+ Welcome to GERA, LET'S OUTDO

Is Kharadi, A Booming Market For Real Estate

Real Estate Trends | 26th July, 2023

Investing in property in Kharadi will give handsome rentals as well as price appreciation over the coming years.

Pune is evolving and growing as a major IT and manufacturing hub. It is home to many MNCs across industries and is poised to keep growing 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 real estate to meet the growing need for commercial and residential properties. Kharadi is one such locality that cannot be called a new market, yet is one of the fast-growing regions of Pune that is gaining popularity for investors and home-buyers alike. The region is seeing an expansion of the IT and manufacturing and 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

Kharadi houses some of the major IT parks in Pune - EON Free Zone, Zensar Park, and Gera Commerzone to name a few. Pune’s World Trade Center is also located in Kharadi. IT majors like Wipro, Barclays, and TATA amongst others, have their offices here.  It is also 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.

Connectivity

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. A metro corridor has been planned from Hadapsar to Kharadi under Pune Metro Phase II, which will augment the location’s marketability. The authorities have planned road revamps of the locality at a cost of 123 crores. The beautification of parks, jogger’s tracks, and children’s play area are other projects focussed on improving the attractiveness of Kharadi real estate. 

Social Amenities

Kharadi has many noteworthy schools and educational institutes, hospitals, and retail complexes. As most of the population belongs to the working population one can witness a metropolitan lifestyle with many options for recreation. Malls, restaurants, multiplexes, and shopping complexes ensure a good social life. Kharadi has an ideal social ecosystem that makes sure its residents live a comfortable life. These factors propel developers to build new flats in Kharadi to meet the demands of a growing working population.

High Returns

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. There are many under-construction residential projects offering beneficial investment deals in the Kharadi real estate market. 

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 one looks for to live a fulfilling and comfortable life. Investing in property in Kharadi will give handsome rentals as well as price appreciation over the coming years.

Leave A Reply

Your email address will not be published. Required fields are marked *


Build Your Business Success At Imperium Star

Real Estate Trends | 30th March, 2020

The golden rule in real estate, especially commercial real estate, is location, location & location. Investing in the right location for business can well be the foundation of a successful venture.

Row Houses And Apartments: Pros and Cons

Real Estate Trends | 30th March, 2020

Selecting the right property can be a dilemma for most homebuyers. Every type of property, be it an apartment or a row house or an independent bungalow, has certain pros and cons that need to be taken into consideration.

Statistics Bring Optimism for Builders in Pune and Goa

Real Estate Trends | 1st November, 2014

Builders in Pune are excited about the trend of real estate preferences that are increasingly favoring the city....

Gera Carve a Place for Themselves in the Real Estate in Pune

Real Estate Trends | 6th October, 2014

The real estate in Pune has reached newer heights. and has evolved drastically over the years. It has gone far beyond the basic concepts of property buying....
Less
About Gera

Welcome to Gera Developments, creators of premium residential
and commercial projects.

We strive for excellence and our
main objective is not just to meet the expectations of our customers but to surpass them.