune Camp include the Jehangir Hospital, Columbia Asia Hospital, Sahyadri Speciality Hospital, etc. The shopping needs of the residents are catered to by malls in Pune Camp such as the Pune Camp Plaza, Ashoka Mall and Pulse Mall.

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  • Price appreciation- Around 20% in the last one year.
  • Current property rates- Rs 6,628 –Rs 10,939 per sq ft.

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Reasons to invest in Pune Camp

Considering the price trends in Pune Camp and the rising demand, the locality would prove to be a good investment option. There is excellent appreciation of property rates with a number of projects being developed here. Moreover, the area is also located very close to the IT/ITeS hub and industrial zones of Pune. The Maharashtra government is developing the nearby locations of the locality and so, the scope of development of infrastructure facilities is also there. Considering all these factors, Pune Camp is an excellent place for investment.

Check properties in Pune Camp

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

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

Debora Berti

Università degli Studi di Firenze, IT

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