So overall it has good connectivity. The area has seen an appreciation of around 20-30 per cent in property value. So you can expect good returns in future. There are buses and auto rickshaw services. This area comes within the Pimpri Chinchwad Municipal Corporation (PCMC) limit, which is one of the biggest advantages for it. And so far there is no water problem or electricity problem in this area. :)
Yes Joydeep, you are right. There is also high demand for smaller units so the maximum properties in the budget range of Rs 40 lakhs are offering 2-BHK apartments. The smaller units are in demand as these are easily maintainable and these come within the range of professionals having a salary range of Rs 40,000-50,000 per month. Also many attracted developers to come up with projects in this budget range are the availability of land and good connectivity via Nagar Road.
@Gurmeet : The area has close proximity to the railway station and the airport, and easy accessibility to the other localities to the increase in property values. The Pune station is around 10-12 kms away and the airport is located at a distance of just 3 kms from Dhanori. There are plenty of hospitality options available in east part of Pune.
Hey Vivek also this locality offers properties at competitive prices compared to other areas. The mid-level IT professionals working in the city are looking for affordable properties so the demand for affordable properties is at its peak.
@Supratim: East Pune which is also known as IT hubs such as Viman Nagar, Kalyani Nagar and Koregaon Par are already developed and offer properties at high prices so there is a high shift in demand from these localities to Dhanori. In order to meet this demand the developers have to come up with projects within the affordable range.
Hey Dhanori offers a wide range of options for those who are looking for a residential property within Rs 40 lakhs and also the area is seeing maximum supply of properties, with several new housing projects and which are at various stages of construction. These projects offer 1, 2 and 3-BHK units.