Kalyani Nagar – A Commercial And Residential Hotspot
Living a life king size is what all of us desire for. None of us wants to reside in an out of place location. Selecting the right locality and project is more than half the battle won, the remaining effort is to work on the finances to book an apartment. This is applicable for every family house hunting in all the cities including Pune. In and around Pune, in the recent past, several areas have developed exponentially. One such micro-market that witnessed a complete transformation includes Kalyani Nagar, which runs along the eastern stretch of Nagar Road or Pune-Ahmednagar Highway. Kalyani Nagar is bounded on the south by the Mula-Mutha River, which divides the city of Pune into two.
Kalyani Nagar has grown as the new well rounded residential-cum-commercial hub and is in high demand among home seekers. Kalyani Nagar is situated 5 kilometres from Pune Junction railway station and 4 kilometres from Pune Airport. The Pune Metro is planned to pass through the locality, and a metro station is being constructed on East Avenue near Pune Ahmednagar Highway. Quick accessibility to various office spaces, upgraded infrastructure and some of the best schools, colleges, medical centres and entertainment is at a stone throw’s distance in this part of Pune. The Lexicon International School, The Bishop’s Co-Ed School & Dr.(Mrs.) Erin N Nagarvala School.
Kalyani Nagar is in close vicinity to Koregaon Park, where Osho International Meditation Resort and German Bakery has an address with close proximity to best hospitals including Cloudnine Hospital, Prudent International Health Clinics, Shree Hospital, Adarsh Hospital, Ruby Hall Clinic & KK Multispecialty Hospital. Though Kalyani Nagar was purely a residential area rapid development and improved accessibility over the years has resulted in the many new apartment blocks, shopping malls and commercial spaces having MNCs having mushroomed in this part of Pune.
Over the past decade, with the IT boom, this area got transformed into a central suburb with a host of basic and luxury amenities around the area. Though property prices in Kalyani Nagar continue to go north, there still is the availability of homes to suit everyone’s need. Several developers provide an array of housing options depending upon one’s budget. One such project is Bluegrass Residences being developed by Ananta Landwise at Kalyani Nagar.
According to Anarock Property Consultants, Pune recorded the highest increase in average prices between 2013 to Q3 2019. Back in 2013, the per square feet rate was Rs 3,975 per sq. ft. which by Q3 2019 increased to Rs 5,487 per sq. ft. Compare this increase in property price in Pune with those of other cities, where it hasn’t been as much. As per Anarock Property Consultants, the average property prices across top 7 cities have seen limited appreciation over the last six years – there was a mere 14% increase across the top 7 cities between 2013 and Q3 2019.
Seeing the price trends in Kalyani Nagar with the rising demand, the locality is growing fast and hence proves to be a good investment option. Moreover, Kalyani Nagar is one of the IT/ITES hubs and industrial zones of Pune, which is developing at a fast pace and the government is planning to develop it further, so the scope of enlargement of infrastructure facilities is also there. Considering all such factors, Kalyani Nagar is undoubtedly an excellent place to move in as well as for investment.
In an effort to bridge the gap between Kalyani Nagar-Koregaon Park the government has begun the construction of a connecting bridge thereby linking two of the most progressive and vibrant localities. With the ease of transport and other infrastructural developments, it has resulted in higher industrial and retail activity in the area and also has given a major boost to the residential property sector. For people looking for a good investment option near the IT sector, Kalyani Nagar firmly tops on the high-priority list, regardless of the developments going on at an accelerated rate. For the home seeker, this area is a regular treasure-trove of attractions. Many popular developers in Pune have at least one luxury residential project here, and the general infrastructure is supremely favourable to modern family life.
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