Real Estate Examination of Kharadi, Pune

Kharadi, Pune has turned into one of the most productive and evolving real estate markets in the city. It presents a compelling prospect for both purchasers and individuals seeking to rent.

Prices of Properties

The average price of property in Kharadi is roughly ₹10,350 per square foot, spanning from ₹5,217 to ₹16,904 per square foot.

• Apartment prices vary from ₹42 lakhs to ₹65 lakhs for a 1 BHK, and more for bigger setups.
• Prices for land range from ₹700 to ₹3,200 per square foot.

Market Advances

Kharadi has experienced notable growth in property values over time. The area has seen a 14.74% rise in property rates in just one year, and about 35.3% rise over the past three years. Five years ago, the rise was a massive 48.9%.

• This rise primarily comes from the area's shift from an industrial zone to a busy residential and commercial area, helped by IT-ITeS companies and the EON IT Park.

Demand and Supply

There's lots of interest in homes in Kharadi, especially among IT workers. Around 30% of Pune's projects delivered between 2013 and 2017 were based in Kharadi, showing how popular it is and how it's growing.

• The area provides various property types, including apartments, builder floors, independent houses, villas, and commercial spaces to match differing buyer desires.

Amenities and Infrastructure

Kharadi's location near Pune Airport enhances its appeal. It has great links and has modern residential complexes, amenities, and nearby commercial places.

• Gated communities, proper-kept properties, and amenities like schools, hospitals, and shops make it a desirable spot to live.

Rent Market

Renters can find different options like furnished and semi-furnished apartments, independent houses, and commercial properties. Rental prices cover a wide range - affordable to luxury - depending on property type and location.

PropertyWala's Final Judgment

Given the sharp rise in property prices, the high demand fueled by the IT sector, and the evolving infrastructure, Kharadi, Pune is a fantastic pick for both buyers and renters. If looking for a residential or a commercial property, Kharadi's dynamic real estate market provides great investment returns and a pleasant living environment. The area's ongoing development and strategic location make it a notable part of Pune’s real estate scene.