by Mr. Kishor Pate, CMD – Amit Enterprises Housing Ltd
The
city of Pune has been acting like a magnet for the working masses. The growth in
the IT/ITeS, hospitality and services sectors has been creating a steady demand
for residential properties, but a lot of the inner city is already saturated.
Development is thus spreading into new locations, many of which are undergoing
large-scale transformation. One of these locations is Undri which, though one of
the more recent entrants in the Pune real estate market, is already witnessing
huge housing demand for several reasons.
First
and foremost, most home buyers in Pune are in search for affordable housing that
will cater to their families’ spatial needs while at the same time not being too
far removed from the advantages of the city.
Locations like Wanowrie, Salunke
Vihar and NIBM have already reached maximum capacity in terms of meeting this
demand, and have by and large become too expensive for the taste of budget home
buyers. The demand for affordable housing that can no longer be met in these
locations has now percolated into Undri.
As
recently as 4-5 years ago, Undri lacked the kind of infrastructure that would
attract residential real estate buyers and investors. However, things have
rapidly changed since.
The growth of the manufacturing and Information
Technology sectors in the adjoining areas has made Undri the new Mecca of real
estate development, and Pune’s leading developers are now part of the action
there.
Today, Undri offers both budget and affordable luxury segment housing,
which means that it addresses a broad cross-section of Pune’s real estate
demand.
Undri’s
superior location advantages have worked well in its favour. It is conveniently
close to Pune Camp, and is also easily accessible from various other key centers
in Pune.
Road-widening initiatives and other infrastructure enhancements are
constantly adding to the value of this location on Pune’s real estate
map.
Being
close to NIBM, Salunke Vihar and Wanowrie, Undri provides easy access to
shopping, entertainment and healthcare, but the biggest advantage it offers to
residents is the fact that it is conveniently close to the IT and ITeS hubs of
SP Infocity and Magarpatta.
This factor makes Undri a very desirable location to
transferring employees and new job takers in these establishments.
With
Undri now having been partially absorbed into the Pune Municipal Limits and the
rest soon to follow, it is very attractive to real estate investors. This will
in turn induce the counter effect of faster infrastructure development and
commercial activity.
 |
| Kishor Pate, CMD – Amit Enterprises Housing Ltd. |
Between 2014 and 2015, when real estate markets across the
country were experiencing decent, Pune was able to hold its own – largely thanks
to cost-effective, high-demand locations like Undri, which has been attracting
demand from blue-collar as well as white-collar professionals who are looking to
upgrade their current living standards.
Undri
is perfect for home seekers who are looking for a way out of the concrete
jungles of the saturated inner city. It is a well-planned residential location
with hospitals, schools, commercial hubs, shopping and recreation within easy
reach, yet affordable to the largest segment of home buyers in Pune.
About
The Author..!
Mr. Kishor Pate, Chairman &
Managing Director of Amit Enterprises Housing Ltd. is the driving force behind
one of the most successful real estate development firms in Pune and beyond.
Apart from its signature luxury homes towers and premium gated townships, AEHL
has also launched highly successful affordable housing projects like Astonia Classic and Colori in Undri
and the Mediterranean-style township Astonia Royale in Ambegaon.
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