Pune's Ambegaon - A return to ambient living

Ambegaon is going to be one of Pune's most vibrant real estate boom areas over the next ten years. Today, more and more home buyers are looking for locations that still offer the uncluttered beauty and bracing environment that once defined most of Pune. For such people, Ambegaon is among the most obvious solutions. It offers hilly surroundings and generous greenery, and the availability of land still permits construction of large township projects.

Thanks to its proximity to Katraj, Ambegaon has great hill views and retains a lot of Pune's previous natural splendor. This makes it a good location for buyers who are looking for a break from the chaos of the central city areas. Ambegaon is well connected to the inner city by road. It has the advantage of proximity to the Mumbai-Bangalore Bypass and educational institutions such as Poddar school, Bharti Vidyapeeth College and NBN Sinhgad Technical Institute as well as various hospitals in the vicinity. It is also close to the new MIDC in Shirval, making it an ideal residential location for employees from this major workplace hub.

Appreciation at Ambegaon has been rather significant at 20-25% over the last two years. With the rapid development of Sinhagadh Road and also because it has now been included in the municipal limits, Ambegaon is going to witness a lot of growth in investment potential in the next few years.

As one of Pune's most visionary real estate development concerns, Amit Enterprises Housing Ltd. has launched two major projects at Ambegaon - the luxury project Bloomfield and Astonia Royale is the affordable category. Pune's real estate market responds very well to diversified luxury projects that offer buyers multiple options of bungalows, villas and flats. Ambegaon has proved to be a perfect setting for such projects, because the location's natural ambience and freedom from congestion provide a feeling of exclusiveness.

Moreover, Pune's recent Development Plan has now included Ambegaon within the municipal limits. This is an important factor from the real estate point of view, as the area will now receive even more infrastructure benefits from the Pune Municipal Corporation. This is already beginning to reflect in the property rates at Ambegaon, which is rapidly turning into one of the most viable Pune real estate hotspots.

Source (Kishor Pate, Moneycontrol, Jan 15, 2013, Pune) : "Pune's Ambegaon - A return to ambient living."