PUNE: In real estate, along with the amenities offered by a project, location is of upmost importance. Within Pune, Kharadi is emerging as one of the most sought after and fastest growing localities that have the location advantage.
Pune’s real estate market offers everything to its customer, be it a township, smart home, eco-friendly home or affordable housing. Known as the new IT hub, Kharadi, the once barren stretch now hosts scores of commercial projects and luxurious residential complexes. Presence of corporate giants like Reliance, Tata Communication, Wipro and Polaris has contributed to the popularity to this area.
The IT majors joined hands with builders in the city to add comfort to the life of their employees by making Kharadi, a preferred residential area. The highlight of Kharadi is its close proximity to the International Lohegaon Airport, railway station, industrial belts like Viman Nagar, Kalyani Nagar, Wagholi, Koregaon Park and Ranjangaon which makes it one of the most preferred localities for the home buyers.
As with any area largely dominated by young IT families with a high disposable income and a desire for fine living, the area has developed rapidly with renowned hotels like the Radisson Blu, Hyatt, Premier In and Novotel setting up in the neighborhood apart from malls such as Phoenix Market City and Reliance Mart. Kharadi also boasts of having state of the art hospitals such as Noble Hospital and Columbia hospital around its vicinity which have created value addition to the growth of the area for residential housing.
Kharadi, is known for its well planned and connected road system which makes it an extremely convenient location. IT sector has contributed a lot to enhance the growth of Kharadi for eg: The EON free zone, a famous IT/Software park is set up in this locality.
Apart from this, Kharadi has a unique element of being closely connected with the commercial areas and industrial zones of Hadapsar, Sanaswadi and Ranjangaon. The infrastructure facilities are progressing remarkably which further enhances the layout of the area. Unlike other areas in Pune, Kharadi gets an added advantage because the residential and commercial properties can coexist in the same area.
Improved road infrastructure in this area gives easy connectivity to the township of Magarpattha City. The upcoming Lohegaon-Kharadi-Wagholi road will also help give a boost to the status of the locality. The newly widened Nagar highway and the new MIDC acquisition at Lonikand and Wagholi are all contributing in transforming Kharadi as the next preferred destination.
In spite of the development all around, Kharadi retains its green and peaceful ambience. This blend has attracted buyers by the doves.
With Kharadi increasingly gaining popularity among home buyers, the area is set to transform even further with many more builders coming up with their projects here.