Pune’s realty market soars high with Undri
For those looking for a locality with green cover, excellent connectivity and high on affordability in Pune, Undri is the perfect setting for all. Rapidly emerging as a promising residential property destination in the city, the area has come under the radar of the realtors of Pune, with the saturation of the NIBM Road.
As per property consultants, Undri is one of the upcoming locations in the neighborhood of NIBM extension. Lack of space on NIBM road has paved the way for all new projects to come up in Undri. Experts are of the opinion that the revival of the IT and manufacturing sector, and social and infrastructure initiatives are likely to de-congest Pune and improve connectivity to Undri.
Location and connectivity-The growth triggers
Close proximity to well-established residential locations like NIBM Annex, Wanowrie, Lulla Nagar, Pune Camp and fatima Nagar helped Undri to earn brownie points for itself. On account of this, the area has been thrown open to a robust real estate growth and development.
In addition to good location, the area outranks others in regard to connectivity. Pune-Solapur Highway, Mumbai-Pune Bypass and Pune-Bangalore Highway can be easily accessed from the locality. Intra-connectivity via the Pune Railway Station and airport at just 8 km from the locality, further add to its credentials.
Competitive Capital and rental values
Undri has come up with some of the most sought-after residential units in the present market. An 800-1200 sq ft unit in the unit is available in the price range Rs 28 lakh-Rs 30 lakh. On an average, apartments are available in the price bracket Rs 30 lakh-Rs 60 lakh.
The area ranks high in the list of ‘localities with good rentals’. A 2BHK apartment in the locality is available at Rs 10000-Rs 15000 per month, while a 3BHK will run between Rs 15,000-25,000 per month.
From the viewpoint of an investor, excellent connectivity, proximity to IT and manufacturing industries and good social infrastructure will significantly contribute to the rise in demand for housing units in the area. Based on these factors, the area can be labelled as a potential location for lucrative future returns.
