Why Pune's Mundhwa Is A Happening Real Estate Market
Mundhwa is an eastern Pune locality where real estate markets have begun to grow. Bordered by the Mula River on its north, Manjri towards east, Hadapsar in the south and Ghorpadi in the west, Mundhwa is in an ideal location. This makes Mundhwa an emerging residential hotspot. Mundhwa real estate includes residential properties and a flourishing industrial zone. While there are affordable flats in Mundhwa, there are also plenty of high-end living spaces too, promising a dream lifestyle to thousands of homebuyers. PropGuide identifies the important factors that transformed Mundhwa into a happening real estate market.
Proximity to information technology hubs
Bustling information technology hubs are located in the neighbourhood of Mundhwa.
Efficient connectivity
Pune Mahanagar Parivahan Mahamandal Limited-run (PMPML) bus services act as an important means of road transport. Pune Airport is the nearest airport at a distance of 7.6 kilometres. This can be accessed through the New Airport Road. The Pune Railway Station is 8 kilometres away along the Ghorpadi Road.
Social infrastructure
Prominent educational institutions in this region include Rise High School, Orbis School, Rajashree Shahu Maharaj Vidyalaya, Lonkar School and High School and Jagriti Public School. Important healthcare institutions are Himadri Himani Ganga Hospital, Gaikwad Hospital, Bharti Hospital, Maternity Hospital, Columbia Asia Hospital and Specialty Hospital, whereas Inorbit Mall, Amanora Town Centre, Phoenix Market and Seasons Mall are some of the shopping malls in this neighbourhood.
Attractive property pricing
Rates of residential properties have risen by 3.2 per cent in the region. The average base selling price or BSP of a residential property is Rs 5,160 per sq ft, which is very reasonable. Godrej Infinity is a successful project in this locality that provides apartments of 1, 2 and 3BHK layouts for prices ranging from Rs 37.2 lakh to Rs 88.7 lakh.
Residential projects in Mundhwa
Godrej Infinity is an expansive 43-acre under-construction residential project which offers 1,252 units of 1, 2 and 3BHK luxury apartments. The size of apartments range from 669 sq ft to 1,597 sq ft. Developed by one of the leading developers in the city, the project comes with a range of high-end amenities as well as excellent connectivity.
Puravankara Purva Silversands is the first beach-themed project in Pune. This contemporary housing property is spread over an area of 20 acres, and offers 623 units of 1, 2, 3 and 4BHK apartments. The size of apartment units range from 603 sq ft to 2,161 sq ft. Purva Silversands is a smartly planned gated community, and offers all modern recreational amenities. Some of the salient features of the project are superior connectivity with proximity to neighbouring towns like Kharadi, Magarpatta, Kalyani Nagar and Koregaon Park.
Mantra Properties Insignia is a promising affordable project which is spread over an area of four acres. It offers 286 units of 1, 2 and 3BHK apartments that range in sizes from 660 sq ft to 1,245 sq ft. It possesses all features of contemporary living including smooth connectivity and amenities. The average price of a unit is Rs 4,499 per sq ft.