Know where you should invest in Pune for a luxury apartment close to all social amenities.
The luxury housing property segment is gaining much traction in Pune, evident from the enquiries pouring in about the properties and their subsequent sales. City developers are quite upbeat about the response received for premium apartments in Pune and have launched numerous projects with the notion that luxury does not experience slowdowns. In terms of conveniences and amenities offered, luxury properties are a completely new dimension.
The top three areas in Pune that are experiencing a slew of constructions of luxury projects are:
Undoubtedly, Koregaon Park is considered among the upscale and expensive residential localities of the city. Prior to the establishment of the Osho commune as well, the area was the first choice for construction of bungalows. The Osho Commune has certainly transformed the way Koregaon Park looked. Its identity is very different from any other part of the city. The area is one of the first choices for those looking for luxury apartments in Pune. It is also the first choice for any commercial or retail establishment. Its closeness to Kalyani Nagar which is an IT dominated area has contributed much to keep the area in demand among home buyers.
The area has emerged as a premium luxury residential realty destination in east Pune. It is strategically located between Viman Nagar and Koregaon Park and is near the Pune Railway Station and Airport. Both Hadapsar and Kharadi are well connected to the area which is why it is an ideal locality for commercial and business establishments to flourish. The Mumbai Pune Expressway has been an important contributing factor. It has several plush hotels and a golf course. Numerous reputed social establishments are based here. Among the three localities mentioned, Kalyani Nagar has had the rapidest growth trajectory.
Baner emerged as the location for luxury apartments in Pune when the prices of properties in central Pune started escalating. Investors and potential buyers who have been on the lookout for affordable options which were well connected to different parts of the city have found the ideal ones in Baner. The construction of the Rajiv Gandhi IT Park in Hinjewadi benefited Baner immensely as it was able to cater to the demand from buyers who were looking for properties close to the IT Park and those who wanted to stay close to central Pune.
Initially, the neighbourhood was meant for the middle income buyers. However, the profiling of the area began to change and it became a zone for premium apartments in Pune. Several major developers have begun catering to the demand for premium properties here through projects with plush designs and amenities.