The IT boom and the developments revolving around it strengthen Pune’s position as a real estate investment hotspot. In recent years, especially since the beginning of the last decade, Kharadi has been among those many regions in Pune that have undergone massive changes. What was once an outskirt village has now transformed into a bustling town with several residential, commercial, and IT complexes.
If you want to invest in Pune and wonder why you should invest in Kharadi, this blog from Destination Kharadi, one of the leading real estate brokers in Pune, will help you find a comprehensive answer question. So, let us look at six reasons to invest in real estate properties in Kharadi.
6 Reasons to Invest in Kharadi Real Estate
Right from strategic advantages such as location and real estate appreciation to social infrastructure, Kharadi ticks every parameter that real estate investors or the general public consider before investing.
1. Kharadi’s Location
Kharadi is situated on the eastern frontier of Pune. It enjoys a strategic location advantage. Some of Kharadi’s location advantages include its proximity to Pune airport (7.5 km), EON IT Park, Magarpatta (6.5 km), Koregaon Park (10 km), etc. Kharadi’s growth as an IT hub, and its closeness to Pune airport, particularly, refer to a seamless transit from office to the home and then to the airport for techies who are frequent flyers.
2. Real Estate Appreciation
One of the significant indications of Kharadi’s growth spree is the real estate appreciation of the region. According to industry reports, Kharadi saw a capital appreciation of around 35% during the last decade. So, one can imagine the kind of growth and appreciation associated with the region, especially in the present-day context, wherein many IT companies increasingly prefer to invest in Kharadi.
Today, the average per square foot in Kharadi is in the range of 7100 INR to 8500 INR! In a nutshell, if you buy a property in Kharadi, regardless of whether commercial or residential, it will enjoy a promising appreciation in the years to come, thus investing in Kharadi a profitable decision for you.
3. Excellent Connectivity
Another reason to invest in Kharadi is its excellent connectivity. The area is very well covered by city transport buses that travel well beyond Kharadi. Additionally, the area is accessible through private shared cabs and auto-rickshaws from various parts of the city. Besides, its proximity to the Pune – Nagar Highway, its connectivity to Magarpatta, Kalyani Nagar, Pune Station, Pune airport, Shivaji Nagar, etc., define its current-day accessibility.
4. Development of the IT Hub
The development of the IT hub at Kharadi after it being sanctioned as a Special Economic Zone marked the beginning of a new era in the region’s progress. Today, Kharadi’s large IT centers have become its identity, and which, to a significant extent, has been a major contributor to the area’s infrastructural upliftment.
As a result, almost every leading construction group in the city and beyond has invested in some or the other venture in Kharadi, including massive residential townships. And, the development continues to take place at a rapid pace. So, whether you are Punekar or an outsider, if you want to invest in Pune, choose Kharadi!
5. Social Infrastructure
We cannot miss out on talking about social infrastructure while talking about Kharadi as an investment hotspot. Kharadi’s social infrastructure includes the presence of reputed schools and education institutes such as Symbiosis, Kendriya Vidyalaya, Shankarrao College of Pharmacy, Dhole Patil College of Engineering, etc.
Besides, there exist several malls in and around Kharadi. It includes Seasons Mall, Amanora Town Park, Phoenix Market City Mall, Reliance Mart and More Stores, etc. Furthermore, you will find a lot of hospitals within Kharadi’s proximity. Some of them are Aditya Hospital, Columbia Asia Hospital, Golden Hospital, and many others.
6. Types of Homes Available in Kharadi
Based on your budget, you can find several types of housing options in Kharadi. It includes apartments, penthouses, duplexes, villas, etc. Developers that have invested in Kharadi have designed homes thoughtfully to meet the modern-day housing demands of Pune’s cosmopolitan crowd.
Want to Invest in Kharadi? Connect with Destination Kharadi!
Now that you know why to invest in Kharadi, you need a real estate consulting partner who can help you invest in the right properties, depending on your preferences and needs, and optimize your investment.
Destination Kharadi, one of the leading real estate brokers in Pune, helps you find the right home or commercial property through its comprehensive listing. The team at Destination Kharadi handholds you throughout the process and ensures that you land up with the best property in Kharadi, suiting your requirement.