Kharadi locality review

Q: My brother is shifting to Kharadi for job purpose. How is Kharadi area for a 2 bhk apartment? Is it worth buying a 2 bhk in this area for Rs 50 lakhs to Rs 60 lakhs ( approx)? Looking for some good advice.

Abhishek,

29th May 2014

Locality Review in Kharadi, Pune

projects in kharadi

kharadi locality review

apartments in kharadi

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Replies (4)

Is it advicable to buy a property in Kharadi from investment point of view?

Abhishek,

29th May 2014

Comment

Kharadi has immense potential to develop into a favoured residential destination. Due to its proximity to the IT hubs, besides housing many prominent IT companies, it is a preferred residential area especially among IT professionals working in the vicinity. Road infrastructure in the area is being developed which when complete will improve the connectivity to Magarpattha City. The proposed Lohegaon-Kharadi-Wagholi road when complete, will provide a major boost to the status of the area. Considering the demand for residential property here it will attract more developers to embark on residential projects, thereby enhancing the acclaim of the area.

Hardik, Bangalore

30th May 2014

Please provide me the same of some good projects that suits my budget with the project details.

Abhishek,

29th May 2014

Comment

1) Gera Parkview I is an ongoing project by Gera Development Pvt Ltd. The project is expected to get completed by end of this year. The project offers 1,2 and 3 bedroom apartment.

2) SG Lanke Vishwajeet Residency is located at Tuljabahavani Nagar, Near Nagar Road, Kharadi which is under construction. The project is expected to get completed by 2015. This is a project by SG Lanke Construction which offers 1 and 2 bhk apartments.

3) Prakash Viva City is the latest offering by Prakash Construction Company. The project will have 1 and 2 bhk configuration. The project is expected to get completed by mid of 2015.

Vinay Sharma, Pune

29th May 2014

I heard that Gera Developers is coming up with a new concept known as Child Centric Homes in Pune, Kharadi. Can anyone provide me some information

Amreesh Murugan,

30th May 2014

The first Child Centric Home by Gera Developers is coming up in Kharadi. They have named the project as Song of Joy, at at Gera's Greensville, Kharadi and will comprise of 1230 sq. ft. two bedroom and 1660 sq. ft. three bedroom apartments.

Wasim Mohammad, Pune

30th May 2014

How is the assessibility and connectivity from Kharadi? How welll is the locality connected to other parts of the city?

Abhishek,

29th May 2014

Comment

Kharadi offers excellent connectivity to all areas in the vicinity as well as across the city. The Mundhwa-Kharadi road connects it to the Mumbai highway which is just about 7 km away. It also connects Kharadi to the Pune Nagar road which runs along its northern periphery. Besides, it is well connected to all areas in the vicinity like Kalyani Nagar, Viman Nagar, Chandan Nagar, Yerawada etc through the Pune Nagar road. The Pune railway station is about 11 km away along the Samrat Ashok road while the Pune International airport is about 7 km away along the Pune Nagar road.

Vinay Sharma, Pune

29th May 2014

What is the present price trends going on in Kharadi? How is the rental value in this area?

Abhishek,

30th May 2014

he current average price for residential apartments in Kharadi is Rs.5,780 per sq. ft., with a steady appreciation of about 20% compared to Q4 2012. The current average rentals in the area is about Rs.15 per sq. ft. The rental value in this area has gone up by 28% approx in last two years.

Wasim Mohammad, Pune

30th May 2014

I have shifted to Kharadi from Bangalore. Kharadi is one of the fastest growing suburbs of Pune. It is located in the eastern corridor of the city. It was once a barren stretch which now boasts numerous residential and commercial projects.

Kharadi, located about 13 km from the heart of Pune along the eastern periphery, is making rapid strides in developing into a residential hub.

Besides being in the proximity of IT hubs, there are many other factors that have resulted in the rise in demand for residential property in recent times. They include the connectivity, infrastructure as well as the affordability.

The price of 2 bhk apartment in Kharadi seems to be okay for me as there are apartments available for much higher price.

Hardik, Bangalore

29th May 2014

Comment

i agree with Hardik. The proximity of Kharadi to IT hubs like Kalyani Nagar, Viman Nagar and Koregaon Park is what has enhanced the appeal of the area as a residential destination considerably. Besides, there are many other industrial areas like Wagholi, Ranjangaon, Hadapsar, Sanaswadi etc in the vicinity. It is also renowned for housing the prestigious EON Free Zone, where the EON Knowledge Park is located. Some of the corporate giants which have facilities here are Tata Communications, Reliance, Wipro and Polaris. Besides, there are many other renowned companies here like Eaton Technologies, Allscripts, Mphasis, Zensar Technologies etc.

Wasim Mohammad, Pune

30th May 2014