Kharadi – A Bright Spot In Pune’s East

World Trade Center at Kharadi, Pune

Kharadi, to Pune’s East, has emerged as a desirable residential and office hub. It is now a booming IT hub. There are a number of IT parks, SEZs and corporate parks which employ thousands of people. Over the last 10 years, Kharadi has emerged as a major residential and commercial real estate market in Pune. Back then the only noteworthy employer at Kharadi used to be Zensar Ltd. Now, besides EON IT Park and World Trade Center, there are many more office and commercial spaces coming up. People prefer to live as close to work as possible and reduce the time spent travelling to and from office. As a result, many top developers in Pune have developed high quality residential properties in Kharadi which are in close proximity to offices. A decade ago Nyati was the major player here. Today there are names such as Gera, Kolte Patil, Goel Ganga, Vascon and more.

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Approaching EON IT Park at Kharadi

Over the years Kharadi benefitted from proximity to Central Pune especially city’s prime areas such as Koregaon Park and Kalyani Nagar, development of quality office space and its occupation by high profile clients and infrastructure improvements. Citi, Barclays, Honeywell, Mphasis and Metro operate out of Kharadi today. The list of occupants increased with the addition of World Trade Center by Panchshil Realty, located close to EON complex. Gera Commerzone is the latest commercial space and is largely leased by Barclays to house its Global Service Centre which will accommodate around 8800 employees. ITPP Kharadi – Tower 2 will be the newest Grade A commercial property in Kharadi. Developed by Ascendas-Singbridge, it is a 2.4 million sq. ft. project.

Kharadi also benefitted from developments at the Magarpatta IT park. Magarpatta isn’t very far from Kharadi and is an alternate destination for people working at Magarpatta city. Many of the internal roads in Kharadi have been newly improved and make moving around a breeze. The locality is very well developed with top quality schools, hospitals and shopping complexes. Enthral, a much-anticipated integrated business space by Nyati with offices, retail, seven screen multiplex and fine dining  is coming up just off the Magarpatta Road, close to Columbia Asia Hospital.

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Zensar IT Park at Kharadi

Kharadi : Location Benefits

Kharadi is about 10 kilometer from Pune Railway station, 10 kilometer from Pune airport (Lohegaon) and about 7 kilometer from Koregaon Park, the most prime destination of Pune. When compared to Hinjawadi, Kharadi’s cousin in the West of Pune, Kharadi definitely is more city centric and connected to all important social infrastructure that the city boasts of. Even Pune airport is far closer to Kharadi than to Hinjewadi. The several reasons above might continue to keep Kharadi’s real estate market buoyant. Today prices in Kharadi are upwards of Rs. 5,600-5,800 per sq ft of salable area.

Here are a few projects that are worth investing in Kharadi:

The Tuscan Estate

The Tuscan Estate is a project every Mumbaikar will want to own! It is an exclusive development by Kolte Patil for those working at Kharadi or elsewhere in Pune. With just 3 flats to a floor, a phase delivered, grand landscaping and plethora of amenities, Tuscan Estate has ability to pleasantly surprise people from Mumbai who live in space constrained homes in the maximum city. Why we mention Mumbai is because over the years many people from Mumbai have invested in Pune realty market for it is not far and feels significantly cheaper than the financial capital of India. The project only has 3BHK and 4BHK apartments in its design. The sports facilities include – tennis, squash, badminton and basketball.  Sales staff here is very courteous. Tuscan Estate being a premium project  commands high prices of about Rs. 6,800 per sq ft on salable area. All the fittings in the house are of top notch quality. A unit would cost Rs. 1.6 crore and more here. The Tuscan Estate is located off the main road to Kharadi when one has turned inside from Ahmednagar Road. The project is behind the Radisson hotel at Kharadi thus keeping it away from the office related noise and traffic.

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Tuscan Estate ready property at Kharadi

Downtown

Kolte Patil’s Downtown is a mixed use development of offices, retail, recreation, education and residences. Victorious Kids, an IB school is already operation in this 45 acre development. The residential development includes sub projects – Langston, Senona, Cheryl and Beryl. These towers and other developments are distributed around the Fountain Road though are part of the same project. This ways it allows the whole development to give a feel of space. The company is primarily offering 2BHK and 3BHK units only. Units start from sizes of about 1,100 sq ft thus one can own an apartment here for Rs. 70 lacs and above. This is a good ticket size considering the large demand from employees of leading IT/ ITES players in Kharadi region itself. Moreover, Kolte Patil has planned a CBSE school in the township. This will further help strengthen the social infrastructure not only in the project but also in Kharadi as a whole.

Artistic impression of Ganga Altus
Artistic impression of Ganga Altus

Ganga Altus

Ganga Altus is a premium 2 and 3 BHK residential project by Goel Ganga Group. Apartment configurations are available from 616-801 sq. ft. starting from Rs. 67 lakhs. The project boasts luxurious amenities such as party lawn, clubhouse with indoor games, an outdoor game zone, gym, yoga area and multipurpose hall. Ganga Altus is located close to Columbia Asia Hospital and the Zensar Technology Park.

https://propstory.com/property/ganga-altus-kharadi-pune/

Ganga Platino
Ganga Platino

Ganga Platino

Another project by Goel Ganga Developments (A Subhash Goel project), Platino offers luxurious 2, 3, 3.5 BHK bedrooms & penthouse residences starting from Rs. 1.04 Cr*. The project comprises 7 elegantly designed buildings which overlook panoramic foliage. It is located very close to EON IT Park and provides a perfect work life balance. A number of luxury wellness amenities are provided at Platino. These include yoga pavilion, flower garden, water curtain and reflecting pools, artistic clubhouse with steam room, tea deck and gymnasium among others.

Nyati Elysia-IV
Nyati Elysia-IV

Nyati Elysia

Boasting new age architecture, Nyati Elysia is a stunning residential community. In Phase IV of the project 2 BHK apartments start at Rs. 78.5 lakhs while the 3 BHK residences are priced from Rs. 1.24 crores. Located close to the Mula Mutha river, Elysia offers panoramic views of the river. All modern lifestyle amenities such as clubhouse, swimming pool, gym, landscaped gardens and kids play area are provided. Facilities for STP, wet garbage disposal, rain water harvesting and piped gas are also provided.

https://propstory.com/property/nyati-elysia-kharadi-pune/

Gera World of Joy
Gera World of Joy

Gera World of Joy

World of Joy by Gera Developments is a child-centric residential project. The sprawling 20 acre development offers a variety of residences. Once can choose from Studio, 2 BHK Duplex and 3  BHK Prime, Grand and Duplex. The price of these range from Rs. 34 lakhs, 85 lakhs, 98 lakhs, 1.21 crore and 1.32 crore. There are a range of luxury amenities including poolside cabanas, amphitheatre, cycling track, skating rink, yoga and meditation area and much more. Specially designed for children, the ChildCentric amenities focus on engaging them in various activities and honing budding talents. These include Dale Carnegie Training Centre, Badminton Gurukul by P. Gopichand, Mahesh Bhupathi Tennis Academies, Bhaichung Bhutia Football Academy, Michael Phelps Swimming Academy and many more.

Zen Estate
Zen Estate

Zen Estate

A collaboration between Kohinoor Group and Mahalaxmi Group, Zen Estate is a premium residential project located in a prime location in Kharadi. It is coming up on a 7 acre land parcel and offers 2 and 3 BHK apartments starting at Rs. 66.99 lakhs. They are delightfully designed with tiled floor and rock counter chunk in the kitchen and large windows which provide wonderful natural light and ventilation. Yoga studio, tennis court, spa and wellness centre, swimming pool, party hall, landscaped walkway and jogging track are some of the many amenities at Zen Estate.

Forest Edge
Forest Edge

Forest Edge

After the success of Phase 1, Vascon has launched Phase 2 of Forest Edge. The project offers first of its kind 2 BHK Health Tech Homes starting at Rs. 80 lakhs. Combining ‘Health’ features & advanced ‘Tech’ amenities the project provides a wonderful balance between wellness, indulgences, technology, socializing, etc. Some of these amenities are acupressure walkway, oxygented yoga room, aroma garden, spice and herbal garden, ozonated swimming pool and more. Forest Edge enjoys an excellent location which puts it in close proximity to various corporate hubs – World Trade Centre (5 mins), Global Business Hub (5 mins), EON IT Park (6 mins) and Magarpatta City (18 mins). It thus offers a perfect work life balance with a walk to work culture.

Prasun Sarvam
Prasun Sarvam

Prasun Sarvam

Sarvam is a residential project by Prasun Homes that aims to create the perfect harmony between the five elements of life – earth, fire, water, air and sky. This is achieved through the design, planning, architecture and aesthetics of Sarvam. The project offers 2 BHK apartments starting at Rs. 69 lakhs. It comprises 6 towers of 13 floors each and a total of 240 units. Prasun Sarvam features a climbing wall, cricket pitch, community hall, solar lighting system, and a walking track on the podium among others. 

A Merc free with the apartment, time to get both?

Hi,

Things just don’t seem to get any better for the sector. I happened to drive along Gurgaon’s largely vacant growth corridors on a weekend. If number of “Stalls” of intermediaries is anything to go by, seems the activity is back, though there weren’t many people under those “tents” which are a peculiarity of NCR. Price discovery, discounts, foreign trips, GST waivers & yes a Mercedes with apartments purchases are just a few ways to get people to notice the property. We are still collating the right data but we believe the project visits and enquiries have dropped post RERA & GST. Not that it doesn’t impact other cities, they seem to be faring relatively better. Several months post RERA implementation, still only handful of portals work, RERA numbers are awaited and consumer seems to be pushing for resolution of his dispute. In UP and Haryana even the governments of the day seem to be engaging along with consumers in their continuous struggle to get their homes.
In the midst of it all propstory.com wears a new skin now as we are overhauling the surfing experience. With every change there are a bunch of issues that take time to stabilise so is the case with us. However, we hope you will derive the best readership experience in real estate with us.

It is raining discounts & offers in realty market

Supertech scarlet suites ,sector 68

Hi,

We hardly hear of launches in the residential market these days and this trend itself may pave for recovery in the markets, when would that happen is anyone’s guess. Among the many views, news and reviews we keep hearing about resumption of an uptrend in the real estate market we are also caught up in the melee of offers, discounts & property fests. The impact of these isn’t captured by any property analyst as they comment on the sticker price only.
Propstory partnered leading players in the Bangalore market recently and delivered excellent results in a time bound manner. That said we also believe these tactical events are necessary when the customer has been on sidelines for a very long time and it would take him more than convincing to make a home purchase.
We have increased our coverage of properties significantly and here are some notes for your perusal –

3. Pune – Senior living at Gagan NuLifePisoli area note

And one of our analysts penned down “Why it makes sense to sell an old house today” from her recent experiences.

Mumbai’s tryst with rains…continues

Mahindra Aura

Hi,

Yesterday was yet another unfortunate day in Mumbai’s history for owning up to a poor infrastructure network and limited connectivity to quickly transport the millions of those who have made this city their home. These days it is difficult to find a clear winner among our country’s metropolitan areas as to which is the one that offers great living quality. During my recent visits to Hyderabad, which I personally considered to offer a great quality of living, traffic jams, overflowing sewage drains and garbage dumps on empty plots did make me rethink my stance. I guess on relative basis both Hyderabad and Pune score over others, but then there are economic challenges that these cities suffer from in comparison to others.
RERA introduction is a month old event now, yet the customer isn’t back in the market as far as our interactions with developers suggest. There is definitely a positive outlook but then not everyone has “Ready to move in” properties to offer which seem to be the buzz word today. We have tried our best to expand our coverage in recent days and also set up a Youtube channel to carry video/ infotainment content on real estate – https://www.youtube.com/channel/UCSmJZAwz95J5SxUEldv5yQQ
Some notes for your reference (before we completely overhaul our current site to improve its experience) –
2. Virar (Mumbai) and upcoming Shapoorji development – https://propstory.com/virar-the-promising-yet-underappreciated-mumbai-suburb/

International Land Developers – Emerging Realty Firm At NCR

Ready towers at ILD Greens, Sector 37C, Gurgaon

International Land Developers, more commonly known as ILD, is an upcoming real estate development firm based in Gurgaon in the National Capital Region. The young firm has already developed and delivered Industrial, Office, Retail and Residential addresses at very strategic locations within Gurgaon since the early 1990’s.

In our interaction with the Mr. Alimuddin Rafi Ahmed, Chairman-ILD we tried to get the essence of choosing the right location for planning urban development and the factors that he would consider before conceiving a project. Mr. Ahmed explained the importance of upcoming infrastructure, social amenities in line with the growing population needs and broad economic growth agenda.

Q-How did you decide on starting a real estate development company?

A-We started our real estate business by developing an Industrial Park within Gurgaon District in early 1990’s at a time when NH-8 used to be a single lane road to Jaipur. The development of the Highway and ease of approvals promoted many Indian manufacturers to set up base in Gurgaon. Gradually, as the development plans for Gurgaon were announced, we moved our focus to developing a Commercial Development and eventually acquired residentiallands in Sector 37 C, near Hero Honda Chowk and Sohna, South Gurgaon.

Q-How did you chose on the location for the Industrial park or the Commercial Project?

A- We have been quite particular about the access to our projects and we would look at the distance to the closest Highway. Most of our developments are and would be quite accessible by roads or other modes of transport including metro lines.

The Industrial Project is located near a village called Binola with direct access on NH-8 and is about 2 KM’s from IMT Manesar (a massive Industrial development by HSIDC). The plan of widening the highway was quite ambitious and the pace at which foreign companies were setting up base in Gurgaon encouraged me to undertake the development.

For ILD Trade Centre, I was quite convinced with the Sohna Road as a future commercial hub because of the direct access from NH-8. The only other micro-market with straight access to NH-8 was MG Road, which became quite successful and saw rapid real estate development. At present Sohna Road is the largest micro-market within Gurgaon in terms of Commercial Space.

ILD Trade Centre commercial project at Sohna Road, Gurgaon
ILD Trade Centre at Sohna Road, Gurgaon
ILD Trade Centre Entrance Plaza
ILD Trade Centre Entrance Plaza

Q- What was the rationale behind choosing Sector 37C for residential development?

A-Sector 37C was the first sector in New Gurgaon under the Masterplan 2021 that was published around 2008-09. The proximity to existing residential sectors was the key reason to choose this location for our project. It is conveniently located between NH-8 and the upcoming Dwarka Expressway making it quite accessible from rest of Gurgaon and Delhi

We currently have over 3 million Sq Ft of Residential Development with a mix of High-rise Apartments, Plotted Development, Independent Floors and Neighborhood Commercial Complex in this micro-market.

The developments on Hero Honda Chowk like the 8-lane flyover and the signal free underpass would open up much faster connectivity to rest of Gurgaon.

ILD-Greens-at-Sector-37C, Completed Tower
ILD-Greens-at-Sector-37C, Completed Tower
ILD Greens & Grand Under construction
ILD Greens & Grand Under construction
Completed Structures of Residential Towers At Sector 37C
Completed Structures of Residential Towers At Sector 37C

Q- What is the development potential of Sohna, South Gurgaon as a residential market?

A-  Sohna as a Master-plan was the latest extension to Gurgaon which was announced in 2014. With our experience of developing ILD Trade Centre on Sohna Road, we had witnessed the potential this micro-market offered. We were quite convinced on the location because of its proximity to the developed sectors of Gurgaon on Sohna Road, Golf Course Extension Road and Southern Peripheral Road.

The area has numerous educational institutions such as GD Goenka World School, KR Mangalam University, DPS, Apeejay Univeristy, J K Business School and many more, which provides an unmatched existing social infrastructure for residential development in the entire National Capital Region.

We are developing 3 million square feet of High Rise apartments in Sohna spread across 37 Acres within the first residential sectors of Sohna.

Q – How do you see the Gurgaon residential market over the next few years?

  1. We are fairly bullish on prospects of Gurgaon as a residential market. It is a city that is growing rapidly and has a global and corporate footprint. Easy connectivity to international airport, metro connectivity with Delhi and highway connectivity to major cities of North India, make it an attractive market for residential investments. Further the establishment of several Fortune 500 firms including Google, MicroSoft, CitiBank among others has brought with it a rich cosmopolitan culture to the city, similar to Mumbai or Bangalore. There are major infrastructure projects currently underway at Gurgaon and these will make the city even more desirable. Areas with current and upcoming connectivity will see good investment prospects.

Are we successfully through July 31st?

Hi,

So we are through July 31st, set out as the deadline of sorts by the Center for respective states to adopt RERA and developers to conform to guidelines under registration. Here we are in August 2017 states such as Telangana don’t even have their versions of the Act and few others notified the Act only in the last few days. This left the developers with little time to register their projects online, talking of which many states didn’t even have a portal for project registrations. We spoke to few developers on the eve of July 31st and captured their plight – https://propstory.com/karnataka-rera-deadline-of-july-31-to-register-projects-too-harsh-on-developers/
We also went covering projects at a quick pace to publish information on them before the said date. Some of the featured projects include –