PUNE: Located on the eastern side of Pune, Dhanori offers a wide range of options for those who are looking for a residential property within Rs 40 lakhs. According to MagicBricks.com data, the area is seeing maximum supply of properties, with several new housing projects, which are at various stages of construction. These projects offer 1, 2 and 3-BHK units.
Also, the locality offers properties at competitive prices compared to other areas. Comparing Dhanori with the other eastern suburbs, Ashish Agarwal, proprietor, Vijaylaxmi Developments, says, “The mid-level IT professionals working in the city are looking for affordable properties. Thus, the demand for affordable properties is at its peak. However, other areas in east Pune which are also known as IT hubs such as Viman Nagar, Kalyani Nagar or Koregaon Park, are already developed and offer properties at high prices. Therefore, there is a high shift in demand from these localities to Dhanori. In order to meet this demand, developers have to come up with projects within the affordable range.”
Many experts also observe that there is high demand for smaller units. Therefore, maximum properties in the budget range of Rs 40 lakhs are offering 2-BHK apartments. “Dhanori is popular amongst the working population around the eastern belt of Pune. The smaller units are mostly in demand as these are easily maintainable. Also, these come within the range of professionals having a salary range of Rs 40,000-50,000 per month,” says Suresh Agrawal, proprietor, Laxmi Constructions.
Other factors that have attracted developers to come up with projects in this budget range are the availability of land and good connectivity via Nagar Road.
The area’s proximity to the railway station and the airport, and easy accessibility to the other localities has primarily contributed to the increase in property values. Pune station is around 10-12 kms away and the airport is located at a distance of three kms from Dhanori. “Owing to its good connectivity, the area has already seen an appreciation of 20-30 per cent in property values,” says Gaurav Tondon, proprietor, Tondon Properties.
Apart from this, there are buses and auto rickshaw services, which make areas such as Deccan and Swargate accessible. “Grocery and retail options and banks are also present here,” says AM Kulkarni, proprietor, Kirik Enterprises. “Also, the area comes within the Pimpri Chinchwad Municipal Corporation (PCMC) limit, which is one of the biggest advantages for it. There is no water problem or electricity problem in this area,” Kulkarni adds. There are plenty of hospitality options available in east part of Pune too.