With much infrastructure development in Pune, one major change which the city is going to see in future will be the all-new Pune International Airport which is all set to expand its services through a proposed terminal. Currently, the airport is among the top 10 busiest airports in the country handling around 8 million passengers annually.
While this development will be a boon for the city at the same time, it will also give a boost to the real estate market of the adjacent areas. Here is a list of top 5 localities near Pune International Airport where investing can offer a good return too:
Located in the eastern corridor of Pune, Viman Nagar is just a kilometer away from the existing Pune International Airport. Viman Nagar is well-connected to other parts of Pune and Mumbai through rail, road and air transport. The social infrastructure and civic amenities of the area are among the best in the city. Some of the most reputed educations institutions like Symbiosis School for Liberal Art, Symbiosis Law School, and Air Force School falls in this area. The locality is also home to leading hospitals, and three prominent shopping malls.
Due to the presence of the Airport, the area has seen a large influx of many reputed developers offering best residential projects. The locality has over 110 ready-to-move-in projects and much more are in the construction stage. The starting price of apartments here is Rs 48.34 lakh while the maximum is 5.20 crores.
The USP of the locality is the newly proposed terminal for the international airport. Once it will start function, the property prices here are sure to take off. Lohegaon offers smooth connectivity to other areas via rail, road and bus transport. Due to well-developed infrastructure and presence of all the basic facilities, many developers and end-users have invested here.
The average price of an apartment in Lohegaon is Rs. 4,047 per sq. ft. While the minimum price of a residential flat is 3,350 per sq. ft., the maximum price is Rs. 4,600 per sq. ft.
Located at a distance of 5 km from the Pune International Airport, Wadgaav Sheri is an upmarket and posh residential locality in Pune with real estate prices being quite high. Wadgaav Sheri is home to IT companies like Mindcrest India Private Limited, Mlogica Computech India Private Limited, E-Space IT Park etc.
The locality boasts several reputed schools, hospitals, and recreation centers. With the fast-growing infrastructure, the property prices of existing and upcoming residential properties in Wadgaon Sheri noticed a good increase in the last few years. The average price of an apartment per sq. ft. is Rs 6,050 with unit sizes ranging from 560 sq. ft. to 2,881 sq. ft.
Kharadi is a suburb located on the banks of the Mula-Mutha River and is known for its IT Parks such as EON IT Park, Zensar IT Park, SSR IT Tower and other hubs such as The World Trade Center. Located at a distance of 6.3 Km from the Pune International Airport, the locality is favourite among the tenant community. Kharadi is a mix of both affordable and luxury residential projects.
The average property price here is Rs 5,997 per sq.ft. and the starting price of apartments here is 21.8 lakh.
Wagholi is located on the Pune-Nagar Highway close to the Kharadi IT hub. The region has seen rapid development in terms of real estate, social infrastructure, and education sectors. Due to which it is becoming a prime residential hub among both developers as well as property buyers.
In last few years, infrastructural developments in Wagholi took place at a swing mode due to which the property market is on the boom with many home buyers flocking to the region. The average property price here is Rs 4,079 per sq. ft. The starting price of apartments here is Rs 23 lakh.