Rahatani property market: An overview

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

Rahatani is a premier residential area located in the western suburbs of Pune. The region was a rural area till the Rajiv Gandhi Infotech Park came up in the neighbouring Hinjewadi area. Nearby Rahatani localities include many famous areas of the city such as Hinjewadi, Aundh, Pimpri, Sangvi, etc. A variety of projects are available in the area and range from affordable to luxurious. There are a lot of reputed builders like the RK Lunkad, Sukhwani and Pride, who are working on their different projects in Rahatani. Some of the premier projects in Rahatani include Pride Purple Park Royale, RK Lunkad Nisarg Kiran, Paranjape Schemes Richmond Park, etc.

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Due to the advent of various IT majors and other multi-national corporations, Pune has been witnessing a rapid influx of working professionals from outside. As a result, there has been a surge in the demand for residential apartments in Rahatani, being one of the noted suburbs of Pune. Although prices of the flats in Rahatani are going up at a rapid pace, still, affordable housing to suit the needs of the mid and the junior-level executives of the various companies, can be found here.

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The Maharashtra government has also proposed to develop Rahatani and plans for a number of infrastructure projects have been drawn up. Plans have been proposed by the Pune Metropolitan Region Development Authority as well, to develop a metro route between Hinjewadi and Shivaji Nagar, which will easily connect Rahatani to other parts of the city. The civic amenities have also improved here. The industrial and IT sectors’ growth, have led to the development of the retail and hospitality sectors, as well.

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Connectivity with nearby Rahatani localities

• There are a few major roads which run through the area -e., Wakad Road, Mumbai-Bengaluru Highway, Pune-Nasik Road, etc.
• The area has an extensive bus service and the Pune-Chinchwad Bus Stand and Bhosari Bus Depot lie in close vicinity.
• There is a railway station at Kasarwadi which is approximately 8 kilometres away from Rahatani.
• It takes about half an hour from Rahatani to reach the airport in Pune.

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Employment hubs near Rahatani

• Rajiv Gandhi Infotech Park is located approximately 9 kilometres from the locality.
• Pradhikaran Industrial Zone and Prabhavee Tech Park is also located at a distance of approximately 9 kilometres.
• Panchsheel Tech Park is approximately 6-7 kilometres away.
• International Tech Park is located approximately 10 kilometres away from the locality.

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Schools in Rahatani and other social amenities

Rahatani offers very good social infrastructure to its residents. Some of the reputed schools in Rahatani include the Mercedes Benz International School, DAV School, Wisdom World, etc. Some of the leading hospitals in Rahatani include the Aditya Birla Memorial Hospital, Seth Ramdas Shah Memorial Hospital, Oyster and Pearl Hospital, etc. The shopping needs of the residents are catered by malls in Rahatani such as the Ozone Mall, MSM Mall, Juna Bazaar, etc.

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Price trends in Rahatani

• Price appreciation—Around 20% in the last one year.
• Current property rates—Rs 5,249-Rs 7,057 per sq ft.

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Reasons to invest in Rahatani

Considering the price trends in Rahatani and the rising demand, the locality is expected to become a good investment region in future. There are chances of good appreciation of property rates with a number of projects being developed here. Moreover, the area is located very close to the industrial zones of Pune and IT/ITeS hub. Consequently, the demand for property here will only move upward. What more? The scope of development of infrastructure facilities is also good here. Considering all these factors, Rahatani can be an excellent place for investment.

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