Kothrud is located between Pune’s two biggest roads, Paud Road and Karve Road. Wakad, an IT hub is also quite close to this place. With great infrastructure facilities and development, Kothrud has now become a real estate hotspot in Pune. This area has transformed into a high-rise locality in Pune.
It has turned out to be a new residential and commercial hub mainly because of the following parameters:
1. Strategic location
One of the main reasons for development in Kothrud is connectivity. Kothrud has an efficient transport network unlike most other localities in Pune. The frequency of buses to and fro Kothrud depot is high increasing the connectivity to the city. Apart from this, the ongoing metro project has made benefited Kothrud even more. Also, Nal Stop and Garware College junction are very close to this area. This has given rise to many residential projects in Kothrud in recent times.
Kothrud has great connectivity to schools, colleges, hospitals, shopping malls, parks, and entertainment centers. Usually, when looking for a family home, we want a place that is acquainted with good schools and colleges. As you can see below, there are many great schools and colleges in Kothrud. Even big, multispeciality hospitals like Sahyadri, Deenanath Mangeshkar, Shashwat, and Jehangir, are located in Kothrud proving to be a crucial parameter.
3. Great investment opportunity
The infrastructure of Kothrud is a major reason which is why you have a surety of getting higher appraisals when you want to resell your property in the markets. According to a survey, most of the people are going for redevelopment projects in Kothrud instead of new builds. This proves to be a wise decision because redevelopment projects in Kothrud don’t usually experience delays, which is a major issue in new builds. If you are looking for flats in Kothrud, going for a redevelopment scheme is the best option because there are no complicated processes involved.
4. An ideal place to socialize
Kothrud is a very lively locality. There are many amazing restaurants and cafes where you can enjoy delicious food and spend time with your friends and family. If you are a fitness freak, then even that is taken care of! Kothrud is home to many gyms. For people who love to exercise or hike while experiencing a rendezvous with nature, there are beautiful gardens and parks as well as hills with beautiful views. Apart from this City Pride Kothrud famously known as CPK is a multiplex in this area where you can not only enjoy great movies but also do a little window shopping. Apart from this malls like Big Bazar, Pune Central, and Pantaloons are major places to shop.
5. Affordable property rates
Kothrud offers a variety of properties from individual houses, commercial properties, and residential apartments. Many developers prefer Kothrud to settle up their residential projects due to the affordable rates they can offer to the homebuyers. It is also believed that the property in Kothrud has seen an appreciation in value over the last few years and it will continue to do so in coming years.
If you are 2, 3 & 4 BHK flats in Kothrud, this is the right time to invest in property here considering all the developments and high returns in the future.