It has to be said that in recent years Pune has taken its rightful place in the Indian real estate market and is currently one of the key drivers of the country’s economic expansion. Everyone can choose from fantastic residential property options in some of the city’s major neighbourhoods. These areas have something to offer to everyone, including couples and families, working adults, and the immigrant population. They range from modest apartments close to all social amenities and modern infrastructure to luxurious apartments in the centre of the city.
Top Residential Areas of Pune
1. Kharadi and Manjari:Industrial cum Residential localities >
Posh neighbourhoods like Kharadi and Manjari are located in the eastern side of Pune. It is well-known for its Information Technology (IT) parks, the Kharadi Village, which is home to numerous small-scale businesses, and its educational facilities. Kharadi and Manjari are among the best residential areas in Pune.
There are numerous commercial and residential property opportunities in the area. Residential properties are available as 2 and 3 BHK apartment complexes.
|The price range per square foot for commercial real estate in Kharadi, Pune:||₹ 6,121 – ₹ 9,367|
Connectivity: Pune airport is easily accessible from Kharadi. The distance is only 7.3 km, and it takes only about 40 minutes to get there. The distance to the railway station, 10.3 KM, is also about 45 minutes. It is convenient for local residents to travel between the two locations on public transportation, such as buses or trains. Manjari, Pune is located within 25 minutes from Kharadi.
|Facilities of Kharadi|
|Educational Institutions||Kothari International School, Dhole Patil School and Orchids The International School|
|Malls||Sky Max Mall and Phoenix City Mall|
|Hospitals||Rising Medicare Hospital, Motherhood Women and Children’s Hospital and Columbia Asia Hospital|
|IT companies||Veritas Technologies, Honeywell Automation India Ltd., Zensar Technologies|
|Residential complexes||Godrej Sky Green, Godrej Parkridge, Godrej Rivergreens, Godrej Greens|
Mamurdi : One for the future
Off Dehu Road in Pune, there is a developing neighbourhood called Mamurdi. There are numerous residential and commercial projects planned for this area, making it a promising location. It is set to be the ideal modernistic location that catches the eye of investors because it is a self-sufficient place in and of itself.
|Average price per sq.ft. to buy a residence in Mamurdi, Pune||Just over ₹5,500|
|Mean price to rent a house||A little over ₹11,800 per month.|
|Facilities of Mamurdi|
|Connectivity||It is close to the highway connecting Mumbai and Bengaluru and the Mumbai-Pune Expressway. Mamurdi’s main growth is due to its excellent connectivity to important employment centres like Hinjewadi.|
|Educational Institutions||S.B Patil College of Science and Commerce, Symbiosis College, Bethany Convent School|
|Hospitals||JivanrekhaMultispeciality Hospital, Sai Siddhi Clinic, Shubhshreemultispeciality hospital|
|Residential complexes||Godrej Park Greens, Godrej Forest Grove, Godrej Serene|
Undri : Pleasures of nature
Undri, Pune is situated in the southwest part of the city and presents a potential market for starter homes that meet the budget requirements of the middle-income group.The presence of the well-known Country Club Branch, Rajiv Gandhi Zoological Park, and recreational opportunities contribute to a comfortable lifestyle. Furthermore, for those looking for a larger-than-life experience, there are multiple entertainment options, bars, and nightclubs.
Buyers in Undri have a wide range of options, including luxury apartments, high-end villas, and 1, 2, 3, and 4 BHK apartments. The neighbourhood has seen a 5.8% price increase, with the mean housing unit costing just over Rs. 4,200 per sq ft.
|Facilities of Undri|
|Connectivity||NH 9 and the Mumbai-Pune bypass are two important routes that provide easy access to the region. The closest airport is 12 kilometres away, and the closest railroad station is about 8 kilometres away.|
|Educational Institutions||Architectural College, Bishops Co-Education School. Satish Misal Educational Foundations (SMEFS)|
|Malls||Seasons mall, Dorabjee’s Royale Heritage Mall, Amanora mall|
|Hospitals||Chintamani Hospital, Inamdar Multi-Specialty Hospital, HV Desai Eye Hospital,|
|IT companies||Amdocs, Centillion Technology, Accenture|
|Residential complexes||Godrej Greens|
Hinjewadi :IT hotspot of Pune
The north-western suburb of Pune, Hinjewadi, is a well-known centre for multinational corporations. Commonly referred to as the Silicon Valley of Pune, it hosts a number of residential and commercial properties.
The majority of the residential properties on the market here are apartments, bungalows, standalone homes, and villas with 1-4 bedrooms. According to 99acres, over 80% of prospective home buyers searched for 2 BHK models in Hinjewadi, Pune over the past six months, with buy rates averaging just over INR 6,500 per sq ft. A 2 BHK residence typically costs about INR 17,000 per month to rent.
|Facilities of Hinjewadi|
|Connectivity||Through NH-4, Hinjewadi has easy access to the Mumbai-Bangalore highway. The Pimpri train station is 11 kilometres away and the Lohegaon Airport is not far either.|
|Educational Institutions||VIBGYOR High School Hinjewadi, Ryan International Academy, Mercedes Benz International school|
|Malls||Xion mall, Grand Highstreet|
|Hospitals||CityCare Medical Center, Shatayu Hospital Hinjewadi, Lifetree Hospital|
|IT companies||Globant India Pvt. Ltd, Exacore IT Solutions Private Limited, Greentin Solutions Pvt Ltd|
|Residential Complexes||Godrej Woodsville|
Mahalunge: The splendid greenery
Mahalunge is a mid-segment neighbourhood located in Pune’s western region. This area is close to Baner Sus, Sus, and Veerbhadra Nagar.
|Average cost per square foot for apartments in Mahalunge||Just over ₹7800|
|Mahalunge’s typical monthly rent||Ranges from ₹11900 to ₹25800.|
|Facilities of Mahalunge|
|Connectivity||Mahalunge, Pune is accessible from Wakad Chowk Metro Station and Bus Stand.|
|Educational Institutions||Mahalunge ZilaParisad Primary School, PICT Model School, Educon International School|
|Malls||Primrose mall, Xion mall|
|Hospitals||Spandan Hospital ICU &Multispeciality, Benecare hospital, Manipal hospitals|
|Residential complexes||Godrej Riverhills,Godrej Hill Retreat, Godrej Hillside|
What is the top locality in Pune for an IT professional?
Hinjewadi would be an ideal destination for an IT professional as it is located near many IT hubs.
What is the recommended area to buy a flat in Pune?
Pune and its outskirts are constantly developing. As a result, residential hotspots are cropping up in a number of locations. One can weigh their options and compare to find their preferred location.
Is Pune considered one of the safest cities in India?
Yes, Pune is relatively one of the safest cities in India with lower crime rates and secure communities. (Source:Magicbricks https://www.magicbricks.com/blog/safest-city-for-women-in-india/125628.html)
What are the posh areas in Pune?
Hinjewadi, Kharadi, Mamurdi, and Mahalungeare among the poshest areas in Pune.