Pune is the cultural capital of India that has seen an influx of professionals and students due to its thriving business and educational hubs. The rise in the property price has led to a high ROI and investment value leading to an increasing demand. Additionally, the launch of infrastructural projects and peripheral areas like Pune Ring Road and the MHADA Metro project led to an uptick in property prices.
Top 10 Areas for Real Estate Investment in Pune
1. Balewadi
Located in the western part of Pune, Balewadi is known for its proximity to the Hinjewadi IT Park and the Mumbai-Pune Expressway. The area offers a mix of residential and commercial developments, it offers a balanced lifestyle. Balewadi offers a strategic location, excellent connectivity, and ongoing infrastructural developments making it a promising investment.
2. Hinjewadi
Hinjewadi is Pune’s IT hub which has witnessed rapid growth over the years. Situated in the western part of the city, the area boasts of major IT companies thus increasing the demand for housing. Wakad, Baner, Tathawade, and Balewadi are well-connected to the area which makes it a popular investor choice.
3. Wakad
Wakad in the western suburbs, is a rapidly developing residential and commercial hub. Its proximity to Hinjewadi and the Mumbai-Pune Expressway enhances connectivity. The growing demand for housing spaces along with planned infrastructure projects is also located near to Rajiv Gandhi Infotech Park in Hinjewadi with major IT/ITeS and BPO companies.
4. Baner
Situated in the western part of Pune, Baner is known for its upscale residential projects and a thriving commercial sector. The area enjoys proximity to the Hinjewadi IT Park and the Mumbai-Pune Expressway, making it a sought-after locality. The development of premium residential complexes and the presence of shopping malls. The area is located near the 23.3 km metro line that runs through Hinjewadi Phase III Civil Court which will elevate the connectivity.
5. Hadapsar
Hadapsar is an emerging IT and industrial hub that makes it a promising area of investment in Pune. The area’s strategic location and connectivity to prominent IT parks Magarpatta City and Fursungi IT Park make it an attractive investment. IBM, Accenture, TCS, and SAS are leading business hubs that makes it a growing commercial landscape.
6. Kharadi
Positioned in the eastern corridor, Kharadi is Pune’s IT and business hub, adjacent to Hadapsar and Viman Nagar. Its strategic location, and proximity to EON IT Park, and the World Trade Center make it a hotspot. Boasting a mix of commercial and residential developments, Kharadi is a lucrative investment. The area is also located close to the Ramwadi Metro Station on the Maha Metro Line 2, Koregaon Park, Cyber City and Kalyani Nagar.
7. Pimple Nilakh
Pimple Nilakh is nestled in the northwest and is located near Aundh and Wakad. The area is located in the East of Manjri, South of Hadapsar making it a well-established area. Pimple Nilakh is also located near Magarpatta and Kharadi which promises a high ROI making it a sound choice for real estate investors. With the demand for quality housing on the rise and planned developments enhancing the area’s appeal.
8. Mundhwa
Located in the eastern part of Pune, Mundhwa is surrounded by Kharadi and Hadapsar. Known for its scenic views and proximity to the Mula-Mutha River, Mundhwa is gaining prominence. With the increasing demand for residential and commercial spaces, investors can expect a promising ROI. Also, the area is located at a distance of 700m which makes it a property worth investing.
9. Kondhwa
Situated in the southern part of Pune, Kondhwa is situated near NIBM Road and Wanowrie. Known for its diversity, the area is also connected to Pune Railway Station and the airport which boosts connectivity. The area has a strategic location and is also located near the Pune-Solapur Highway and Katraj-Hadapsar Road which makes it a worthy investment. The average value of a plot in Kondhwa starts from Rs 6,136 per sq ft.
10. Viman Nagar
Located in Eastern Pune, Viman Nagar is a vibrant area adjacent to Kharadi and Nagar Road. With proximity to Pune International Airport and two large IT parks makes it a sought-after residential and commercial destination. The strategic location makes Viman Nagar an attractive investment. Additionally, the IT hubs of Kharadi and Magarpatta make promises of an ROI thus increasing the demand for developed housing.