In the world of real estate investment in Pune, some neighbourhoods and locales have an unparalleled attraction as they appeal to investors with promises of high returns and sustainable growth. One such gem in Pune city is Kharadi, which has rapidly expanding real estate investment opportunities. Once a silent suburb on the outskirts of Pune, Kharadi has undergone a rapid transformation in recent years and has emerged as a coveted destination for real estate investors. Let us explore why Kharadi has become such a magnet for lucrative investments in the field of real estate.
Location & Connectivity
The majority of Kharadi’s appeal lies in its strategic location and excellent connectivity. Situated in east Pune, Kharadi enjoys proximity to famous commercial hubs such as Magarpatta City and EON IT Park. Kharadi offers seamless connectivity to central Pune’s business districts, major IT parks, and renowned educational institutions.
The presence of well-developed roads and social infrastructure further enhances accessibility and makes Kharadi an appealing destination for both businesses and residents.
IT Hubs
Kharadi’s meteoric rise in real estate investments can be attributed to a thriving IT Hub with numerous IT companies setting up shop in recent years and expanding their operations. The strategic location, huge talent pool, and modern infrastructure of the area are a few of the reasons for this. Renowned IT parks such as the World Trade Center and EON Free Zone have transformed Kharadi into a preferred commercial hub while also increasing demand and prices for commercial and residential properties in the vicinity.
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Rapid Infrastructure Development
This is the key catalyst responsible for fueling Kharadi’s real estate boom. The area has witnessed the expansion of road networks and the compelling development of social amenities and recreational facilities to form a robust infrastructure.
With the first phase of Pune Metro almost complete, the PMC has given a go-ahead to phase 2. This second phase details an expansion of the metro rail by 82.5 km, covering routes from Vanaz to Chandni Chowk, Ramwadi to Wagholi, SNDT to Warje, Hadapsar to Kharadi, Swargate to Hadapsar and Khadakwasla to Swargate along the proposed HCTMR route, consequently benefiting Kharadi immensely.
This Pune Metro project that connects Kharadi with the Pune city centre is poised to further enhance connectivity and increase property value in this region. In addition to this, the presence of reputed educational institutes, healthcare facilities, hospitals, and shopping malls add to Kharadi’s allure as a preferred residential real estate investment hotspot.
Housing Options
Another important factor that drives investment in Kharadi is the availability of a diverse range of housing options to suit different budgets and lifestyles. Kharadi has something for everyone – be it premium luxury housing or affordable smart homes. As many developers quickly realize the booming potential of Kharadi, many innovative projects are being launched in the area, giving buyers a wide range of options based on their needs and preferences.
So, real estate investors Kharadi bring to you a myriad of choices to diversify your real estate portfolio – compact apartments designed for modern urban living, gated communities with premium amenities and commercial spaces of international standard.
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Rental Market
If you are not an end-user but looking for good rental income, Khardi boasts a robust rental market for investors. The influx of young professionals working in the IT sector has created a strong demand for rental accommodation in the area, and it continues to grow. Also, as more businesses set up shops in the area, the demand for offices and retail spaces is also increasing.
Khardi is a preferred choice for tenants looking for quality commercial and residential properties in Pune, lifestyle amenities, and ease of living. Investors can capitalize on this demand by investing in properties in Kharadi, thereby cashing in on high rental yields and property appreciation in the long term.
Hence, we can conclude that Kharadi has emerged as a real estate investment hotspot in Pune owing to its strategic location, excellent connectivity, robust civic and social infrastructure, thriving IT hubs, diverse housing options, and growing rental market.
As Pune evolves, Kharadi shines as a beacon of opportunity for real estate investors seeking lucrative returns and sustainable growth.
