Lifestyle

Sahakar Nagar property market: An overview

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

Sahakar Nagar is a residential area located in the southern side of Pune. It is located very close to Kondhwa and NIBM. Sahakar Nagar is also very close to Hadapsar, which is one of the major commercial zones of Pune and has three SEZs – Phursungi IT Park, Magarpatta City and the Amanora Park Town. The locality also has a number of tourist spots. Nearby Sahakar Nagar localities include many famous areas of the city of Pune such as Kondhwa, Kothrud, Undri, Mahadev Nagar, Laxmi Colony and Hadapsar. The varieties of projects available in the area are many and they range from affordable to luxurious. There are a lot of reputed builders like BU Bhandari Landmarks, Kolte-Patil Developers and Raviraj who are working on their different projects in Sahakar Nagar. Some of the premier projects in Sahakar Nagar include Sobha Carnation, Kumar Urban Sublime and Kolte-Patil Three Jewels.

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

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

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Connectivity with nearby Sahakar Nagar localities

  • There are a few major roads which run through the area, namely, the Kondhwa Road, the Mumbai-Hyderabad Highway/ The Solapur Road, NIBM Road, etc.
  • The area has an extensive bus service and the Katraj Bus Stand and the Market Yard Bus Depot lie in close vicinity.
  • There is a railway station at Hadapsar from where the railway services can be availed. The Pune Junction railway station is approximately 8 kilometres away from Sahakar Nagar.
  • It takes about 50 minutes from Sahakar Nagar to reach the airport in Pune.

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Employment hubs near Sahakar Nagar

  • Phursungi IT Park, Magarpatta City and the Amanora Park Town are located within 12-13 kilometres from Sahakar Nagar.
  • The SP Infocity and Mega Centre are located at a distance of approximately 14 kilometres.
  • Manikchand IKON is approximately 9 kilometres
  • World Trade Centre, Cerebrum IT Park and the EON IT Park are located approximately 16-17 kilometres away from the locality.

Read also : Commonly used land and revenue record terms in India

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Schools in Sahakar Nagar and social amenities

Sahakar Nagar offers very good social infrastructure to its residents. Some of the reputed schools in Sahakar Nagar include the City International School, Delhi Public School and Amanora School. Some of the leading hospitals in Sahakar Nagar include the Columbia Asia Hospital, Sahyadri Speciality Hospital and Sanjeevani Nursing Home. The shopping needs of the residents are catered by malls in Sahakar Nagar such as the Central Mall, Seasons Mall and Kumar Pacific Mall.

Read also : Commonly used land and revenue record terms in India

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  • Price appreciation- Around 20% in the last one year.
  • Current property rates- Rs 9,500 –Rs 10,100 per sq ft.

Read also : Commonly used land and revenue record terms in India

Read also : DDA to skip environment clause in building bye-laws

 

Reasons to invest in Sahakar Nagar

Considering the price trends in Sahakar Nagar and the rising demand, the locality would prove to be a good bet for 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. Sahakar Nagar is already an upcoming locality in Pune and the government is planning to develop it further. So, the scope of development of infrastructure facilities is there. Considering all these factors, Sahakar Nagar is an excellent place for investment.

Check properties in Sahakar Nagar

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

Debora Berti

Università degli Studi di Firenze, IT

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