Pune Luxury Homes

by Ashwinder Raj Singh, 

CEO – Residential Services, 

JLL India

Pune is no longer the small city whose only claim to fame was its proximity to Mumbai. The city whose real estate market has survived not only on urban but also rural demand emerging from the hinterlands of Maharashtra is today an individual economic powerhouse in all respects.

Pune is certainly a highly-preferred retirement destination with a rate of job generation that is hard to match, and the youthful element that really drives 

the city is hard to miss.

·   Koregaon Park..!

Koregaon Park, located in the southern part of the city, is one of the most prestigious localities in Pune. It is an upmarket area that offers the best high-end luxurious apartments and bungalows, and predominantly appeals to the city’s affluent.

The area has witnessed significant development, with numerous high-rise apartments, commercial establishments, retail stores and entertainment avenues now dotting Koregaon Park. Supply on both the commercial and residential real estate fronts was extremely limited until recently, with a number of new projects now augmenting the pipeline. Residential properties here can cost anything between Rs.13000-16000 per sq.ft and above, depending on exact location and building typology.

·   Kalyani Nagar..!

Kalyani Nagar has emerged as one of the most prominent and established commercial and residential real estate hubs on the eastern corridor of Pune. Strategically located between Koregaon Park and Viman Nagar, Kalyani Nagar benefits from close proximity to the airport, railway station and also to Kharadi and Hadapsar.

This makes Kalyani Nagar an ideal destination for IT/ITES companies. Priced at an average of Rs.9000-13000 per sq.ft, residential properties in Kalyani Nagar definitely command a premium over most of the other localities in the city.

·   Boat Club Road

Situated along the Mutha River, Boat Club Road offers close proximity to the airport, railway station and the city‘s primary business districts such as Dhole Patil Road and Bund Garden Road.

At a stone’s throw away from this micro-market is a cluster of malls, market places, schools, hospitals and entertainment hubs. Boat Club Road is located about 4 km north-east of the heart of the city, and is arguably the most upmarket residentialdestination of Pune. Prices average at about Rs.13,500 – Rs.15,500 per sq.ft. in this area.

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