Real estate developments in Viman Nagar
Viman Nagar is situated in the eastern corridor of the bustling city of Pune, and is one of the localities in the city that offer a luxurious lifestyle. The neighborhood lies in proximity to the military airstrip, which currently serves as the city’s domestic cum international airport. It also lies close to the IT parks like Weikfield IT Park, Giga Space on Nagar Road, Panchshil Realty Tech Park on Viman Nagar Road, E Space IT Park and Eon Free Zone,Kharadi.
Connectivity
Viman Nagar is easily accessible from different parts of the city, through rail and road. The region lies at a distance of less than 8km from the Pune railway station and is in proximity to the Lohegaon Airport. A number of roads like Dhole-Patil Road, Kharadi Bypass Road, Arterial Pune Ahmnednagar highway, and Samrat Ashok Nagar Road connect or pass through the area.
Real estate projects
Viman Nager has witnessed a tremendous growth in the real estate sector, over the period of last 5 years. Residential as well as commercial projects have been developed and launched in the area by reputed builders and developers, to cater to the growing demand for housing and commercial solutions. The locality is famous for its eateries that dot the regions in and around it. Two of the largest malls of Pune, namely Phoenix Market city and Inorbit Mall, are developed in Viman Nagar, on Nagar Road.
The neighborhood of Viman Nagar is connected with the expensive localities of Koregan Park and Kalyani Nagar, which are home to the group of the elite and expats of the area. The growth of residential sector in Viman Nagar is backed up by demand for luxurious housing solutions, from high-class home-buyers. Top-notch developers and builders are attracted to the area, as it promises high returns owing to the rapid pace of development.
Some of the residential projects launched in the area include Rohan Mithila by Rohan Builders India Pvt.Ltd, featuring 1,2 and 3 BHK apartments and row houses; Sky Belvedere by Lunkad Reality featuring 4 BHK apartments, Sukhwani Royal by Sukhwani Constructions featuring 1 and 2 BHK apartments; Clover Acropolis by Clover Housing featuring 2 and 3 BHK apartments; Mittal Woods by Mittal Builders featuring 1,2 and 3 BHK apartments and Suyog Enclave by Suyog Development Corporation featuring 1,2 and 3 BHK apartments. The size of these apartments vary from 600 – 2000 square feet and the price ranges from 35 – 55 lacs.
Price trends
At present, multistorey apartments are sold at a price of about Rs.6800/sq.ft, and the rental value of the same is about Rs.18/sq.ft. As per market reports, areas in Viman Nagar witnessed an appreciation of about 19 % in the sale price of multistorey apartments during the second quarter of 2013, when compared to that of the same period of 2012. The rental values always soared high and witnessed an appreciation of about 5%, during the previously considered period.
