by Mr. Kishor Pate, Amit Enterprises Housing Ltd.
The city of Pune is
constantly expanding, causing demand for homes in new areas and thereby
boosting the faster development of these locations.
Undri is not a new
entrant on the Pune real estate landscape, but it is now gaining increasing
prominence
because of the
massive rise in demand for affordable housing in this precinct.
The majority of
property buyers are looking for homes that cater to their families' needs while
at the same time remaining affordable.
With the NIBM area
having yielded maximum demand that has resulted in a host of projects that are
priced above baseline affordability, Undri has now become a major contender to
catch the expanding demand from there as well as highly developed areas
likeSalunke Vihar and Wanowrie.
Undri has now emerged
as one of the most viable residential property destination in Pune. While for
many years it lacked the kind of infrastructure that garners interest from the
buyer and investor community, this is now changing rapidly.
The demand from the
city's manufacturing and IT sectors has encouraged more and more developers to
concentrate on this vibrant and promising area.
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| Kishor Pate, Amit Enterprises Housing Ltd. |
Importantly, areas
like Undri are ideal for offering residential options to the budget homes buyer
segments and at the same play a significant role in relieving the pressure of
urbanization on the city.
In fact, Undri now
has many options both in the affordable and premium property categories, which
is giving new prominence to the area,
In terms of location,
Undri has very definite USPs. It is enticingly close to Pune Camp and has the
additional advantage of being well connected to various key localities in Pune
via local and interstate highways.
At the same time, it
retains its serenity and dense green cover protected by Government regulations,
which has turned into a major draw for property buyers who are tired of the
concrete jungle life with its pollution and traffic congestion.
Proximity to Wanowrie
and NIBM ensures that residents in Undri have access to all necessities of
daily living such as shopping, healthcare, entertainment and ample public
transport. It is an ideal residential real estate location, and one of the few
in the more central part of Pune which still offer the city's laid-back natural
charm at affordable rates.
Undri also benefits
from its proximity to the IT and ITeS hubs of Magarpatta and SP Infocity and
also the thriving high street shopping area of MG Road. As a result, Undri is
increasingly patronized by employees from the close-by IT / ITeS companies.
With the widening of
the Katraj-Kondhwa-Phursungi-Solapur highway, Undri is going to be even more
connected and accessible.
The fact that all
parts of Undri will soon be included within the Pune Municipal Limits is
attracting significant interest from property investors who are banking on
incremental value growth on the heels of even more infrastructure development
in this area.
About the author
Mr. Kishor Pate is
CMD at Amit Enterprises Housing Ltd.
For media Contact
Jay Kalghatgi
Client Interface -
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