Pune is one of the top cities in India, which attracts homebuyers and those looking to invest in real estate. It is the second largest city in Maharashtra and is known to be a thriving IT and educational hub, attracting many working professionals and students. Besides, there are other sectors that flourish in this city, thus attracting several businesses looking to set up their operations there.
The city’s well-planned infrastructure, excellent transportation and availability of social amenities make it an ideal destination for home seekers. Pune witnesses a steady demand for residential properties and developers cater to this growing demand by coming up with residential projects and integrated townships. Apart from residential projects, there is ample availability of residential plots in and around the city, which has attracted several investors. In this article, we list the top five localities in Pune for investment in residential plots.
Hinjewadi
Hinjewadi is a suburb in Pune, located in Pimpri Chinchwad, around 19 kilometre from the city centre. It is known for the Rajiv Gandhi Infotech Park and several business parks and offices set up by IT/ITeS, BPO, automotive and biotechnology companies. The area also has reputed educational institutions such as Symbiosis Institute of International Business (SIIB) and Mercedes-Benz International School.
Hinjewadi, situated in western Pune, is well-connected to nearby areas and Pune city via Dange Chowk Road, Hinjewadi-Aundh Road and the Mumbai Highway (NH-48). Hinjewadi is 20 km from Pune Junction Railway Station and 26 km from the Pune International Airport. Further, the upcoming 23-km Pune Metro Line 3 Hinjewadi Phase III to Civil Court will provide enhanced connectivity to this region.
Hinjewadi has seen the growth of plotted development projects. There are residential plots available in the price range of Rs 20 lakh to Rs 64 lakh. The average property rates in Hinjewadi are Rs 7,461 per square foot (sqft).
Hadapsar
Hadapsar is an industrial hub and rapidly developing residential and commercial real estate destination in Pune. The area is known for its special economic zones (SEZs), such as Magarpatta, SP Infocity and the Amanora Park Town. It has several thriving industries, IT parks and educational institutions, attracting a lot of investors.
Moreover, Hadapsar enjoys good connectivity to the Pune-Solapur Highway and the Mumbai-Pune Expressway. It is located 8 km from the Pune Railway Station, 12 km from the Shivaji Nagar Railway Station and 8 km from the Lohegaon Airport.
There are several residential plots in Hadapsar available for investment. The prices of plots range between Rs 2 lakh and Rs 3 crore. The average property rates in Hadapsar are Rs 7,554 per square foot (sqft).
Kharadi
Kharadi is a fast-growing suburb in north-eastern Pune, situated close to the EON IT Park and industrial hub comprising commercial complexes, retail stores and IT parks. The locality is a major residential and commercial destination for investors. Kharadi has a major location advantage owing to its proximity to Pune Airport, which around 7.3 km from the area. It is well-connected to neighbouring regions through prominent roads such as Mundhwa-Kharadi Road, Kharadi Bypass Road and Nagar Road.
Kharadi has land parcels available for those looking to invest in plots. The prices start from around Rs 9 lakh and go up to Rs 3 crore. The average property rates in Kharadi are Rs 9,580 per sqft.
Talegaon
Talegaon Dabhade is another emerging real estate hotspot located in the northern side of Pune. The town is around 35 km from Pune city and close to localities such as Induri, Urse, Dongarwadi, Vadgaon and Parandwadi. The locality is close to the bustling industrial zones, tech parks and IT hubs, attracting several working professionals. The area has witnessed the growth of residential developments, including multi-storey apartments, independent houses and residential plots. Talegaon Dabhade is situated on the Mumbai-Bangalore expressway and is well-connected to other parts of the city through roads and railways.
Residential plots in Talegaon Dabhade have prices ranging between Rs 16 lakh and Rs 85 lakh. The average property rates in Talegaon Dabhade are Rs 4,992 per sqft.
Mundhwa
Mundhwa is a developing locality in eastern Pune, flanked by the Mula-Mutha River on its north side. It is emerging as a preferred real estate destination owing to its easy accessibility to established localities such as Kharadi and Hadapsar. The area is known for its thriving educational institutions and prominent tech parks such as EON IT Park and International Tech Park Pune.
Mundhwa is accessible from Magarpatta Road, connecting the Solapur-Pune Highway and Pune-Ahmednagar Highway. It is situated 2 km from Hadapsar Railway Station and 9 km from Pune International Airport.
Residential plots in Talegaon Dabhade have prices ranging between Rs 8 lakh and Rs 4 crore. The average property rates in Talegaon Dabhade are Rs 7,971 per sqft.
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