Sun City, Pune

sun city, Pune, is a residential destination in the anand nagar area of south pune. the pune municipality administers the sun city locality, and the pmrda is responsible for planning infrastructure development. the locality is situated between viman nagar and koregaon park, two prominent residential destinations in pune. 

sun city in pune south is a favoured destination for home buyers for its affordable and mid-segment property rates. unlike many other pune localities, the other reason is that the southern areas are not yet cramped for space. realtors promoting projects in the vicinity emphasize this aspect to woo prospective homebuyers to the locality. sun city is close to sinhagad and nibm road, which is also witnessing a spurt in real estate development. some of the neighbourhoods significant projects are nirman ajinkayatara, sun universe, venkatesh skydale, and high-end ultra-luxury monte rosa, to name a few. some well-known realtors like nirman developers, mittal group, and bkp infrastructure have promoted these projects.

sun city real estate trends reveal that nearly 42% of all properties are offered for sale in a range of rs.40 lakhs to rs.80 lakhs. there are great rental properties in the locality, of which nearly 55% are offered at rs. 15k to rs.20k, while 27% of the properties are available on rent at rs.20k to rs.25k. another interesting aspect is that nearly 71% of properties up for sale are multi-storey apartments. at the same time, rental property accounts for 82% of multi-storey apartment blocks. 

sun city residents have easy access to pune railway station 10.7 km away, and Pune international Airport is 17.4 km via narveer tanaji malusare road and sinhgad road.  business and it hubs at kothrud, kharadi, and magarpatta in hadapsar are close by and is home to cyber it park, accenture, capgemini, avaya, hcl, etc. are based. giga space tech park is in nearby viman nagar. one of punes largest rajiv gandhi infotech park in hinjewadi is 22 km away, hosting it giants like infosys, tech mahindra, and cognizant, to name a few. 

key highlights:

• sun city is a residential destination in the anand nagar area lying between two of pune s most distinguished prime koregaon park and viman nagar localities. 

• it is well connected by pmpml buses to various significant locations in pune. 

whats great?

• the locality is known for its affordable and mid-segment housing options.

• pune s it parks and business hubs spread in different locations are easily reachable from sun city.

whats not great?

• traffic congestion often plagues the area in the peak hours of the day. 

Watch out for?:

• three under-construction rapid-transit metro lines are expected to start operation in 2021 onwards in phases.

• it shall augment connectivity to various destinations in pune. 

property price rising factor:

short term:

• affordable and mid-segment ready-to-move residential apartment blocks

• proximity to it and business hubs in the neighbourhood

long term:

• it is strategically located between two prime locations of koregaon park and viman nagar. 

• under-construction metro lines shall ensure rapid-transit across the city when completed. 

other highlights:

• social infrastructure:

sun city residents have easy access to all the essential social infrastructure ingredients to sustain a modern lifestyle. several good schools and hospitals are located in the immediate vicinity, and many markets line sun city road to supply daily needs. several parks, jogging tracks, and theatres dot the sun city locality providing ample options for recreation. 

• shopping complex & markets:

• hariom supermarket. 

• mataji supermarket.

• hanuman supermarket.

• chetana supermarket. 

• abhiruchi mall. 

• phoenix market city mall. 

• health care centers

• pulse multispeciality hospital.

• mankar hospital.

• jagtap hospital.

• salunke hospital.

• sushrut hospital. 

• connectivity & public transport:

sun city road, mumbai-pune bypass road, narveer tanaji malusare road, and sinhgad road serve sun city connecting to various pune destinations.  pune mahanagar parivahan mahamandal ltd. (pmpml) buses originating from pune bus stand 7 km away are the mainstay of sun citys commute option. auto-rickshaws and taxis are commonly used for local transport. the upcoming metro lines shall significantly augment punes transport network. 

• schools, bank & fitness centers:

schools:

• st. xaviers school.

• city world school.

• dnyanganga school.

• aaryans world school. 

banks:

• icici bank.

• bank of maharashtra.

• idbi bank.

• hdfc bank. 

fitness centers: 

• perfect fitness club.

• spa fitness.

• fitline gym.

• amida fitness. 

• popular landmarks near locality:

• sinhagad fort.

• maharshi annabhau sathe chowk.

• bhagwat gita chowk.

• vitthal mandir.

• masjid-al-ahad.

• abhirup city pride. 

micro market analysis:

capital and rental trends:

• in recent times, sun city s property prices have gone down by about 2.3%.

• the principal cause could be the overall disruption due to metro rail construction.

• apartments are sold at rs.4267 to rs.16434 per sq ft. 

• the rental price trends in sun city show that more than half the properties are available within rs.15k to rs.20k.  

scope of growth:

• sun city s rating hovers between average and unsatisfactory in select parameters. 

• the situation is likely to improve after the under-construction metro projects are completed. 

investment opportunities:

• consequent to critical trend analysis, it is recommended to hold investment at this juncture.