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. 

Ring Road – Latest News as of January 2018

The Pune Ring Road is one of the most important infrastructure projects, proposed in the city of Pune in recent times. Expected to serve as a major booster to the growth of the city and also divert inter-city traffic from passing through city limits, this road has had a rather chequered history. Recent developments related to this road seem to bear this out.

The Pune Ring Road is to cover a total distance of 128 km and is expected to cost Rs. 13,315 crore to complete. It is to come up in 3 phases. The first phase, linking Satara Road in the south of the city to Ahmadnagar Road in the north-east, has in December 2017 received an allocation of Rs. 1,500 crore from the Union Government’s National Highway Authority.

The Pune Metropolitan Regional Development Authority (PMRDA) is the agency which has been entrusted with constructing this ambitious project. The PMRDA is expected to seek funds from the Asian Development Bank and other reputed lenders for the remainder of the amount. The ring road, as per current alignment, will pass through many villages on the outskirts of Pune such as Khed Shivapur, Maval, Kesnand, Wagholi and Pirangut.

Map showing the proposed Pune Ring Road (Image credit: maps-pune.com)
Map showing the proposed Pune Ring Road (Image credit: maps-pune.com)

However, land acquisition continues to loom large as the biggest hurdle this ambitious project faces. Many farmers from the area in and around Maval recently protested against their land being acquired for this purpose. The road ahead for this project, which is looked forward to by many, is likely to be a bumpy one and overcoming these will be a major challenge for those behind it.

Talegaon near Pune – An upcoming urban housing destination

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

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.

Pisoli – What Makes This South Pune Locality A Residential Hotspot?

Gagan Renaissance project in Pisoli Pune

If one looks at the way most cities in India have come up, one would see a trend. Most cities began as 2-3 areas getting merged to form its center, following which the influx of population saw the city expand in all directions, bringing more and more land and erstwhile villages in its fold. The city of Pune is no exception to this rule and among these villages, which is now an important part of the city’s ever-expanding skyline, is Pisoli in the South.

Pisoli has seen rapid development particularly in the last 5 years, as it and its popular neighbour Undri saw a heavy inflow of new residential projects and home buyers ready to snap up apartments in these projects. Today, Pisoli and Undri boast of projects by some of the country’s leading developers, apart from social infrastructure that would make more established areas in the city feel envious. In this article, we focus on the rise of Pisoli and what makes it such an attractive real estate destination.

Pisoli: Location & Connectivity

Pisoli is located in south Pune, along the Katraj-Hadapsar bypass road and comes between the areas of Kondhwa and Undri. This proximity to Kondhwa (4 km) and also Hadapsar (10 km), which are both industrial hubs, attracts spillover demand for homes from people working in these areas. However, the main customer segment for properties here are the techies working in the IT hubs of Magarpatta City (11 km), SP Infocity (10 km) and even Kharadi (15 km), who find this area to be affordable and not too far from their workplace either.

Pisoli has also attracted interest from people residing in the saturated areas of Wanowrie, Salunkhe Vihar and NIBM Road, who can get a larger apartment here at a cheaper rate. What also works in its favour is its proximity to the popular shopping destination of MG Road (10 km). Since Pisoli was made part of the Pune Municipal Corporation, the area has seen improved connectivity by PMPML buses, though the frequency needs to improve a bit more.

The roads here are currently being developed and expanded to boost last mile connectivity. While the nearest railway station is Sasvad Road (6.5 km), Pune railway station (12 km) is a far more convenient railhead for residents. Pune Airport is 18.5 km from here. However, the upcoming new airport in Purandar promises to be a game-changer for Pisoli, being one of the nearest areas to it and housing demand is likely to get a major boost as a result.

Pisoli: Social Conveniences

While Pisoli may be an upcoming real estate destination, residents of this area benefit from numerous social amenities present in its developed neighbourhood, which includes Undri, NIBM Road, Kondhwa and Wanowrie. Some of the best schools in Pune are within a very short distance of Pisoli, the most notable among them being Bishop School (1.5 km), Euro School (1.5 km), Sanskriti School (2.5 km) and Delhi Public School (4 km). Among the colleges near here are Sinhgad College of Commerce (2.5 km), Sinhgad Academy of Engineering (2.5 km) and Trinity Academy of Engineering (5.5 km).

Medical care facilities around this area too are plenty and include Sofia Hospital (4 km), Satyanand Hospital (5.5 km), Ruby Hall Clinic Wanowrie (6.5 km) and Inamdar Multispecialty Hospital (8 km). Some of the city’s best malls such as Kumar Pacific Mall (9.5 km), Seasons Mall (12 km) and Amanora Town Centre Mall (12 km) are also easily reachable from here.

Pisoli: Affordable Apartments

Probably the biggest factor, which drives interest in properties in Pisoli is the vast number of projects coming up and the affordable rates that apartments in these projects have. The property rates in Pisoli are much lower than the saturated areas of Wanowrie, Kondhwa and NIBM Road and are also lower than Undri next door. Most of the projects here are apartment projects of 1, 2 and lately of 3 BHK configuration. The average price for a multistorey apartment here is approx. Rs. 4300/sq. ft.

One can get a 1 BHK apartment here for a starting price of approx. Rs. 22 lakh, while the starting price for a 2 BHK and 3 BHK apartment here is Rs. 32 lakh and Rs. 55 lakh respectively. Very few areas in and around Pune offer apartments at such low rates and unsurprisingly, the demand for housing is quite high. This high demand, in turn, is likely to lead to sharp price appreciation in the near future, which is beneficial if one is an investor.

Pisoli: In Nature’s Lap

View of the Sahyadri Hills in Pisoli, Pune
View of the Sahyadri Hills in Pisoli

Another plus point of living in Pisoli is the natural beauty which surrounds it. The lovely Sahyadri Hills overlook this area and are a sight not to be missed, particularly during the monsoon season, when they contain waterfalls. In addition, the traffic around this area is much lesser than other parts of the inner city. Hence, residents can lead a quiet and relatively pollution free life in the lap of nature.

Pisoli Pune: Upcoming Residential Projects

Gagan Properties are among the leading developers in the city of Pune, with a number of residential and commercial projects in their portfolio. Specializing in providing luxurious yet value for money homes, Gagan Properties have invested heavily in Pisoli, with many of their projects coming up here.

Gagan Renaissance is a premium project with ready to move in homes, which include 1 BHK (carpet area: 510 sq. ft.), 1.5 BHK (652 sq. ft.) and 2 BHK (770 – 865 sq. ft.) apartments. This project offers amenities such as a clubhouse, swimming pool, party lawn and an amphitheater. One can get an apartment in this project, in a price range from approx. Rs. 30 lakh to Rs. 50 lakh.

Gagan LaWish project in Pisoli, Pune
Gagan LaWish project in Pisoli (Image credit: Gagan Properties)

Gagan LaWish is another project in Pisoli by Gagan Properties. This project includes 3 residential blocks, of which 2 blocks are ready to move in and 1 is under construction. It offers large and spacious homes of 1 BHK (carpet area: 528 – 538 sq. ft.), 2 BHK (744 – 874 sq. ft.) and 2.5 BHK (1024 – 1072 sq. ft.). The complex boasts of large entrance lobbies, a well-equipped clubhouse, an amphitheater, children’s play area and a party lawn. An apartment here is available in the range of approx. Rs. 32.5 lakh to Rs. 62.5 lakh.

Entrance to Gagan LaWish project in Pisoli, Pune
Entrance to Gagan LaWish project in Pisoli (Image credit: Gagan Properties)

Move a bit further and one comes to Gagan Cascades. This project, located right next to the surrounding hills, promises to offer a comfortable living environment. The apartments here are of 1 BHK (carpet area: 426 – 470 sq. ft.) and 2 BHK (614 – 769 sq. ft.) configuration. This project is currently under construction, with possession expected to be handed over by June 2018. The price range of an apartment here is approx. Rs. 28.9 lakh to Rs. 48.3 lakh.

Conclusion: Pisoli Pune

One can say that Pisoli Pune clearly has a lot to offer to prospective home buyers in southern Pune. Be it its location next to the hills, its connectivity to important shopping and transportation hubs, the good network of social infrastructure around it combined with the affordable property prices and it’s not hard to see why developers and home buyers alike have been making a beeline to this fast emerging area. Looking forward, one can see plenty of further developments coming up, which will further position Pisoli as an area of choice.

7 Reasons why one can consider buying property in Pune’s Boat Club Road

Boat Club Road is located in the heart of Pune city and owes its name to the Royal Connaught Boat Club, located on this road, which conducted boating activities on the Mula-Mutha River. Since the British era, Boat Club Road has built a reputation as an exclusive high end residential destination and is arguably, the most preferred address in the city. We look at why prospective home buyers should consider this location.

  1. Connectivity matters to you

Boat Club Road’s central location means it is well-connected to all parts of Pune city. Whether one is looking to commute to the market, office or to transportation hubs, all can be reached in a short time from here. Pune airport is barely 6.5 km away, while the main land transport hubs of Pune Station and Shivajinagar are only 2.5 and 5 km away respectively.

  1. You are spoiled for shopping options

Boat Club Road is close to some of Pune’s best luxury shopping destinations, such as Phoenix Market City and Nitesh Hub malls. For those who prefer the option of browsing through markets, one of Pune’s primary destinations, MG Road in Camp is within 3.5 km from here, with Laxmi Road a further 2 km. Beside this, many brands have their showrooms in and around Boat Club Road.

  1. Culinary options are also aplenty
City Point on Boat Club Road, housing Mainland China and Sigree restaurants
City Point on Boat Club Road, housing Mainland China and Sigree restaurants

Boat Club Road is also among the best places to satisfy one’s culinary cravings, with a host of old-timers and newcomer restaurants and joints offering a variety of options. Some of the most popular ones in this area include Sigree, Mainland China, Zamu’s Place and 10 Downing Street.

  1. You want a luxury, high end home

Boat Club Road is the most high end housing destination in Pune and it’s logical that home buyers paying a premium expect their home to have the best features, fittings etc. Major developers in the city such as Panchshil, Clover, Gera, ABIL and Kolte-Patil have their projects in this area. Many senior executives of companies as well as some of Pune’s most reputed business people reside here.

  1. You have the developer as your neighbour!
Gera Plaza, headquarters of Gera Developments, on Boat Club Road
Gera Plaza, headquarters of Gera Developments, on Boat Club Road

Most of the reputed developers in Pune have chosen Boat Club Road as their headquarters in the city and the list includes Sobha, Kolte-Patil and Gera. Not surprisingly, residents in this area have few complaints regarding their homes and if they do, they tend to get acted upon quickly!

  1. You want to stay close to your workplace

Boat Club Road is right next to the important business districts of Bund Garden Road and Dhole Patil Road, as well as the nearby IT hubs of Yerwada and Kalyani Nagar. One can also reach Shivajinagar and FC Road within 20 minutes from here, using the riverside Sangamwadi road.

  1. You are particular about quality schools and hospitals being close to home
Wadia College near Boat Club Road
Wadia College near Boat Club Road

Unsurprisingly, an area such as Boat Club Road is surrounded by numerous service providers. For schooling, residents have the choice of St. Felix High School on this road itself, with popular institutions such as St. Mary’s School, Bishop’s School and St. Helena’s School in Camp, within 5 km from here. Some of the top colleges in the city such as Wadia College and College of Engineering Pune (COEP) are also close by. The same applies to healthcare facilities as well; Ruby Hall Clinic and Jehangir Hospital are barely 1-1.5 km away, while Inlaks Hospital is around 2 km from here.

Read this before you purchase a home

While Boat Club Road is indeed an intriguing option, a note of caution is in order. The area sees heavy traffic and parking is a major issue. Prospective residents must take care that their home comes with sufficient parking facilities to cater to their vehicle(s).

Boat Club Road
Boat Club Road

The average base price of a multistory apartment on Boat Club Road is ~Rs. 15,400/sq. ft., but for a quality apartment by a reputed developer, one can expect to be asked to shell out at a rate up to Rs. 19,000/sq. ft. Not only is the price in this locality the highest in Pune, it is more expensive than even Navi Mumbai, comparable only to Palm Beach Road there. Rental rates are equally high, the average being Rs. 29/sq. ft. In short, only the well-heeled can afford a home in this premium locality.

Conclusion

A home in Boat Club Road in Pune signifies that one is part of the most premium residential destination in the city. Apart from being a status symbol, the comfort and convenience it offers residents is unparalleled in the city. Residential real estate here is now, by and large saturated, though commercial properties have seen a big jump in recent years, who have been attracted by all the aforementioned factors.

8 Reasons why Koregaon Park is a compelling real estate destination

If one draws a list of the most happening places in the city of Pune, Koregaon Park would be at or near the top of that list. A beautiful locality near the city center and along the banks of the Mula-Mutha River, Koregaon Park magnetically attracts NRIs, expatriates, students and visitors alike. We look at why you should seriously consider purchasing a home in this ‘jewel’ in Pune’s crown.

  1. You are a nature lover

Osho Teerth Park in Koregaon Park
Osho Teerth Park in Koregaon Park

If you are fond of living among green surroundings and breathing in fresh air every morning, while living in the heart of the city, Koregaon Park is for you! This area has a large green cover with a number of trees (particularly standing out are the venerable banyan trees), helping mitigate the pollution due to the traffic the area sees. There are a number of gardens as well to walk or meditate in, the most famous being the Osho Teerth Park, built along a beautified ‘nallah’.

  1. You are a die-hard foodie

Koregaon Park is considered to be Pune’s food capital for good reason. The area is dotted with restaurants; it’s hard to walk 50 meters without coming across one. These restaurants cater to all taste buds and to all budgets, so whether you prefer India, Continental, Oriental, Italian, Mexican and even Brazilian cuisine, you can find it a short walk/drive away. Some of Pune’s best hotels such as Westin, Blue Diamond and the O Hotel are all here, as well as famous outlets such as Malaka Spice, German Bakery and ABC Farms, to name just a few.

  1. You are a shopaholic

Nitesh Hub Mall in Koregaon Park
Nitesh Hub Mall in Koregaon Park

For shopping enthusiasts, Koregaon Park is the best base camp in Pune. With a variety of stores as well as malls such as Nitesh Hub and Jewel Square to choose from, one is not short of options. Also, located within a 7 km radius are other prime shopping and entertainment destinations such as Phoenix Market City, Amanora Town Centre and Seasons Mall.

  1. You prefer purchasing a home from a reputed developer only

For the brand-conscious clientele in Koregaon Park, it’s but natural to expect that they would want a quality home built by the best names in the business. This area, earlier known for its luxurious bungalows, is now seeing a rise in multipurpose apartments, owing to paucity of land.

Pune’s most reputed developers such as Kolte-Patil, ABIL, Panchshil Realty and Clover have popular, stand-out projects in Koregaon Park, providing the best of amenities and allowing customers to buy their dream home. For a real estate investor, returns on an investment on an apartment by a noted developer are likely to be much greater.

  1. You want to maintain a Western style standard of living

Koregaon Park is the most preferred living option for expatriates, NRIs and the wealthy classes of Pune city. Not only is the area beautiful and full of quality restaurants, it is also the location of some of the best housing complexes in the city, offering a first world standard of living. Among the amenities that come with your apartment (depending on the project) are Italian Marble flooring, private elevators, private swimming pool, Jacuzzis and even preinstalled kitchens.

  1. You love to party and don’t want to go far

Many of the biggest events and shows in Pune are held in and around this area. Some of the most popular venues include the Westin Hotel, Hard Rock Café and Elysium Lawns, which are all a very short drive away.

  1. Your office, the airport and railway station are close by

Koregaon Park attracts many senior management personnel, working in companies in the neighbouring IT hubs of Kalyani Nagar, Yerwada and Viman Nagar. The city’s main transport hubs, the airport and railway station, are very close by as well, at a distance of 5.5 km and 3.5 km from this area respectively.

  1. Plenty of options for education and medical care

A major benefit of being in a central location such as Koregaon Park is the facilities available in close proximity. Residents can send their kids to quality schools such as Bishops Co-ed School, Lexicon International School and Symbiosis International School, which are a short distance away. They can avail of some of Pune’s top hospitals for medical care needs, including Inlaks Hospital in Koregaon Park itself and Jehangir Hospital and Ruby Hall Clinic, within 3 km.

The Flip Side of Koregaon Park

While Koregaon Park is undoubtedly quite attractive for the reasons mentioned above, it’s not exactly all smooth sailing for someone considering purchasing a home there. These are some of the points you may need to ponder on:

  1. Too much traffic puts you off

North Main Road in Koregaon Park
North Main Road in Koregaon Park

The heavy and extremely haphazard traffic in the area is the biggest problem residents face, particularly during peak hours and over the weekends. Traffic jams are common and the time taken to reach a nearby place could be quite a bit, if caught in one. Particularly on North Main Road, the noise pollution tends to be quite high. The limited carriage width of the roads here just cannot handle such large volume of traffic.

  1. You don’t like having to hunt for parking

Finding a proper parking spot, should one wish to visit a restaurant or party place in the area, for one’s car can be considered a real achievement. Parking along the North Main Road and Lane 1 is not allowed and the inner lanes are often clogged with vehicles as well, leading to one spending plenty of time and energy on the same.

  1. You lack the necessary finances to purchase a home here

Koregaon Park is an evergreen housing destination, with demand for a home always quite high. Considering the area’s location and reputation as a place for the well-off, one must be prepared to pay a significant premium for a home here. The average base price for a multistory apartment here is ~Rs. 11,350/sq. ft., which can go up to Rs. 15,000/sq. ft. for more luxury projects. Renting a home here requires a significant financial outlay as well, the average rental rate being Rs. 27/sq. ft.

  1. Security issues

Koregaon Park’s popularity unfortunately also, attracts unsavory elements. The Osho Commune here attracts a large number of visitors from abroad as along with the Pune Chabad House, has for long been a target of terror groups. The popular eatery, German Bakery, was the target of a bomb blast in February 2010, which killed 17 people. Security has since been beefed up in the area, with roadblocks and checks by the police a common occurrence.

New and upcoming projects

Ajmera Aria by Ajmera Builders offers 4 BHK apartments, having an area of 5,850 sq. ft. along with amenities such as a swimming pool, party lawn and business meeting rooms.

Vascon Engineers’ long-delayed and awaited project Vascon Windermere offers spacious 3 BHK, 4 BHK and 5 BHK apartments of area ranging from 3,000 – 6,600 sq. ft., coupled with sports courts, shops and a clubhouse.

Vascon Windermere in Koregaon Park
Vascon Windermere in Koregaon Park

Marvel Basilo by Marvel Developers is another premium project coming up in this area, with 3.5 and 4.5 BHK apartments, along with automated apartment management systems, allowing residents to control their homes remotely as well as concierge services offered to residents.

Conclusion

Koregaon Park is among the best locations in Pune to stay or invest in. The demand for quality housing in this area has always been high and with demonetization and the RERA Act coming into force shortly, is only likely to increase further. While an apartment here is not affordable for everyone, those investing here are unlikely to be disappointed.