The Impact of Infrastructure Development on Commercial Property Values in Kharadi

The Impact of Infrastructure Development on Commercial Property Values in Kharadi

Today, Kharadi is one of the most preferred destinations for residential buyers and investors looking for a favourable commercial property in Pune. But this was not always the case. At least, not a decade back. Situated in the Eastern part of Pune, Kharadi then was just a quiet suburb, with no distinct identity of its own. But the situation has changed, and how? Today, a commercial property in Kharadi is one of the most sought-after properties in Pune, and so are flats in Kharadi. And the credit for this rise in demand must go to the infrastructure development that has metamorphosed Kharadi. In this blog, we will explore the various aspects of infrastructure development in Kharadi and how they have impacted the commercial real estate market. In addition, we will also introduce you to Zen Square – inarguably the best commercial property in Kharadi. Read on.

1. Robust Road Network That Leads To Enhanced Connectivity

One of the most critical factors contributing to the ever-growing demand for commercial property in Kharadi is its enhanced road connectivity. The area is well-connected to major parts of Pune via the Pune-Ahmednagar Highway and the Pune-Solapur Highway. The development of wide, well-maintained roads has made commuting to and from Kharadi more convenient, which has significantly reduced travel time. This ease of access has attracted numerous businesses to real estate in Kharadi Pune.
In addition, the availability of reliable public transport is another crucial factor driving the demand for commercial property in Kharadi. The area is well-served by Pune Mahanagar Parivahan Mahamandal Limited (PMPML) buses, offering excellent connectivity to various parts of the city. The upcoming Pune Metro project, which will include a station in Kharadi, is expected to further boost the area’s connectivity and commercial prospects.

2. Proximity to IT Parks and SEZs

Kharadi is home to several IT parks and Special Economic Zones (SEZs), including the EON Free Zone and World Trade Center. These IT hubs have attracted numerous multinational companies, leading to a surge in demand for commercial office spaces. The presence of such significant business centers has not only increased the value of commercial properties but also spurred the development of supporting infrastructure like hotels, restaurants, and retail outlets.

3. Residential Development

The growth of commercial infrastructure in Kharadi has gone hand in hand with residential development. Numerous residential projects have been launched in the area to cater to the housing needs of the growing workforce. This residential growth has, in turn, driven the demand for commercial spaces such as retail outlets, supermarkets, and healthcare facilities, further boosting property values.

4. Commercial Property In Kharadi Benefits Largely From Its Social Infrastructure

Kharadi takes pride in its robust social infrastructure. The location is home to an array of renowned educational institutions and professional training centres. The presence of these institutions has made Kharadi an attractive destination for families, indirectly boosting the demand for commercial properties catering to educational needs. In addition, the proximity to quality healthcare facilities is a significant factor contributing to the rise in commercial property values in Kharadi. The area is home to several reputed hospitals and clinics, providing comprehensive medical services. The presence of these healthcare facilities has enhanced the overall livability of Kharadi, making it a preferred choice for businesses and their employees.

5. Retail and Entertainment Options

The development of shopping malls, multiplexes, restaurants, and entertainment centres has played a crucial role in boosting the commercial real estate market in Kharadi. These amenities provide a vibrant lifestyle for residents and employees, making the area more attractive for commercial investments.

6. Government Initiatives and Policies

Smart City Mission

Pune is one of the cities selected under the Smart City Mission, an initiative by the Indian government to promote sustainable and inclusive urban development. Kharadi too, like many other suburbs, has benefited from various smart city projects aimed at improving infrastructure, public services, and overall quality of life. These initiatives have made owning commercial property in Kharadi an alluring option for investors.

6. Bright Future Prospects

The future of Kharadi’s commercial real estate market looks promising, with several upcoming infrastructure projects set to enhance its appeal further. The proposed ring road around Pune, for instance, will improve connectivity between Kharadi and other parts of the city, reducing travel time and boosting commercial activity. Additionally, the expansion of the Pune Metro network and the development of new business parks and SEZs are expected to attract more businesses to Kharadi, driving up property values.

Whether you are a business looking for prime office space or an investor seeking lucrative opportunities, Kharadi’s evolving landscape presents an ideal choice. If you are looking for commercial property in Kharadi, you must consider taking a look at Zen Square – a commercial development by the Mahalaxmi Group. Here are a few of its highlights –

10.83 ft. floor to ceiling height I 3-level puzzle parking I Ample parking for visitors I Power backup for all offices I Dedicated washrooms for every office I Glass facade elevation with impressive visibility I Plot with 200+ ft. frontage towards roadside I Self-sustainable layout

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