The Best Localities of Pune

Over the last two decades or so, Pune has seen some fabulous growth. It is considered one of the primary IT hubs in the country, along with Bangalore and Hyderabad. The ‘IT hub’ tag has attracted migrant population to the city, which in turn has spurted growth.

What has also helped the city is its largely young demographic, and proximity to Mumbai. Until the 1990s, Pune was a sleepy town with little to boast of. Today, it can boast of some of the classiest neighborhoods in the country.

If you are planning to move to Pune and want to live in plush luxury, here is a list of some of the best neighborhoods of Pune to live in.

Sopan Baug

The area gets its name from a fruit orchard that it located nearby. The highlight of the area is its tranquility and serenity, which makes it an attractive destination for retirees as well as people looking for a break from bustling city life.

Sopan Baug is located near the cantonment area, and offers good connectivity to the airport, Koregaon Park, and Kalyani Nagar. It has some of the plushest residential colonies of Pune.

Since there is no space constraint, most builders have built expansive apartments here, which give you a feel of living in a bungalow. Clover Belvedere Sopan Baug is especially a residential project worth checking out.

Sopan Baug serves as a classy destination for settling down, and a good investment opportunity as well.

Kharadi

Kharadi has quickly become an important IT destination of the city. The area has seen stupendous development over the past five years, with many IT companies setting up their business here. Proximity to Kalyani Nagar and Viman Nagar, which are prime locations of the city, make Kharadi an ideal destination to settle in for working professionals.

The influx of working demographic has meant that Kharadi has seen rapid housing development as well. There are plush residential areas as well as budget housing available in the area.

Projects like Forest County Kharadi, Pune give you ample value for your money. Like Sopan Baug, Kharadi too is a good place to settle in, and is a good investment opportunity too.

Kalyani Nagar

When counting the swankiest localities of Pune, you cannot count out Kalyani Nagar. The area is named after Dr. Neelkanth Kalyani, who helped kick-start development in the area. In a 2005 survey, Kalyani Nagar was voted as the locality with the most promise in the real estate market. It is a hotbed for IT companies and enjoys a good mix of cultures.

Property rates in Kalyani Nagar are comparable to those in Sopan Baug, and it is a preferred destination for working professionals. There are some really good realty projects in the area. In fact, Verde Pune is a project worth checking out in Kalyani Nagar.

The bottom-line: If you are seeking peace and tranquility, Sopan Baug is the place to be, with Clover Belvedere, Pune a project worth checking out in the area. If you are looking to be amidst the action, Kalyani Nagar and Kharadi are the places to settle down in.  

Pune one of the best cities to live in India

A 2013 survey by a non-profit organization named Janaagraha sought opinion from people about the quality of life in 11 Indian cities. Based on the survey, Pune emerged as one of the best cities to live in India.

What makes Pune one of the best?

There are several reasons for that. To start with, Pune has a people-friendly policy system in place. Most people that participated in the survey lauded the ease of dealing with government offices in Pune. What also tips the balance in favor of Pune is the low crime rate. In fact, Pune is regarded as one of the safest cities of India.

There is growth

Over the past decade or so, Pune has become the IT hub of India, along with Bangalore. It has resulted in an influx of people from other states of the country, and from across the globe as well.

The influx of people has resulted in a push for infrastructure development in the city. According to experts, Pune is one of the most promising real estate destinations of India.

Scores of housing and commercial projects are coming up in the city, catering to the modern needs of the young crowd. There are plush residential communities in bustling areas such as Kalyani Nagar, and budget housing too in suburban areas of the city.

Where to live in Pune?

The answer to that question depends on what exactly you are looking for. Over the years, Pune has transformed itself into a city which has something for everybody. If you are looking to be amidst the action, there is nothing better than settling down in Kalyani Nagar Pune.

The neighborhood enjoys a fantastic location. It is close to the airport, railway station, Kharadi, and also the Mumbai-Pune Expressway. The ideal location has meant that most IT/ITeS companies their offices here.  Thus, commuting to and from work won’t be a hassle too if you are living in Kalyani Nagar, Pune.

There are plenty of good residential projects in the area. Verde in Kalyani Nagar is a project worth looking at.

For retirement

While Kalyani Nagar is for those who enjoy life in the fast lane, Pune offers a solace for retirement too. In fact, in a recent survey, Pune was also voted as one of the best cities to retire in India, along with Dehradun and Goa.

Askarwadi is one area where you can enjoy a laidback lifestyle amidst beautiful greenery while still remaining connected to the rest of the city. In fact, many real estate players have developed housing in the area meant specifically for retirees. Clover Renaissance Pune is one such residential project, aimed at people who are hanging up their boots and want to live life in the slow lane.

The future looks promising too

According to the survey conducted by Janaagraha, most people were optimistic about the future of the city. Most people expected the quality of life in Pune to improve further, which would push growth even more. Thus, even if you are just looking to invest, Pune is a good bet.  

Clover Builders Leading Real Estate Developer in Pune

Up until the 1990s, Pune was a pensioners’ paradise, thanks to its affable climate and laidback lifestyle. While it still serves as the go-to choice for retirement for people in Maharashtra, the demographics and lifestyle of Pune have undergone a sea change.

In the late 1990s, Pune started emerging as an IT hub owing to rise of BPO industry. As a result, the city saw an influx of young people who had dreams in their eyes and a passion to make a comfortable future. In order to meet the fuelling demand of the young population, a number of real estate developers thronged to the city.

The real estate boom in Pune has continued ever since, helped by a large student population and a growing reputation as one of the major IT hubs of the country. Today, there is a demand of more than 45000 home units annually in Pune, which is a significant rise from 20000 home units about 2 years back.

A number of quality real estate developers are meeting this high demand for real estate in Pune. One such developer is Clover Builders, which has been in the field for more than 30 years. Some of the flagship projects of Clover Builders include Clover Hills Kondhwa Pune, Verde pune, and Clover Hills Plaza NIBM Pune.

Due to its changing demographics, the kind of construction in residential projects in the city has also undergone a change. While a decade or two back, the focus was on budget housing, today, it is about giving the young generation large apartments with most modern facilities and amenities.

A good example of this is residential homes in NIBM, Pune. Residential homes here are defined by spacious design and immaculate facilities, which is what people in 20-35 years age bracket are demanding.

Pune real estate market as an investment opportunity

2013 was not a very good year for real estate market in India. Owing to high inflation and low growth, people were reluctant to buy new property. However, Pune belied this general trend across the country.

Instead, Pune saw a steady real estate market, with good demand and rational pricing. When a city does well in a lean year, expectations can only be high for the future. The coming of Modi government spells a good sign for the real estate market in Pune.

The city is expected to have high demand and growth across different real estate segments. Land on the outskirts of the city is still cheap, which allows developers to offer affordable housing.

While there is great demand for entry-level housing, the demand is expected to be equally good for luxury homes and apartments. Thus, investing in projects like Clover Hill Plaza NIBM Pune and other such projects would be a good bet.

While the city continues to grow as an IT hub, the real estate demand here is primarily in the residential sector. Thus, you would do well to invest in residential projects in well connected areas of the city, such as residential homes in NIBM, Pune; residential projects in Kharadi and Wakad etc.

The average price range of residential projects in a well connected area such as Kharadi is around Rs 5500-6000 per square feet. Backed by good infrastructure, you should be able to make good returns on your investments in such areas. The same goes for residential homes in NIBM, Pune and other areas.

The Conclusion

If you want to ride the real estate boom in the city, opt for good developers who have been in the market for some years now. Clover Builders is a case in point.