Pune, also known as an 'Oxford of India', houses six Universities with about 600 functional higher education centers catering to an estimated 5 lakh student population. Pune is popularly nicknamed as 'Queen of Deccan', 'Pensioners Paradise', 'Cultural Capital of Maharashtra', 'Cyber City' etc. owing to its location, pleasant climate, historical importance, vibrant culture and growing IT centers. Pune is basically mapped and indicated with different clusters, Pune West, East, Central, North and South.
For corporate, East Pune is a sought after destination owing to ample availability of land, multiple choice of location, reasonable rates, talent pool, educational institutes etc. Corporate structures and culture have given Pune East a new identity. Skyscrapers, improved infrastructure and emergence of IT parks and commercial establishments have changed the face of Pune East.
Once confined to Camp and Koregaon Park, Eastern corridor has expanded its horizons to Kalyani Nagar, Hadapsar, Handewadi, Kharadi, Vimannagar, Airport Road, Phursungi, Mundhwa, Wagholi, Chandanagar and so on. The area's proximity to the railway station and the airport, easy accessibility and connectivity have contributed towards its growth. The boom in corporate structures has paved way for residential realty market. With retail spaces, hospitals and schools and colleges coming up, Eastern Pune is a preferred choice for many looking at settling down in Pune.
Towering structures, sprawling townships and top-of-the-line residential and commercial projects have brought about a metamorphosis in the Eastern corridor of Pune.
In a nutshell, Eastern fringes of the city continues to grow. While almost all leading realtors have floated state-of-the-art commercial and residential projects, Eastern Pune continues to remain lifestyle destination that keeps enhancing the city's luxury quotient. Towering establishments, located at a stone's throw from each other, have given Eastern Pune a facelift. If you are looking at making Pune East your home, it's the right time.
Kharadi is a prominent growing destination in Pune East.
It is located on the outskirts of Pune, Kharadi has been growing due to strong economic drivers.
Part of the EON Free Zone with 4 million sq ft of IT and ITES ready space in four clusters is already operational in the vicinity. VSNL has already shown keen interest in the new Kharadi SEZ, which is an EON Free Zone in the Maharashtra Industrial Development Corporation Knowledge Park in Kharadi. As a result there has been a spate of residential real estate development happening in this locality. Many leading developers are active in the region to revamp the complete infrastructure.
Since the drivers of this locality are the IT and ITES sectors, which the non-Pune population services, there is robust demand for new residential property in this vicinity.
There is also an active rental market here and therefore a good location for investors looking for regular rental returns. The average capital value at Kharadi stands at about Rs 5000 per sq ft. It also accounts for about 58 per cent of listed property in East Pune and about 51 per cent of the demand because of a good rental demand. It offers a yield of about 2.6 per cent, just short of what an established location such as Magarpatta is offering. Kharadi is now a preferred investment destination after Viman Nagar and Kalyani Nagar. Kharadi has all the advantages of location near the IT and industrial hub, proximity to the airport and railway station.
However, it has been plagued by infrastructural problems such as quality road network and adequate water supply. Waste management too is an area of concern.
KUL Nation - This is a mega township project in Manjri Khurd behind Kharadi IT SEZ comprising 1 BHK and 2 BHK apartments that brings an unprecedented lifestyle to your doorstep. When like-minded citizens come together, amazing things happen at KUL Nation.
Kalyani Nagar in East is the high profile and sophisticated destination.
Kalyani Nagar is an acknowledged commercial real estate destination in Pune. It is situated between Koregaon Park and Viman Nagar has several features that make it popular.
These include proximity to the Airport, railway station and other business hubs such as Kharadi and Hadapsar.
Today it is driven by the IT and ITES professionals and is in demand as a residential destination too.
Premium residential property is available in the locality. The link to Koregaon Park has made it easy to commute from Kalyani Nagar thanks to a connecting bridge which has given a fillip to the retail activity here. It has a strong social infrastructure with shopping malls, retail options, multiplexes and restaurants dotting the area. It is also easily accessible from the Nagar Road. Given its premium location, Kalyani Nagar is an expensive
KUL Sophronia - Get used to getting pampered every single day with these luxurious 2 BHK and 3 BHK flats in Kalyani Nagar. Well-heeled NRIs like you will appreciate the plush apartments at KUL Sophronia.
Kumar Kruti - Reassert the power of your identity with these individualistic 2, 2.5 and 3 BHK flats in Kalyani Nagar. Kumar Kruti puts you very close to Viman Nagar, Koregaon Park, and Magarpatta City.
East Zone has witnessed exponential growth due to several commercial activities, from the above fig. it can be observed that our past 3 projects has seen growth of over 500% due to huge time span from its execution. While currently, our on-going projects like KUL Nation & KUL Scapes has seen tremendous growth since the launch, 20% and 73% respectively.
Pune west is highly encouraged and pampered by the IT sectors. Being closer to Mumbai, Hinjewadi has grown in heaps and bounds in context to IT companies absorption. Name the biggest giants in this sector and they are present here. Close proximity areas like Wakad, Baner & Pimple Saudagar has been the most sought after destination for residing, while Hinjewadi itself brings in the concept of walk to work.
Overview of Hinjewadi, Pune
Hinjewadi is a very good locality. It is close to highway. Transport facility is also good in this locality. School, bannk, IT etc. Hinjewadi is the IT hub of Pune and in demand with IT and ITES professionals from all over the country. It is on the NH-4 bypass around the city close to the Rajiv Gandhi Infotech Park, housing some of the leading IT companies in large format offices. Prominent among them are IBM India, TCS, Hexaware technologies and Cognizant technologies among others.
This has spurred a spate of residential and commercial property development in the locality. It also drives the residential demand across East Pune areas such as Wakad and Baner. However, large-scale investment in real estate in this locality has recently led to a drop in rental values despite significant demand. This is primarily due to large addition in stock.
At present, the rental values in the locality vary from Rs 12000 to 16000 per month for a 2 BHK while a 3 BHK is available at Rs 13000 to 20000 per month.
Despite housing the IT Park, Hinjewadi is currently losing out to neighboring areas such as Baner and Pimple Saudagar because of better social infrastructure such as schools and shopping facilities. It has several residential locations such as Wakad and Baner etc.
KUL Ecoloch - This is KUL's ambitious township project featuring 1BHK, 2BHK 2.5BHK and 3BHK apartments located between Baner, Hinjewadi & Balewadi conveniently close to the IT hub of Hinjewadi. Get the feel of the countryside and an urban setting at KUL Ecoloch.
West zone aka popular IT zone has seen exponential growth as on date across our projects. Phase I of Ecoloch has already doubled its investment for our customers while Phase II is at 38% growth.
Central Pune is located at the confluence of the Mula and Mutha rivers. The Pavana and Indrayani rivers, tributaries of the Bhima river, traverse the northwestern outskirts of metropolitan Pune. Among many localities Karve Rd is a very great localition. And well connected with the other parts of the city. It is well connected by trains, buses and public transports. Commuting facility has improvised in the recent times and makes it sustainable along with habitable. School, bank, ATM and hospital are available nearby the locality. Well know area in Pune City. Adjoining to Karve Road, Law College Road, Deccan Gymkhana, Mahatre Bridge, Erandawane. All well known location IT Park, Sharda Center, hospitals, malls, hotels and market places is surrounded in 1 kms distance. This location is ideal for small office, doctors, classes etc.
KUL's Offering in Pune Central Zone
45 Nirvana Hills - Make your home in the skies with 2, 2.5, 3 and 4 BHK flats at KUL Nirvana at Karve Road. These are among Pune's tallest residential towers featuring luxuries befitting royalty.
Kothrud, the central and heart of Pune is where 45 Nirvana Hills is located. Prestigious project by itself, spoilt for luxury has over-run the basic expectations even before it's touched the market rate. We can see 100% growth here.
Pune South comprises largely of Kondhwa, Hadapsar, Fatima Nagar, Lulla Nagar, Wanowarie & Salisbury Park. This area is highly populated by the education centers and students.
KUL Utsav Celebrate life in all its festivities and color with the warm abodes at KUL Utsav. These 1 BHK, 2 BHK, 2.5 BHK and 3 BHK flats in Kondhwa present an excellent investment opportunity.
South zone, with our existing projects; it has seen an average 20% growth and will only appreciate with the stage of execution it is in.