By Soniya Gaonkar on May 20, 2020 3:29:54 PM
Pune has pulled in many people to create their dream home in this beautiful city. Pune is known as 'Social Capital of Maharashtra'.
According to The Economic Times' Ten Smart Cities to Invest In with a special mention for Kharadi as one of the Prime neighbourhoods to scout in Pune. Once a village, Kharadi now echoes with the sounds of infrastructural development, catching the attention of many professionals flocking to the town.
Let's take a closer look at 7 strong reasons as to why you can think of investing in Kharadi's real estate -
The complete Kharadi area is at a stone's throw distance from the Mula-Mutha River's scenic beauty. Despite being such a busy residential and commercial area, Kharadi has a very natural surrounding with lush greenery and cosmopolitan crowd.
Kharadi is well connected and centrally located in Pune city. A bypass road connecting Pune-Ahmednagar state highway to Pune-Solapur National highway passes through Kharadi.
There is a well-planned road infrastructure and has ease of access to prime areas like Koregaon Park, Viman Nagar, Wagholi, Magarpatta, Kalyani Nagar, Hadapsar, Cyber City, Chandan Nagar and Mundhwa.
Kharadi is also well connected with the Railway station and Airport. There is also an availability of a robust public transportation system with the new Pune Metro connectivity, this has made Kharadi, as an ideal destination for investors and has become the preferred choice for home buyers.
Business and IT Centres
Kharadi has been rated as one of the best upcoming micro-markets in Pune. The development of new IT and commercial spaces have sanctioned Kharadi as a Special Economic Zone (SEZ), EON Free Zone and EON Knowledge Park.
Kharadi has been a hub of most renowned IT hubs like Zensar Technologies, EON IT Park, Kharadi IT Park, World Trade Centre Magarpatta, Cerebrum IT Park and Cybercity. Moreover, corporates like Barclays Technology Center, Credit Suisse Services, Citicorp Services, Sungard, Mphasis, Zensar Technologies, Tata Communications, Reliance, Wipro and Polaris have also their presence established in Kharadi.
Well developed Social Infrastructure
Kharadi has been on the civic body's development radar for the last few years as Kharadi falls under Pune Municipal Corporation. It is a great location to plan residential investment as the area boasts of swanky new roads and civic infrastructure.
Social infrastructure has also developed on a large scale since the presence of abundant IT Parks and has led to immense infrastructural development in the region.
Related Post - Who Can Buy a Home in Pune?
Kharadi has prominent schools and educational institutes such as:
1. Shankarrao College of Pharmacy
2. Kendriya Vidyalaya
3. Dhole Patil College of Engineering
4. Sunrise English medium school
6. Victorious Kids Educares
Kharadi has established retail outlets, stores and malls such as:1. Reliance Mart and More Stores
2. Amanora Town Park
3. Seasons Mall
4. Magarpatta City
5. In-orbit Mall
6. Phoenix Market City Mall
Kharadi is blessed with health care facilities such as:
1. Columbia Asia Hospital
2. Kohakade Hospital
3. Golden Hospital
4. Aditya Hospital
5. Sneha Specialty Hospital
Kharadi also has the best in class hotels nearby:1. The Westin
2. Taj Blue Diamond
3. Le Meridien
4. Grand Hyatt
6. JW Marriot
There is an availability of a variety of residential options, including affordable as well as luxury apartments. Some luxury projects in Kharadi are offering the most exceptional amenities for your comfort and recreational activities.
One of the prime reasons to invest in Kharadi is the fast appreciation of real estate prices, much to the delight of those who have already invested here. A windfall for investors and homebuyers alike Kharadi has witnessed a capital appreciation of 140% during the last decade.
From 2700/sq.ft in 2008, it rose to 4500/sq.ft in 2014, and currently, the prices of residential property in this locality are touching Rs 6500/sq.ft. By looking at the trends, it's easy to say that rates will increase significantly in the coming years.
Kharadi Real Estate Future
In a price-sensitive and end-user focused market like Pune, price appreciation is dependent on the presence of IT Parks, offices and manufacturing units in the vicinity. It will continue to offer lucrative property appreciation in the years ahead, and property rates in the area are expected to grow by up to 12%* yearly. (*approx)
In the End
Reputed builders have brought in their interest in Kharadi by constructing various real estate projects; there are a lot of under-construction projects which are creating a great benefit to many looking for great investment deals in real estate in the future.
Kharadi gives you a great chance to reconnect with yourself in nature's lap by inhaling peace.
Still need more reasons to invest in Kharadi? Surrender yourself to nature's vastness by purchasing your dream home in Kharadi. This Business and IT Hub has transformed the concept of 'Walk to Work' and 'Neighbourhood Planning', don't miss out on this vast opportunity.