Vishrantwadi: Property prices rise by 50 per cent in two years
Dec 02, 2013
Source : The Hindu

 

PUNE: If you are looking to buy property that offers connectivity and ensures consistent returns, don’t miss Vishrantwadi in east Pune. According to Magicbricks.com data, property prices in the locality rose by 50 per cent in the last two years.

The real estate scenario in Vishrantwadi, in east Pune, has got something for property investors to cheer about. A multistoreyed apartment which was available for Rs 35 lakhs in June 2011, is now available for Rs 54 lakhs. According to Magicbricks.com data, the locality has seen a rise of 50 per cent from Apr-Jun 2011 to Jul-Sept 2013 quarter.

What is turning in its favour is the connectivity and proximity to central Pune. “Vishrantwadi, is situated along the Alandi Road and is close to areas such as Shivaji Nagar, Deccan Gymkhana, Viman Nagar and Kalyani Nagar,” says Abhishek Pratap, proprietor, Prarzoo Realty. “The locality is within a five to six km radius to IT hubs and premium areas such as Viman Nagar and Kalyani Nagar, which makes it a promising residential destination. Also, being suburban in nature, it comes at marginally lower prices than these neighbouring areas,” he adds.

Apart from this, other roads, close to Vishrantwadi, are the Tingre Nagar Road (Vishrantwadi Airport Road) and Dhanori Road, which keeps the locality well-connected to different parts of the city. “The locality is relatively close to both, Pune railway station and the airport. Pune International airport in Lohegoan, is about four kms whereas the Pune railway station is situated at a distance of about 7.5 kms. The area also offers good public transport. There is also a proposal to implement the BRT corridor on the Alandi and the Airport Road,” says Vishwajit Mohol, proprietor, Live Media Advertising.

The area offers apartments of 500 to 1,400 sq ft which are actively traded in the market. So who are the buyers? Pune city has witnessed an influx of people from different parts of the country. Infrastructure, low levels of pollution and easy connectivity, are reasons for the gradual increase in population.

The social infrastructure is also well-equipped. The area has several hospitals, shopping malls, medical facilities, banks, theatres and petrol pumps in the vicinity. Many school buses also ply on this route and therefore, helps residents an easy access to educational institutes.

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