Real estate sector is going through a big transition phase from being an unregulated sector to one with a regulator. When we talk about Pune, it has been witnessing a rapid real estate developmentand is now quickly expanding at its fringes in every direction. Increasing demand in the residential real estate sector has opened the gateways for residential development in many areas of Pune, specifically in East Pune. East Pune is known for its elite, exclusive and enormous, residential locality which has witnessed a tremendous growth over the past decade. Once known as fringe areas, many locations on the eastern part of Pune are emerging as realty hotspots. Skyscrapers, improved infrastructure and emergence of IT parks and commercial establishments have changed the face of Pune East.Towering structures, expansive townships and top-of-the-line residential and commercial projects have brought about a transformation in the Eastern corridor of Pune. Once limited to Camp and Koregaon Park, the eastern corridor has expanded its horizons to Kalyani Nagar, Hadapsar, Kharadi, Vimannagar, Airport Road,Mundhwa,Wagholi, Chandanagar and so on which are now seen as some of the best residential areas to stay in Pune.
So what makes Eastern Pune favorable for house hunters?
• Improved Accessibility
Improved roads and better transport have made Eastern Pune easily accessible. With the massive growth in Hinjewadi, many IT companies have chosen new locations on the eastern parts of the city. Some sprawling townships have brought about immense tradition in the Eastern Pune.
• Favorable for Corporates
For Corporates, East Pune is a sought after destination owing to ample availability of land, multiple choices of location, reasonable rates, educational institutes etc. Corporate structures and culture have given Pune East a new identity.
The area’s proximity to the railway station and the airport, easy accessibility and connectivity has contributed towards its growth. The boom in corporate structures has paved way for residential realty market. With retail spaces, hospitals and schools and colleges coming up, Eastern Pune is a preferred choice for many looking to settling down in Pune.
East Pune residential locations to watch out for:
1. Koregaon Park
Koregaon Park has become a prime location for residential property seekers due to its proximity to Kalyani Nagar – one of Pune’s primary IT/ITeS hubs. Koregaon Park is arguably the swankiest and among the most expensive real estate destinations in Pune.
2. Kalyani Nagar
Kalyani Nagar has emerged one of the most prominent residential real estate destinations on the Eastern Corridor of Pune. Its strategic location between Koregaon Park and Viman Nagar and its proximity to the airport, railway station and close connection to Kharadi and Hadapsar makes it an ideal destination for IT/ITES companies. The Pune-Mumbai Expressway has been another major contributing factor.
Mundhwais a rapidly developing location and Keshav Nagar one of the prime area benefits from proximity and easy accessibility with established destinations such as Koregaon Park, Kharadi and Hadapsar.Keshav Nagar has the advantage of affordability, ambient greenery, peaceful city life and availability of land parcels for new construction. Its proximity to IT/ ITeS hubs at Kharadi, Kalyaninagar and Magarpatta and quick driving time have helped in Keshav Nagar emerging as a preferred destination for IT/ITeS employees.
4. Viman Nagar
Viman Nagar included areas such as Vishrantwadi and Nagar Road which has the Pune Airport in itself. Yerwada, and Vishrantwadi are some of the adjoining areas off Nagar road. A number of townships have sprung up out here and can no longer be considered the outskirts of Pune! It is Viman Nagar where top of the line shopping, recreation and sprawling five stars have been established.
Kharadi in the recent scenario is the biggest market of the real estate as it offers all kind of properties in the area. It offers you the budget properties as well as the luxurious properties.Kharadi is becoming the big IT hub in Pune; Eon IT Park is one of the best examples for it. Apart from this the companies like Zensar has already put the step in the location. It is accessibility location to airport, railway station and areas like Kalyani Nagar, Hadapsar which makes Kharadi a convenient destination.
Known as the IT and ITES hub of Pune, Hadapsar, is one such area which has undergone an immense alteration. The Magarpatta city and Fursungi IT Park are standout names in this city. From the residential point of view, there are loads of entertainments and recreational facilities and the development in the real estate make it a good option to settle down.
In a nutshell, Eastern fringes of the city continue to grow. Eastern Pune continues to remain lifestyle destination that keeps enhancing the city’s luxury quotient. Towering establishments, located at a stone’s throw from each other, have given Eastern Pune a facelift. If you are looking at making Pune East your home, look no further than Konark Karia Builders.
So, tell us, which locality is just the right one for you? If you haven’t shortlisted yet, we can guide you in choosing the best housing property at Konark Karia that is a perfect mixture of space, comfort, and accessibility.
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