Realty trends in outskirts of Pune – part II


Pune, India, Real Estate, Track2Realty, Track2MediaHinjewadi: Hinjewadi is the fastest developing IT hub of Pune located north-west to Pune city. Hinjewadi is 10 km from Pune city, 21 km from Pune airport and 16 km from Pune Railway station. Hinjewadi about one and a half hours from Navi Mumbai and two and half hours from Mumbai city via expressway. Pune IT sector employs more than 70,000 people. In addition to existing software companies like Infosys, Wipro, Satyam, TCS, Cognizant and IBM Global, others are planning to set up operations in Pune, including software giant Microsoft, which intends to set up a Rs 700-crore facility in Hinjewadi. The real estate rates/price in Hinjewadi ranges approx 2800 to 3500 per sq.ft.

Warje: Warje is one of the fastest developing residential and commercial areas in the suburbs of Pune. Easily accessible from Hinjewadi, NH4, Baner, Aundh, Kothrud-Paud Road, Karve Nagar, Sinhagad Road and Katraj make it one of the potential localities in the vicinity of Pune. In recent years the infrastructure development which has come up in Warje has given a boost to real estate development in this area. Areas close to Warje are Anandnagar, Dhayri, Ambegaon, Wadgaon Budruk, Vittalwadi. The real estate rates/price in Warje ranges approx 2500 to 3500 per sq.ft.

Kharadi: Kharadi is situated on the western boundary of PMC limit is undergoing a rapid change and to be considered as the next IT hub of Pune City after Hinjewadi. IT company’s like Zensar technologies has already taken their first step into looking at Kharadi as the next potential IT hub, by building their 60 crore campus in Pune’s new Silicon Valley.
Kharadi is carrying planned construction activities and ultra modern amenities. Several MNCs are re-locating to Kharadi, as accessibility to airport, railway station and areas like Kalyani Nagar, Mundhwa, Hadapsar makes Kharadi a convenient destination. The real estate rates/price in Kharadi ranges approx 3000 to 5000 per sq.ft.

The author Ankit Sachdeva is Director, Reagil Group, Pune, India


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