Charoli An upcoming Affordable real estate hub

Q: Hey guys Charoli is slowly emerging as the next destination for the middle-income buyer segment. Kindly share the details with me.

Piyush Khoche, Pune

18th November 2013

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Replies (3)

Will it be good for investments ? Is there any scope of good returns ?

Piyush Khoche, Pune

18th November 2013

Comment

The area is expected to get high appreciation in the coming years. Around 30 per cent growth in real estate prices in the coming year. So,an affordable property with good return on investment. This area is likely to see 30 perc growth in real estate sector in coming years both for investors and end users. So Charoli is an upcoming area and saw good infrastructure developments also the prices are very affordable.

Joydeep D,

18th November 2013

How is the connectivity in this locality ?

Piyush Khoche, Pune

18th November 2013

Comment

This area enjoys close proximity to Koregaon Park and Viman Nagar. It is just 12-16 kms from the high-end residential area of Koregaon Park and Shivajinagar and is about 10 kms from the IT hub of Kalyani Nagar. Charoli is about six kms from Lohegaon Airport and just 13 kms from the Pune Railway Station.

Bulbul Verma,

18th November 2013

Also The proposed 170-km Ring Road isaround Pune and Pimpri-Chinchwad ao it may also impact property prices in Charoli. These roads provide inter-connectivity to Pune and the Pimpri-Chinchwad Municipal Corporation (PCMC) and to other places.

Joydeep D,

18th November 2013

@Piyush : The area is located in the northern part of the city offers a location advantage but also provides affordable real estate properties. The areas such as Kalyani Nagar, Viman Nagar and Koregaon Park ...the residential destinations for the high-salaried IT professionals.

Bulbul Verma,

18th November 2013

Comment

Can you tell me the price range of residential apartments here ?

Piyush Khoche, Pune

18th November 2013

@Piyush : The prices here are still affordable compared to other areas around. A builder is offering a 1,000 sq ft of a multi-storeyed apartment from Rs 25- 30 lakhs whereas local builders are offering apartments within the range of Rs 18-22 lakhs in Charoli. The areas such as Kalyani Nagar, Koregaon Park and Viman Nagar offer properties starting from Rs 45 lakhs. The plots of a 1,000 sq ft residential plot in Charoli is available for Rs 5.5-6 lakhs.

Bulbul Verma,

18th November 2013