Top 5 Affordable Localities in Pune | Nirman Developers
Pune is a flourishing real estate destination in India. This desirable city is a complete package for any investor: it is an established academic & IT hub and an emerging manufacturing destination; infrastructure is developing at a fast pace, and it has a good climate throughout the year. Everything you need for a better return on your investment is perfectly met if you’re investing in Pune. Now, the question arises: where in Pune? Pune City has almost reached saturation, and the property prices are steep. It is the Pune peripheries that have attractive and affordable real estate options now. This blog will discuss the top five affordable localities in Pune where you may invest.
Affordable Localities of Pune
Wagholi-Bakori
Amongst the top five affordable localities in Pune is Wagholi-Bakori. It has emerged as a desirable residential location in Pune. This north-eastern Pune location has a steep housing demand that has been generated by adjoining employment hubs at Viman Nagar, Kalyani Nagar, Nagar Road/ Off Nagar Road, and Kharadi. The neighboring areas of Wagholi-Bakori are home to numerous IT parks, such as Giga Space, Eon, Weikfield IT Park, and Tech Park One. There are offices of major global IT and Business Process Outsourcing (BPO) firms here.
The property rates in the area are quite affordable, creating residential demand. The presence of good infrastructure, proximity to Hadapsar railway station and the airport, and availability of academic institutions, banks, entertainment options, markets, etc, make the place very livable.
Pisoli
Pisoli is a scenic suburb of Pune that is gaining popularity among homebuyers, given its affordable property rates. Compared to other suburbs, homes in Pisoli are reasonably priced. The presence of popular employment hubs around the area makes it a desirable residential locality, too. There are industrial hubs of Kondhwa and Hadapsar, which are conveniently accessible from Pisoli; Kharadi can be reached via Hadapsar road, whereas Hinjewadi is easily accessible through National Highway-65 and National Highway-48 from Pisoli. Because of these employment hubs, there will always be a stable housing demand in the area.
Pisoli is well-connected to other parts of the city via the Mumbai-Pune Bypass and Satara Road. The social infrastructure is good, with schools, markets, and banks in the vicinity. The nearest railway station from Pisoli is Sasvad Road, and Pune railway station is only 12 km apart.
Pune Airport is only 18.5 km from here. There is a proposed new airport at Purandar near Pisoli. Amongst the affordable localities in Pune, the Undri-Pisoli area also has a high livability quotient.
Kharadi
With property rates more affordable than in Pune city, Kharadi is a great investment bet. Kharadi is located in East Pune. It enjoys a good road network; Hadapsar railway station is located just 5 km away from the Kharadi, and the airport is also well-connected. Kharadi offers everything you require: academic institutions, healthcare centers, banks, markets, entertainment options, etc.
Employment hubs in the vicinity of a locality generate more housing demand in the area. Kharadi offers you excellent connectivity to EON Free Zone, EON Knowledge Park, Kharadi IT Park, World Trade Centre, Magarpatta, Cerebrum IT Park, and Cybercity. There are some prominent corporate houses offices here: Barclays Technology Center, Credit Suisse Services, Reliance, Wipro, Tata Communications, Polaris, Citicorp Services, etc. Kharadi will soon be connected by the Pune metro, too. Not only is the property more affordable here, but the infrastructure is also good.
Among the few affordable localities in Pune, the property prices in 2 & 3 BHK Flats in Kharadi Pune will soon shoot up, given the development in the area.
Bhugaon Pocket
Bhugaon lies in the south-west corridor of Pune. The area enjoys seamless connectivity with central Pune, making it extremely desirable for housing options. No wonder Bhugaon Pocket has quite a few new housing projects. In the last two years, investment activity has paced up in the area and the neighboring Pirangaut Road. People are also considering this area for a weekend home as it lies close to Manas Lake. Bhugaon also enjoys proximity to well-developed areas like Bhavdhan, Chandini Chowk, and Kothrud. So, those who can’t afford a home may buy their abode in the nearest neighborhood, the Bhugaon pocket. Property rates are very affordable here, and the developing infrastructure of the area is giving way to more and more homebuyers showing keen interest in buying property here.
Hadapsar
Located in East Pune, Hadapsar is emerging as a residential and commercial locality of Pune. Hadapsar is home to numerous IT parks, industrial sheds and corporate offices, shopping malls, educational institutes, schools, hospitals, and banks, making it a self-sufficient and highly sought-after area. The property rates in hadapsar are affordable, and if you work in and around the area, you must consider buying a home here. Having job opportunities in a locality is a major draw for homebuyers.
The area offers good connectivity with the rest of the city. Well connected to the Pune-Solapur Highway and Mumbai-Pune Expressway, Hadaspar lies at an approachable distance from the Pune railway station and the Pune airport. The locality’s infrastructure is also fast developing. A light metro rail corridor between Hadapsar and Katraj has been proposed. Also, the Hadaspar railway station is being upgraded. Social amenities are good; there are good schools, healthcare centers, and entertainment options, and basically, everything you need is easily accessible. Also, NH 65 lies close to the Hadapsar region, making it easy to travel to other cities from Hadaspar.
The affordability of a property makes it a desirable investment option, but its infrastructure, connectivity, and proximity to employment destinations make it even more attractive. This was a handy guide to the top five affordable localities in Pune. Make an informed choice before you take the plunge.
