What Makes Pune's Kalyani Nagar An Attractive Real Estate Hotspot
Investing in a property at a strategic location is the key to a good investment. Pune is one of such cities that is home to such locations that assures strong returns. Over the past few years, Pune has been attracting attention of developers, home buyers, and investors. This has had a positive impact on the property rates in Pune, which have witnessed an increase of 4.1 per cent in past 41 months. If you are looking for affordable flats in Pune, then Kalyani Nagar is a great location. This area houses some of the leading IT companies and many corporate giants. Thus, pushing the demand for apartments in Kalyani Nagar.
PropGuide lists the factors that makes Kalyani Nagar a great locality in Pune:
Strategic location
Kalyani Nagar's strategic location is one of the emerging real estate destination located on the Eastern Corridor of Pune. It is located between Koregaon Park and Viman Nagar and its proximity to Kharadi and Hadapsar makes it a perfect destination for IT/ITES companies. Moreover, its proximity to Aga Khan Palace, Phoenix Market and the Pune-Mumbai Expressway makes it a profitable locality to invest in. More and more developers are getting attracted to the locality.
Smooth connectivity
The smooth connectivity is another reason that boosts the demand for real estate in Kalyani Nagar. The main roads of Kalyani Nagar are East Avenue, West Avenue and Central Avenue. Nagar Road connects the locality to Yerawada, Viman Nagar and Shastri Nagar. The recently constructed 300-metre bridge connects Kalyani Nagar to BT Kawade Road. Railway station and airport are just at a distance of around six and four kilometres, respectively. This smooth connectivity adds to the comfort of the residents. As a result, the demand for houses increases leading to an increased demand for plots in Kalyani Nagar.
Corporate space
Kalyani Nagar is known to house BPOs of IT and ITES companies. Some of the companies in Kalyani Nagar include HSBC, Cybage, Mphasis and Mastek. Thus, attracting a large working population to the locality and creating demand for apartments in Kalyani Nagar.
The growth both commercial and infrastructural has grabbed the attention of real estate investors here. Thus, encouraging developers to create more apartments in Kalyani Nagar. Some of the developers in Kalyani Nagar are Realty Trump Towers, Verde, Bramha Builders Waterbay, SR Towncon Sai Sapnaa Town and Goel Ganga Siddharth Ganga. One of the most prominent project in Kalyani Nagar is the well-known Trump Towers, being developed by Trump Group in collaboration with Panchshil Realty.