Are you looking for a residential property in Pune under the budget range of Rs 30 lakh? Check out Shivane. It is a location which is fast emerging up as a preferred destination for home buyers as well as investors.
The best part is that the location has an abundant supply of good quality apartment projects which are offering ready-to-move-in properties. That means you do not have to wait for possession. All you need is to find out the property matching your expectations and close the deal. You can move in immediately in your own house in a matter of a few days.
Where do Shivane properties score in terms of livability?
Shivane is situated in the South-West part of the Pune city. The locality offers you a serene environment away from the hustle and bustle of the city. It is based on the banks of the Mutha river.
The location is an emerging one but it does enjoy proximity to Pune railway station which is merely 14 kms from this locality. That in itself is a great advantage.
Due to the huge campus of the National Defense Academy (NDA) in this locality, the residents have no concern about the safety and security related matters. One can roam around in the locality in the late evenings without an iota of concern.
The location offers a decent level of social infrastructure with a number of educational institutes, healthcare centres, shopping complexes and entertainment zones.
What about connectivity?
Those who buy residential properties in Shivane can expect smooth connectivity to the other parts of the city. As a matter of fact, one can reach out all the major locations within the city in a matter of 15-60 minutes. Shivane falls right near the Pune Bangalore Highway and Mumbai Pune Bypass Road and this is why commuting within the city is not a big deal. No doubt the location offers superior road connectivity.
The commercial destination of Koregaon Park is situated at a distance of 18 kms and can be reached in within 45 minutes during peak hours. In the off hours, this distance can be covered in about 30 minutes. Hinjewadi can be accessed in some 30 minutes, if you take the National Highway 48 (NH48) route.
Thanks to the decongestion on roads in Pune, moving within the city, unlike most large cities and metropolitan cities, is not a time consuming activity.
Therefore, even if you work at prime commercial locations such as Koregaon Park, Bund Garden or Shivaji Nagar, you can consider buying a residential property in Shivane as the property prices are quite affordable. Nevertheless there are better chances of appreciation in capital values as the current prices are low and there is a room for growth. In short, Shivane properties are not the subject of an overheated market.
On an average, a 1,000 sq ft apartment can be purchased at Rs 30 lakh as the prices of residential properties in Shivane hover in the range of Rs 2,800-4,200 per sq ft.