Project Of The Week: World City Pride, Pune
A thriving metropolis and a melting pot of all cultures and religions, Pune has now become a city of choice for realtors and property seekers, too. The city, which has emerged as one of the biggest IT hubs in India and houses the largest automobile manufacturing companies, is also known for its residential real estate spread. Real estate in Pune caters to a wide range of property seekers looking for homes ranging from affordable to luxury for both residential and investment purposes. To capture this fast rising real estate market, Pride Housing has come up with one of its latest residential projects here under the name of Pride World City, in the Lohegaon area of Pune.
PropGuide takes a closer look at the project:
The project
World City Pride, an under-construction project, has been designed to cater to the modern-day home buyers, providing a spacious apartment filled with utmost comfort and luxury. There are 1,296 apartments in World City Pride available in the configurations of 1-BHK, 2-BHK and 3-BHK.
The project, launched in September 2014, is likely to be ready for possession by December 2018. The developer has laid special focus on design of the project, covering every aspect of beauty, comfort and symmetry. The residential units here are available in sizes ranging from 690 sq ft to 1,424 sq ft. The community has plenty of amenities to offer. These include:
The locality
Lohegaon, an area that houses Pune International Airport, has become one of the most sought-after residential areas of the city, with well-developed infrastructure. Considered one of the safest areas in Pune, it offers good opportunities for investors as well for residential property seekers. Lohegaon also has an Air Force base, known as 2 Wing, one of the oldest air bases in India.
The area lies adjacent to prominent localities like Dhanori, Vimannagar and Wagholi.
Some of the key location-based advantages of World City Pride are:
Educational institutions: Rambhau Moje School, Sant Tukaram Junior College, Immanuel English Medium School, and Jivan Shikshan Mandir
Health care: Kashinath Hospital, Mauli Hospital, Clinic and Dr Chavan Hospital & Research Centre
Shopping & recreational centres: Central 2, Ishanya Mall and Mariplex Mall, Diamond Water Park
Thoroughfares: Airport Road & Pandharpur road
As one of the major centres of learning in India, with several colleges and universities, Pune is emerging as a prominent location for IT and manufacturing sectors. Pune has the eighth-largest metropolitan economy and the sixth-highest per-capita income in the country. Pune International Airport is an international airport located at Lohegaon. Local trains connect Pune to the industrial town of Pimpri-Chinchwad and the hill station of Lonavala, while daily express trains connect Pune to rest of India. The Pune Metro system has been proposed and is being planned in consultation with the Delhi Metro Rail Corporation Limited. With development in infrastructure, the real estate market in Pune has witnessed a high rise in demand.
The price
The 1-BHK units here are available with an area of 690 sq ft; 2-BHK ones are spread over 784 sq ft, 1,000 sq ft and 1,002 sq ft; and 3-BHK units are available with an area of 1,258 sq ft or 1,424 sq ft. All apartments here are priced at Rs 5,050 per sq ft.
The developer
Pride Housing, founded in 1995, is a leading real estate developer with a strong presence in Pune, Mumbai and Bengaluru. Pride Group has constructed 10 million sq ft of land spaces in Pune and Bengaluru, while 40 million sq ft of area is currently under construction. Pristine, Springfields and Wilasa in Bengaluru, Irene Tower in Pune are some of the key projects of this group.
PropGuide's remarks
Parameters | Remarks |
Project | Very good |
Price | Good |
Locality | Good |
Developer | Good |
Overall recommendation
With a large number of people flocking to the city and more and more residential projects being developed amid a high demand, the city has become one of the most sought-after real estate destinations. Considering the ever-rising property prices in Pune, this may be the right time to invest in the city.
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