Commercial developments, more than often, leads the way for the overall development of a locale, such as amenities, infrastructure, and connectivity. More the commercial investments are, better the area’s performance in real estate segment. This applies to localities even in major cities of the country. An investor looking for a profitable location will always have one thing in the top of his checklist, and it’s the presence of IT or other employment zones inside the range. One such location which is enjoying the limelight because of the IT factor is, Kharadi in Pune.
Regarded as the new IT hub of the city, the area has seen greater advancements in IT, ITES, education, retail, and the hospitality sector. Located along the beautiful Mula-Mutha River, Kharadi is today a real estate hotspot. The locale has many things going in its favour and one among those is its strategic location, yes! It’s strategically located at a distance of just 7 kilometres from the Pune Airport. The region boasts of many world-class IT spaces in the form of Magarpatta Cybercity, Cerebrum IT Park, Magarpatta Cyber City, Zenser Technologies, and World Trade Centre etc. And this, in turn, has encouraged many IT professionals to discover rental flats in Kharadi and even luxurious 2 BHK flats in Kharadi.
It’s really difficult for one to not discuss the connectivity and infrastructure of the region while emphasizing on its plus points. Top educational institutions include Mahindra Pride School, Kothari International School, Mahindra Pride School and more. There are top-rated hospitals like Sneha Specialty Hospital, Rakshak Hospital, Rising Medicare Hospital and others. There’s no shortage of recreational centres and retail joints as well. And yes! The area is well-connected to major places of Pune. An intermediate highway between Pune-Solapur National Highway and Pune-Ahmednagar passes through the locale. Moreover, reaching places like Koregaon Park, Viman Nagar, Hadapsar, Kalyani Nagar, Chandan Nagar and Magarpatta Cyber City is a breeze from here.
Having said all this, you wouldn’t be surprised if you come to know that the area has recorded a price appreciation, as high as 35-37% over the last couple of years. Understanding the area’s demand for residential properties, builders like Gulmohar Development, Bramha Corp Infrastructures Pvt Ltd, Malkani Developers and others are catering to mid-segment by offering a variety of flats for sale in Kharadi.
So, with everything looking well and good, investing in the locale’s real estate can be highly profitable.