I agreed with you. At the same time, the key real estate drivers for this region have been the development of Viman Nagar and Kalyani Nagar as premium residential locations and development of the IT or ITeS and retail corridors of Nagar Road and Kharadi. And the activity is primarily led by small and mid-level developers who are targeting the affordable and mid-segment buyer. The interest of developers has now moved further towards Lohegaon and Dhanori, which are emerging as the new residential hubs in the neighborhood. Besides the airport, Lohegaon also enjoys intercity connectivity using public transport.
Hello Upendra,
Here is the list of the proposed plan by Pune Municipal Corporation - 1) Development of new roads in the area around the airport for the convenience of the passengers coming and going from the Lohegaon airport to other parts of the city. 2) Separate DP proposed for 11 merged villages.
Apart from that, the social and physical of the Lohegaon - Dhanori region is showing sign of improvement. Widening of existing roads is a big pull factor for Residential properties in Lohegaon, Pune. The 170 km long proposed Ring Road, which will pass from neighboring Charoli and 3-4 km from Lohegaon-Dhanori, will act as a major driver to encourage real estate activity at a faster pace in this region.
The most important aspects are that the demand for property here depends on the commercial developments in Kharadi-Hadapsar, Yerwada and on Nagar Road. The high residential price leading to mid-segment buyers to look actively at growth corridors such as Lohegaon and Dhanori due to their comparatively low price. On the social infrastructure front, the region is dependent on entertainment available in neighboring Viman Nagar. The current residential price in the submarket range from Rs.3950 - 6250 per sqft. If you are planning on Flats/Apartments for sale in Lohegaon, Pune then looks at this project called Someshwar Purple Touch Ph-3.