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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.