Pune, commonly referred to as the Queen of the Deccan, has remained one of the most popular investment destinations for real estate investors. The city has since long remained a leading IT hub coupled with huge manufacturing setups and an influx of commercial malls and hotels that has spurred its economic growth. Further, a significant development in Pune’s infrastructure has allowed the city to stand tall among its peers.
Proximity to Mumbai, the financial capital of India, remains an added advantage for Pune while it benefits from quality education and better growth prospects owing to the development of the IT corridor in the city. The city commands significant real estate activity with the huge demand for prime real estate spaces from corporate entities and a booming residential sector with upcoming, new projects in Pune. Prime residential localities such as Hinjewadi, Koregaon Park, Aundh, Wakad, Pashan and Baner witness significant demand from the residents and working professionals in the city.
The arrival of some of the most reputed MNCs and significant economic growth are some of the major factors that have played out well in favour of Pune.
A premier residential locality located in the southern part of the city, Koregaon Park has a well-developed infrastructure with good connectivity to other parts of the city. It enjoys good civic amenities with the benefit of proximity to the industrial zones and IT parks of Pune. It is also home to some of the most prestigious and new residential properties in Pune and has witnessed a rapid growth in recent years with reputed developers such as the Adani Group engaged in developing prime residential projects in and around the locality.
Owing to its cosmopolitan population, Koregaon Park offers very good social infrastructure with a number of commercial zones and malls established around the locality. The presence of reputed schools such as Billabong High International School, The Lexicon International School, and Symbiosis International School along with proximity to the leading hospitals in the city with the likes of Columbia Asia Hospital and Sahyadri Speciality Hospital attracts real estate investors and homebuyers to the area.
Development of IT corridors and manufacturing hubs in the vicinity of Koregaon Park, including the Nyati Tiara, Manikchand Ikon, Connaught Place, Cerebrum IT Park, Tech Park One Yerwada and Weikfield IT Citi Info Park provides the residents with ample employment opportunities. Further, the proximity also contributes as one of the major factors for significant demand for prime residential spaces from IT professionals in the area.
Considering development and the scope of growth in the area, if you want to buy property in Pune, Koregaon Park is considered as one of the most elite residential areas and proves as a good investment option with significant value appreciation prospects. The exceptional residential projects, development of good infrastructure facilities with the presence of ample social amenities including restaurants, clubs, parks and malls makes Koregaon Park an excellent region for investment in new residential properties in Pune.