Project Watch: Gagan Properties Emerald, Pune

A leading property developer, Gagan Properties, has come up with its latest development, Emerald located in Kondhwa, Pune. 

The Product

The Emerald is build over an area of over 6 acres and offers 286 apartments across 8 towers. These apartments are 2BHK and 3BHK units in sizes varying between 598 and 2019 sq. ft. The interiors have the perfect finishing with the flooring done with anti-skid vitrified tiles. Some of the amenities available for the residents are:

Gymnasium

Swimming Pool

Landscaped Gardens

Children's play area

Rain water harvesting

Jogging track

Clubhouse

Intercom

Power backup

Amphitheater

Power backup

The Locality

Gagan Properties Emerald is located in Kondhwa, an established suburb located in southeast Pune. It is in close proximity to several important destinations in the city. Some of the locational advantages of the area are:

The prominent neighboring areas are NIBM, Salunkhe Vihar, Bibwewadi and Lulla Nagar.

Key educational institutions of the area are IITM School of Management Studies, Eurokids, Noble College of Commerce and Information Technology and Vishwakarma Global Business School.

Some of the hospitals easily accessible from here are National Hospital, Siddiqui Unani Hospital and Satyanand Hospital.

Magarpatta City commercial hub is at a distance of 9 kilometers.

The Pune International Airport is at a distance of 16.1 kilometers from Gagan Emerald.

The nearest railway station is at a distance of 3.2 kilometers.

Infrastructure and Future Prospects

Kondhwa is a well-developed area that has excellent infrastructure, both physical as well as social. The area is becoming a major attraction for the investors and the end users because of good connectivity. Currently, 78 projects in the area offer ready to move in apartments, 54 projects are under construction, 7 are to be launched soon and one project is on hold. The property in Kondhwa has seen a price rise of about 30.2% in the last 6 months.

Price comparison

The apartments in Emerald are available at a rate of Rs. 4300 per sq. ft. The investments in the area start at Rs. 25.7 lakhs for a 1BHK apartment and the maximum price goes up to Rs. 86.8 lakh for a 3BHK penthouse. Similar projects in the neighborhood such as Raviraj Colorado, Shree Vardhaman and Aster Trinity are available at an average rate of Rs. 4950, 3900 and 5400 per sq. ft. respectively. The average rate of an apartment in Kondhwa is Rs. 4767 per sq. ft.  Looking at the prevailing price trends, Emerald is a very good option for the buyers looking for affordable properties in Pune. Although Shree Vardhaman by AK Surana Developers is a major competition for this project, the amenities and other services justify the price of apartments at Emerald.

PropTiger.com's Rating

Parameter	Rating
Project	Very good
Builder	Good
Price	Good
Locality	Good

Overall recommendations

Owning a property in Kondhwa offers good prospects for both the end users as well as the investors. Emerald is surely a project to consider.

For more information, contact PropTiger.com.