by Mr. Pravin Mahurkar, Jones Lang LaSalle India
Situated on the
eastern side of Pune city, Magarpatta is close to the Kharadi EON IT Park,
Kalyani Nagar, Koregaon Park, Fatimanagar & the Hadapsar Industrial Estate.
Crossing North Main Road towards Koregaon Park annexe approaching Mundhwa Road
is the point of the most talked-about new D.P. road that will connect Koregaon
Park to Magarpatta.
This road, from the
northwest region of Magarpatta City and touching the Botanical Gardens, will
virtually make the Koregaon Park area one of its closest neighbourhood
locations from Magarpatta.
This connecting route
from Magarpatta to Koregaon Park will fuel the development of residential
projects, as it provides a vast improvement in commuting towards the CBD
(Central Business District).
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| Pravin Mahurkar, JLL India. |
Most hip
and happening areas..!
The entire Magarpatta
& Amanora belt is lined with beautiful housing complexes, state of art projects, commercial developments and
an array of shopping outlets, giving a glimpse of one of Pune city’s most
hip-and-happening areas. The rate of development in and around the Magarpatta
belt in terms of residential, retail and commercial real estate has been
significant over the last 2 years.
The ready
infrastructure such as schools, hospitals, offices and IT hubs and the array of
available entertainment options at Amanora Town Centre andMagarpatta complement
the growth of residential property buying in and around the area.
From the standpoint
of residential development, the area at present comprises of major developers
offering quality & affordable housing options. End users and investors in
the budget housing right up to the super luxury & premium housing segments
have a tempting bouquet of options.
The tentative price
range in the area begins at Rs. 4,500 per square feet and goes up to a whopping
Rs. 14,000 per square feet.
The presence of some
premium developers who are creating customized luxurious residential projects
has changed the entire lifestyle housing ethos in the Magarpatta belt. Big
players like Panchshil, Marvel Realtors, Kumar Properties & VTP Group
(Urban Homes) are well established in this area.
Projects like One
North and Yo! Pune by Panchshil and Diva and Ritz by Marvel, Amanora Town and
Magarpatta City are just a few currently present there.
Numerous
Ppcoming Developments..
There are numerous
upcoming developments such as Urban Balance by VTP Group (Urban Homes), Privie
Sienna by Kumar Properties, Bounty and Arco by Marvel Realtors and Ela by
Vascon.
The housing
development along other parameters will have a great impact due to the
connectivity from Koregaon Park to Magarpatta. It will not only ease commuting
and save time but also benefit the overall development of Hadapsar and the
adjoining areas.
About the author..!
Mr. Pravin
Mahurkar is Head (Pune) - Residential Services at Jones Lang LaSalle India (JLL
India)
For Media Contact..!
Arun Chitnis
Head – Corporate Communications & Media
Relations
Jones Lang Lasalle
India
Level 6, Amar Avinash
Corporate Plaza
Bund Garden Road,
Pune - 411001.
Tel: 020 3093 0441
Fax: 020- 4019 6101
Mob: +91 9657129999
Website:
www.joneslanglasalle.co.in
Blog:
www.joneslanglasalleblog.com/realestatecompass
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