Investment in real estate is considered to be the safest by Indian investors, even if the market would portrait otherwise. Overtime investment in real estate will show rise in value and prove to be good in the cash value of the property you have purchased. The most rewarding returns one gains is from commercial real estate. The best thing you can do while investing in real estate is using demographics; if you buy in the right location, it will benefit you in more than one way. Nowadays, millennials are with different mindset in terms of buying home, as they give a lot of thought before investing in real estate.
If we use the dynamics of demographics to find suitable property for investment in Pune, Kharadi would be the top priority for any investor. Situated along the banks of the scenic Mula-Mutha River and only 7 Kms from Pune airport, Kharadi is known as the latest IT hub of Pune and has seen significant development in the real estate market since 2013. Kharadi has grown immensely in the past few years in terms of IT set up for such companies like Zensar Technologies, World Trade Centre, and EON IT Park, Kharadi IT Park, Magarpatta Cyber city and Cerebrum IT Park. Mostly famous for EON IT park which has EON Zone as well as Special Economic Zone (SEZ) and which houses EON Knowledge Park, many more companies have made their base in the vicinity of kharadi like Mphasis, Zensar Technologies, Tata Communications, Reliance, Wipro and Polaris.
Property prices in kharadi have gone up from Rs 3500 per sq ft in 2008 to Rs 5200 in 2013. There has been significant growth of 35 % in the price in kharadi. Today's trending price is between Rs 4800 to Rs 7500 per sq ft. The lowest price in kharadi is Rs 4850 per sq ft in which one can bag a 1 BHK apartment with a leading developer like Gagan Developers, 1 BHK apartment in Gagan Avencia starts from 30 lacs onwards. You can find luxurious 4 apartment in Panchshil Towers starting from 2.65 crore.
Well connected with city, Kharadi has easy access to Pune airport via Ahmednagar bypass road which further connects to Pune- Solapur highway. Within close proximity to Hadapsar, Wagholi, Magarpatta, Chandan Nagar and Mundhwa, kharadi has become the most ideal location for investors.
There are residential apartments in Kharadi available in configuration of 1, 2, 3 and 4 BHK. You will also find high end luxurious apartments of 4 to 5 BHK with configuration of 2500 sq ft to 4500 sq ft. Residential apartments can fetch you rent from Rs 12000 per month for 1 BHK and can go up to Rs 30000 for a 3BHK.