Project Watch: Oak Vista, Pune

Oak Vista is among the upcoming residential projects in Pune, developed by Satyam Associates. The upcoming flats for sale in Pune are located in Hadapsar, and the possession is expected in October 2015. Pune is emerging as an IT hub, and demand for commercial and residential real estate is rapidly growing. Will Oak Vista match the needs of home buyers? Let's find out.

The product

Oak Vista is spread over one acre plot of land at Hadapsar in the eastern suburb of Pune city. The project offers 72 units of 1BHK and 2BHK apartments, the size of which ranges from 654 sq.ft. to 934 sq.ft. These flats are carefully planned and are elegantly designed. Some of the amenities offered are:

• Gymnasium
• Swimming pool
• Children's play area
• Meditation area
• Open air theater
• Clubhouse
• Indoor and outdoor games
• Jogging track

Oak Vista by Satyam Associates is priced at Rs. 5,139, compared to the average price of Rs. 5,302 in the locality.

The builder

Satyam Associates has been in the business of real estate development and is known for building quality projects in Pune. Innovation is the key to success and Satyam Associates is known to come up with unique projects. The other projects among the properties in Pune Satyam Associates has developed include Florence, located in Phursungi.

The locality

Hadapsar is a suburb located 8.5 kilometers off the Pune city.

The area has developed rapidly in recent times, thanks to the presence of IT parks and industrial units in the neighborhood. Some of its locational advantages are:

• It is a home to many IT and BPO companies such as IBM, Accenture, TCS, Mphasis, John Deere, Zensar and Patni.
• The Pune Solapur-Highway acts as a major link with the other important areas
• The nearest railway station is the Sasane Railway station, at a distance of 2 kilometers
• Well known educational institutions in the area are St Joseph's School, Sadhana English Medium School and RR Shinde Junior College.
• Reputed health care centers of the area include Shree Samarth Hospital, Alatkar Hospital and Usha Kiran Hospital.

Infrastructure and future prospects

In total, there are 192 residential projects in Hadapsar, of which 134 are ready to move in, 50 are under construction properties in Pune, five are new launch properties, two will be launched soon and one is on hold. Property prices have appreciated by 29.2% in the past six months. The high demand for residential properties from IT professionals, assurance of good returns on investment, well developed social and civic infrastructure and affordability have prompted rapid real estate development in the area.

Price comparison

Oak Vista by Satyam Associates is priced at Rs. 5,139, compared to the average price of Rs. 5,302 in the locality. Therefore, it makes good sense to invest in Oak Vista. Other projects such as Pearl by Sukhwani Associates and Livogue by Ram India are priced at Rs. 6,150 and Rs. 5,700 respectively.

PropTiger.com's rating

Overall recommendations

Considering the overall development scenario of the Hadapsar area Oak Vista is a good project for investors and end users alike. The project will surely give good returns on investments. With a score of 8.4 in the livability index, we suggest that you should not delay your decision to book your dream home at Oak Vista.

For more information on Oak Vista, Contact PropTiger.com.