Living near upmarket areas such as Koregaon Park and Kalyani Nagar might be on the priority list for many home buyers, however, there is very limited availability of residential properties in Pune around these locations.
Owing to the fact that these are the most prime destinations from real estate market point of view, the residential properties in Koregaon and Kalyani Nagar are touching sky-rocketing price levels.
This is why, the residential properties in Koregaon are out of reach for a large number of property buyers in Pune. So, what is the best way out? Should you just forget about these locations and zero in on some far-flung areas from the city?
Wait a moment! We suggest you to consider residential properties in Keshav Nagar. This locality is located at a distance of 6 km from both Koregon and Kalyani Nahgar. Here you can get a 1,200-sq ft 2BHK apartment at Rs 60-65 lakh. The average prices range in the bracket of Rs 4,500-6,000 per sq. ft.
Due to proximity to commercial business centers, residential properties in Keshav Nagar gained traction quite fast. A number of investors sensed the opportunity and bought properties in Keshav Nagar during the 2000-2015 period. Due to this, the locality had quite a substantial number of properties occupied by property investors. Slowly and steadily, the residential properties in Keshav Nagar are getting opened up for sale.
Thanks to a slowdown in the market, the investors who blocked several properties in Keshav Nagar are now ready to sell off their units, thus presenting an opportunity to home buyers who wish to buy residential properties for their end use.
Proximity to Koregaon and Kalyani Nagar is not the only factor that make us recommend you this locality. This locality also enjoys seamless connectivity with the other prime employer bases such as Magarpatta and Kharadi. Boat Club is situated at a distance of merely 8 kms.
Keshav Nagar offers a well-built physical as well as social infrastructure comprising of roads, schools, hospital, shopping complexes, entertainment zones and other conveniences. There is no concern with regard to public transportation which is easily accessible for most hours of the day.
Many people first take residential properties in Keshav Nagar on rent and then take a decision to buy the best-possible one for themselves. Currently, the rental values for 2BHK apartments are in the range of Rs 12,000-22,000 a month, while 3BHK apartments are available in between Rs 15,000-25,000 per month.
It does make sense for you to opt for a rental property at this location and then go for a capital transaction. By the time, you can also judge the place in terms of livability, commutation and other necessary aspects that impact your daily life.
As this area is emerging destination for home buyers, the level of physical infrastructure is not at par with the nearby locations, however, with rising occupancy levels the government authorities are taking a note of the requirements and pressing need of infrastructure development in the location. Keshav Nagar falls under the ambit of the Pune Municipal Corporation (PMC) and thus it is subject to smooth development in the coming times.