Situated in the west of Maharashtra, Pune is the eighth largest metropolis in the country. Be it education, working culture or real estate, Pune has always remained a dream destination for every person. Pune is blessed with traditional old economy industries that continue to play a pivotal role towards growth and development of the city.
Government and private sector, Research Institutes, Manufacturing and Information technology are the pillars of Pune’s economy. Due to the rapid growth of its industrial sector, Pune has become one of the prime hot spots for property investment in recent times. Pune has always attracted buyers of various segments may be HNIs (High net worth individuals) or NRIs (Nonresident Indians). Because of this, more and more people prefer to buy a home in Pune rather than Mumbai.
In the case of the luxury segment, Pune is home to unmatched property. So, if you are keen on investing in a higher priced property, then take a looks at expensive localities of Pune:
Boat club road
Located in Pune’s city center, Boat club road provides one of the most high end and luxurious residences. Numbers of projects are coming up in the region while some are few awaited. The area is located close to railway station, airport, and Pune- Mumbai highways. One can easily find 3-5 BHK residences here. The average property price here cost above 3 crores. On the other hand, rental rates cost more than 50,000 per month.
Senapati Bapat Road
With well-developed infrastructure and excellent amenities, Senapati Bapat Road is popular among luxury segment buyers. A lot of IT and BPO companies like Cross Country Infotech, BMC Software, Persistent Systems, MWH Global and Cognizant Technology Solutions have huge infrastructures on this road. This locality too is a mix of 3-5 BHK apartments. While average property rate cost here around Rs 14,000 sq. ft, rental rates range between 25000 to 35000.
Located in the south of Mula-Mutha River in Pune, this area is viewed as one of the most prestigious addresses in Pune. The area is primarily a residential area with lush greenery, but of late has been growing into a commercial marketplace too. It holds the record for the maximum number of bungalows in one place and most of its residents are among the wealthiest in the country, who get away from the city life to be surrounded by greenery.
Located in the east of Pune city, the area in today knows because of development of highly luxurious trump towers. Due to rapid development and improved accessibility to other areas, this area has gained popularity among the elite buyers. This area has proximity to both Pune railway station as well as Airport.
Situated in the north-west of Pune, Aundh is an affluent suburb which has significantly developed in the residential hub in recent times due to its close proximity to the University of Pune and the Software Technology Parks of India complex at Hinjewadi. The residential real-estate prices in this area have seen a huge uptrend due to its connectivity to Mumbai-Pune expressway and Shivaji Nagar. One can buy a premium residence here at a cost of 1 crore onwards while Luxury residences price is around 3 crores onwards.
So if you have money and want to become one of the premium property owners, then these posh localities of Pune are the best address for you.