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 flats in Pune to meet the growing need for housing.
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.
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 areas are other projects focussed on improving the attractiveness of flats in Kharadi.
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 2 BHK flats in Pune offering beneficial investment deals in the Kharadi real estate market.
Original article published at https://www.bestoflifestyle.in/kharadi-prominent-real-estate-investment-destination/