Pune is one of the fastest growing cities in India. Over the years this city has become a lucrative destination for young professionals. Despite its proximity to India’s biggest metropolis, Mumbai, Pune is a peaceful city shrouded by greenery. It is also one of the hottest educational hubs of India. Professionals from all over the country are choosing this city for its fantastic living conditions.
They are settling in different locations with their young families. So, 3 BHK flats in Pune in world-class housing projects like Tinsel County are in demand. This article gives a brief overview of some of the attractive locations in and around the city.
- Kalyani Nagar
This is one of the most sought-after residential places in the eastern corridor of Pune. It is now known as the IT hub of the city. Kalyani Nagar has come a long way as one of the most upmarket residential property destinations in Pune.
This location well connected to Mumbai through the Pune-Mumbai highway. Also, its closeness to airport and rail station makes it an ideal destination. Here property rates vary between Rs.8,000 and Rs.18,000 per sq. ft. Also, 2.3BHK ready to move in apartments are available at this moment.
- Wagholi
Affordability, connectivity, and good social infrastructure have made Wagholi an important suburb. Engineering colleges and schools are added attractions for this location on the eastern edge of the Pune. This location will soon come under the Pune municipality. So, this will regularise the water and electricity connections in this area. In terms of transport, upcoming flyovers and ring roads will connect this area to key localities in Pune.
So, property prices in Wagholi are going to increase in the near future. There has already been an appreciation of 15%- 20% in such prices. At present, 1/2/3 BHK apartments are available. Property prices here range between Rs.4,000 and Rs.11,000 per sq. ft.
- Hinjewadi
Hinjewadi is known the Rajiv Gandhi InfoTech Park sprawling over 2,800 acres. This locality is exceptionally safe. CCTV cameras have been installed everywhere. The proposed metro rail between Hinjewadi and Shivaji Nagar is going to resolve the transportation issues.
Hinjewadi has some top-class educational institutions. This is one of the best locations for young families looking to buy property in Pune. It is especially beneficial for IT professionals. In this area, Tinsel County has a lot of affordable apartments to offer, with the prices ranging from Rs.4,000 to Rs.12,000 per sq. ft.
- Aundh
This area enjoys has an advantageous position in the western corridor. It can be accessed from other hot pockets of the city. Presence of good civic and community infrastructure has made it one of the most sought-after locations.
The availability of shopping outlets and high-grade restaurants has enhanced property prices in this location. Its proximity to Pune University and connectivity to Central Pune are important factors for home buyers. It is well-connected with Mumbai through the expressway. All these factor contribute to the average annual appreciation of 20% in property prices. Real estate prices in this location lie within the range of Rs.10,000-15000 per sq. ft.
- Baner
Situated in Central Pune, Baner has a lot offer. Baner hill with an elevation of 2,224 ft. is the highest viewpoint. The place is an excellent getaway from the hustle and bustle of the city. It provides a great morning trek location for the weekends. Baner is home to popular restaurants, pubs, and cafes.
Property prices in Baner have recently witnessed an appreciation of 20%-25%. Proximity to the Pune-Mumbai expressway and easy access to Central Pune are major factors to consider. Real estate prices in this location ranges between Rs.8000 and Rs.20,000 per sq. ft.
Last but not least
Young professionals raising a family can opt for 3 BHK flats in Pune. With its ample greenery and pleasant working environment, this city can be the place for the dream home to you and your family. Buying a home involves large financial commitments. The easiest option is to go for a home loan from banks or non-banking financial companies (NBFC) like Bajaj Housing Finance Limited. You can repay the loan over a considerable period and it would not affect your current lifestyle.