Aundh, Pune

aundh, Pune is a locality in maharashtra. it is one of the upmarket areas in pune near savitribai phule pune university and the indian institute of science education and research, pune. aundh is bordered by the mule river in the north, ganeshkhind road in the east. baner-aundh road in the south and ramnadi in the west.

the neighboring areas of aundh include – baner gaon, pashan, pragati nagar, shikshak society, chavan nagar, and Bharat Electronics Colony. the societies under aundh are – sindh societies, vidhate vasti, goodwill society, sindhu vasvani nagar, siddharta nagar society, sakal nagar, and jagdishnagar.

key highlights

• aundh baner riverside, a jogging and recreational spot near the mula river

• located close to the indian institute of science education and research

• located close to spicer adventist university

• located close to savitribai phule pune university

• mula-ram nadi influence zone, a forested area rich in flora and fauna

whats great?

• a regular supply of water from the mula river.

• river-side villas for holiday purposes.

• apartments are available at economical rent prices for the students of the nearby universities.

• plenty of parks and sports facilities in the area 

• a multitude of banks in the area.

whats not great? 

• frequent traffic congestion in the area.

• high rates of property in the area

• no metro coverage in the area

• Watch out for?

• river-side apartments at harsh paradise, ward no. 8, wireless colony

• river-side apartments at pristine royal, survey no. 7, rohan nilay

• property rising factor

• short term

• the planned metro route covers the area, and hence the property prices would rise.

• construction of  baner biodiversity park near the area would bring in lots of fresh investments for business and increase the propertys price.

• multiple construction projects in the area – the spires, terraza, venkatesh shakuntala, five gardens, pristine prism, elite gardens, and many more.

•  presence of reputed builders in the area – kumar properties, goel ganga developers, pristine, pride purple properties, and dnv builders is sure to bring many buyers, which would drive up the prices of the property.

• long term

• proximity to savitribai phule pune university, spicer adventist university, and indian institute of science education and research is a significant factor for increased land prices.

• acquiring property near the mule river is a good idea; the demand for such properties is high.

other highlights

• social infrastructure

the area contains plenty of parks and playgrounds for recreational purposes – the oval garden, small triangle park, sakal nagar garden, panchsheel park, marutrao gaikwad garden, and chondhe park. 

mula-ram nadi influence zone and aundh baner riverside provide a spot for picnics or nature outing activities and a unique opportunity for forest sightseeing.

there are multiple sports centers in the chondhe patil sports zone, turf-8 sports academy, and sportive cricket academy.

shopping complex & markets

• d-mart, parihar chowk

• westend mall, wireless colony

• reliance trends, ward 8

• health care centers

• shree hospitals, chondhe patil nagar

•  saishree hospital, dp road

• shashwat hospital, baner road

• connectivity & public transport

• bremen chowk bus station, located in ward 8, ganeshkhind, connects the area to the rest of pune.

• located close to mumbai-pune highway

• multiple buses stop on aundh-wakad road

• schools, bank & fitness centers

• icici bank, westend riverview

• corporation bank, westend center –iii

• sportive cricket academy, westend riverview

• axis bank, stellar enclave

• kendriya vidyalaya, ganeshganj

• aundh institute of medical science, aims square

• popular landmarks near locality

• mula river

•  rajiv gandhi bridge, aundh

• mula-ram nadi influence zone

micro market analysis

• capital and rental trends

• the average price range for an apartment in aundh is about inr 7,000 per sqft to inr 12,000 per sq ft depending upon the locality, and hence the prices of 2 bhk plots start at 80 lakhs in the area.

• the average price range for residential plot t in aundh is about inr 60,000 per sqft to inr 1,03,000 per sq ft depending upon the locality. hence, an increase in the apartment culture in the area can be easily observed.

• the significant offerings in the real estate market of aundh are residential apartments, accounting for a significant share of 75% of the whole market. villas and residential plots cover the rest.

• 3 bhk and 2 bhk are the most common apartment configurations in the area, accounting for about 70% of all the apartment offerings. the rest is 1 bhk and 4 bhk apartments. 5 bhk apartments are scarce in the area.

• due to students being the central tenants of the properties, the rent starts at inr 10,000 and goes to a maximum of inr 25,000 per month.

• scope of growth

• the government has recently proposed a baner biodiversity park close to aundh and a metro station in aundh.

• multiple private construction projects being undertaken in the area.

• these two factors are estimated to drive the prices up at a moderate rate of about 1-2% per year.

• investment opportunities

• invest in the apartment and residential houses near the university campuses for renting or business purposes. the students of these universities bring serious business to the area