by Mr. Kishor Pate, CMD – Amit Enterprises Housing Ltd.
No discussion on Pune's real estate boom areas is complete
without an extensive examination of Ambegaon.
This fertile and rapidly developing area is rapidly turning out
to be among the most energetic property boom regions in Pune.
Most favoured location
More and more of the city's home buyers are now opting for
properties in areas that offer uncluttered and bracing environment. Ambegaon is
one of the most favoured locations in this respect, as offers generous greenery
and hilly surroundings as well as excellent connectivity.
Ambegaon has also come into the limelight by emerging as a magnet for home seekers with religious inclinations. The Veeraliyam Temple located in Ambegaon, has by now been drawing worshipers from Pune, Mumbai, Chennai and beyond for over three years. Fully equipped with a 'Goshala', 'Dharmashala' and 'Bhojanshala', this very important Jain temple has a capacity to accommodate 500 visitors at a time and distributes 'prasadam' thrice a day.
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| Mr. Kishor Pate, Amit Enterprises Housing Ltd |
Ambegaon has also come into the limelight by emerging as a magnet for home seekers with religious inclinations. The Veeraliyam Temple located in Ambegaon, has by now been drawing worshipers from Pune, Mumbai, Chennai and beyond for over three years. Fully equipped with a 'Goshala', 'Dharmashala' and 'Bhojanshala', this very important Jain temple has a capacity to accommodate 500 visitors at a time and distributes 'prasadam' thrice a day.
The temple was launched by its trustee Mr. Chhaganlal Gundesha,
who donated his personal property for this unique place of worship which,
though primarily for Mahaveer Jains, is open for all communities.
Likewise, Ambegaon will soon boast of its very own Swaminarayan temple - again primarily a major worship destination for Jains but an attraction for all religions.
Likewise, Ambegaon will soon boast of its very own Swaminarayan temple - again primarily a major worship destination for Jains but an attraction for all religions.
This temple will be spread over a massive 27 acres at Narhe,
Ambegaon and be a focal point for followers from Gujarat, Mumbai and Pune.
Its development as a religious destination has added a completely new facet to real estate at Ambegaon and is now creating demand for homes across all typologies and budget segments.
Its development as a religious destination has added a completely new facet to real estate at Ambegaon and is now creating demand for homes across all typologies and budget segments.
Yearly appreciation 20-25%
Yearly appreciation has so far been clocking in at between
20-25%, but with the arrival of these major temples, Ambegaon has now become an
investment hotspot that will have few precedents in Pune over the next five
years.
Historically, the real estate market in Pune is eminently suited for diversified offerings in a single location, and the areas that work best are those that offer buyers multiple options in terms of configurations, sizes, budgets and positioning.
Today, Ambegaon has already evolved into a market that provides them with the largest range of choices in this respect, be it in terms of flats, villas or bungalows. Amit Enterprises Housing Ltd. has recently launched new phases for both its budget homes project Astonia Royale and Bloomfield, the premium Singapore-themed township.
Investors are increasingly attracted to the rapid growth of property rates in Ambegaon, which are fuelled both by its own inherent market drivers and the rapid development of areas like Sinhagad Road, Bavdhan, Wagholi, Bhugaon and Undri. These locations have been catering to the next wave of information technology-driven demand for homes and have appreciated considerably.
Historically, the real estate market in Pune is eminently suited for diversified offerings in a single location, and the areas that work best are those that offer buyers multiple options in terms of configurations, sizes, budgets and positioning.
Today, Ambegaon has already evolved into a market that provides them with the largest range of choices in this respect, be it in terms of flats, villas or bungalows. Amit Enterprises Housing Ltd. has recently launched new phases for both its budget homes project Astonia Royale and Bloomfield, the premium Singapore-themed township.
Investors are increasingly attracted to the rapid growth of property rates in Ambegaon, which are fuelled both by its own inherent market drivers and the rapid development of areas like Sinhagad Road, Bavdhan, Wagholi, Bhugaon and Undri. These locations have been catering to the next wave of information technology-driven demand for homes and have appreciated considerably.
Ambegaon already benefits from closeness to the Mumbai-Bangalore
Bypass and NBN Sinhagad Technical Institute.
Demand for homes from
all income segments
Also, Ambegaon is still the area of choice when it comes to natural ambiance, freedom from traffic congestion and pollution. This is an important factor for a real estate location, since green scenery and unspoiled surroundings attract demand for homes from all income segments.
For all these reasons, Ambegaon has pulled ahead of most
neighbouring locations and is attracting demand for ownership homes and
investment properties from both within and outside the city.
About
the author
Mr. Kishor Pate is CMD at Amit Enterprises
Housing Ltd, Pune
For Media Contact
Jay Kalghatgi
Client Interface - CopyConnect
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