Project Of The Week: Saarrthi Group Suburbia

With the emergence of Pune as one of the most vibrant metropolis, an information technology hub, an education epicentre, and home to some of the biggest automobile as well as manufacturing companies, the city is now being deemed as the most desirable city in India to invest in real estate.

What makes the city different from other leading real estate centres in India is its proximity to several hill stations, forts, places of pilgrimage, beaches and weather conditions. The city is also known as a pensioner's paradise with a large number of retired professionals investing in their retirement homes here owing to its serenity. Witnessing a huge demand for apartments in Pune, top domestic and even international developers are making a beeline here.

One such developer is Saarrthi Group which has launched a project, Suburbia in Lonikand, Pune.

PropGuide takes a closer look at the project:

The project

Suburbia, an under-construction project, offers a range of 1BHK, 2BHK and 3BHK apartments filled with utmost comfort and luxury. There are 432 apartments in Surburbia that are up for sale.  

The project, launched in April 2014, is likely to be ready for possession by June 2017. The residential units here are available in sizes ranging from 556 sq ft to 1,034 sq ft. The community has plenty of amenities to offer. These include:

The locality

Lonikand is a small town located in Pune which is 24 kilometers northeast from the city. The area is surrounded by areas including Pimpri-Chinchwad (West) , Haveli Taluka (South) and Khed (North) , Wagholi, Sanaswadi and Lohegaon. The region is enclosed by River Indrayani, Bhima and Mula-Mutha. Known as one of the fastest growing urban territories in India, real estate in Lonikand has witnessed huge demand.

Some of the key location-based advantages of Suburbia are:

Educational institutions: St. Vincent's High School, Don Bosco High School, Holy Spirit Convent School, Symbiosis Institute of Management Studies, Hutching's High School and The Bishop's

Health care:  KEM Hospital Vadu, Noble Hospital, Ruby Hall Clinic, Jehangir Hospital and Inlaks & Budhrani Hospital

Shopping & recreational centres: Ishanya Mall, Aaiji Shopping Centre, Manjusha Shopping Centre and Mall

Thoroughfares:  Samrat Ashok Road, State Highway 27

The price

The 1BHK units here are available with an area of 556 and 564 sq ft; 2BHK ones are available in sizes 770 sq ft, 782 sq ft, 797 sq ft and 807 sq ft; and 3BHK units are available with an area of 978 sq ft, 992 sq ft and 1,034 sq ft. All apartments here are priced at Rs 3,350 per sq ft.

The developer

Saarrthi Group is one of the leading Pune-based real estate developer. The group deals with construction of both residential and commercial properties. Saarrthi Group has delivered more than 24 projects with a total built up area of over two million square feet covering residential, commercial and office spaces. Top projects developed by this group are Swapna in Kothrud, Satin Hills in Bavdhan, Sinclair in Warje, Saarrthi Aavyakul in Kothrud and Srishti in Kothrud.

PropGuide's remarks

Overall recommendation

Real estate in Pune is being explored by home buyers of different ages and income groups owing to the large number of offices and manufacturing units here and many residential projects are being developed to cater this high demand. Considering the continual rise in property prices in Pune, investing in a property here could be a viable option for property seekers.

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