By Soniya Gaonkar on Jul 11, 2022 2:55:16 PM
The city of Pune is expanding quickly and is continuously pushing the limits of real estate development. Suburbs regarded as "upcoming" less than two years ago are now well-known destinations, and rising property prices are making it difficult for those looking for affordable housing.
However, Kharadi in East Pune is still one of the regions that offer affordability with good connectivity.
In the past, Pune's eastern corridor between the Magarpatta and the Hadapsar offered a number of new areas that quickly became hubs of real estate development activity.
Earlier, New Kharadi were viewed as little more than isolated industrial areas. But now, the rapid economic development along the Mundhwa Chowk has given these places a completely new look today.
Affordable property buyers have now focused their attention and hopes on the adjacent New Kharadi after the quick saturation and price escalation experienced at Viman Nagar and Hadapsar.
So, if you are searching for best residential projects in new Kharadi for your dream home or ideal investment, here are five advantages of connectivity and Kharadi location.
5 Location Connectivity Benefits for People Living in New Kharadi
1. A Feasible Infrastructure
Pune Railway Junction: Pune railway station is equipped with many amenities like ATMs, waiting for halls, retiring rooms, cloakrooms, dormitories, health kiosks, eateries, water vending machines, pay-and-use toilets, and many other services.
Pune railway station is merely a 20 minutes journey from Kharadi, thus ensuring flexible travel plans for migrating employees.
Pune Airport: Serving for both domestic and international travels, the Pune airport is merely 7.3 km from Kharadi when accessed through Nagar Rd/Pune – Ahmednagar Highway/Samrat Ashok Rd. This accessibility also resulted in a huge boon for the property value of flats in Kharadi.
2. The Commercial and Social Infrastructure
Schools: Several quality schools are established in the neighbourhood such as EuroSchool Kharadi, EON Gyanankur English School, The Orbis School, Vidya Pratishthan’s Magarpatta City Public School, Stella Maris School, Mother Theresa School, Nirmala Convent School, Podar International, The Orchids International School and others.
Higher education institutes: Some prominent institutes located in the vast suburb of Kharadi are: BJS College, D.Y Patil College, Management Institute Of Leadership & Excellence, Christ College, Kothari International, and Shankar Rao Ursal College of Pharmacy.
Hospitals: Healthcare and emergency facilities are abundantly spread across the periphery of New Kharadi, providing the best medical aid. Here are some names: Shree Hospital, Columbia Asia Hospital, Rising Medicare Hospital, Medipoint Hospital, and Balaji Hospital.
3. The Extensive IT Park and Commercial Hub
It can be easily said that one of the forces behind fair trade and Pune's free-market economy is the EON business park in Kharadi. It is surrounded by some of the best MNCs and conglomerates and boasts an international aura.
It is an essential node of Pune's first Special Economic Zone (SEZ), which is situated in Kharadi. In Pune's Eastern Corridor, the campus covers about 57 acres. Phase I and Phase II are the two spatial sections that make up the complete hub.
Phase I: Some of the companies in Phase 1 are: Credit Suisse Barclays Global Service Centre, Symantec Software Solutions Private Limited, Veritas Technologies, Eaton, Trizetto, Citi Service Center, Cognizant, Vodafone, Affinity Express, and SG Analytics.
Phase II: Some of the companies in Phase 2 are: WIPRO, Reliance, Polaris, TATA, Zensar, etc.
4. Low Property Prices Due to The Strategic Neighbourhood
One of the main benefits of investing in Kharadi is the quick increase in real estate values, which has pleased many who have previously done so.
Both investors and homebuyers have benefited from Kharadi's capital gain and property price appreciation during the past ten years. From 2700/sq.ft in 2008 to 4500/sq.ft in 2014, the price of residential property in this area has increased consistently, and it is now close to 6000/sq.ft to 8500/sq.ft.
Based on existing trends, it is easy to project that rates will increase significantly over the next few years.
You now have more than enough justifications for settling in Kharadi. This area distinguishes out as a collage of favourable and comfortable living characteristics.
New Kharadi has a project from the Kohinoor Group, meticulously constructed to give you the best living experience - Kaleido. A brand new construction in Kharadi annex, Kaleido offers exquisite two and three bedroom homes with all the latest conveniences you could ever want.