Thinking – how is the Kharadi area in Pune? This blog has your answer. Read on…
Kharadi, a Pune suburb in the northeastern section of the city, has seen considerable growth in recent years. Kharadi is conveniently located near all of the necessary institutions and recreational areas for a comfortable lifestyle, that’s why it has been a popular choice among homebuyers.
Kharadi area, one of Pune’s developing Eastern corridors, has a diverse selection of apartments. Because Kharadi is close to the IT SEZ EON, the majority of the workforce prefers to live there. People choose to rent homes due to the transient nature of their jobs. Professionals from various income brackets work in nearby IT companies such as Reliance, Tata Communication, Honeywell, Synechron, Eclypsis, Mphasis (EDS), Wipro, and others.
The social infrastructure in the Kharadi area is worth mentioning. The suburb is only a few kilometers from Amanora Mall and Seasons Mall, and it is surrounded by a variety of restaurants, hotels, parks, and sports fields.
The upcoming Lohegaon-Kharadi-Wagholi Road will also contribute to the locality’s improved status. The newly widened Nagar Highway, as well as the new MIDC acquisitions at Lonikand and Wagholi, are all contributing to Kharadi’s transformation into the next preferred destination.
Kharadi area has well-known educational institutions for pre-primary, middle school, high school, and college levels. The neighbourhood ensures that not only is it convenient for the family to commute to work but also that the children have a comfortable environment in which to attend school or college. There are also a number of malls and other places to keep you entertained.
The development of the area has also been aided by malls such as Phoenix Market City and Reliance Mart. Kharadi also boasts state-of-the-art hospitals in the vicinity, such as Noble Hospital and Columbia Hospital, which have added value to the area’s residential housing growth.
Kharadi area is also home to the sprawling EON IT Park, which houses offices for a variety of IT and real estate firms. The park also includes gyms, a multiplex, and a 4-acre garden designed by the PMC. IT employees, as a rule, work later than traditional 9-5 employees. Some deadlines and projects require them to work until the wee hours of the morning. They have no need to be concerned, however, because Kharadi has a thriving nightlife. To accommodate the lifestyle of IT employees, most restaurants, pubs, and stores are open until late. Most IT and BPO employees who work in EON IT Park end up relocating to Kharadi because it is so close to their workplace.
Thus, if you are an IT employee wondering why you should invest in a flat in Kharadi, the answer is that Kharadi as a neighbourhood is extremely convenient for your lifestyle.
Kharadi area is a logical residential destination for people working not only in the EON IT Park, but also in Magarpatta City, Viman Nagar, Kalyani Nagar, and Nagar Road. Kharadi also serves the nearby Ranjangaon MIDC area, where some of the country’s leading manufacturing firms have established operations. Kharadi is a transit point to Viman Nagar, Hadapsar, and Magarpatta, so it has good access to these areas.
During the last few years, property capital appreciation in Kharadi Pune has been nearly 35%. According to prop tiger, the price for the residential area near Kharadi Pune in the first quarter of 2008 was Rs 3525 per sq ft. By the first quarter of 2013, it had risen to Rs 5200 per square ft.
The average property price in the area is between Rs 5900 and Rs 6300 per square foot. This means that your investment will yield significant returns in a few years.
According to Magicbricks data, there are various localities such as Thite Nagar, Cheryl, Eon Free Zone, and Vitthal Nagar where a 2 BHK apartment can be rented for less than Rs 20,000 per month. A one-bedroom apartment in Kharadi costs between Rs 5,000 and Rs 15,000 per month, while two-bedroom flat costs between Rs 15,000 and 20,000 per month, depending on the covered space and facilities.
When you dig a little further, you’ll find that 2 BHK flats range in size from 700 to 1700 square feet. You’ll need to pay a minimum monthly cost of Rs 19,000 for a 3 BHK flat with a size starting at 1555 sq ft.
Living in Kharadi will provide you with the perfect balance of the city as well as calm life. You will have access to everything and not just that, you will have a great ROI as well. But, where in Kharadi? Or which real estate project in Kharadi Pune is the best option for you?
The Mahalaxmi Group has developed Zen Estate, an upcoming residential project in Kharadi Pune that will amplify the area’s growth and progress. Its location along the banks of the famous Mula Mutha river elevates living experiences to a heavenly level.
Zen Estate is a departure from the typical pint-sized apartments, lack of open space, and standard amenities. It’s an incredible residential project set in a vast expanse near the Kharadi-Mundhwa road that offers spacious, opulent homes, world-class facilities, and acres of space for the mind to wander.
It’s a leafy neighbourhood with equally good amenities, meeting the need for 2 BHK in Kharadi and 3 BHK in Kharadi. If you have ever needed to strike the perfect balance, this is the place to be.
Contact us today to book your space in the Zen Estate, Kharadi. Visit Mahalaxmi Pune for more information.