In the past few months, Pune housing segment emerged one of the strong markets and the same was corroborated by the high number of residential transactions noted in the “Peshwa’s city”. In Q1 2022, the city recorded 26,000+ residential sale transactions, with developing suburbs gaining maximum number of transactions. Here’s a closer look at the top 7 most transacted residential locations in Pune.
Pinned on skyrocketing prices of residential properties and the shrinking land resources available in MMR, Pune has undoubtedly emerged as one of the strong housing markets. During the last two years, when other cities witnessed people returning to their home cities, in contrast, Pune noted a significant influx of people. Be it the pleasant climate of the city, top educational institutes, or lucrative job scenarios, this stunning city has all good things in store for you!
Approbating the same, as per the Square Yards data, Peshwa city’s housing market recorded 26,000+ transactions during the first quarter of 2022. Adding on, locations in the suburbs emerged as the home buyers’ choice, and reverberating the sentiments, Tathawade- a developing suburban area in the northwestern region of the city gained the maximum number of transactions.
At Square Yards, based on the retrieved transactions history of Q1 2022, we have curated a list of the 7 most transacted locations in Pune for our homebuyers. Let’s have a look!
Table of contents
Tathawade
Situated around 20 kms away from Pune city, given its proximity to the Hinjewadi and strong connectivity via Mumbai Highway (NH-48) and Aundh-Ravet BRTS Road, Tathawade can easily position itself as one of the emerging suburban areas in North-Western region of Pune. Additionally, the location shares the neighbourhood with prime areas of Pune, such as Wakad, Ravet, and Punawale to name a few, and hosts a variety of completed as well as under-construction apartment projects. These conductive factors make it highly likely for residents as well as prospective homebuyers in Pune to mull in the favour of Tathawade, before zeroing down on the best home-buying deals.
Check out properties for sale in Tathawade
Residential Transactions at a Glance in Tathawade
Ravet
Governed by Pimpri Chinchwad Municipal Corporation (PCMC), Ravet is one of the fast-developing suburbs of Pune which has observed a significant surge in demand for property in the past quarters. As the area entails a wide variety of top civic amenities, along with strong connectivity to the other parts of Pune such as Chakan, Talegaon, and Hinjewadi tech hubs, there has been a significant rise in demand for residential units in Ravet in the backdrop of more workforce flooding the location.
Check out properties for sale in Ravet
Residential Transactions at a Glance in Ravet
Hinjawadi
When it comes to investment, given its well-connected and strategic location, Hinjewadi is one of the popular localities in the northeast stretch of Pune. As one of the prominent job hubs in Pune and surrounded by significant areas like Baner, Wakad, Tathawade, and Balewadi, there is no dearth of housing demand in the area, considering it is highly preferred among all sections of home buyers.
Check out properties for sale in Hinjewadi
Residential Transactions at a Glance in Hinjewadi
Charholi Budruk
Among many micro-markets, which are considered good localities for investors, Charholi, on the northern fringe of Pune is for sure one of them. Located about 22 Km away from Pune city via the Alandi road, the location is home to several reputed educational institutions. But what makes it stand extraordinary is the vicinity to Kalyani Nagar (the city’s IT hub) and easy accessibility to the residential hubs of Alandi, Moshi, Wagholi, Viman Nagar, and Hinjewadi. The noteworthy gradual positive change that Charholi Budruk has recorded with respect to the realty sector has resulted in constant housing demand from professionals. Especially the ones who are specifically looking for homes in the affordable to mid-segment category.
Check out properties for sale in Charholi Budruk
Residential Transactions at a Glance in Charholi Budruk
Moshi
Bustling suburb which developed into a full-fledged residential location consisting of multi-story residential units, plots, and independent homes, Moshi has already witnessed significant growth. Situated along the Nashik- Pune Highway (NH 60) on the periphery of Pune city, Moshi has all it takes to garner the interest of homebuyers. With affordable homes, top-notch amenities, and proximity to industrial and IT parks of Talawade MIDC and Bhosari MIDC, the location is home to several completed as well as under-construction housing projects.
Check out properties for sale in Moshi
Residential Transactions at a Glance in Moshi
Chikhali
Situated in North Pune, Chikhali is one of the locations which can be anticipated to capitalize on its location advantage in the upcoming years. The area is in the vicinity of Chakan (a well-developed manufacturing belt), Talawade IT Park, the bustling suburb of Moshi, and houses a major MIDC hub. Given that, the location has seen a lot of development projects with major customer segments eyeing the affordable to mid-segment properties.
Additionally, due to the presence of several multinational companies and IT giants, Chikhali has seen a notable rise in demand for residential properties pinned on the huge influx of working population from other cities.
Check out properties for sale in Chikhali
Residential Transactions at a Glance in Chikhali
Wakad
In the past decade, there have been many rural areas in India that transformed significantly and emerged as prominent major urban areas. Interestingly, Wakad is also among those locations which saw exemplary transformation through robust infrastructure, good water, and power supply, and construction of major health and educational facilities. These changes over the years have been instrumental in making Wakad one of the most sought-after places by home buyers in Pune.
Check out properties for Sale in Wakad
Residential Transactions at a Glance in Wakad
What’s in it for homebuyers?
Pune’s housing segment may not be as in vogue as Mumbai Metropolitan Region (MMR) and Delhi, but it does have a select few localities offering lucrative investment options. With the changing paradigms of the housing segment, if there are a few markets that gradually changed then Pune is certainly one of them. With prices reaching saturation in MMR and developers coming up with affordable to mid-segment housing in Pune, the city undoubtedly holds a strong value for investors who are eyeing or planning to venture into the real estate market.
