Location Of The Month | 20th January, 2024
Pune is an important IT and manufacturing hub. It is home to many MNCs across industries and is poised for rapid growth in the coming years. These potentials have triggered the infrastructure development of the city expanding its boundaries into lesser-known regions near the city. The expansions create new micro markets for developers in Pune to meet the growing need for commercial and residential properties. Kharadi is one such locality that cannot be called a new market, yet it is one of the fast-growing regions of Pune gaining popularity amongst families who’d like to settle down. The region is seeing an expansion of the IT and manufacturing, retail, and hospitality sectors. Its connectivity to other major hubs, commercialization, and premium property development has made it one of the leading destinations for investment.
Leading IT Hub
EON Free Zone, Zensar Park, and Gera Commerzone are major IT parks in Kharadi. Pune’s World Trade Center is situated here. IT majors like Wipro, Barclays, and TATA amongst others, have their offices here. It is close to other important employment hubs like Magarpatta, Keshav Nagar, and Mundhwa. Important connecting roads like Beed-Ahmednagar Pune Road, Kharadi South Main Road, and Fountain Road are emerging with new offices and retail avenues. These facts ensure the availability of employment as well as business opportunities for residents of the area, an assurance for the working members of families living in 2 BHK flats in Kharadi.
Kharadi is well-connected by road to major commercial and residential areas like Koregaon Park, Viman Nagar, Wagholi, Magarpatta, Kalyani Nagar, Hadapsar, Cyber City, Chandan Nagar, and Mundhwa. The upcoming metro corridor from Hadapsar to Kharadi under Pune Metro Phase II, will augment the location’s marketability. The authorities plan to invest 123 crores for road revamps in the locality. This will be favorable to every member of residing families who needs to access workplaces, schools, colleges, and markets every day. The beautification of parks, jogger’s tracks, and children’s play areas will improve the attractiveness of Kharadi for families planning to settle here.
Kharadi has many noteworthy schools, educational institutes, hospitals, and retail complexes. As most of the working population enjoys a metropolitan lifestyle there are many options for recreation too. Malls, restaurants, multiplexes, and shopping complexes ensure a good social life. Kharadi has an ideal social ecosystem that makes sure families live a comfortable life. 3 BHK flats in Kharadi are the preferred configuration by families living here.
The property market of Kharadi has seen major appreciation over the past two decades. The appreciation is expected to be 12% yearly in the coming years. The appreciation is mostly dependent on the development of IT parks, offices, and manufacturing units. Many under-construction residential projects are offering beneficial investment deals in the Kharadi real estate market. The 3 BHK flats in Kharadi are a good investment option for families and investors.
Safety and Security
The importance of safety and security for families with children cannot be underestimated. A locality that has a low crime rate and safe surroundings is essential for decent families to live and flourish in the projects in Pune. The residents of Kharadi have rated the locality 4.3 out of 5 for safety. One can rest assured that ladies and young children can comfortably live in Kharadi without being worried about unwanted events.
Kharadi’s proximity to the Mula Mutha River and dense hilly regions make it a perfect combination of an urban location amid natural surroundings. This locality in Pune checks all the boxes that families look for to live a fulfilling and comfortable life.
Pune checks all the boxes that families look for to live a fulfilling and comfortable life.
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