Manjri in Pune: Potential investment destination
For property investors, east Pune has something for all in its platter. Manjri, an emerging suburb on the eastern counterparts of Pune, has emerged as one of the most sought after residential locations in the city of Peshwas. Just a few kilometres from Hadapsar, the locality boasts of open spaces, abundant greenery and less pollution. With the saturation of Keshav Nagar, Manjri has come up as a natural extension for the city.
Home buyers, in search of a dwelling near to Pune-Solarpur National Highway, prefer to invest their moolah in residential projects in Manjri. Adjacent to Mundhwa in South-East Pune, the locality offers easy connectivity to NH-9, developed areas and basic facilities available in the city. With most of the properties tagged below Rs 40 lakh, the vicinity is eyed as the ideal destination by the mid-income buyers for 2-3 BHK units.
Factors contributing to its growth-connectivity and proximity
Proximity to the Pune – Solapur Highway, takes accessibility to different parts of the city takes connectivity in the region several notches up. Areas such as Viman Nagar, Hadapsar, Kharadi and Magarpatta are positioned within 8km from Manjari. In addition to it, presence fo the International Airport at 15 km distance and the railway station at 13km further add to its credentials.
Proximity to IT hubs like Magarpatta and Kharadi has fuelled the rise in demand for housing units in the region. For young professionals and small families in search of smaller units, Manjri meets their purpose. As per professionals of real estate development firms, smaller units are in high demand since the maintenance is not an issue.
What makes Manjri a hot investment destination?
As per market reports, a number of companies have made Pune as their head-office. This, as a result, led developers (even Mumbai-based ones) to tag Manjri as a potential investment destination since it can support growth. Furthermore, the on-going developments is likely to transform the region into one of the vital locations of Pune. Known for its calm and green ambience, the locality has emerged as an investment destination in Pune, resulting in increased demand for commercial and residential projects.
Moreover, the area has seen 10% increase in property rates in the last one year. As per market data, the capital value of an apartment in the vicinity runs from Rs 4000-Rs 4500 per sq ft. In comparison to Manjri, in Kharadi an investor needs to shell out Rs 55 lakh-Rs 60 lakh and in New Hadapsar between Rs 50 lakh-70 lakh for an identical sized home. Hence, Manjri tops the list of areas with affordable residential units in Pune.
