When you discuss about property investment in Pune, you have to mention Kharadi properties as one of the top most choices to invest in. Property investment in Kharadi has been very healthy over the years and in the recent past Kharadi is surely at the forefront of real estate investment in Pune city. Let us have a closer look and discuss 6 strong reasons that make Kharadi property investment extremely attractive:
Any real estate location worth investing has to be well connected and centrally located. Well, Kharadi is a location in Pune that is strategically located and close to all other important locations in Pune. Pune-Ahmednagar Highway, Mundhwa Road, Grant Road, Fountain Road and the Pune international Airport are extremely close and easily reachable from Kharadi. Also prime residential location in Pune like Kalyani Nagar, Koregaon Park, Viman Nagar, Wagholi, Hadapsar, Mundhwa, etc. are very close to Kharadi.
Good road connectivity via a plethora of bus services and a strong railway network in Kharadi help travelers and Pune residents travel to Hadapsar, Khadki, Manjari and Kothrud easily. Also with the new Pune Metro connectivity scheduled to come into place, travelling from Kharadi to multiple other locations in Pune would be further simplified. Since the utmost basic criteria of good connectivity is fulfilled by Kharadi as a location, Kharadi real estate market has been tasting regular and steady growth in terms of prices, demand and good quality real estate supply.
Business / Commercial / Industrial / IT hub
A major factor in the positive growth of property prices in Kharadi Pune has also been the fact that the commercial activities in Kharadi due to the presence of some of the largest commercial IT zones not only in Pune but also across India like the Kharadi IT park, EON IT park, Cerebrum and also the World Trade centre.
One of the most well developed and gigantic Special Economic Zone (SEZ) project in Kharadi famous across the globe happens to be the EON IT Free Zone. Huge multinational companies and Indian companies like Tata Communications, Reliance, Wipro, Polaris, Eaton, Synechron, Zensar technologies, Citicorp Services India Pvt. Ltd, Vodafone, Meltek Infosystems, Honeywell, Sears, Mphasis, Barclays, Symantec, global financial companies and other technology giants have presence in these commercial developments in Kharadi. There are also very strong industrial areas near Kharadi like Hadapsar, Wagholi, Ranjangaon, Sanaswadi and more. These industrial locations have a lot of small and large industrial set ups that attract a huge human resource and provide a lot of jobs to people. Many people working in these nearby localities of Kharadi prefer to buy homes in Kharadi for their use.
Well developed social infrastructure
A quick Kharadi area review will make it obvious that the young work force being attracted by these big and small companies are driving the Kharadi real estate growth story to a large extent. Due to the obvious demand of the educated population working and living in Kharadi, there has been a constant development in Kharadi of restaurants, malls, entertainment areas like Texas Tower, Kimchi, The FML lounge, Café 1730, Rocomamas, Drink your Selfie, the Urban Kadhai, Aqua Lounge, SGS Mall, Estaller, Gold plaza, Amanora Mall, Fortune plaza, Town Centre, Phoenix Market City and Seasons Mall. The Kharadi Pune real estate investments have been largely driven by the thriving strong organic demand from the people working here.
Kharadi also has good health care and hospital facilties with the presence of good quality hospitals like Rising Medicare Hospital, Balaji Hospital at Chandan Nagar, Rakshak Hospital on Pune Nagar highway road, Gold Rush Hospital at Thite Nagar, Aditya Hospital on the Kharadi bypass road, Columbia Asia Hospital on the Mundhwa – Kharadi road, etc.
Also there are good quality hotels in Kharadi to host international and national level businessmen coming here for business or leisure. These include hotels like Taj Blue Diamond, Le Meridian, Fairfield by Marriot, Isuite hotel, Grand Hyatt, Icon bliss, The Westin, Radisson and more.
The fact that Kharadi lies within the Pune Municipal Corporation limits has also helped the fast all round development of Kharadi. Well developed roads, good civic infra and well laid out public facilities have encouraged real estate developers in Kharadi to build new residential projects in Kharadi. Since this particular area has the basic infra in place it becomes easier for property developers to develop new projects as well real estate agents in Kharadi to sell properties in Kharadi easily.
Strong residential property market in Kharadi
The commercial landscape of Kharadi has definitely influenced the residential real estate market in Kharadi and therefore the entire Kharadi real estate market has a very strong foundation in terms of the continuous and real demand and also willing real estate developers who are always keen to develop good quality properties in Kharadi as there are consumers available to grab them. The IT parks in Kharadi draw a huge number of people and the entire eco system around the IT parks trigger a lot of jobs and help businesses in and around Kharadi. The good quality of hospitals, health care facilities in Kharadi have come about also as an influence of the IT parks and the commercial activities. This in turn has encouraged more residential real estate developments in Kharadi since good public and living facilities attract people to move in a certain area easily.
There has been a good amount of increase in the residential real estate value in Kharadi due to the basic underlying principles of organic demand and natural growth being in place. The current per square foot price in Kharadi for residential properties fluctuates from Rs. 4800/- to Rs. 6800/-. You will get more pricing ideas from this site that will make your knowledge related to Kharadi real estate more sharp.
There are many new and under construction residential projects in Kharadi being developed by multiple real estate developers including:
Forest country, Riverdale Residences by Duville Estates, Venkatesh Graffiti by Shree Venkatesh Buildcon Pvt Ltd, Ganga Platino by Goel Ganga Group, Gera World of Joy by Gera Developments Private Limited, Zen Estate by Kohinoor Developer, Nyati Elysia by Nyati Group and many more.
Another major attraction for residential home buyers and property investors to invest in Kharadi properties is that the property prices in Kharadi are still affordable. A person investing in good quality homes in Kharadi or commercial or retail properties in Kharadi can expect to make a good capital appreciation and also good rental incomes in the years to come. As a prime residential real estate location in Pune, Kharadi still caters majorly to middle class buyers and it has seen a property capital price increase of more than 130% in the last decade.
There is a growing demand for 2bhk and 3bhk apartments in Kharadi and also luxury properties in Kharadi are witnessing a good demand. All these are indicators of the strong residential demand that Kharadi enjoys making it a superb real estate investment location in Pune.
Strong rental market
Another very important factor in the Kharadi real estate market is the fact that the demand for rental homes in Kharadi is very strong. People working in the IT sector, finance industries, technology companies, etc. can afford to pay good rent for apartments in Kharadi and this encourages investors in Kharadi properties to invest further in new and under construction properties in Kharadi. Many of the employees who work in the Kharadi region are posted here for a stipulated period of time and therefore pefer to rent good partments in Kharadi. Also the fact that these people are employed with good companies makes the property owners in Kharadi comfortable as the payment of rents is on time and stable.
Also residential rental markets boom in locations where the connectivity is seamless. This is what Kharadi offers and therefore demand for rental properties in Kharadi is strong as it is easy to reach Pune airport, Pune railway station, Pune-Ahmednagar Highway, Pune-Solapur National Highway and to other important areas in Pune.
As per 99sqft.com there are many apartments and flats available on rent in Kharadi in good gated communities as well as new buildings. Based on the Kharadi rental property listings on 99sqft.com the average rent of homes in Kharadi Pune is as follows:
1BHK in Kharadi is around Rs. 10,000-12000/-
2BHK in Kharadi is around Rs. 15,000-18000/-
2BHK in Kharadi is around Rs. 22,000-25000/-
The icing on the cake for Kharadi property and Kharadi real estate is that despite being such a busy commercial and residential, Kharadi has a very natural surrounding with good green cover. It is close to the Mula-Mutha Riverside and also has a good hilly side feel to it. Lush tree cover across Kharadi have helped it to be a green as well as a good commercial area too.
Future infrastructure in Kharadi
A good thing about Kharadi is that the Kharadi future development plans are extensive and impact making.
Kharadi real estate market is strong and the fact that there are a lot of strong initotives by the State government to further improve and add to the existing infrastructure in Kharadi bodes well for the future of property investments in Kharadi. Some of the upcoming infrastructure initiatives in Kharadi that would definitely improve the value of Kharadi further incude:
A dedicated Pune Metro station through an extension of ‘Vanaz to Ramwadi’ line.
Bus Rapid Transit System (BRTS) connectivity under the Warje -Kharadi corridor.
23 km, six-lane Kharadi-Shivane, Mula-Mutha Riverside Road, making it possible to travel from Kharadi to Kalyani in five minutes.
All the above factors make Kharadi a very safe and attractive real estate location in Pune for many years to come. You can find many new and under construction projects in Kharadi for self use as well as investment on 99sqft.com