With Pune’s rapid growth in the past decade, several areas which were considered to be suburbs are commercial hotspots today. In the last few years, Pune has been witnessing a combined growth in residential and commercial in the same locality. This is largely due to the workforce preferring to stay nearer to their workplaces. This augurs well for commercial establishments too as they get a captive audience in the neighborhood.
Keeping the aforementioned in mind, let us have a look at some of the top commercial & residential Pune real estate locations.
Top 5 Real Estate Locations in Pune (Commercial & Residential)
Baner, located in Pune West, is one of its most preferred commercial & residential locations. Offering proximity to the Mumbai-Bengaluru Highway and excellent connectivity to some famous locations such as Aundh, Balewadi, Wakad, and Pune University Road, Baner makes for a great choice for real estate investment in Pune.
Baner enjoys easy accessibility and closeness to the popular Hinjewadi IT Park that employs thousands of people. As a matter of fact, Baner has a large population of IT professionals staying in spacious homes of the locality. There are various residential projects to choose from. All in all, whether it’s a house, or a full-fledged office space, or a smart retail space, Baner offers you a fantastic ROI potential.
- Pimple Nilakh
Pimple Nilakh is an upcoming commercial & residential real estate hub located in the western part of Pune. It is located close to the Mumbai-Pune expressway and is easily accessible to the prime localities of Pune such as Wakad, Hinjewadi, Baner, Aundh, Pimple Saudagar, and Rahatni, among others. The Lohegaon Airport is the nearest.
The USP of Pimple Nilakh is its proximity to the Mumbai-Pune expressway (making it convenient to travel to Mumbai) and Hinjewadi IT Park (famous employment hub). Given that its nearby locations- Baner and Aundh- are highly-priced, the property prices in Pimple Nilakh are still affordable.
The locality enjoys excellent social infrastructure and is well connected to various hotels, schools, banks, and hospitals via an excellent railways and roadways network. The International Airport is situated at a distance of 22.2 kilometers.
The area boasts of proximity to various employment hubs with offices of Infosys, Kirloskar Brothers Ltd., Microsoft Systems, Tata Motors, Mahindra & Mahindra Ltd.
The various schools include Laxmibai Nandgude International School, Bharati Vidyapeeth English Medium School, The Orchid School, Daffodil International School, and Vibgyor High.
NIBM Road in Pune is another budding residential and commercial destination in Pune. From sound social infrastructure to competitive property prices, it is a sought-after destination for real estate buyers. NIBM is named after the famous National Institute of Bank Management (NIBM). NIBM Road is a 3 km long stretch that runs along the south-eastern micro-market of Mohammadwadi and covers parts of Undri.
Seamless connectivity to popular pockets of Hadapsar, Magarpatta, Kondhwa and Kalyani Nagar coupled with modern conveniences and infrastructure facilities, NIBM Road offers all that you would want at stone’s throw distance.
NIBM area is well connected to other parts of the city with road, rail, and air transport. Major roads that connect NIBM to other areas of the city are Kondhwa Road and Mumbai-Hyderabad Road. Moreover, Katraj Bus Stand and the Market Yard Bus Depot are also situated in the vicinity. The Pune Junction railway station is about 8 km far and it takes around 45 minutes to travel to Lohegaon airport. The area is also close to the planned Purandar airport.
Owing to the growing number of residential projects, the area offers good opportunities for commercial set-ups too. The captive population in the area would give readily available customers to any business.
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An established locality in the north-west of Pune, Aundh is an affluent suburb. In the last few years, the locality has been metamorphosed into one of the best and expensive residential cum commercial areas in the city. Aundh is a popular destination among IT professionals and students given its proximity to the University of Pune and the Hinjewadi Software Technology Park.
There is a huge demand for residential properties in this area coming from IT professionals and migrants from various parts of the country. Aundh is a posh area offering lavish living standards. The affluent catchment area gives good scope for commercial shops and complexes too. The area is home to various malls like D Mart, Westland, and Reliance Mart. There are good numbers of schools, colleges, shops, restaurants, eateries, hangout places, hospitals, ATMs, and banks in and around this locality.
Pune East’s fastest-growing location, Kharadi, is a short drive from the Pune International Airport. Kharadi is gaining to be a popular hotspot for commercial space seekers. From large SEZs like EON IT Park and World Trade Center, the area houses many IT companies and ITeS services. Given these, there is no dearth of upcoming residential projects too.
The locality is also well-connected to some of Pune’s most upscale areas like Koregaon Park, Kalyani Nagar, and Viman Nagar. With the on-going Pune Metro project, Ramwadi (close to Kharadi) will be connected with Kothrud quickly and efficiently.
Also Read: HOW LOCATION MATTERS WHILE BUYING A PROPERTY
Investing in Pune real estate requires a fair bit of research. The IT boom, top educational institutes, smart city initiatives, and lower cost of investment (compared to Mumbai) have all made Pune a preferred destination for commercial & residential purposes. If you are looking at real estate buying opportunities, the above-said options will surely come in handy.