Developers Exploring New Areas for Residential Projects in Pune

Information Technology has played an important role in boosting and re-defining the market for residential projects in Pune. The IT sector has increased job opportunities with attractive pay packages, boosting the purchasing power of home buyers from this segment.

Pune has turned into one of the most quickly-growing IT-driven property locations in India. With the increase in demand, developers are coming up with stylish properties in unexplored areas of the city.

Charoli

An emerging location in Northern part of Pune, Charoli is becoming popular with developers and property buyers. Growing number of employees from the IT and manufacturing industries are looking for flats in Charoli which is strategically located near the Lohegaon Airport of Pune. Developers are coming up with mid-income housing in this area which is also catching the spill over demand coming from Vishrantwadi, Kalyani Nagar, Yerwada and Viman Nagar. Charoli is just 9 kilometres away from the IT hub at Kalyani Nagar and 11 kilometres away from the Pune Railway Station.

Wagholi 

This area is slowly turning into an important suburb for property investment. Initially it was popular as an ‘industrial area’ but today, it has become a prominent residential destination. Wagholi residents can enjoy proximity to the airport, thriving IT hubs in Kharadi and Magarpatta and various existing and upcoming commercial establishments Bund Garden, Kharadi and Hadapsar.

Ambegaon

Ambegoan is attracting home buyers with religious inclination due to the Veeraliyam Temple, a famous Jain temple. Since this location is being developed as a religious destination, developers are coming up with properties that suit all budget segments. This area has close proximity with the Mumbai Bangalore Bypass and NBN Sinhagad Technical Insititute.

Undri, Wakad, Baner, Pimple Nilakh are also becoming popular destinations for buying a bungalow or luxury flats in Pune.

Developers Coming Up with Luxury Residential Projects in Nashik

Nashik has become a lucrative property investment destination due to its proximity to Pune and Mumbai. Investors from both the cities are exploring luxury properties offered by real estate developers in Nashik. According to industry experts, the property market of Nashik will be seeing an unprecedented growth in the coming years. In the last two years, realty rates in this location have increased by 15-30%.

Luxury living is being redefined by the growing number of residential projects at Gangapur Road in Nashik. Developers are coming up with spacious, independent and luxurious villas, houses and multi-storey apartments priced at 80 Lacs and above.

These luxury options are being targeted towards rich buyers who are looking for spacious homes that come with top class amenities like a yoga centre, rooftop jogging track, swimming pool, club house, gym, 24/7 security, parking, private gardens, terraces, intercom facility, air conditioning and rain water harvesting.

Buyers are spending big bucks on residential projects in Nashik that offer river-view. Gangapur Road runs parallel to the Godavari River. Buyers are shelling out 80 Lacs to 1.5 Crores on 3 and 4BHK flats or villas (spread in 1400-1300 square feet). Developers are also coming up with vastu compliant homes in localities around Gangapur Road.

Why Invest in Nashik Real Estate?

Nashik offers good prospects in terms of real estate. From luxurious to affordable, this city has a lot to offer to property buyers and investors. Most of the hotels, schools, restaurants, colleges, malls in Nashik are located near the Gangapur Road.  The city has several IT parks and IT companies and it is emerging as a KPO hub. Market for luxury properties in Nashik is still developing. Demand is less compared to the supply; however, this will change in the months to come.