Top 5 Localities To Invest In Near Pune International Airport

With the modernisation and development of Pune, the international airport here has new phases, too. The airport, which during the World War II, served as the base is now serving as the international airport for the city. With a passenger capacity of 165 passengers a day or around 60,000 a year in 2004-2005, the airport in 2016 handled 6.7 million passengers, making it one of the important airports in the country.

Going further a new terminal is also proposed as an extension to this airport given the large influx of migratory population from India and across the world. While this development is a boon for the city,  it also opens up real estate avenues for investors, too. The growth of the localities lying in proximity to the airport is a clear example.

We list five such localities based on their distance from the airport, where investing could be a good plan:

Viman Nagar (1.9 km)

Viman Nagar is one of the most sought after localities situated in the eastern corridor of Pune. Talking about infrastructure, Viman Nagar is well developed. Being one of the closest residential localities to the international airport makes it even more lucrative. It is home to one of the known educational institutions Symbiosis International University, the leading retail hub Phoenix Market City Mall. With a livability score of 9.2 on the scale of 10, the locality is desired by many IT professionals for residential purposes. For those looking for property here could buy it for an average per square foot price of Rs 8,586 up from Rs 7,990 per sqf in July 2017.

The locality, at present, has over 110 ready-to-move in projects with prices soaring as high as Rs 5.20 crore. The starting price of apartments here is Rs 48.34 lakh.

Lohegaon (3.1 km)

One of the key selling points of this locality is the newly proposed terminal for the international airport. Once the project takes off, the property price would soon sore. With strong civic and social infrastructure, this locality has all that you need – good roads, malls, healthcare options, banks, among others.

With a livability score of 8 on a scale of 10, the average per square foot price of property here was Rs 4,407 in July 2018, up from Rs 4,357 per sqf in July 2017.

The locality, at present, has over 67 ready-to-move-in projects with prices soaring as high as Rs 1.87 crore. The starting price of apartments here is Rs 7.34 lakh.

Wadgaon Sheri (5 km)

Known to be one of the upmarket localities in Pune, Wadgaon Sheri is home to some of the key residential and commercial projects. It is surrounded by some other posh localities including, Kalyani Nagar, Viman Nagar, Chandan Nagar, among others.

With a livability score of 9.3 on the scale of 10, the average per square foot price of property here was Rs 6,085 in July 2018, a drop from Rs 6,902 per sqf in July 2017.

The locality, at present, has over 67 ready-to-move-in projects with prices soaring as high as Rs 2.08 crore. The starting price of apartments here is Rs 16 lakh.

Kharadi (6.3 km)

Home to many corporate houses, Kharadi is one of the most sought after locality for those looking for property to rent. So, investing here could ensure good returns through rent. It is well-equipped and boasts a conducive social and civic infrastructure.

With a livability score of 8.9 on the scale of 10, the average per square foot price of property here was Rs 5,997 in July 2018, a drop from Rs 5,667 per sqf in July 2017.

The locality, at present, has over 145 ready-to-move-in projects with prices soaring as high as Rs 4.12 crore. The starting price of apartments here is Rs 21.8 lakh.

Wagholi (11 km)

Known for its various tourist and religious spots, Wagholi lies in proximity to some of the commercial hubs of Hadapsar and Kharadi. It enjoys good connectivity with a four-lane highway connecting it to Pune’s centre and Ahmednagar.

It also has well-reputed educational, financial and healthcare institutions.

With a livability score of 8 on the scale of 10, the average per square foot price of property here was Rs 4,079 in July 2018, a drop from Rs 3,874 per sqf in July 2017.

The locality, at present, has over 170 ready-to-move-in projects with prices soaring as high as Rs 1.74 crore. The starting price of apartments here is Rs 23 lakh.

Note: Livability score is a score given to a locality on the scale of 10. It signifies the quality of life a family or an individual can enjoy living in that particular locality. This is calculated on important parameters including location, price, amenities, physical and social infrastructure, projects, developers operating, etc.