The Luxurious Addresses of Pune City

Pune known as the cultural capital of Maharashtra is one among the favourite cities among the Non-Resident Indians (NRIs) and High-Net worth Individuals (HNIs). A number of multi-millionaires who have chosen Pune over Mumbai either to live or invest. Most of the posh localities in the city are located towards the heart of the city. Here is a look at the posh localities of Pune.

Boat Club Road:
Boat Club Road is named after the famous Royal Connaught Boat Club, which is located here. This is one of the posh localities in the city. The area is in close proximity to the airport, railways, Pune-Mumbai Highway and IT destinations. The location of the micro market is a great advantage. The area is one of the best residential localities and all amenities are available in easy reach for the residents. Multi-storey apartments in the locality are priced anywhere between INR 12000 per Sq. ft. and INR 19500 per Sq. ft. If you are looking for a luxurious apartment in Pune in such a posh locality, then you can consider this area. This is one of the best investment destinations as the rental returns are high and 3 BHK apartments in this region can fetch a rental income of about INR 50000.
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Model Colony:
This micro market is one of the prime residential localities. The area's proximity to the railway station and the best connectivity to all the major parts of the city is an added advantage. An apartment in this locality is priced anywhere between INR 12,000 per Sq. ft. and INR 18,000 per Sq. ft. If you are planning to buy a luxury apartment in Pune in one of the rich localities, then this region is a good choice. The average pricing of the multi-storey apartment in this locality is around INR 15000 per Sq. ft.

Senapati Bapat Road:
Senapati Bapat Road is one of the affluent localities in the city. The micro market has a limited supply, but enjoys a good infrastructure and offers a quality lifestyle. This makes the region an attractive destination among the high-income segment. Projects in this micro market are priced anywhere between INR 10,000 per Sq. ft. and 16,500 per Sq. ft. If you are looking for luxurious and spacious villas in Pune, then you can consider this area as it has such projects. Most of the projects in the locality are in the ticket sizes of 3 -5 BHK.

Erandwane:
This micro market has a blend of both commercial and residential properties. The area has seen redevelopment in the recent years and this has made a positive impact on the capital appreciation of the property prices. Most of the projects in the locality are targeting the high-income and upper mid-income segment. So, the projects are luxurious and priced high. Apartments in this micro market are priced anywhere between INR 9500 per Sq. ft. and INR 14500 per Sq. ft.

Sopan Baug:

This is one of the posh locality with good infrastructure and better connectivity. The area lies in proximity to the railway station, airport, commercial establishments and the Central Business District. The property prices in the micro market have seen good appreciation over the past 5 years. Apartments are priced anywhere between INR 8000 per Sq. ft. and INR 12500 per Sq. ft. If you are looking for villas in Pune, this region has a number of such projects.

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