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Real estate developments in Dhanori

No Comments Sub Category:Property,Property Buying,Real Estate,Real Estate Trend Posted On: Sep 11, 2013

DhanoriDhanori is a part of the fast growing residential neighborhood of Vishrantwadi. Areas like Mohanwadi,Pratik Nagar, Kasturba Housing Society, Phule Nagar, Yerawada, Police Lines, Shanti Nagar, Tingre Nagar and Kalas, all lie within a radius of about 7 km from Dhanori.

Lohegaon, which lies about 4km from Dhanori, is home to Pune’s International Airport. The place is also well-known for its reputed educational institutions like Kendriya Vidyalaya, Sharad Pawar International School and other schools and colleges. Marathwada Mitra Mandal’s Institute of Technology, Symbiosis College and Dr. D. Y. Patil School of Engineering are some of the famous colleges located in and around Lohegaon.

Lying close to Lohegaon, home-buyers in Dhanori are offered quality educational opportunities for their children, in addition to standard residential options.

Connectivity

Dhanori is well-connected to other parts of the city through road and rail. A number of PMPML buses operate to and fro, passing through Vishrantwadi, which connect Dhonari to the nearby areas. Several roads run along the area and its neighborhood. These include Dhanori-Lohegaon Road, Alandi Road and the Airport Road.

The Pune Railway station lies at a distance of less than 10km from Dhanori and the Pune International Airport Area in Lohegaon, lies at a distance of about 4km.

Residential projects

Vishrantwadi is witnessing a fast-paced development of the real estate sector, especially residential housing. The area has become a preferred residential choice for IT professionals who work in offices in and around Kalyani Nagar, Yerwada and Viman Nagar, owing to factors like good connectivity and its proximity to the airport.

Atharva Residency by Balaji Nirman Group featuring 1BHK apartments; Mayur Kilbil by Bunty Group featuring 1,2 and 3BHK apartments; Gini Bellina by Gini Constructions Co., featuring 1,2 and 3 BHK apartments; Prasun Savoy by Prasun developers featuring 2BHK apartments; Pride Park Springs by Pride Purple Group presenting1,2 and 3 BHK apartments and Revell Orchid Park by Rainbow Housing, featuring 2 and 3BHK apartments are some of the famous residential projects in Dhanori.

Size and price of apartments

The size of 1BHK apartments in Dhanori vary from 575-630 sq.ft, and the price ranges between 25 lacs to 33 lacs. The sizes of 2 and 3 BHK apartments range from 900-1300sq.ft and 1350-1950 sq.ft., respectively. While the sale price of a 2BHK ranges from 45 lacs to 62 lacs , the same ranges between 62 lacs to 98 lacs, for 3BHK apartments in the region.

Rental values of apartments vary from Rs.6000-8000 for a 1BHK apartment and from Rs.9000-13000, for a 2BHK apartment, per month. A 3BHK apartment’s rental value ranges between Rs.13000-15000 per month.

Price Trends

At present, multistorey apartments are sold at a rate of Rs. 4500/sq.ft., and the rental value of the same is about Rs.12/sq.ft.

As per market reports, an appreciation of about 8% was witnessed in the sale price of multistorey apartments in Dhanori, during the second quarter of 2013, when compared with the values of the same period in 2012.The sale price of multistorey apartments was about Rs. 3800/sq.ft. in the second quarter of 2012,. the same rose to about Rs.4500/sq.ft. during the same period of 2013.

 

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