Real Estate in Talegaon, Pune

As one drives down towards Mumbai from Pune on NH4 (not the expressway), the town of Talegaon-Dabhade is one of the first places one will pass. This town is largely known for its lakes, greenery and the hills around it. In recent times, it has also emerged as a hub for affordable housing in the region, catering to industrial workers and IT employees alike.

Rio Vista project in Talegaon (Image Credit: Parmar Construction Company)

Talegaon near Pune – An upcoming urban housing destination

Last updated on September 6, 2017 by Manish Kumar

Among the upcoming satellite towns near Pune, Talegaon is one that particularly stands out as a real estate destination. This town has far outgrown its humble beginnings and is today, attracting a number of developers to come up with top quality projects and home buyers aplenty in equal measure. This emergence of Talegaon as a promising real estate hub is not by accident, but is due to a coming together of a number of factors such as great connectivity, a pleasant climate and plenty of industrial growth nearby. We look at each of these factors which make this town so attractive to various categories of home buyers in the area. Talegaon: Top-notch Connectivity In today’s age, one can say that good connectivity is the harbinger of progress and Talegaon is doubly blessed in this regard, being well-connected by road and rail. Talegaon lies on the major national highway NH4, connecting …

Talegaon near Pune – An upcoming urban housing destination

Among the upcoming satellite towns near Pune, Talegaon is one that particularly stands out as a real estate destination. This town has far outgrown its humble beginnings and is today, attracting a number of developers to come up with top quality projects and home buyers aplenty in equal measure.

This emergence of Talegaon as a promising real estate hub is not by accident, but is due to a coming together of a number of factors such as great connectivity, a pleasant climate and plenty of industrial growth nearby. We look at each of these factors which make this town so attractive to various categories of home buyers in the area.

Talegaon: Top-notch Connectivity

Mumbai-Pune NH4 at Talegaon
Mumbai-Pune NH4 at Talegaon

In today’s age, one can say that good connectivity is the harbinger of progress and Talegaon is doubly blessed in this regard, being well-connected by road and rail. Talegaon lies on the major national highway NH4, connecting Mumbai to Pune and onwards to Satara and Kolhapur. The Mumbai-Pune Expressway too is only 4-5 km away. One can reach here within 2.5 hours from Mumbai, 30 minutes from Pimpri-Chinchwad and 1 hour from Pune.

In addition, the town is connected by a well-tarred road to the neighbouring industrial area of MIDC Talegaon, as well as other major industrial areas of Chakan and Shikrapur. These industrial zones house major MNCs such as L&T, General Motors, Volkswagen, POSCO, JCB etc., with more (such as Foxconn) in the pipeline. A 200 hectare floriculture park for growing and storing flowers for domestic consumption and export has also come up here, as an initiative of the MIDC. Another major benefit, connectivity wise, is a link road from here to Hinjewadi & Talawade, the main IT hub of Pune.

Talegaon is well-served by PMPML buses from Pune as well as State Transport buses from Mumbai and other cities. Also, it lies on the Mumbai-Pune railway line. All local trains to and from Pune have a stop here and some even originate and terminate here. It’s not surprising to see how this connectivity attracts people of all hues.

Talegaon: Well-developed social infrastructure

Talegaon also can boast of good social infrastructure present in and around the town. A number of educational and healthcare options abound here, with large hotels and shopping centers within close proximity at Hinjewadi as well. Among the schools present here are the High Vision English Medium School, Heritage School by Pearson and BK Birla Centre for Education. The notable colleges around here include the Tolani Maritime Institute, MIMER Medical College and DY Patil College of Engineering. Medical care facilities are available at Lifeline Multispecialty Hospital, Pawana Hospital and Pioneer Hospital.

Talegaon: Lush green surroundings with a pleasant climate

Talegaon is at a nice elevation, which is actually higher than the popular twin hill stations of Lonavala and Khandala. This aspect ensures this town has a very pleasant climate all year round. In addition, it is surrounded by hills on all sides. Particularly during and just after the monsoon season, these hills abound with waterfalls and plenty of greenery, offering a soothing site to one’s eyes.

A view of the green surroundings of Talegaon from Rio Vista project (Image Credit: Parmar Construction Company)
A view of the green surroundings of Talegaon from Rio Vista project (Image Credit: Parmar Construction Company)

The Indrayani and Pavana Rivers flow by near here and their pristine waters add to the charm of living in this place. The town also boasts of large open spaces and offers great views of the surroundings for as far as one can see. With popular tourist attractions such as the Karla Caves, Bhaja Caves, Lohagad and Visapur Forts in close proximity to the town, it serves a good base camp for a nice short holiday.

Talegaon: Affordable homes

Adding more fuel to the demand of homes in Talegaon is the affordability of properties here. In comparison to Hinjewadi, Wakad or even Ravet nearby, Talegaon emerges as a far more economical option for home buyers. The average base price of a multistorey apartment in Talegaon comes to approx. Rs. 3,000/sq. ft. One can easily get a 1 BHK home for around Rs. 22 lakh and a 2 BHK apartment for Rs. 33 lakh, which is a lot lesser than elsewhere in Pune or Pimpri-Chinchwad.

Talegaon: Attractive to a wide variety of home buyers

A combination of all the above mentioned factors has meant that Talegaon is a much in demand housing destination. A significant portion of the demand for a home comes from people looking for a second or vacation home, particularly from Mumbai and to a lesser extent, from Pune. Demand has also come in from NRIs looking to settle in India and from senior citizens, who are attracted by the sylvan surroundings.

Another group of interested home buyers here is that of real estate investors, looking for good returns on their investment. Their optimism in this town’s growth prospects is justified by the fact that property prices here have doubled since the end of the year 2009. The town also attracts people working in the industrial hubs of MIDC Talegaon, Pimpri-Chinchwad and MIDC Chakan, as well as some spillover demand from the IT crowd working for various companies in Hinjewadi & Talawade IT Park.

Talegaon: Important projects

Aayush Park II is an upcoming project next door to the already completed Commander’ Aayush Park, being developed by the Earnest Group. This project comprises of 337 residential units of 1 and 2 BHK configuration spread across three towers. The amenities provided to residents include a children’s play area, gymnasium, jogging track, study room and a multipurpose court.

Goyal Properties, one of the emerging developers in Pune, have their upcoming project My Home Talegaon located just off the Talegaon – Chakan Road. Offering quality 1 and 2 BHK apartments spread across 3 wings on a 2.5 acre land parcel, it boasts of amenities such as a landscaped garden, jogging track, amphitheater, multipurpose hall and a children’s play area.

Indicative image of My Home Talegaon (Image Credit: Goyal Properties)
Indicative image of My Home Talegaon (Image Credit: Goyal Properties)

Located almost next to the Indrayani River is Parmar Construction Company’s project, Rio Vista. Offering 1 and 2 BHK apartments at an affordable starting price of Rs. 21 lakhs onwards, it’s unsurprisingly attracting plenty of interest. Among the amenities on offer are a river view deck, a river view meditation zone, a Spanish themed clubhouse, party lawn and a central plaza.

Conclusion

When one hears the name ‘Talegaon’, it is understandable that one would consider it to be a village, owing to the ‘Gaon’ in its name. However, one visit to this ‘village’ is all it will take to dispel any such notion. Talegaon’s easy approachability, the affordability of apartments here, the pleasant climate and lovely surroundings put together make it a great place for someone to consider purchasing a home in. One can see why this hitherto nondescript village has seen such a rapid rise in real estate and is now, poised to become a new satellite city of Pune. A host of prominent developers have taken note of this town’s promise and have come up with projects, perfectly suited to the profile of interested home buyers here.




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Talegaon – An affordable residential destination west of Pune

Last updated on November 19, 2016 by Manish Kumar

As one drives down towards Mumbai from Pune on NH4 (not the expressway), the town of Talegaon-Dabhade is one of the first places one will pass. This town is largely known for its lakes, greenery and the hills around it. In recent times, it has also emerged as a hub for affordable housing in the region, catering to industrial workers and IT employees alike. Not surprisingly, many developers have invested in numerous housing projects in and around this town. In this article, we analyze the present and future prospects of this town, touted as Pune’s next satellite city after Pimpri-Chinchwad and see whether this hype is justified. Location & Connectivity Talegaon’s biggest advantage is indeed its location directly on NH4, which allows for a quick commute to Mumbai, Pune, Pimpri-Chinchwad and even Satara and Kolhapur and has hence, attracted investors from these cities. The Mumbai-Pune Expressway too is barely 2 …

Talegaon – An affordable residential destination west of Pune

As one drives down towards Mumbai from Pune on NH4 (not the expressway), the town of Talegaon-Dabhade is one of the first places one will pass. This town is largely known for its lakes, greenery and the hills around it. In recent times, it has also emerged as a hub for affordable housing in the region, catering to industrial workers and IT employees alike. Not surprisingly, many developers have invested in numerous housing projects in and around this town.

In this article, we analyze the present and future prospects of this town, touted as Pune’s next satellite city after Pimpri-Chinchwad and see whether this hype is justified.

Location & Connectivity

Talegaon’s biggest advantage is indeed its location directly on NH4, which allows for a quick commute to Mumbai, Pune, Pimpri-Chinchwad and even Satara and Kolhapur and has hence, attracted investors from these cities. The Mumbai-Pune Expressway too is barely 2 km away and can be reached from Talegaon in a very short time indeed. Talegaon, which is a prominent industrial area itself, is also connected to the industrial hubs of Chakan and Shikrapur by road. In fact, most residential projects in Talegaon are either on NH4 or the Talegaon-Chakan road.

Talegaon also lies on the main Mumbai-Pune railway line. Regular local trains ply from Talegaon to Pune and Pimpri-Chinchwad daily and offer a convenient mode of transport for many office goers residing here. Pune Municipal Transport (PMT) also runs a regular bus service to and fro Talegaon, hence connectivity is not an issue here. Internal road quality, however, is not that good, with many kaccha roads and last mile connectivity lacking. Also, with the narrow arterial roads (other than NH4), traffic bottlenecks are formed and jams are a common occurrence, but unfortunately, not much has been done in this regard. Another inconvenience for those travelling by road is the toll they need to pay at Somatane Phata near Talegaon daily.

An internal road in Talegaon
An internal road in Talegaon

Talegaon caters primarily to two sections of residents: the IT sector employees working in Hinjewadi IT Park (24 km) and Talawade IT Park (14 km) on the one hand and those working in the industrial hubs of MIDC Talegaon, MIDC Chakan (21 km) and Pimpri Chinchwad (21 km) on the other. These hubs house major companies such as General Motors, L&T, Bajaj and Volkswagen. The demand for homes is comparatively greater from the latter segment i.e. the industrial staff and that has kept prices lower in this area.

Social Amenities

When it comes to social amenities, Talegaon is a rather mixed bag. It has none of the malls or mega shopping cum entertainment centers, which are present in Pune and Pimpri-Chinchwad. Good restaurants too are rare, with the dhabas along NH4 probably being the best option for those looking to eat out. However, the town has a number of grocery stores catering to residents’ daily needs.

Talegaon has a number of educational institutions. Schools such as the Heritage School by Pearson, BK Birla Centre for Education and High Vision English Medium School offer quality academic and value-based education to children. Each of these schools is affiliated to CBSE, with the first two offering hostel facilities as well. For higher education, one can choose from among DY Patil College of Engineering, DY Patil Management Institute, MIMER Medical College and Tolani Maritime Institute.

For medical care too, a number of hospitals are available in and around Talegaon and Somatane Phata such as Lifeline Multispeciality Hospital, Unique Hospital, Sparsh Hospital and Pioneer Hospital.

Affordable Homes

Among the biggest positives of purchasing a home in Talegaon is its affordability. Land prices and property prices are far lower than those in its neighbourhood and this offers good value for money to home buyers. The average base price for a multistorey apartment is ~Rs. 3950/sq. ft. It is equally affordable to take an apartment on rent, with an average rental price of Rs. 9/sq. ft.

As most properties in Talegaon cater to the budget segment of home buyers, there is a preponderance of 1 BHK and 2 BHK apartments, though 3 BHK apartments and villas are also available at some high end projects. One can get a 1 BHK apartment for rates starting from ~Rs. 17 lakh, with a 2 BHK apartment available for a starting price of ~Rs. 21 lakh.

Pollution free living with scenic views

Another big attraction of Talegaon to a home buyer lies in its beautiful green surroundings. Whether it is hills, lakes or the Indrayani River flowing nearby, Talegaon can be said to lie in the lap of nature. Talegaon is actually at a greater altitude than the popular hill station of Lonavala (25 km away) and hence, has great weather throughout the year. Most properties in Talegaon offer amazing views of the neighbouring hills and residents can enjoy a peaceful and pollution free life.

Green hills near Eagle's Nest society in Talegaon
Green hills near Eagle’s Nest society in Talegaon

Attractive to investors/vacation home buyers

An important feature of real estate in Talegaon is its attractiveness to investors or for those looking for a second or vacation home. In many projects, 50% or above of the apartments are purchased by these categories. For investors, Talegaon’s connectivity, upcoming infrastructural developments and the high probability of good returns serve as key attractions. In fact, land rates have more than doubled from an average of ~Rs. 1890/sq. ft. in December 2009 to ~Rs. 3950/sq. ft today, with plenty of scope for further appreciation.

Vacation/second home buyers are drawn by Talegaon’s climate, green surroundings and the lower property rates here. Talegaon’s proximity to popular tourist destinations such as Lonavala, Khandala, Karla and Bhaja caves etc. make it a good base camp for thrill-seekers as well as those looking for a peaceful, carefree holiday.

Upcoming projects in Talegaon

Having seen some of the key features of the real estate sector in Talegaon, we now highlight some of the upcoming projects in this town, which illustrate these features.

One of Pune’s major upcoming developers, VTP Realty, is launching their project Bhagyasthan, which is just off the Talegaon-Chakan road. This 11 acre project consists of budget homes of 1 RK, 1 BHK and 2 BHK configurations. Planned to be ready for possession around the end of 2018, these homes will boast of VTP’s signature quality engineering. Amenities such as a basketball court, clubhouse with gym, herbal garden etc. are also planned for the benefit of residents.

Located on NH4, as one enters Talegaon, is Naiknavare Developers’ Lakeshore Residency. As the name suggests, this project is next to a lake (which was, unfortunately, dry when I visited). Comprising of 2 BHK and 3 BHK homes along with convenience stores to meet residents’ daily needs, it functions virtually as a mini-township. Residents can avail of amenities such as a swimming pool, lawn, amphitheatre etc.

Site photograph of Lakeshore Residency in Talegaon
Site photograph of Lakeshore Residency in Talegaon

Moving further on NH4 towards Wadgaon, one comes across Tata Value Homes’ La Montana project. A beautiful Spanish themed township, being built on a 20 acre land parcel, it boasts of spacious and comfortable 2 BHK homes. Located next to green hills, residents can enjoy a pollution free environment while availing of the numerous amenities such as a jogging track, Jacuzzi, banquet hall, healthcare centre and even a school.

Located next to La Montana is another project by Naiknavare Developers, named as Eagle’s Nest. Offering a variety of housing options ranging from 2 BHK and 3 BHK apartments to row houses and duplex apartments, this project caters to a wide spectrum of home buyers. With the beautiful Western Ghats right next to it and amenities such as a community center, water bodies, pavilions and senior citizen’s seating area, residents will be spoilt for choice.

Site photograph of Eagle's Nest in Talegaon
Site photograph of Eagle’s Nest in Talegaon

Further along the highway, as one passes Wadgaon, one comes across Clover Realty’s Clover Casablanca project. This project has 1 BHK, 2 BHK and 3 BHK condominiums and boasts of the IGBC Green Homes Gold Certification. Clover is providing plenty of amenities to residents including a putting green, cricket pitch and skating rink, among others.

Conclusion

Talegaon has a lot to offer to home buyers, looking for greater value. The town may not have the advanced infrastructure and luxuries of a city, but its climate and surroundings are a major attraction. For those working in nearby areas, Talegaon is an appealing option. With ever improving infrastructure and more enterprises setting up base (Foxconn is setting up a major manufacturing facility here), the future does look promising for this town along the western outskirts of Pune and Pimpri Chinchwad.




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