Overview of Lonikand, Pune

Location and Connectivity

Lonikand is in the northeastern part of Pune, with great links to many parts of the city. The Pune-Ahmedabad Highway runs through this area, giving easy access to different city areas. The Manjari Railway Station is about 17 kilometers away, and the Shivajinagar Metro Station on the Purple Line is roughly 25 kilometers away.

Infrastructure and Amenities

• Lonikand has a good social and economic infrastructure, making it appealing for buyers and renters.
• The area is near several important marketplaces, schools, and medical centers, ensuring a high quality of life.
• Shops, hospitals, clinics, parks, cafes, and eateries are all close by, making life comfortable and convenient.

Real Estate Market

• There are many real estate options in the locality, including 1 BHK, 2 BHK, and 3 BHK apartments, as well as new projects.
• Projects like AP Pinnacle Phase 2 by A P Construction offer units spread over 0.39 acres, with configurations including 1 RK, 1 BHK, and 2 BHK apartments.
• Property prices vary, with 56% of properties for sale in the range of ₹20 Lac - ₹40 Lac and 28% priced up to ₹20 Lac. The most common configuration is 1 BHK.

Rental Options

• There are several flats available for rent in gated communities, such as Maple Aapla Ghar Lonikand and Goel Ganga Vatika.
• Rental prices start from around ₹5,000 to ₹15,000 per month for unfurnished 1 BHK apartments with no extra maintenance charges.

Development and Future Prospects

• The area is seeing major improvements, including the Pune-Ahmednagar highway and the proposed ring road, which are expected to boost development prospects for various industries.
• These infrastructure projects will likely increase property values in Lonikand, making it a good time for investment.

Challenges

• Despite its many benefits, Lonikand faces issues such as traffic congestion on major routes and reports of theft incidents in some areas.

PropertyWala's Conclusion

Lonikand, Pune, is a highly favorable locality for buying and renting properties due to its excellent connectivity, strong infrastructure, and proximity to key amenities. While it has some challenges like traffic congestion and security concerns, the ongoing and proposed infrastructure developments make it an attractive option for long-term investments. The variety of real estate options, including competitive pricing and modern amenities, further enhances its appeal as a desirable place to live in Pune.