Jun 13, 2023

Mahalunge: Real Estate Development Plan

by Godrej Properties Limited

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With its strategic location, excellent connectivity, and growth potential, Mahalunge presents a promising landscape for both developers and homebuyers. Read this blog to delve into its most anticipated real estate development plans.

Mahalunge, a locality on the outer edge of Pune, has emerged as a vibrant real estate hotspot witnessing positive growth and investor interest. With many upcoming infrastructure developments and employment opportunities, property prices here in Mahalunge are growing, with an excellent possibility of long-term capital appreciation and rental income.

Key Elements of the Real Estate Development Plan in Mahalunge

Whether looking for a mid-segment house or a premium property, Mahalunge offers all. Most housing projects in the area boast modern amenities such as landscaped gardens, fitness centres, and community spaces, providing a comfortable and enriching living experience, with perks like:

Proximity to Nearby IT Hubs

Mahalunge enjoys an enviable location in western Pune, positioned near prominent IT hubs such as Aundh, Baner, and Wakad. This proximity to major employment centres has sparked a surge in demand for housing in this locality.

The Hinjewadi IT Park, located just a few kilometres away, is home to numerous multinational companies, attracting a talented workforce. This factor also contributes to the overall desirability of Mahalunge as a residential destination.

Anticipated Infrastructure Development

The highly awaited Pune Metro project is set to seamlessly connect Mahalunge with the rest of the city – especially Hinjewadi - bolstering its connectivity and accessibility. Furthermore, the development of wider roads, flyovers, and improved public transport systems further enhances its allure as a prime real estate investment.

Another noticeable project is the Mahalunge - Maan Hi-Tech City, under the aegis of PMRDA (Pune Metropolitan Region Development Authority). The township features mixed development comprising diverse residential and commercial properties. Once completed, the project will become the benchmark for 45 similar proposed developments across the state.

Expected Price Appreciation

With over 250 properties available for sale, Mahalunge shows no signs of slowing down in terms of real estate price appreciation. The property rates here average INR 7900-8500 per sq. ft. for apartments. 

As per industry estimates, it witnessed an impressive growth of 3.2% in one year and a whopping jump of 20% in the last three years. The builder floors in the locality sell at average prices of INR 7,500 per sq. ft.

Bottom Line

The real estate development in Mahalunge is backed by factual evidence and tangible benefits for both developers and residents. So, create your abode here with a wonderful property!

 

Frequently asked questions

1. How is Mahalunge's connectivity to other parts of Pune?

Ans: The area enjoys excellent connectivity to various IT parks, industrial zones, and commercial hubs across Pune. It is located quite close to the Mumbai-Pune Expressway, allowing commuting to Mumbai, Pune, and other nearby cities.

2.Are there any reputed educational institutions in Mahalunge?

Ans: Yes, the real estate development plan in Mahalunge includes many prestigious educational institutions like Symbiosis International University, Blue Ridge Public School, Om International School, MIT-World Peace University, and Mercedes-Benz International School.

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