How is the locality of Mohammed Wadi for investment?

Q: I want to invest my savings into real estate. I have chosen Mohammed Wadi, Pune as it is a under-develop localities in Pune. Is it a good bet?

Pravakar Saxena, Pune

6th September 2018

Investment Advice in Mohammadwadi, Pune

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As far as connectivity is concerned, Mohammedwadi is developing into one of the best suburbs of Pune and currently houses a number of educational institutes, leading restaurants, entertainment joints and supermarkets to cater to different sections of people. The area is also well linked to suburban zones like Pisoli and Hadapsar. I am sure that PMC administration will be able to provide basic civic infrastructure to its residents. As a result, demand for rental properties will be seen in the locality in the days to come. The current rate of rental properties are between Rs.4500-25000 per month depends on the size of the flats and the amenities provided by the owner.

jitu jayswal,

12th September 2018

Comment

Hello Pravakar,
Mohammad Wadi is a major residential zone, located in the south-eastern fringe of Pune city. A sleepy panchayat village till 1996, Mohammad Wadi has emerged as an attractive destination for home buyers due to its future potential coupled with good connectivity to Kondhwa-Katraj Bypass, Solapur Highway, Mumbai-Bangalore Expressway and Lohegaon Airport through the Hadapsar-Kharadi Bypass. The locality came under the jurisdiction Pune Municipal Corporation (PMC) in the year 1997 and infrastructural delay are constantly being fixed in the area at present.

Shweta Salunkhe, Pune

12th September 2018

Comment

Yes, i quite agree with Shweta. Connectivity to areas like Wanowrie and Kondhwa can be one of the reasons for the boost in development of the area while Hadapsar is also easily accessible from Mohammadwadi. There are several high end residential projects that are coming up in this suburban zone which is dotted with beautiful hills and lovely forests.
Mohammadwadi offers excellent connectivity to the Solapur Highway, Lohegaon Airport (via the Hadapsar-Kharadi Bypass), Kondhwa-Katraj Bypass and the Mumbai-Bangalore Expressway. Pune International Airport is located at a driving distance of 20 km via Beed-Ahmednagar-Pune Road, and Mundhwa Road. Pune Junction is also situated at a distance of 10 km.

Raajan, Hyderabad

12th September 2018