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Park Street, Pune

Park Street, Pune
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About Park Street, Pune

park street is a locality in wakad in north-western Pune and is a well-maintained and reputed locality in pune. it has good connectivity to all of pune and provides budget-friendly housing options. the pincode used in the locality is 411057. some of park streets localities are bhumkar nagar in the east, patil nagar in the south, ram nagar and krushna colony in the west and kailash nagar in the north. 

the colony has schools, hospitals, grounds, temples, fitness centres, several shops and even sports complexes like sapphire park tennis court, thus making life a lot easier for local residents. the locality also has a good plantation and is also famous for the various food outlets. there is also a shiv mandir in the locality for the residents. there is a great variety in terms of housing in the locality, be it residential plots, villas or apartments. 

the prominent reasons for this localitys good connectivity are the Mumbai-Pune Expressway, wakad road, and wakad-bhosari brts road. 2 and 3 bhk are the most common housing configurations in the locality. the price for a 2 bhk generally ranges from inr 50 lakhs to 1.2 cr, and a 3 bhk ranges from inr 1 crore to 2.5 crore.

key highlights:

  • the gnanjyoti savitri phule udyan is located to the south of the locality.
  • the locality has several societies, namely diamond park, ruby park, emerald park, topaz park, sapphire park, park turquoise, and park ivory.
  • the mumbai-pune and pune-bangalore expressways are close to the locality.

whats great?

  • there is a variety in price range due to variety in housing options; thus one can choose as per their budget.
  • the locality has lots of greenery, wide roads & excellent basic infrastructure. 
  • the locality is considered clean, quiet and safe, and a good option for the people residing in pune to lead a settled and comfortable life due to the good connectivity.

whats not great?

  • there is a shortage of water in the locality at times.
  • the locality faces traffic problems, and one of the factors for this could be the lack of proper parking facilities.

Watch out for?:

  • water shortage
  • good restaurants and street food, malls at close range

property price rising factor:

  • short term- the locality has several societies and a few upcoming ones; with the population increasing in the locality, necessities like schools and banks are also being constructed. the locality already has good sports complexes and parks, thus all these factors in the increasing of the property value in this locality.
  • long term- the location of the locality is good, the mumbai-pune expressway is at close range, and the road connectivity to other parts of pune is also good, so investing in a property here would be good in the long run, as with rapid expansion, a locality with such features would be priced even higher in the future.

other highlights:

  • social infrastructure

the social infrastructure of park street locality is very good as the residents daily requirements are available in close range. the locality has everything that a resident could desire, be it parks, sports complex hospitals, post offices, temples, schools, etc. 

  • shopping complex and markets

the locality has several shops for mostly everything a resident would need. other than these shops, the famous phoenix market is in wakad itself, and the primrose mall isnt that far either.

  • healthcare centres

healthcare centres are one of the most important things that a resident desires in their locality. some of the healthcare centres in or near park street locality are-

  • metropolis healthcare
  • sanjeevani healthcare
  • samarth super speciality clinic

  • connectivity and public transport

the connectivity is the star attraction of the park street locality in pune. the mumbai- pune expressway and the bangalore-pune expressway being close to the locality is a boon for the residents. one can travel within pune from the locality easily as well. there are several buses and taxis going passing through the wakad- bhosari road. people can use autos and e-rickshaws that are commuting in the colony throughout the day for travelling to short distances.

  • schools, banks and fitness centres

serra international pre-school, snbp international school, wisdom world school, and akshara international school are some of the schools in and around the locality. yes, bank and state bank of india are some of the banks providing their park street locality services. some of the fitness centres in the locality include highfit and nitrofit gyms.

  • popular landmarks

landmarks are necessary for providing directions to visitors of a locality. anshul casa, rajiv gandhi it park and park ivory are some of the landmarks for the locality.

micro market analysis:

  • capital and rental trends- the locality provides variety in terms of housing; thus, prices also vary. the rent for a 3 bhk in the locality could be between inr 25,000 to 40,000, while the property rate for a 3 bhk could be between inr 1 crore to 2.5 crore.
  • scope of growth- being a well-established colony, the scope of growth is minimal, but new projects in the locality might trigger the growth factor even further.

 investment opportunities- the locality has some new projects as well as old ones, where one can invest money in the long run, as prices are most likely to rise with the rapid expansion and dispersion of people from the centre of the city due to overcrowding. the connectivity to various parts of pune has always been a plus point for the locality.

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