In the ever-evolving landscape of the real estate market, wherein investors and property buyers equally prioritize the perfect location, high ROI, availability of social infrastructure, and connectivity to nearby areas, the search often leads people to burgeon areas like Kharadi.
Benefiting from strategic positioning, promising developments, and competitive pricing, Kharadi has become a focal point for those seeking to invest in real estate that harmoniously balances investment potential and quality of life. While the advantages of investing in residential property in Kharadi are apparent, it also has its disadvantages. In this blog, we are going to explore the pros and cons of investing in residential property in Kharadi.
Pros Of Buying Residential Property in Kharadi
Those living in Pune might attest to the statement that ”the suburb Kharadi deserves the best city to live in the title for its connectivity, convenience, and other advantages. Being home to eastern Pune’s biggest IT hub, Kharadi is an upscale address with newly developed and developing residential and commercial projects.
Here are a few reasons why we believe you should invest in Kharadi:
Easy commute to Everywhere
Kharadi is well-connected to all major areas in East Pune, like Hadapsar, Kalyani Nagar, Viman Nagar, Magarpatta, Manjri, Shewalewadi, Wagholi, and Phursungi. These are some of the most A-listed cities of Pune with modern lifestyles. To complement the lifestyle of Kharadi, the town has seen many developments in Pune’s transportation infrastructure, including Kharadi’s. A recent example of this is the ongoing Pune Metro construction.
With phase one (of Pune metro ) operational and phase two under construction, residential and commercial property development and investment have increased over the years. Additionally, The Pune International Airport in Viman Nagar and the bus stations of Sangamwadi are just a few minutes away from Kharadi. Even Pune’s Pune’s central railway station is only a half-hour drive from any part of Kharadi. Whether you’re traveling within Pune or outside the city, those living in Kharadi can easily find a transportation mode to reach their desired destination.
Location proximity
| Kharadi- Magarpatta city | 6 km |
| Kharadi- Viman Nagar | 5.3 km |
| Kharadi- Kalyani Nagar | 7 km |
| Kharadi- Pune airport | 6.9 km |
| Kharadi- Pune Railway Station | 7 km |
Best Lifestyle
We all seek pleasant surroundings for our homes, where our families can thrive. When buying residential flats, one crucial factor to consider is the quality of the neighborhood. Fortunately, in the case of Kharadi, its proximity to EON IT Park attracts a community mainly comprised of IT professionals and young families.
This calls on the authorities, real estate developers, or investors to plan the city’s social infrastructure to match the lifestyle of the crowd of Kharadi. The area boasts a modern infrastructure catering to salaried individuals with well-established backgrounds.
- The availability of social infrastructures in Kharadi makes it the ideal place to live. Educational institutions, IT offices, entertainment arenas, hospitals, and other important amenities.
Additionally, the majority of housing societies have reliable round-the-clock security, alleviating concerns about the safety of one’s family. This creates an environment where one doesn’t have to be overly careful about security all the time. Moreover, the community atmosphere may provide opportunities for everyone to make friendly connections with neighbors.
Schools Near Kharadi
Malls Near Kharadi
Value For Your Money
Seeking the best value for your real estate investment often involves a delicate balance between affordability and quality of living. While places like Koregaon Park and Kalyani Nagar are dream locales for many, the cost and availability of 2, 3, or 4 BHK flats present many challenges.
Compared to that, investing in property in Kharadi offers spacious homes at a competitive price point. In this suburb, affordability meets premium living, ensuring that one doesn’t have to compromise on quality to align with their budget.
If we look at the real estate market of Pune, we can see that Kharadi’s real estate market stands out for its cost-effectiveness, providing not just a place to call home but a lifestyle that competes favorably with other suburbs. Kharadi has something to offer to every member of the family.
With such diverse housing options, location advantages, and a sense of community living, Kharadi emerges as a smart choice for those seeking the best value for their investment. Thus, it is safe to say that investing in Kharadi is not only investing in real estate but also investing in a lifestyle that seamlessly combines quality living with financial prudence.
Diverse Investment Opportunities
The popularity of Kharadi among real estate investors and developers presents a unique advantage for potential buyers. The influx of investment not only signifies confidence in the area’s growth potential but also opens up diverse opportunities for buyers to explore. With various residential and commercial projects and developments underway, buyers have a wide range of options to choose from, catering to different preferences and budgets. This diversity in investment opportunities allows buyers to find properties that align with their specific needs and investment goals, ultimately offering flexibility and potential for long-term growth.
Sustainability and Future Planning
As Kharadi undergoes rapid development and expansion, there is a growing emphasis on sustainability and future planning. The recognition of potential challenges such as noise and air pollution, overcrowding, and infrastructure reliability has prompted proactive measures and initiatives aimed at mitigating these issues. By addressing these challenges head-on, Kharadi is embracing its overall quality of life and also laying a strong foundation for future growth and sustainability.
Cons of Buying Property in Kharadi
Here are a few reasons why we believe you must consider all factors before buying property in Kharadi:
Dependence on the IT Sector
Another plausible challenge that could arise shortly is Kharadi’s vulnerability to adjusting to the economic shift. Kharadi’s popularity is strongly influenced by its dependency on the IT hubs. So, people should evaluate Kharadi’s economic diversity to understand its resilience to industry changes.
Traffic Congestion
Another major problem mostly said to occur soon is the congestion on the roads, especially during peak hours. Hence, it is important to evaluate how this might affect your schedule and accessibility in daily commuting.
Potential Overpricing
As an emerging real estate hotspot, there might be chances that the now affordable residence could be overpriced. Hence, before investing any property in Kharadi, it is important to ensure that property values align with market standards and are not inflated due to the area’s popularity. Additionally, with high demand, the chances for increased competition for quality properties will be high. Furthermore, any regulations by the government or municipality could also affect the pricing of the property.
However, the challenges faced by Kharadi are not unique to just this fast-growing suburb of Pune. This is a common scenario in many growing real estate areas. The key suggestion here is to carefully check every factor before you invest. Taking the time to understand each detail ensures you have in-depth knowledge of all the hurdles and are ready to make the most of the investment. In real estate, knowing what you are getting into is going to be risky, considering the factors that influence pricing. So, always take the time to be well-informed before making a decision.
