Ravet in Pune offers Affordable residential options aplenty
Ravet is a prominent residential micro market located about 22 km from the heart of Pune city, on its north-west periphery. It comes within the Pimpri-Chinchwad Municipal Corporation (PCMC) limits and has come to be recognised as an area renowned for its affordable residential options. Compared to other areas in the vicinity like Pimple Nilakh, Hinjewadi, Balewadi, Wakad and Baner, residential rates at Ravet are considerably less. The area aslo offers excellent connectivity due to which there has been tremendous demand for residential accommodation here.
Connectivity
Even though Ravet is located along the fringes of the city, it offers excellent connectivity to the city through the Mumbai-Pune Bypass Road (NH-4). Some of the other major roads connecting the area to other destinations are the Old Mumbai-Pune highway and the Aundh-Ravet Road, among others. The area has a well-knit road network with many bus stops dotting it. The nearest railway station from the area is the Akurdi railway station located about 2 km away. The Pune International Airport is located about 33 km away along the Old Mumbai-Pune highway.
Infrastructure
Despite being located on the fringe of the city, Ravet has quite a few good infrastructure facilities. Some of the reputed educational institutions here are SB Patil Public School, DY Patil College of Engineering and DY Patil Institute of Management Studies, among others. There are also many prominent hospitals in the area like Ojas Multi-speciality hospital, Dharaskar hospital and Varad hospital, among others. Ravet also has some important religious institutions in its vicinity like the ISKCON temple, the Kalamjai Mandir and the Ram Mandir, among others. Besides, there are many other facilities like banks, shopping centers and restaurants, among others in the vicinity.
Realty Scenario and Developers
The most commonly seen residential unit types seen in Ravet are 1 and 2 BHK apartments. Some of the important completed apartment projects here are Vakratund Aaditya Terraces by Vakratund Developers, JJ Harmony by JJ Promoters and Anand Sagar Vihar by Anand Developers, among others. There are also many upcoming apartment projects here that include Aqua Marina by Green House Ventures, Rohan Silver Gardenia by Rohan Constructions and ABC Swaraaj Avenue by ABC Properties, among others.
The values of affordable apartments in Ravet ranges between Rs 3,500-4,000 per sq. ft. Hence, an average 2 BHK affordable apartment here costs between Rs 30-40 lakh, with the area for such units ranging between 700-1000 sq. ft. A similar sized apartment in some of the surrounding areas ranges between Rs 40-50 lakh. Some of the important residential pockets in Ravet are Mukai Nagar, Mauli Park, Ganesh Nagar, Shinde Vasti, Kiwale, Kothkal Nagar and Adarsh Nagar, among others.
Future Prospects
Ravet has the prospect of developing into a prominent residential area for affordable housing. The demand for affordable residential accommodation in the area has been surging in recent times due to which developers are embarking on many such projects. Considering that the area offers excellent connectivity, traveling to the city as well as to other areas across the city is a breeze. However, the development of infrastructure in the area will give it a much needed face-lift in terms of livability.
