Which is the best area in Pune to buy a flat?

 

Unlocking Pune’s property potential: Best areas to invest

As one of India’s most vibrant and rapidly developing cities, Pune has become a hotspot for real estate investment.

Known for its evolving IT sector, esteemed educational institutions, and rich cultural heritage, Pune offers a unique blend of opportunities for investors looking to capitalise on the city’s growth.

Whether you are a seasoned investor or a first-time buyer, Pune’s diverse real estate market has something for everyone.

Here are some of the locales that promise the best returns:

1. Hadapsar

Hadapsar, a rapidly growing suburb in Pune, has become the favoured choice of investors seeking high returns in the residential sector.

It is home to major IT parks like Magarpatta City and SP Infocity, attracting a steady influx of professionals and boosting demand for residential and commercial properties.

Hadapsar’s strategic location, with easy access to the Mumbai-Hyderabad Highway and Pune Ring Road, enhances its connectivity to key city areas and beyond.

The suburb houses many popular shopping malls, schools, hospitals, and recreational spots, making it an ideal choice for families and young professionals.

With ongoing infrastructural developments and a price appreciation of 25% over the past three years, Hadapsar presents an attractive opportunity for developers and home buyers.

Tap into Hadapsar’s real estate potential with Joyville Homes, by SPRE. They offer a range of elegant living experiences with holistic living, and world-class amenities designed for your every comfort and need.

Explore their affordable 2 and 3 BHK homes in Joyville Hadaspar Annexe and Joyville Celestia.

Know more about their premium 3 BHK Duplexes with family rooms at Joyville Sky-Luxe Edition, and their luxury 3 and 4 BHK residences and villas at SPRE Wildernest. To know more about their offerings, click here — https://shapoorjirealestate.com/residential/wildernest

Shapoorji Pallonji’s Wildernest

2. Hinjawadi

Hinjawadi, often hailed as Pune’s Silicon Valley, is a premier destination for real estate investment.

Known primarily for its sprawling IT parks and the presence of tech giants like Infosys and Wipro, Hinjawadi has rapidly transformed into a bustling commercial and residential hub.

The area boasts excellent connectivity via the Mumbai-Pune Expressway, making it a strategic choice for professionals seeking convenience and modern amenities.

With an array of luxury apartments, educational institutions, healthcare facilities, and entertainment options, Hinjawadi offers a vibrant lifestyle.

Its continuous infrastructure development and robust demand for rental properties make it the perfect investment opportunity, with a property price appreciation of 13% in the last year and up to 32% in the past three years.

Experience the best of Hinjawadi at Joyville Sensorium by Shapoorji Pallonji Real Estate (SPRE), with their spacious but affordable 2 and 3 BHK homes.

Nestled on the banks of the Mula River, their homes promise spectacular views, luxurious amenities, and a well-rounded lifestyle. To learn about their 2 and 3 BHK homes in Sensorium, click here — https://www.joyvillehomes.com/sensorium/

3. Bavdhan

Surrounded by lush green hills, Bavdhan provides scenic views and the ideal blend of the urban and country lifestyle.

It is the ideal location for buyers who wish to retreat from the bustling city and reconnect with nature.

Despite its natural charm, Bavdhan boasts robust infrastructure with well-developed roads, reputable schools, and modern healthcare and recreational facilities.

Its strategic location on Pune’s Western Corridor gives it easy access to the Mumbai-Pune Expressway and State Highway 60. The locale has seen a steady price appreciation in its residential real estate, with a hike of about 17% in the last two years.

Its proximity to Pune’s industrial and IT hubs promises attractive rental benefits and good capital gains.

Enjoy the best of both worlds at Golfland, Vanaha by SPRE. Their well-equipped township offers modern golf course-facing homes cradled by the tranquillity of nature.

Golfland at Vanaha

Explore their 1 BHK Duplex, 2 BHK, 3 BHK + i-Room, and 4 BHK ∞ & townhouse offerings that promise an elevated and well-balanced lifestyle here -https://shapoorjirealestate.com/residential/vanaha-golfland

4. Baner

The western suburb of Baner is known for its dynamic urban lifestyle with its upscale residential complexes, thriving commercial centres, and vibrant nightlife.

Its strategic location along the Mumbai-Bangalore Highway ensures seamless connectivity to the city’s IT hubs, educational institutions, and business districts, making it a preferred choice for professionals and families alike.

The area boasts an array of high-end restaurants, cafes, shopping malls, and recreational facilities, catering to a cosmopolitan crowd.

Due to rapid infrastructure development and high demand for premium housing, Baner not only promises a luxurious living experience but also attractive property appreciation (up by 29.8% in the last three years), making it a top pick for investors.

5. Kharadi

This rapidly developing eastern locality is home to EON IT Park and the World Trade Center housing numerous multinational companies and tech giants, making it a magnet for IT professionals.

Kharadi’s strategic location near the Pune Airport and its excellent connectivity to key areas like Viman Nagar, Koregaon Park, and Hadapsar enhance its appeal.

The area offers a balanced lifestyle with modern residential complexes, top-notch educational institutions, healthcare facilities, and vibrant entertainment options.

With ongoing infrastructure projects like road widening and the proposed metro line, Kharadi promises significant growth and price appreciation (up by 26.7% in the last three years).

Its thriving commercial environment and high demand for residential properties make it an ideal investment opportunity.

Vasai East or Vasai West, which is best?

 

By Gladson777 — Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=48379279

Located 50 km north of Mumbai and part of the Vasai-Virar twin cities, Vasai, often dubbed “Mini Goa”, has emerged as a promising investment opportunity for home buyers and real estate developers.

A suburban town in the Palghar district of Maharashtra and situated in Mumbai’s green zone, Vasai is a pollution-free sanctuary on the outskirts of Mumbai.

In recent years, its peaceful environment, affordable property rates, and rapid infrastructural developments have propelled the town into the real estate limelight.

The Vasai Creek divides the town into two locales, Vasai West and East, which begs the question, which area is better to invest in?

Here is an analysis of both areas that would help you make an informed decision:

Vasai East:

While relatively underdeveloped, Vasai East offers a more laidback lifestyle in the countryside, with natural attractions like the Tungareshwar Wildlife Sanctuary and the Chinchoti Waterfalls within reach.

Vasai East is well connected by road and rail, with easier access to the Mumbai-Nashik Highway (NH-160) and the Eastern Express Highway. It is, however, farther from the Vasai Road railway station than Vasai West.

Vasai East boasts better economic production due to the many heavy industrial units in the area, with higher job opportunities for its residents. The eastern town is more affordable than the West, with the average carpet area rates being around ₹9000 per sq. ft.

Vasai East also has better investment returns than the West, with the area seeing a higher price appreciation in property rates of 24% in the past five years, with a 6.5% increase in the last year.

Vasai West:

The western town has better social infrastructure like roads, drainage, sanitation, reputed educational and healthcare institutions, and recreational facilities like cinemas, restaurants, etc.

It boasts many tourist attractions like the ruins of the Portuguese Fort Bassein, St. Gonsalo Garcia Church, and Vasai Beach, and has a more cosmopolitan lifestyle than the East.

Vasai West is also well connected to Mumbai, with better access to the Mumbai-Ahmedabad Highway (NH-48) and the Western Express Highway. It is also closer to the Vasai Road railway station.

Vasai West has a more peaceful neighbourhood due to the absence of industrial areas and abundant residential projects.

Rapid infrastructural development and increasing demands have contributed to the higher property rates in this part of town.

The average carpet area rate in Vasai West is around ₹9950 per sq. ft, with a price appreciation of 9.3% over the past five years, and an 11.3% increase in the last year.

While the western town has a slower price appreciation rate, it has more greenfield projects in development.

Which is best?

Thus each locale of the Vasai-Virar town has its virtues and limitations, depending on the wishes and priorities of the buyer.

While the East offers a laidback and peaceful environment with better investment returns, the West promises a well-established cosmopolitan lifestyle with future infrastructure that will only add to its value.

What can be said for certain is that Vasai-Virar offers an attractive investment opportunity with promising returns.

Transport infrastructure projects like the Alibaug-Virar Corridor, Virar-Panvel Corridor, and Virar-Dahanu Project will only ease connectivity and increase real estate demands in the region.

So make the most of this opportunity with Joyville Homes! Their 1 and 2-BHK flats in Virar West at Joyville Virar offer breathtaking views of lush greenery, bringing the joys of resort living to your daily life.

Spread over 7 acres, this sprawling property boasts 7 towers with over 25 unique amenities, with their Goan-themed architecture and interiors celebrating the very essence of Vasai.

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Why Hadapsar is the Best Place to Invest in a Residential Property?

 

Hadapsar: Pune’s residential hotspot

When looking for the ideal location to invest in a residential property, few places can rival the rapidly developing suburb of Hadapsar in Eastern Pune.

With its proximity to IT Parks, booming infrastructure, and attractive investment returns, Hadapsar has become one of the most popular investment opportunities for home buyers and developers.

Here are some reasons why you should consider investing in Hadapsar:

Strategic location:

Hadaspar is located strategically along the Mumbai-Hyderabad National Highway, with three major IT hubs within a 5 km radius.

The Magarpatta Special Economic Zone (SEZ), EON IT Park and World Trade Centre in Kharadi, and SP Infocity in Phursungi house some of the largest global companies and employ a massive migrant population.

The area thus promises a steady influx of rental income and numerous job opportunities for its residents.

Connectivity:

Hadapsar boasts excellent inter-city connectivity with well-connected roads and is also placed along the National Highway (NH) 65, giving easy access to inter-state travel.

Major transport hubs like the Pune International Airport, Pune Junction railway station, and Hadapsar railway station all fall within a 10 km radius of the locality.

The dedicated metro station proposed on Line 5 in the Pune Metro Phase 2 extension will further ease inter-city commutes.

Infrastructure:

Hadaspur has a robust infrastructure of well-connected roads, and an attractive array of commercial, educational, and healthcare institutions catering to the needs of its residents.

It houses many popular public amenities and recreational facilities like Amanora Mall and Seasons Mall, amongst other restaurants, cinemas, markets and nightclubs.

The Pune Municipal Corporation (PMC) also has additional projects in the pipeline, such as the upcoming Metro Line 5 extension, a satellite terminal at the proposed Hadaspar station, and arterial road congestion relief projects in collaboration with private builders.

Attractive investment opportunities:

Hadaspar offers a range of real estate offerings, from affordable homes starting at 45 lakh to premium high-end abodes for up to 7 Cr.

The area has also seen some of the most promising investment returns in real estate, with prices appreciating by 25% in the last three years.

Though steadily rising, real estate prices at Hadaspur are relatively cheaper than the nearby Magarpatta or Koregaon Park regions, making it the ideal investment opportunity.

So look no further and make the most of this real estate hotspot with Joyville Homes!

Visit — https://www.joyvillehomes.com/joyville-hadapsar-annexe/

They offer a range of elegant living experiences, from their affordable 2 and 3-BHK homes at Joyville Hadaspar Annexe to premium luxury towers offering 3-BHK Duplexes with family rooms at Joyville Sky-Luxe Edition.

Explore a world of decadent residences, holistic living, and world-class amenities designed for your every comfort and need. Click here to learn more about their 2 and 3 BHK homes in Hadaspar Annexe.

To learn more about their 3 BHK Duplexes with family rooms at Sky-Luxe Edition, click here — https://www.joyvillehomes.com/joyville-skyluxe-hadapsar/

Originally Published at -  https://industryupdates.medium.com/why-hadapsar-is-the-best-place-to-invest-in-a-residential-property-dd4e673d148b