Overview of Kesnand, Pune

Location

• Kesnand is situated on the eastern side of Pune, specifically in the Wagholi area, which is famous for its rapid growth and development.

Infrastructure and Amenities

• The locality has essential amenities like nearby schools, malls, a railway station, and a hospital.
• The environment is excellent with minimal pollution.

Property Rates and Trends

• The starting price of properties in Kesnand is around Rs. 266 per sqft. The average price is about Rs. 4,073 per sqft.
• The price range is from Rs. 2,857 to Rs. 6,025 per sqft.
• Property prices have decreased over the last year, with a 2.65% drop in the last 1 year.

Property Types and Preferences

• Properties between 500-750 sq.ft. are mostly in demand here.
• Available property types include apartments, independent houses, bungalows, and villas.

Residential Projects

• Some top residential projects in Kesnand are:
  • Gagan Aviva
  • Optima Heights
  • Urban Magnum Iris
  • Ravinanda Towers
  • Cozy Karishma
  • Shri Sai Hills.

Market Activity

• There have been 60 property registrations in the last 6 months, showing ongoing activity in the real estate market.
• The locality offers both new and ready-to-move properties from top developers like Gagan Developers, Sigma Realty, and Urban Homes Builders.

Pros of Investing in Kesnand, Pune

• Prime Location: Located in a rapidly growing area with good connectivity and amenities.
• Variety of Properties: A range of residential options from affordable to luxury homes.
• Infrastructure: Presence of schools, malls, railway stations, and hospitals.
• Environmental Quality: Minimal pollution, making it a healthy living environment.

Cons of Investing in Kesnand, Pune

• Price Fluctuations: Recent decrease in property prices, which might affect short-term investment returns.

PropertyWala's Conclusion

Kesnand, Pune, offers a promising real estate investment opportunity due to its prime location, robust infrastructure, and variety of residential projects. Despite the recent decrease in property prices, the area's long-term growth prospects and excellent living environment make it an attractive choice for both buyers and renters. It is advisable to monitor price trends and consider the current market conditions before making a decision.