Which locality in Pune will give maximum returns in terms of rental?

Q: Hi, Can anybody help me searching rental flats in Pune? Which locality in Pune is best for Rent?

Nitesh Patil, Pune

17th March 2015

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Replies (3)

Thanks once again Bhaskar,
How far is Pune International Airport and which is the nearest Railway Station? How is the lifestyle of the people of this locality? Are all the basic facilities nearby?

Sunil Joshi, Mumbai

17th March 2015

Comment

As i know that the Pune International Airport in Lohegaon is about 4 km away and the nearest railway station is only an 8 minutes drive away at 7 km distance.

It is an up-market locality fully equipped with major retail brands. Presence of facilities such as schools, hospitals, banks and restaurants also contributes to its popularity. Sound infrastructure is an important element in making Vishrantwadi a preferred investment choice.

Bhaskar Chandavarkar, Pune

17th March 2015

@ Sunil,
Do you know that Vishrantwadi is located hardly 3 km away from Yerwada Jail Road, where all major IT companies have their base like TCS and IBM. It is ideal for those working in the nearby IT companies, Vishrantwadi is the ideal location to enjoy connectivity, affordability and a good lifestyle. Being a promising rental location for IT companies, demand in the rental market has largely gone up.

Bhaskar Chandavarkar, Pune

17th March 2015

Comment

Well Bhaskar,
I heard that a 1BHK apartment will rent around Rs. 6000-18000/month whereas a 2BHK apartment, you would have to pay Rs. 9000-25000 as monthly rental. Is it right ?

Sunil Kulkarni, Pune

17th March 2015

You are absolutely right Sunil,
Vishrantwadi enjoys good connectivity to all parts of the city. As it is situated along the Alandi Road and is well connected by both buses and autos. Main roads connecting Vishrantwadi to other parts are Dhanori Road and Tingre Nagar Road (Vishrantwadi Airport Road). Vishrantwadi Pune Mahanagar Parivahan Mahamandal Limited ensures frequent bus services.

Bhaskar Chandavarkar, Pune

17th March 2015

Hi Nitesh,
over 60% of the tracked localities in Pune saw a rise in rental values wherein Vishrantwadi recorded the maximum increase. It is strategically located in Central Pune ensures maximum rental returns as compared to other areas. There is a constant demand for rented accommodation by IT professionals whose offices are in and around Viman Nagar, Kalyani Nagar and Yerwada (all located within 3 to 5 km radius). As all these areas are over priced in terms of buy/sell and rent therefore people prefer Vishrantwadi.

Bhaskar Chandavarkar, Pune

17th March 2015

Comment

Thanks for the information Bhaskar,
Can you tell me what makes Vishrantwadi high on rental demand?

Sunil Kulkarni, Pune

17th March 2015

Well Sunil,
Proximity to IT hubs, affordable rents, connectivity and good life style are the few key areas that makes Vishrantwadi high on rental demand.

Bhaskar Chandavarkar, Pune

17th March 2015