5 Reasons Why You Should Invest In Kharadi

There is something about the small town of Kharadi in Maharashtra that has made it a preferred location for home buyers. A bustling residential area located on the eastern corridor of Pune, Kharadi houses some of the best residential spaces across Maharashtra. The residential apartments in Kharadi are available at an affordable price of Rs 5,600 per sq ft on an average, making the market even more attractive. Interestingly, there has been an increase in the overall prices by around 20 per cent in the past three years. Nearly 170 projects have been launched in the region. While the water supply has been an issue in the area for a while, the civic authority is promising to address the issue in future.

PropGuide explores one of Pune's prominent housing markets-

A business destination

Kharadi is home to some of the biggest IT parks namely Zensar Knowledge Park, MIDC Knowledge Park, Eon IT Park and World Trade Center. The IT companies located on the Nagar Road are in proximity, too. The locality is also an SEZ and an EON Free Zone. Besides, there are other renowned corporates such as Eaton, Synechron, Wipro, Polaris, Reliance, Tata Communication and Zensar. Softinfology Pvt Ltd, Tieto, Citicorp Services India Pvt. Ltd, Vodafone, Meltek Infosystems, Polaris, Eaton, Honeywell, Sears, Mphasis, Barclays, Symantec.

Presence of offices and commercial spaces in the neighbourhood makes Kharadi a perfect investment and home buying choice for home seekers.  

Powered with well-developed social infrastructure

Educational institutions such as Nirmala Convent, URSAL College, International School and Shankarrao College of Pharmacy are nestled in the locality. Furthermore, there are a number of prestigious hospitals like Prathmesh Hospital, New Municipal Hospital, Rakshak Hospital and Aditya Hospital along with popular bank and ATM branches and restaurants.

Connecting ways

Kharadi is well connected to other parts of the city through major roads including Kharadi Road, Kharadi South Main Road and Magarpatta Road. There is also an availability of a robust public transportation system. The state highway MH SH 27 is linked to the locality, which further boosts the connectivity.

Fulfilling residential needs

There is an availability of a variety of residential options including affordable as well as luxury apartments. Kumar Urban KUL Nation, Austin Engineers Regalia, Nyati Elysia and Rama Erande Group Swami Raj are some of the key projects in Kharadi. Marvel Realtors Aquanas, Panchshil Towers and Marvel Realtors Cerise are some luxury projects in Kharadi offering some of the finest amenities.

Nature at its best

Being moderately hilly and nestled on a river bank, most of the housing properties in Kharadi offer picturesque views of the serene surroundings. There is also plenty of greenery across the locality.  

Know these challenges

Around 32 housing societies in Kharadi are facing water shortages since March and are completely dependent on private water tankers. According to the residents, local engineers attribute inadequate water in tanks to leakages from the pipeline. The representatives also alleged that a large number of illegal connections had been routed for commercial purposes — roadside eateries being one of the beneficiaries. While the Pune Municipal Corporation (PMC) officials said that it would link water supply in the area to Bhama Askhed project, it is unlikely that the project would be completed before 2019. As per the estimate, Kharadi homebuyers paid Rs 3 crore as property tax to the PMC. At the same time, the water-deprived housing societies have to shell out around Rs 4.7 crore for private water tankers.

With inputs from Surbhi Gupta