PUNE: The 1.5 km road from Dhanori to Lohegaon, clubbed with nearby Dighi, has witnessed increased real estate activity in recent times. Availability of large land parcels has been a major attraction for many developers to launch their projects along this stretch. Data with MagicBricks.com states that approximately, 10 per cent of the new properties available in the city are along this area.
Easy accessibility to IT/ ITeS industries situated in Kalyani Nagar, Kharadi, Viman Nagar and Jail Road, has given a major thrust to the residential demand of these areas. A majority of home buyers in Dhanori and Lohegaon are IT professionals, looking for affordable properties, which are now not available in major residential hubs such as Viman Nagar, Koregaon Park or Kalyani Nagar. “The residential demand in Dighi-Dhanori-Lohegaon belt, is a spillover of other developed residential areas of eastern Pune. The availability of properties at values lower than other surrounding areas makes this belt suitable for the middle income workforce,” says Navin Thakur of Skyline Expositions. The area sees an ever-increasing demand for residential properties because of its huge scope for development.
With many reputed developers such as Pride Purple Properties, Shreeram Group, Sahara India Pariwar and Marvel Realtors delivering projects along the Dhanori-Lohegaon-Dighi area, there are many affordable housing options available here. The most preferred category for home buyers and developers is the two-BHK unit. Residential property in the Rs 30-60 lakh range is available in these areas.
Currently, the residential property prices in Dhanori range from Rs 4,000-5,000 per sq ft and in Lohegaon it ranges between Rs 3,500-4,000 per sq ft. Property prices in Dighi are lower (Rs 3,000-4,000 per sq ft) compared to Dhanori and Lohegaon. Anuj Bhandari, director, BU Bhandari Landmarks, says, “These areas have had low and stable rates in the near past, thus it is the right time to buy property here. One can expect a year-on-year appreciation of 10-12 per cent in these areas. Dighi will see values increasing by almost Rs 500 per sq ft by the end of 2013.”
Another reason, adding to the preference of the stretch, as a residential location, is the connectivity of the area. Tejasvini Ujjainwal of Tejasvini Properties, says, “The stretch enjoys good connectivity to the other areas of the city through road, rail and airways. There are direct buses plying from Swargate to Dhanori at frequent intervals. Also, Lohegaon houses the Pune International Airport, the making it a preferred destination for frequent travelers.”
Talking of infrastructure, there is a lot more development coming up here. According to the recent amendment, 33 rural areas, including Dhanori, will be brought under the PMC limits, thus giving further push to infrastructure developments. In addition, the upcoming concrete road and proposed link road, are expected to improve the connectivity to these areas.