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.
Also know about Ansal
Plaza Vaishali
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.