Mar 06, 2024Pune Real Estate

Latest Trends and Developments in Keshav Nagar's Real Estate Market

by Godrej Properties Limited

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Real estate prices in Keshavnagar have not seen rapid growth in recent years due to challenges like inadequate infrastructure and disorganised development. However, the upcoming infrastructure projects in and around Keshav Nagar Mundhwa are expected to reshape the real estate scenario in the area. A notable example of the impact on Keshavnagar's real estate market is the new Kharadi-Keshavnagar Bridge. Keep reading to know the latest trends in real estate in Keshav Nagar.

Property Rate Trend in Keshav Nagar

The current trend suggests that both buying and selling properties in Keshav Nagar are profitable. Over the past year, property rates in Keshav Nagar have experienced a 4.03% increase, reflecting the developments in Keshav Nagar real estate. 

There are several properties listed for sale in Keshav Nagar, with a starting price of Rs. 450 per sqft. The average property price stands at Rs. 6,659 per sqft, while the most expensive property on the listing is priced at Rs. 11,000 per sqft. The average rent in the area is ₹25,728.

Keshav Nagar Mundhwa Infrastructure Development: New projects

The Pune Municipal Corporation (PMC) road department accomplished the long-pending road widening at the Mundhwa-Keshavnagar junction in just 24 hours. After 32 years of delay, the road department swiftly took action, removing all encroachments, completing pending land acquisition work, and constructing a high-quality, 24-meter-wide road. 

The Pune Municipal Corporation has approved the construction of six new roads through a public-private partnership (PPP). These roads, set to be developed in the Mundhwa and Mohamadwadi areas of Pune, aim to alleviate traffic congestion in the eastern part of the city. The project, estimated at ₹162 crores, will cover a distance of seven and a half kilometres. However, the detailed project for Keshav Nagar, including the development of 17-metre and 24-metre roads, is yet to be completed. 

Keshav Nagar was previously under the gram panchayat and later came under the PMC. The government allocated Rs. 2.5 crore from MLA funds during for developing the road from Manjri to Lonkar Vasti.

Sustainability and Green Initiatives in Keshav Nagar

The area values greenery, with parks scattered across, offering residents peaceful escapes within the city. Notable green parks like Ganga Park and Ganesh Balk Park contribute to the area's charm. Godrej Infinity, situated in Pune's lively neighbourhood of Keshav Nagar, embraces open spaces, boasting over 12 acres of central greens with landscaped gardens. Godrej Keshav Nagar focuses on creating a high-end, sustainable, and green living environment for its residents.

Godrej Township Project in Keshav Nagar Pune

Godrej Properties Keshav Nagar is committed to expanding its presence in Pune, aligning with its goal of strengthening its position in well-established micro markets across major cities in India. Their prominent project in Keshav Nagar are:

Godrej Infinity

Godrej Infinity Keshav Nagar is a ready-to-move housing society offering a range of apartments in different budget categories. These units are an ideal blend of comfort and style, tailored to meet your specific needs and preferences. 

1 BHK: 673 sq.ft., priced at Rs. 51 lakhs

2 BHK: 430 sq.ft., priced at Rs. 53 lakhs

3 BHK: 1,250 sq.ft., priced at Rs. 1.42 crores

Godrej Rejuve

Godrej Rejuve Keshav Nagar promises all essential facilities and amenities tailored to meet the needs of homebuyers. Godrej Rejuve is set for possession in March 2024. The housing society offers various choices that cater to diverse preferences. 

2 BHK: 601 sq.ft., starting at Rs. 70 lakhs onwards

3 BHK: 873 sq.ft., starting at Rs. 1.25 crores onwards

The Final Word

The real estate market in Keshav Nagar is witnessing a profitable trend, with a 4.03% increase in property rates over the past year. Infrastructure development continues with the approval of six new roads in the Mundhwa and Mohamadwadi areas. Projects like Godrej Infinity and Godrej Rejuve ensure diverse and comfortable living options in Keshav Nagar.

Frequently Asked Questions

1. How are the real estate market trends in Keshav Nagar?

Ans: There is a 4.03% increase in property prices.
 

2. What are the Godrej Properties in Keshav Nagar?
Ans: Godrej Properties in Keshav Nagar include Godrej Infinity and Godrej Rejuve, offering diverse configurations and stylish living spaces.

 

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