Overview of Ranjangaon, Pune

Ranjangaon, in Pune's suburban areas, has a mix of industrial and residential options. Here's a detailed look from a real estate angle:

Property Rates

• Properties in Ranjangaon average at ₹3,475 per sqft, with prices ranging from ₹2,892 to ₹4,500 per sqft.
• Flats are going for about ₹3,900 per sqft on average, according to 99acres. The land rates are ₹550-900 per sqft.

Property Types and Availability

• Different options here include apartments, villas, builder floors, and various land sizes.
• There are more than 35 properties available for purchase, mostly in the resale market.

Infrastructure and Amenities

• Industrial Infrastructure: Midc Ranjangaon is a key industrial area, housing firms like Whirlpool, LG, Tata Steel Processing, and more. The place is packed with top-notch infrastructure, from compliant spaces to optic fibre links, stable power and water supply, and high-quality roads.
• Residential Amenities: Basic stuff like schools, hospitals (especially Narwade Hospital), and temples (Mahaganpati Ashtavinayak Temple) are here. However, there are no government hospitals and some areas have issues with electric power and drinkable water.
• Connectivity: Positioned near the Pune-Ahmedabad highway and Mumbai Pune Expressway, the area enjoys good intercity connectivity. It also sits close to big transportation hubs like JNPT, airports, and railway networks.

Lifestyle and Environment

• Public Transport: Folks have lauded the handy public transport in the locality.
• Roads and Connectivity: The roads are in good shape, making for smooth transportation.
• Environmental Concerns: Lack of trees in MIDC. Some newer housing projects are adding green spaces.

Market Trends

• Price Appreciation: Property rates have upped by 30% over the past 10 years but saw a 43.95% fall over the last year in certain areas.
• Popular Configurations: 1 BHKs are most desired, especially for deals under ₹50 Lacs.

Pros and Cons

Pros:

• Excellent public transport
• Roads are nicely maintained
• Good industrial and job opportunities
• Great connectivity
• Variety of property types

Cons:

• No government hospitals
• Electric and water supply in some areas can be problematic
• Limited green spaces and plantations

PropertyWala's Conclusion

Pune's Ranjangaon provides a blend of both industrial and residential real estate possibilities. The area's solid infrastructure and connectivity are top points, but market price drops should be taken into account. It's a good fit for people hunting for reasonable housing or planning to invest in burgeoning industry. Environmental and amenity-related issues need to be kept in mind when making a decision. Overall, given its strategic positioning and industrial potential, Ranjangaon can be a sound choice.