Aundh: An upcoming real estate hot spot in Pune

No Comments Sub Category:Miscellaneous Posted On: Jul 03, 2013

Real estate in AundhAundh is one of the affluent suburbs of Pune located in the North-Western part of the city that has been the center of attraction for key developers and investors. Situated near Mula River, the prices for real estate in Aundh have witnessed an upward trend, mainly driven by the growing number of IT professionals.

Considered as one of the prime locations of Pune, Aundh is divided into Aundhgoan and the newly constructed suburbs. Some of the major areas in the new suburban include Sanewadi, Parihar Chowk, D.P road, Anandban,ITI road, Gaikwad Nagar etc. Some of the well-known societies in Aundh are Chaitraban society, Shirine garden, wireless colony, National Society etc.

Connectivity

The locality is surrounded by Aundh-Ravet road and Baner road on its both sides. Easy access to Mumbai-Pune Expressway  and Shivaji Nagar makes it a perfect residential choice for the home buyers. Close proximity to Baner, Khadki, Pashan, Balewadi, Hinjewadi and Sangvi adds to the number of reasons for growth in residential projects in the vicinity.

The nearest railway station to Aundh in Shivaji Nagar railway station, located at a distance of 6km. The Pune International Airport is 14 kms from Aundh, which stands as one of the prominent reasons for the rise in demand for residential apartments in the vicinity.

Public Transport

Frequent buses are available from the Aundh Bus stop, to reach major locations in the city. Excellent auto and bus service available from the vicinity makes journey to Mumbai quite easy. PMPML buses available from the locality help commuters reach the major business districts, such as Hinjewadi IT park, conveniently.

Nearest Bus stops in Aundh include Medipoint Hospital Bus Stop, DAV School Bus Stop, Parihar Chowk etc.

Social Infrastructure

Aundh has further gained preference among home buyers because of its trendy and innovative recreation centers such as Anandban club and Aundh tennis court. Due to its infrastructure growth, the locality has become one of the famous destinations for the cosmopolitan crowd of the city. With the advent of numerous shopping malls like Sony World, Spencer, Reliance Fresh etc. the price for residential properties in Aundh have hit the roof. Some of the major hospitals in this area include Kotbagi, Medipoint and Kotibag Hospitals. ITI Aundh, CDAC ACTS and some of the major educational establishments in the neighborhood.

Real estate and price trends

Aundh is one of the best areas for residential properties in the city. Proximity to University of Pune makes Aundh one of the favorite destinations for dwelling. For people who work in software companies in Hinjewadi, Aundh is the ideal location to find an abode.

Buyers generally prefer 1BHK and 2BHK residential apartments, instead of 3 BHK. The price per sq ft for a residential apartment in Aundh ranges between Rs 7295- Rs 8219. The rental value per sq ft for a residential apartment ranges between Rs 15- Rs 23. According to property consultants, there has been a 5% hike in the price for residential properties in the neighborhood because of its excellent connectivity to different parts of the city and the various amenities offered by it. Some of the ongoing projects in the vicinity include Aditya Comfort Zone, Sulochana City, Navkar Mantra etc.

Proximity to Hinjewadi and IT market in Pune, which is flourishing by leaps and bounds, makes Aundh one of the potential suburbs of the city. Investment in residential apartments in the neighborhood is likely to yield fruitful returns in future.

 

Leave a Reply



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!