Santosh Nagar, Pune

santosh nagar is a locality in Pune. the area is adjacent to the junction of pune-bangalore highway and katraj-kondhwa road. katraj nagar, ambegaon bk, mangdewadi are the nearby areas. it is a well-established area with residential spaces, local convenience, and retail stores nearby.  

there is no railway station nearby santosh nagar, at least within a radius of 10kms. the area is well connected to other parts of the city by local bus transport. gujarwadi bus stop, shivshankar super market bus stop, and mangdewadi petrol pump bus stop are nearby. buses running from here connect to other places like hadapsar, alandi bus stop, swargate, pune station, and pune university main building, to name a few.

the locality is rated modestly by the residents regarding service availability. mittal group, ravinanda landmarks, jain ashapuri group are some realtors of the locality, to name a few. 50% of the properties for sale in the area range from 40 lakhs-60 lakhs. 17% of the assets for sale cost upto 20 lakhs. 1bhk is the most common configuration as these constitute 67% of the properties up for sale in the locality. 67% of the properties posted on real estate integrator platforms are residential apartments.

key highlights

• the locality is adjacent to pune-bangalore highway and mumbai-pune bypass.
• excellent connectivity by road to other parts of the city
• there are more than 20 parks nearby. pune-okayama friendship garden, katraj lake, katraj ghat view point, butterfly park, mughal garden are present in proximity to the locality.

whats great?

• a mix of budget and sophisticated properties are available here. mittal group and nancy lake homes are some sophisticated properties in nearby areas of katraj and yewale wadi.
• hadapsar gadital bus station is 16kms from the area. Pune international Airport is 20kms from here
• all central banks like axis bank, hdfc bank, yes bank, icici bank, and sbi are nearby.
• educational centres, restaurants, hospitals, gyms, theatres, and farm stays are nearby. 

whats not great?

• it is located on the outskirts of the city. the employment hubs in hadapsar and magarpatta are about 16kms from here. 

Watch out for?

• there are a lot of parks, lakes, and lush green areas nearby

property price rising factor

short term

• very close to central parts of the city
• the taxonomy of the locality includes a mix of affordable and modestly sophisticated properties. buying a rightly priced apartment is recommended as it is an upcoming area. 

long term

• though employment hubs and it parks of magarpatta and hadapsar are 16kms away, it is about a 40 minutes drive from here. so, the locality has the potential to grow with time. 

other highlights

social infrastructure

santosh nagar has excellent social infrastructure. schools, colleges, lakes, parks, hospitals are present here. 

shopping complex & markets

• local convenience stores
• there are no prominent malls nearby. citypride, fun time multiplex, pvr cinemas are a few movie theatres nearby. 

health care centers

• dr. chitale ent hospital
• kamla nehru hospital
• yashda hospital
• new purandar medico

connectivity & public transport

santosh nagar bus station is in the locality. hadapsar gadital bus stand is 16kms from here.

schools, bank & fitness centers

schools in this area:

• synergy pre school
• jaikranti college
• ideal college
• hindusthan college of management & research

banks in the area:

• state bank of india
• yes bank
• canara  bank
• syndicate bank
• axis bank

nearby atms for all prominent banks:

• sbi atm
• hdfc atm
• canara bank
• ratnakar bank
• yes bank

fitness centers:

• wow fitness club
• life gym
• kip fit gym

popular landmarks near locality

• rajiv gandhi zoological park, katraj lake, butterfly park, pune-okayama friendship garden are nearby attractions

micro market analysis

capital and rental trends

• in the locality, the average price per sq.ft in an apartment is rs. 5648.
• 50% of the properties put on rent in santosh nagar are in the range of rs. 5000 while 25% are in the range of rs. 5000- 10000. 62% of the properties up for rent are apartments
• there is a 0.9% increase on average sq. ft. price in quarter-on-quarter comparison.
• the assets listed on property aggregating websites are ready-to-move-in apartments or upcoming properties with possession scheduled in 2021.

scope of growth

• santosh nagar has excellent road connectivity. retail spaces and residential apartments make this locality a convenient place to live. some premium properties from mittal group and nancy lake homes are coming up in the locality. 

investment opportunities

• the sq. ft. cost is relatively modest, and the trend suggests holding an asset in an upcoming venture if required. it is recommended to hold a 2 bhk. the place is convenient and serene. hadapsar and magarpatta are pretty accessible, though. just 6 properties are for sale.