Kharadi is one Pune suburb buzzing with real estate investment opportunities. Located in Pune’s Eastern Corridor, Kharadi is a popular choice amongst home seekers and investors alike. Kharadi has been named one of Pune’s best upcoming micro-markets. Fast-paced infrastructural development, Govt. initiatives, and good connectivity with prominent neighborhoods are driving the future growth of this upcoming Pune suburb. The future of Kharadi looks promising, and so does any investment in a property here.
Once a quiet city, Pune has catapulted into a desirable residential destination. An established IT hub, academic destination, and now an emerging manufacturing hub, everyone wants to invest in Pune real estate. Pune has little scope to expand, and the property prices are also touching the roof. With the city property prices being quite steep, it is Pune peripheries that are witnessing tremendous real estate growth and offering good scope for investment, Kharadi being a prominent one.
Kharadi’s USPs- Factors driving Kharadi’s future growth
Strategic Location and Connectivity
The centrally located Kharadi suburb is easily accessible from Pune and other prominent suburbs. Some major roads run through the area, making road connectivity very convenient- a bypass road that connects the Pune-Ahmednagar state highway to the Pune-Solapur National Highway, SH 2, Pune Nagar Road, Mundhwa Kharadi road, etc. pass through the locality. The road infrastructure is well-planned, and prime areas such as Kalyani Nagar, Koregaon Park, Viman Nagar, Wagholi, Magarpatta, Hadapsar, Cyber City, Chandan Nagar, and Mundhwa may be accessed easily.
Hadapsar railway station is located just 5 km away from the Kharadi, and the airport also is well-connected.
Employment Destination
Kharadi has been designated as a Special Economic Zone (SEZ), which leads to the development of new IT and commercial spaces in the future. Presently, there are huge employment destinations in the EON Free Zone, EON Knowledge Park, Kharadi IT Park, World Trade Centre, Magarpatta, Cerebrum IT Park, and Cybercity.
Some renowned corporate giants have their offices here: Barclays Technology Center, Credit Suisse Services, Reliance, Wipro, Tata Communications, Polaris, Citicorp Services, Mphasis, Zensar Technologies, Sungard, etc.
Having employment hubs in the vicinity drives the demand for homes in a locality; Kharadi is no exception. This augurs well for the future of Kharadi. Given the development the area is witnessing and the presence of large corporate houses, there is a steep demand for housing to accommodate employees working in these offices and around.
Natural Backdrop
Kharadi enjoys a natural setting and the scenic landscapes of the Mula-Mutha River, which is close by. Although there are numerous commercial establishments around, Kharadi has its share of lush green views. The population in Kharadi is cosmopolitan, and you would not miss your home much, given people from different regions of India and the world reside here.
Upcoming Developments
The first phase of the Pune Metro is near completion, and metro service begins from Vanaz to Ruby Hall and Pimpri Chinchwad to Shivajinagar. The PMC has given a go-ahead to Phase 2 of Pune Metro. In the second phase, it is being planned that the metro rail network will increase by 82.5 km – from Vanaz to Chandni Chowk, Ramwadi to Wagholi, SNDT to Warje, Hadapsar to Kharadi, Swargate to Hadapsar, Khadakwasla to Swargate on proposed HCMTR route. So now, the Kharadi area will be serviced by Pune metro.
The future of Kharadi looks good with the upcoming metro. It will be game-changing for the area. People living in Kharadi will enjoy better connectivity with Pune and adjoining areas, and the travel time will reduce considerably. The property prices will also shoot up once this is done.
Well Developed Infrastructure
Kharadi has a well-developed physical and social infrastructure. Kharadi falls under the PMC (Pune Municipal Corporation), which means good roads, clean drinking water, drainage, and a robust public transport system. Etc. The vicinity has some of the best academic institutions (Kendriya Vidyalaya, Sunrise English Medium School, Symbiosis, Dhole Patil College of Engineering, etc.), a few good healthcare centers and hospitals (Columbia Asia Hospital, Sneha Specialty Hospital, Golden Hospital, Kohakade Hospital, etc.), markets and popular shopping malls (In-orbit Mall, Phoenix Market City Mall, Reliance Mart and More Stores, Seasons Mall, etc.).
The presence of a good social infrastructure in a locality makes its livability quotient quite high. Everything you need is conveniently accessible.
Future Trends
Given the fast-paced development in the area and Govt. initiatives, Kharadi is emerging as a buzzing commercial and residential hotspot of Pune. The growth of the IT sector has led to rising demand for commercial and office spaces in Kharadi. To cater to the housing demand from people working in this area, there is a mushrooming growth of residential projects here.
Kharadi’s infrastructural development, the presence of numerous IT Parks, and social infrastructure are together driving the growth of Kharadi. The property prices, which are currently affordable, are only rising northwards with each passing month. Additionally, with the upcoming Pune Metro connectivity, the prices will further rise. The future of Kharadi looks promising. Book your space now!
FAQs
Will there be a metro in Kharadi?
Yes, Pune Metro Phase II has a provision.
Which is the nearest airport to Kharadi Pune?
Pune International Airport is only about 6-7 km away.
Is New Kharadi a good place to live?
Yes, it is well-developed, and everything you need daily is conveniently accessible.
