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Erandwane, Pune

Pin Code 411004
4.5
0 Review

About Erandwane

Erandwane, is one of the prime areas in the city. It is located near the center of Pune on the southern side. The area was a forest with many Eucalyptus trees (Eranda), hence the name. Erandwane is considered one of the upmarket localities in the city. 

There are many schools and colleges around this area. The greenery has been maintained despite the growth that the area has experienced.

The infrastructure here is very well-developed, and one can find many theatres, malls, gardens, and other places of public convenience. Pune is known as the education capital of Maharashtra. 

Erandwane has many famous colleges like Fergusson College, Wadia College, Deccan, and the MES Garware College. Students, Indian and foreign, come to these colleges for their studies.

Key Highlights

  • Erandwane is one of the best localities in Pune city.

  • Erandwane has excellent connectivity with surrounding areas. 

  • One can easily access outlying areas and the Mumbai and Bangalore highways.

  • The Film and Television Institute of India is located in Erandwane.

Whats Great

  • The greenery is well-maintained.

  • Big arterial roads and small by-lanes provide excellent connectivity to Erandwane.

  • Museums, theatres, gardens, and cultural centers make this area very appealing.

  • Many Tech companies have their offices in the area and provide jobs here.

Whats Not Great

Traffic, noise 

Watch Out For

  • The authorities will complete the metro railway project passing through Erandwane shortly.

  • Roads are being repaved, and new drainage lines are being laid.

  • New flyovers near the locality will improve connectivity to surrounding areas. 

  • Metro will ease the traffic congestion.

Property Price Rising Factor 

Short Term

  • The Erandwane area has retained its exclusiveness despite rapid growth.

  • The area is close to the Pune railway junction.

  • Many excellent educational institutions in Erandwane bring students from all over the world.

  • Demand for property, rented and for sale, has always been high.

Long Term

  • Erandwane is considered a trendy area.

  • Well-maintained public infrastructure has attracted new people to the area.

  • Property values have always been high in Erandwane.

  • Metro connectivity will increase demand for Real Estate here. 

Other Highlights

Social Infrastructure 

  • Many shops, colleges, theatres are located here.

  • Gardens, open spaces make Erandwane a pleasant area to stay.

Shopping complexes and Markets

  • Reliance Fresh

  • Bharat Bazar

  • Park Avenue Retail

Health Care Centers

  • Deenanath Mangeshkar Hospital

  • Joshi Hospital

  • Dhondumama Sathe Hospital

Connectivity and Public Transport

Rail Connectivity

  • Pune Railway station is within easy reach.

  • Pune Junction provides railway connectivity to all parts of the country.

  • An elevated and underground metro railway is being constructed around Erandwane. 

  • Metro will take some of the load from the busy roads.

Road Connectivity

  • Internal road connectivity is excellent in Erandwane.

  • Erandwane is well-connected to neighboring localities like Kothrud, Swargate, Shivajinagar by road.

  • You can easily access connectivity to Bangalore, Mumbai, Solapur, and Ahmednagar.

  • The PMC is building new flyovers and underpasses to ease traffic congestion. 

Air connectivity

The Pune International Airport in Lohegaon is within easy reach.

Schools Banks and Fitness Centres

Schools

  • Karnataka High School

  • Abhinava Vidyalaya

  • Sinhgad Spring Dale School

Banks

  • Bank of Maharashtra

  • Bank of Baroda

  • Saraswat Bank

Fitness Centres

Popular Landmarks near Locality

  • Hotel Vaishali

  • Balgandharva Theatre

  • Kamala Nehru Park

  • Alka Talkies

ATMs

  • Bank of Baroda Atm

  • Saraswat Bank Atm

  • Union Bank Atm


Micro Market Analysis

Capital and Rental Trends

About 14% of the properties for sale in Erandwane are priced between Rs. 2Cr - 2.2Cr, while 12% of the properties for sale are priced between Rs.1.4Cr - 1.6Cr. 3 BHK is the most common room configuration in this locality and accounts for approximately 47% of all the properties sold. 71% of the properties in Erandwane are multistory apartments.

A 3 BHK apartment measuring 1060 sqft will cost around Rs. 2.08 Cr, while a 5 BHK apartment measuring 2629 sqft will cost around Rs. 3.68Cr.

A 2 BHK apartment measuring 1200 sqft will rent for Rs. 33000, while a 2 BHK apartment measuring 1050 sqft will rent for around Rs. 24000.

Scope of Growth

  • The Erandwane area has been growing steadily for several years.

  • The PMC has upgraded the infrastructure continuously.

  • Many world-class educational institutes make this an ideal family location.

  • Erandwane enjoys excellent connectivity to surrounding areas.

Investment Opportunities

  • Many old bungalows are being demolished for new construction.

  • New metro railway lines will improve connectivity in and around Erandwane.

  • Many Tech companies have their development centers in Erandwane.

  • The property market in Erandwane is expected to improve shortly due to the metro. ???????

Map of Erandwane, Pune

Erandwane Pune Map
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Erandwane - Price Trend

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