Location Of The Month | 11th December, 2023
Pune stands as a crucial IT and manufacturing hub, hosting numerous multinational corporations across diverse industries, and is poised for significant growth in the foreseeable future. This potential has catalyzed the city's infrastructure development, expanding into lesser-known regions surrounding it. These expansions are giving rise to new micro markets, meeting the escalating demand for both commercial and residential properties. Among these emerging areas, Kharadi stands out, not only as a fast-growing region but also as a sought-after destination for both investors and homebuyers.
Kharadi boasts major IT parks such as EON Free Zone, Zensar Park, and Gera Commerzone. Housing Pune's World Trade Center and offices of prominent IT giants like Wipro, Barclays, and TATA, the region's strategic proximity to vital employment hubs like Magarpatta, Keshav Nagar, and Mundhwa enhances its appeal. Key connecting roads, including Beed-Ahmednagar Pune Road, Kharadi South Main Road, and Fountain Road, are witnessing a surge in new offices and retail establishments.
With excellent road connectivity to major commercial and residential areas such as Koregaon Park, Viman Nagar, Wagholi, Magarpatta, Kalyani Nagar, Hadapsar, Cyber City, Chandan Nagar, and Mundhwa, Kharadi is becoming a hub of accessibility. The upcoming metro corridor from Hadapsar to Kharadi, part of Pune Metro Phase II, further enhances its marketability. Substantial investments of 123 crores are earmarked for road revamps, while park beautification and the development of jogging tracks and children's play areas aim to augment the overall attractiveness of flats in Kharadi.
Kharadi is equipped with noteworthy schools, educational institutes, hospitals, and retail complexes, creating a conducive environment for the working population. The presence of malls, restaurants, multiplexes, and shopping complexes ensures a vibrant social life. With an ideal social ecosystem, to address the needs of its residents, developers respond with the construction of new 2 BHK flats in Kharadi to accommodate the growing working population.
Over the past two decades, Kharadi's property market has witnessed substantial appreciation, with an expected yearly appreciation rate of 12% in the coming years. This growth is closely tied to the development of IT parks, offices, and manufacturing units. Several under-construction residential projects offer attractive investment opportunities in Kharadi's real estate market, with 3 BHK flats in Kharadi presenting a particularly promising option.
Situated near the Mula Mutha River and surrounded by dense hilly regions, Kharadi combines urban convenience with natural serenity. Fulfilling the criteria for a comfortable life, investing in property in Kharadi not only promises substantial rentals but also anticipates robust price appreciation in the years to come.
In keeping with the above factors, Gera Developers, the leading real estate developer in Pune, has many ongoing and completed projects in Kharadi. With an emphasis on trust, quality, innovation, and customer delight, Gera Developers offers apartments that fit the unique needs of the different home buyers. From premium residential apartments, duplexes, and villas to child-centric homes, Gera Developers is changing the landscape of Kharadi with their innovation and customer-centric approach.
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