Overview of Lohegaon, Pune

Lohegaon, found on Pune’s eastern side, is quickly growing and very popular in the real estate market. Let’s explore this area from a real estate point of view in detail.

Location and Connectivity

• Lohegaon is famous for housing Pune International Airport. It’s a favored spot for those needing easy air travel.
• It’s surrounded by Dhanori, Viman Nagar, Chandan Nagar, Kharadi, Charholi Budruk, Alandi, and Wadgaon Shinde.
• The area has great access to public transport using Lohegaon Road and Dhanori Road. These lead to the Beed-Ahmednagar-Pune Road through the Lohegaon-Wagholi Road.
• It’s near major railway stations, like Pune Junction, which is about 9.9 kilometers away.

Property Rates and Trends

• The average property rate in Lohegaon is ₹6,109 per square foot, starting from ₹651 and going up to ₹10,714.
• Apartments’ prices range from ₹4,850 to ₹7,350 per square foot. A 1 BHK flat costs between ₹21 lakhs to ₹43 lakhs. 2 BHK flats are priced higher.
• Land rates lie between ₹700 and ₹3,400 per square foot.

Appreciation and Growth

• Property rates have jumped 26.23% over the past year and 40.7% since the last 10 years for flats.
• Land rates have gone up 20% in the past year and 118.2% over the last decade, suggesting robust growth potential.

Infrastructure and Amenities

• Even with its expansion, Lohegaon has problems like bad roads, lack of water and civic amenities. Residents protest these issues. The PMC promises to fix them.
• There are lots of educational places like Pune International School, Air Force School, and many preschools and high schools.
• The area has medical facilities like Midpoint Hospital, Rakshak Hospital, and Dr. Bohr’s Mother & Child Care Clinic.
• Shopping centers like Om Sai Shopping Center, Phoenix Market City, and Louis Philippe Inorbit Mall are around.

Rental Options

• If renting, Lohegaon offers flats, houses, builder floors, and villas. Prices vary: ₹9,000 for a 1 BHK semi-furnished and ₹23,000 for a 2 BHK unfurnished.

PropertyWala's Conclusion

Lohegaon, Pune, has a lively real estate market promising growth and appreciation. With great connectivity and amenities, it remains attractive for investors and residents. Even if it has some infrastructure issues now, the PMC plans to tackle these, keeping Lohegaon a good spot to live or invest. Its rich setup of schools, hospitals, and shopping makes it even more appealing as a living or investment area.