Are you contemplating an investment in Kharadi, Pune? This article outlines compelling reasons why Kharadi stands out as an excellent choice for homebuyers and investors alike.
Kharadi, situated in northeastern Pune, has seen remarkable growth over recent years, establishing itself as one of the swiftest-developing and highly desirable locations. Its strategic placement near essential institutions and recreational areas enhances the quality of life significantly. This area is gaining traction among property seekers thanks to robust advancements in sectors such as IT, education, hospitality, and retail.
Once a barren expanse, Kharadi is now recognized as a burgeoning IT hub, boasting numerous commercial ventures and luxury residences. The presence of industry titans like Tata Communication, Wipro, Reliance, and Polaris has undeniably accelerated Kharadi's development, augmenting its appeal in the real estate market.
Here are several factors that make Kharadi an attractive investment destination:
Reasons to Invest in Kharadi or Buy a Flat in Kharadi, Pune
1- Home to Major IT Companies
The area's impressive connectivity and affordable property prices have drawn countless prominent IT firms to Kharadi. Following Hinjewadi, Kharadi houses the highest concentration of IT parks. The Special Economic Zone (SEZ) accommodates renowned IT and ITES companies such as Vodafone India Services, Prism Informatics, and Tata Communications across an expansive 40-acre campus, located just 8 km from the international airport. Kharadi's business ecosystem has significantly contributed to Pune's IT sector development.
2- Strategic Location Advantages
Kharadi benefits from a meticulously planned road network and outstanding transport links, greatly enhancing its attractiveness. Its proximity to major landmarks like the Railway Station, Airport, Koregaon Park, Kalyani Nagar, Hadapsar, Wagholi, Chandan Nagar, and Mundhwa is quite valuable. With the upcoming metro station via line 2 extending between Vanaz and Ramwadi, Kharadi's connectivity will only continue to improve. The wide roads and closeness to highways make it seamless to navigate to various parts of Pune swiftly.
3- Robust Public Transport and Social Infrastructure
The area features notable hotels including Le Meridien, JW Marriot, The Westin, Taj Blue Diamond, Grand Hyatt, and Radisson, complemented by reputable educational establishments such as Symbiosis, Victorious Kids Educare, Kendriya Vidyalaya, and Sunrise English High School. The closest bus stop, Moudha Bus Stand, is 12 km away, and taxis or cabs are readily available. Additionally, thanks to its location near the airport, travel times are considerably reduced.
4- Surging Housing Demand
With solid connectivity and a proliferation of IT parks, Kharadi is attracting professionals from across the nation, resulting in a rapid increase in housing demand. Buyers are notably favoring apartment complexes over standalone homes or plots. The rental market is promising, with a 2 BHK flat in Kharadi fetching between Rs 10,000 to Rs 18,000 per month. Professionals employed in the Ranjangaon Industrial Zone are also leaning towards Kharadi due to its excellent infrastructure.
5- Positive Price Trends
The booming IT sector has prompted both residential and commercial property development. Consequently, land prices have spiked significantly. Real estate experts reported that prices jumped from Rs 4,779/sqft in October-December 2012 to Rs 5,192/sqft in January-March 2013, and reached Rs 5,583/sqft between April and June 2013.
Many believe that Kharadi possesses immense potential in Pune's real estate market. The city’s incredible growth has piqued the interest of buyers, transforming the real estate trend in the region altogether. Today, Kharadi is regarded as a prime area in Pune, promising a quality living experience.
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