Sinhagad Road:Pune’s investment destination
Given the rapid upsurge in property values in Pune’s city center the peripheral areas have come under the scanner of home buyers and investors alike. Sinhagad road in the south of Pune, is one such area which has grown tremendously in the last five years and has the potential to go beyond.
As per property consultants, the area is a potential option for investors since capital values have appreciated by 38% in the last 1 year. For a 1BHK unfurnished apartment, the rent stands in between Rs 5000- Rs 10000 per month, while for a furnished one it can run between Rs 10000-Rs 15000 per month. For a 2BHK, it can go up to Rs 15000- Rs 20000 per month.
Growth Triggers-Infrastructure and connectivity
Located to the south of Pune, Sinhagad road offers easy connectivity to the IT hubs at Hinjewadi and Baner, and the connects the Mumbai-Pune Highway via the AH-47. Due to its close proximity to Khadakwasla Dam (1.2km), the locality is laced with adequate water supply.
Amenities such as banks, schools, restaurants etc. are all available in the locality within 5km radius. Furthermore, a 9-km long road is in talks that will lead to Sinhagad Fort. Furthermore, one of the four corridors by the PMC for the BRTS is -Dhayari to Hadapsar, will pass from Sinhagad road.
Demand for new projects
On account of good connectivity and sound infrastructure, key developers have launched their projects on Sinhagad Road, such as Shree Saikrupa Developers, Hemant Group, Shree Malhar Associates, D S Kulkarni Developers and Rohan Developers etc. The newly launched projects in the locality offer 2 and 3 BHK units and fall in the capital range of Rs 60lakh- Rs 3 Crore.
Nanded City (which is 2.1 km from the Mumbai-Bangalore expressway), is a 700 acre mega township is also one of the significant reasons for rise in demand in Sinhagad road. This mega township will be inclusive of all the amenities and will generate ample job opportunities. In addition to it, it will also trigger the housing demand in the region.
