Mandai, Pune

mandai is a small yet famous locality in central Pune. the star attraction, which is also the main reason for the fame of the locality, is the mahatma jyotiba phule. mandai, the biggest vegetable market in pune, hosts around 5000 fruits and vegetable stalls. another reason why the locality is famous is because of the mandai ganesh. mandai is one the oldest, and the ganesh puja hosted by them is one of the biggest and most popular ones in pune.
the locality lies between two branches of the pune - satara road, and there aren’t that many housing options in the locality. 1 bhk and 2 bhk are the most common housing configurations in the localities. the price of a property in this locality is high due to its locality, fame, and accessibility to various facilities. some of the surrounding localities are budhwar peth, peru gate, and Shaniwar Peth. the locality also hosts the office of the maharashtra electricity board and a police station. the locality offers good connectivity, transportation facilities, hospitals, and the most famous markets in close range to its residents.

key highlights:
the mahatma jyotiba phule mandai, after which the locality is named, is the main market of the locality.
the raja dinkar kelkar museum, famous for its collection of artefacts, is also situated in this locality.
the locality is one of the most famous locality with some of the most expensive housing options in pune.

what’s great
due to its prominent location, the locality is well connected to various parts of pune, and good transportation facilities make travelling easy for residents.
the locality hosts the biggest vegetable market of pune.
the shaniwar wada and vishrambaug wada, two important tourist attractions of pune, are in proximity of the mandai locality.

what’s not great
the locality faces traffic congestion near the market area during its peak hours as people from all over pune come to shop here.
there is not enough parking space in the locality, although parking facilities are being developed. still, they arent enough.

Watch out for?:
rush in the locality during peak hours of the market and less parking space. although new properties are being developed which promise to be more spacious, they are even more expensive and out of the affordability range of most.
property rising factor:

short term- the locality has everything for its residents in close range, and its locality is highly desirable. the short term factor for a further rise in property rates could be the high demand for the spacious projects that are being built in this area.
long term- the long term factor could be the rapid expansion of the city, the presence of the jyotiba mandai in the locality, and the shaniwar wada being close to the locality, which could tempt people to live here rather than having to travel a lot.

other highlights:
social infrastructure
as the locality is in the centre of the city and hosts famous markets, it has an excellent social infrastructure and is well maintained by the pune municipality. there are famous schools, hospitals, tourist spots, markets, offices, etc., in close proximity to residents.
shopping complex and markets
the locality is famous mainly for the vegetable market it hosts; other than that, several other markets like the ramsukh and manish market around the localities provide residents with everything they can desire for.
healthcare centres
having healthcare centres in close range of the locality is a necessary factor for most investors, and it justifies the pricing of the properties of that locality subsequently. some of the healthcare centres and hospitals, and clinics near the mandai locality are:
joshi clinic
date hospital
hutatma babu genu hospital
connectivity and transport
due to the location of mandai, it is well connected to all parts of pune, and the railway station and airport arent that far either. the locality is a prominent one, so transportation services like bus, autos, taxis, etc., are available round the clock.

schools, banks and fitness centres
schools
some of the schools in and around the mandai locality are-
adarsha primary school
orchids international school
banks
some of the banks providing their services in this locality are-
maharashtra bank
pune sahkari bank limited
fitness centres
some of the fitness centres in and around this locality are:
sm fitness club
haribhau sane fitness club
popular landmarks:
some of the popular landmarks around the locality are the jyotibai phule market and dinkar museum.

micro market analysis:
capital and rental trends - the price of a 2 bhk in this locality lies in the range of inr 70 to 90 lakhs, and the rent for the same is approximately inr 25,000 or more.

scope of growth - the locality is in such an area that it is historically important and hence is one of the developed areas of pune. the scope of growth is minimal, although there are a few multi-storey buildings under construction in the area that are offering spacious homes but at a high price.

investment opportunities - there are a few established houses on sale and few upcoming projects in this area that can act as investment opportunities. still, their prices are so high that they may not promise big returns in the future, although if one can afford a house to live here, this locality is one of the best in pune