Five Prominent Up and Coming Localities In Pune To Invest In Right Away

Pune, now one of the most popular cities in the whole of India, is currently also the second-largest city in the state of Maharashtra. Pune has acquired in recent years the reputation of being one of the most sought-after places to settle after retirement. A number of factors contribute to the charm of Pune. Unlike most places in Maharashtra, Pune experienced pleasant climatic conditions pretty much all year round. Although the population density is increasing every year, it is far more peaceful than most other cities in India. Its close proximity to Mumbai (the economic hub of India) has made it a convenient location for both commerce and living. In a recent study, Pune was judged as one of the cleanest metropolitan cities in India. For those who are looking to make serious real investments in the city of Pune, but don’t quite know about which locality to invest in, this article sheds light on the areas with the most potential for real estate growth. 

• Bavdhan

Bavdhan is well-known for being one of the most preferred residential neighborhoods for people relocating to Pune. The area is located on the NDA Highway, making it easily accessible from Mumbai as well. The Hinjewadi Computer Park, which is just a 20-minute drive away from Bavdhan hosts the branches of some of the biggest IT companies from across the globe. Although a large number of projects are in progress, this locality is still pretty much on the rise and is set to be a prime real estate destination in the near future, making it ideal for those looking to purchase real estate in Pune.

• Undri

Over the past couple of years, Undri has gradually become the center of a number of high-end projects. One of the advantages of this locality is its fantastic connectivity, both by urban roads as well as interstate highways. It is expected that very soon, this locality will be included within the municipal boundaries of the city of Pune. Popular educational institutions such as Euro School, Caelum High School, Kidzee, and Pencil are situated in and around Undri. This area also hosts a number of prolific shopping malls and popular convenience stores, including Geeta Complex, RSS, Downtown Undri, and Bhavana Supermarket.

• Baner

Baner is a prime locality in Pune that has witnessed the majority of the real estate growth in the city. Baner serves as both a residential and commercial center of Pune. It is home to a large number of IT firms. Once on the outskirts of Pune, Baner has slowly become a part of the city limits as the city has continued to expand dramatically around it. The locality has a rich culture and stretches of temples. One of the most famous temples of Pune, the Bhairavnath temple which hosts a large Navratri celebration annually is located in the area. Baner is also home to some of the most well-known restaurants, pubs, and cafes in the entire city. A few popular dining establishments include The K Factory, Minus 18 Degrees, The Flying Duck, among others. 

• Viman Nagar

Viman Nagar is situated close to the Pune Airport. It is on the Mumbai-Ahmedabad highway and is only about eight kilometers away from Pune’s central railway station. Popular hotel chains such as the Hyatt, Ibis, Novotel, Four Points by Sheraton and others have set up shop in Viman Nagar making it a popular destination for tourists looking to scour the city’s historic and architectural landmarks. Also located in the city are Phoenix Market City, Udaan Biodiversity Park, Aga Khan Palace, and Fly India Paramotor Club.

• Kharadi

Kharadi is situated on the banks of the Mula-Mutha River, in the eastern part of the city of Pune. The easiest mode of public transport is by government buses that are easily available in the area. IT parks such as EON, Zensar, WTC and a few upcoming ones can be found in Kharadi. Close to twenty educational institutes, including popular ones such as Euro School, Kidzee, Silver Bell Tree School, and Cambridge and are located in and around this area. Kharadi is also home to about 20 shopping centers and grocery stores including Parmar Square, Fortune Plaza, Brand Station, and Reliance Digital.