Kharadi: Most sought after area in Pune
Pune- Kharadi is one of the fastest growing suburbs of Pune. It is located in the eastern corridor of the city. It was once a barren stretch which now boasts numerous residential and commercial projects. The area has gained importance due to huge development in IT, ITES, Hospitality, Retail and Education sector.
Location Advantages
The well planned road system offering excellent connectivity adds valuable advantage to Kharadi. It provides easy access to prime areas like railway station, airport, Koregaon Park, Viman Nagar, Kalyani Nagar, Hadapsar, Wagholi, Magarpatta CyberCity, Chandan Nagar and Mundwa.
SEZ
The low prices and good connectivity have attracted many top IT companies. It has maximum IT parks after Hinjewadi. Eon Free zone, a special economic zone (SEZ), houses IT and ITES giants like Sungard, Vodafone India Services, Tata Communications, Tieto, Mphasis, Prism Informatics, QSG Resource Management and many others. The campus spreads across 45 acres and is just 8 km from the international Airport.
Cafeteria, 24 hr power backup, medical center, ATMs, service apartments, business hotel and helipad etc. are some of the amenities offered by the software park.
Public Transport
Nearest bus stop is Moudha Bus Stand which is located 12 km from Kharadi. Cabs and taxi service are also easily available.
Social Infrastructure
Popular hotels include Taj Blue Diamond, Le Meridian, JW Marriot, Grand Hyatt, The Westin, Radisson etc. Kendriya Vidyalaya, Sunrise English medium school, Symbiosis, Victorious Kidss Educare are some of the schools nearby. Shopping zone include malls like Tathasthu, Ishanaya Mall, Nuclues Mall, Inorbit etc.
Real Estate
The development of software parks, good connectivity has invited professional migrates from different parts of the country. This has triggered off residential demand in Kharadi. The beauty of the place lies in a fact that both office and home can coexist in same vicinity.
Apartment projects are more preferred than plots, villas and individual houses. Working software professionals look for either 2 bhk or 3bhk apartment. People working in industrial area of Ranjangaon also prefer Kharadi.
Some active real estate developers in Kharadi include Raailand Properties Pvt. Ltd, Kolte Patil Developers Ltd, Gulmohar Development Gera Development Pvt. Ltd. etc.
Some of the latest residential projects in Kharadi are Le Reve, Geras Trinity Towers, Our town, Tuscan Estate, Acolade, Galaxy one, Kharadi Residency, etc.
Price Trend
The locality has witnessed both residential and commercial development due to growing IT sector. Owing to this, land prices have skyrocketed. As per commonfloor data, the per sq ft price in Oct-Dec 2012 quarter was Rs 4779 and then it appreciated to Rs 5192 in the quarter of Jan-Mar 2013. The price further increased to Rs 5583 per sq ft in the Apr-June quarter of 2013. A 2 bhk apartment in Kharadii can be available for rent within Rs 10000 to Rs 18000.
Many experts opine that Kharadi will continue to have highest potential in Pune real estate market. The phenomenal growth of the locality has entirely changed the scenario. Kharadi is thought to most sought after area in Pune to live the most sophisticated, rich and innovative life.
