Overview of Erandwane, Pune

Erandwane is located in central Pune, known for its appeal in both residential and commercial sectors. Let's check what makes it a top pick for property buyers or tenants.

Location and Connectivity

• Erandwane centrally positions itself, connected to major areas like FC Road, Kothrud, and Deccan Gymkhana.
• It’s linked via arterial roads like Karve Road and Law College Road with convenient bus and auto-rickshaw services.
• Proximity to Pune Railway Station and airport adds to its convenience.

Property Rates

• Properties in Erandwane start at about ₹5,925 per square foot, with an average price at ₹16,507 per square foot.
• For luxury flats, prices range between ₹12,000 to ₹18,000 per square foot, depending on factors like location, floor, and facilities.
• Independent houses and villas fall between ₹18,000 to ₹25,000 per square foot.
• Expect commercial spaces to price between ₹15,000 to ₹20,000 per square foot.

Property Types

• Apartments: Available in multiple configurations including 1 BHK, 2 BHK, and 3 BHK flats. A 2 BHK flat costs ₹1.45 crore to ₹1.8 crore, with 3 BHK flats costing higher accordingly.
• Independent Houses/Villas: Offers luxurious and spacious options for larger living.
• Commercial Spaces: Great for business-driven needs, with modern office spaces.

Amenities and Infrastructure

• Educational Institutes: Abasaheb Garware College and Brihan Maharashtra College of Commerce (BMCC) nearby.
• Healthcare: Top hospitals like Deenanath Mangeshkar Hospital and Sahyadri Super Specialty Hospital.
• Cultural Spots: Close to venues such as Yashwantrao Chavan Natyagruha and Nal Stop area.
• Lifestyle: Features mixed residential calm and lively urban amenities, including elite gated communities with pools, gyms, and landscaped gardens.

Real Estate Trends

• Demand for Premium Properties: Luxury apartments and modern residential complexes gain popularity.
• Redevelopment Projects: Transforming older bungalows to modern luxury complexes enhances the area.
• Steady Appreciation: Property values are rising steadily, providing good returns on investment.

Year-on-Year Price Movement

• Property rates dropped by 2.15% in the last year but appreciated 36.0% in the last 3 years and 37.8% over the last decade.

Real Estate Experts Opinion

Erandwane, Pune, is perfect for luxury living and strong connectivity. It boasts top amenities and stable property appreciation, and stands out with upscale residential and commercial options. It’s close to crucial educational, healthcare, and cultural spots. For a return on investment and an enriched urban lifestyle, Erandwane is a prime choice, whether buying or leasing property.