Project Watch: Vedanta Corp New Town, Pune

Pune, the cultural capital of Maharashtra, has also become a sought after real estate destination. This is because of the fast paced developments in the city's infrastructure. Some of its suburbs have witnessed rapid transformation to meet the rising demand for residential properties in Pune. One such suburb is Undri, located in the south west of Pune, where renowned developers are coming up with branded residential projects. One such project is Vedant Corp New Town by the ARV group.

Should this be your dream home destination? PropTiger.com reviews the project.

The Product
Vedant Corp New Town is spread in an area of 17 acres and offers 540 units of 1BHK, 2BHK and 3BHK apartments. The super built-up area for 1BHK apartment is 692 sq. ft., for 2BHK apartments, it ranges from 941 sq. ft. to 1,061 sq. ft. and for 3BHK apartments, it ranges from 1,376 sq. ft. to 1,389 sq. ft. It is useful to compare Vedant Corp New Town with Godrej Prana, the two being situated in Undri. Godrej Prana offers 354 units of 1BHK, 2BHK and 3BHK apartments in the area of 31 acres. Therefore, Godrej Prana has 11.41 flats per acre whereas Vedant Corp New Town has 31.76 flats per acre.

Thus, Vedant Corp New Town has lesser area for open spaces as compared to Godrej Prana.

Location
Vedant Corp New Town is located in Undri and the nearest landmark is Kingston Imperia situated at a distance of less than 2 kilometers. Undri Chowk is also located in close proximity to this project at a distance less than 1 km.
Some of the locational advantages are :
1) Undri is situated in close proximity to the Mumbai-Pune bypass road and NH-9.
2) The area also enjoys good connectivity with Pune railway station, about 8 km away, and Pune airport, about 12 kms from the location.
3) Undri is well-connected to the interstate highways such as Mumbai–Bangalore Highway (NH-4) and Mumbai Solahpur Highway (NH-9).

Amenities
The project offers various amenities such as
Jogging track
Swimming pool
Indoor games
Club house
Children's play area
Multipurpose room

The Builder
ARV Group is a new entrant in the real estate market of Pune. ARV Group has a customer-centric approach and strongly believes in forging lasting ties with its customers. Key projects of this group include Kingston Imperia, Vedant Corp Royale, Vedant Corp New Town, etc.

Infrastructure and Future Prospects
The expansion of real estate market in Pune has led to rapid developments and formation of new localities. Due to rising apartment prices in Pune, Undri is becoming the focal point for affordable residential projects in Pune. Partly, it is also due to sound social infrastructure and smooth connectivity that the place offers to IT hubs and other posh localities of Pune.
Undri is well served by PMPML and shared autos that regularly ply from here. Also, the locality is in close proximity to Hadaspur, residential areas in NIBM annexe, MG Road, Pune camp, and Fatima Nagar.
The place also has good educational institutions like Bishop Co-education School, Vibgyor High International School, Serra International School, etc. The place also has some good healthcare providers such as HV Desai Hospital, Inamdar Multi-specialty hospital etc. It also inhabits good shopping centres such as Inox Mall, Royal Heritage Mall, etc. The state government's infrastructure development initiatives has ensured smooth connectivity with Katraj- Kondhwa- Phurusungi -Solahpur highway wideninig underway. To ease traffic congestion on Pune-Pimpri-Chinchwad road, the state government has also proposed a 170 km long Pune ring road project. On completion, this will be interconnected with highways such as Mumbai-Pune, Pune-Satara , etc.

Price Comparison
Vedant Corp New Town is priced at Rs. 4,000 per sq. ft., which is lower than the average price of Undri that is Rs. 4,148 per sq. ft. This is also lower than average apartment price of Godrej Prana, which is Rs. 4,800 per sq. ft. Undri is an upcoming real estate destination and has witnessed a price appreciation of more than 20% in last one year.

PropTiger's Rating

Overall Recommendation
Vedant Corp New Town is good for both end users and investors. Moreover, real estate analysts suggest that prices in Undri will rise in future. With the presence of sound infrastructure, it is one of the preferred choices of localities to buy your dream home. The project also has a favorable price range and is equipped with all the basic amenities.