If someone had invested Rs 70 lakh in Kothrud a couple of years ago, it would have generated returns to the tune of at least 12 per cent by now. In a reportedly slow market, the 1,000 sq ft flat in a multi-storey building which was selling at Rs 70-72 lakh in September 2015 is now priced at Rs 82-85 lakh.
Here is a snapshot of the factors which are turning in the favour of this locality.
Seamless connectivity: Kothrud lies between Karve Road and Paud Road. Once you are on Paud Road, you can access Chandani Chowk and the localities which fall in between. This road ultimately connects with the Pune-Mumbai Highway and that comes up as a major advantage.
Karve Road, on the other hand, goes till Warje and covers a large part of the city. With respect to public transportation facilities, Kothrud has two bus depots serviced by the Pune Mahanagar Parivahan Mahamandal Ltd. This way, Kothrud is well-connected to all the major parts of the city.
Further, one can reach the city railway station, which is roughly 8 km from this locality, in a matter of 25-30 minutes. Reaching the airport may take time. It is 15 km from the city, however, given the decongested traffic scenario, one can cover this distance in about 45 minutes during prime hours.
Proximity to commercial hubs: Kothrud was primarily a commercial hub and gradually became a mixed development destination with residential properties. People who were working with companies such as Kirloskar, Cummins and Harbinger Systems preferred to stay near their offices which were located in Kothrud.
As per industry estimates, more than 2 lakh people reside in Kothrud today and most of the residents have opted for this location because of proximity to their workplaces.
Social Infrastructure: The locality has more than 12 health care centres including Deoyani Super Speciality Hospital, Sahyadri Hospital and Sutar Hospital, which is run by the Pune Municipal Corporation (PMC). Moreover, over a dozen restaurants and food joints are located within the area.
At the same time, residents of this locality do not have to resort to other places when it comes to education and training, as there are several educational institutes situated in and around the locality.