Overview of Upper Kharadi, Pune

Place and Growth

Upper Kharadi is part of Pune, set in the east side. It's turned from an industrial zone into a buzzing residential and commercial center. Its spot on the Eastern Metropolitan Corridor makes it attractive for buyers and renters.

Property Prices

• Starting price of properties in Upper Kharadi? Around Rs. 6,500 per square foot.
• Average price? Roughly Rs. 7,248 per square foot.
• Prices? They start from Rs. 6,500 and go up to Rs. 7,798 per square foot.

Market Trends

• Not like other spots in Pune, Upper Kharadi has seen a yearly drop in property rates. It’s gone down by 15.59% just this last year. So, it’s becoming a more budget-friendly choice for people looking to buy.

Money-Making Potential

• Despite the drop, Pune's property market is on the climb. So, Upper Kharadi might still be a smart, long-term investment.

Services and Infrastructure

• It’s close to big job spots like Magarpatta, Keshav Nagar, and Mundhwa. All within 10 km.
• Many business and tech parks exist here, like the EON Free Zone. But most are in the bigger Kharadi area.

Supply and Demand

• There are 257 properties listed for sale in Upper Kharadi. That means a decent amount of homes are up for grabs.

Benefits and Drawbacks for Buyers and Renters

Advantages

• Cost-Effectiveness: Compared to other areas in Kharadi, Upper Kharadi has lower prices, making it easier for potential buyers.
• Connections: There's good linkage and closeness to key job spots and business parks.
• Home Options: There are different types of homes, from affordable to fancy.

Downsides

• Current Market State: The drop in property rates recently could mean slower price growth for a short while.

PropertyWala’s Thoughts

Upper Kharadi, Pune, combines affordability, good infrastructure, and a great location, making it a good choice for buying or renting. Despite the market’s recent drop in rates, future growth looks good, thanks to its spot in the Kharadi market and Pune’s progress. Buyers and renters should think about today’s prices and what the future holds.