By Soniya Gaonkar on May 10, 2022 10:55:00 AM
With a rapidly increasing population of young professionals in the service retail, hospitality, IT and manufacturing sectors, Kharadi has become a little overcrowded. But that hasn’t stopped the investors from investing in this neighbourhood.
However, with rising prices, small investors and home buyers started to shift to other locations for more value for money real estate options. This is when Wagholi came into the limelight.
Wagholi is one of Pune's most quickly rising suburban districts, located near the city's industrial zones and IT parks. The region is well-equipped with civic amenities and is well-connected to other sections of Pune.
Interested to know more about New Kharadi? Let’s dive in.
How Is the Connectivity in and Near New Kharadi?
New Kharadi covers a prestigious residential neighbourhood in Pune's northern suburbs, adjacent to the city's international airport. Historically, the territory was ruled by the Bhoite Maratha clan. The Bhoite were Shivaji's chiefs and were involved in the anti-British war. Many well-known Pune neighbourhoods are close by, including Kalyani Nagar, Yerwada, Vishrantwadi, Viman Nagar, and Dhanori-Lohegaon.
Pune has seen a rapid influx of working population from outside due to the arrival of many IT and other global organisations. As a result, there has been an increase in demand for residential homes in the vicinity of New Kharadi. Despite the fact that the cost of flats around New Kharadi are rapidly rising, inexpensive accommodation for mid-and junior-level executives can easily be found here.
Major City Hubs in The Vicinity of New Kharadi:
- Pune Railway Station is in close distance with New Kharadi, 15 Kms from New Kharadi.
- The airport in Pune is around 20 minutes away from New Kharadi.
- Phursungi IT Park, Magarpatta City, and Amanora Park Town are situated near to New Kharadi roughly about 11Kms.
- The distance between the Weikfield ITciti Info Park and The Giga Space is roughly 8-9 kilometres.
- The World Trade Centre, Cerebrum IT Park, and EON IT Park are all about 5-6 kilometres apart from the neighbourhood.
Social Amenities in The Vicinity of New Kharadi?
Residents residing in New Kharadi have access to excellent social and commercial infrastructure.
Some of the renowned educational institutes, like, Symbiosis International School, Victorious International School, and Jyotirmay International School.
Similarly, Columbia Asia Hospital, Shree Hospital, and Sanjeevani Nursing Home are top hospitals near New Kharadi. Malls in the proximity to New Kharadi such as The Phoenix Market City, Inorbit Mall Pune, and Lunkad Skymax Mall cater to the locals' shopping needs.
What are The Residential Real Estate Price Trends Near New Kharadi?
- Price appreciation: 20% in the last year (Approx)
- Current property rates : Rs 3,500 – Rs 5,500 per sq ft. (Approx)
So, Should You Invest in New Kharadi?
Given the current pricing trends in New Kharadi or in the proximity to New Kharadi, with its increased demand, the area could be a fantastic place to invest. With a lot of projects under construction, property rates are increasing rapidly.
In addition, the neighbourhood comes with one of Pune's IT hubs and industrial zones. The area near New Kharadi is rapidly developing, and the government intends to continue to develop it. New Kharadi is a great spot to invest because of all of these qualities.
If you are looking for new housing projects in the close proximity to New Kharadi Pune or any new upcoming projects in New Kharadi Pune, visit www.kohinoorpune.com.
For over 30 years, the Kohinoor Group has proudly stood as a leader in Pune's real estate development business. The group began operations in 1983 with a cement trading business under the capable leadership of its Chairman and Managing Director, Mr Krishnakumar Goyal.
Today, the company has developed and delivered over 6.5 million square feet of space in Pune, with another 3 million square feet under construction.