Kharadi – Pune’s new residential hub
There was a time when Kharadi wasn’t even considered as an area with development potential. The infrastructure was weak, it wasn’t easily accessible and the scope for constructing residential projects was bleak. Fast forward to today, and things are quite different.
In the span of about 6 years, Kharadi has lured some of the biggest IT companies, thanks to its close proximity to areas like Viman Nagar and Koregaon Park. The IT Parks have played a crucial role in the development of the infrastructure and brought in an influx of young professionals, thus increasing the demand for residential projects. Top builders in Pune, now look at Kharadi in a very different light and are planning projects ranging from 1 BHK and 2 BHK, going up to 4 BHK. Developers are also looking at building townships, which have increased investment opportunities, making Kharadi a much more attractive real estate destination. There was a time when the supply of water was a major issue, but that too has been tackled. What is most impressive about Kharadi is the rate at which it has grown. It has literally gone from being a village to a residential and IT hotspot in less than 6 years!
Apart from good roads and basic infrastructure, Kharadi has also benefited by improvements in its social infrastructure. Several schools and colleges lie very close to the area, while entertainment centres like Amanora Town Centre, Seasons Mall, and Phoenix Market City are a stone’s throw away. If you drive down the Solapur Highway from Kharadi, you are greeted by a number of restaurants, theatres and shops on M.G Road. The problem of not being easily accessible and bad connectivity is now a thing of the past.
Since there is ample land still available, the development is taking place in a planned and phased manner, unlike other areas where inadequate planning has caused many problems. This being the case, Kharadi has shown glimpses of being an extremely sought-after area in the coming years, for buyers and investors alike. Residential projects in Kharadi are some of the best in the city and come with a range of amenities and the best specifications.
The prices of the properties have almost doubled in the last 6 years and show signs of an upward trend. So whether you are an investor or the end user, buying a flat in Kharadi is surely a safe bet.