5 Upcoming Pune Localities For Buying 1BHK Apartments

It's been a while since Pune established itself as an ideal investment destination owing to the major presence of IT hubs and industries. This historical city is now set to witness a new wave of infrastructural development, with the proposed airport project, upcoming metro rail, flyovers and road widening projects.

According to a report by PropTiger Datalabs, Pune saw an increase in new residential launches by 166 per cent in January month-on-month, with home sales increasing by 53 per cent. The city also emerged as the largest contributors to the total absorption Q4 FY'17. The trend of small budget homes is picking up pace in the city, with good inventory available for apartments of 1-BHK configurations.

PropgGuide lists five best localities in Pune which witnessed the highest sales of 1-BHK homes during the period January-June 2017:

Wagholi

Livability Score: 8

Average Price: Rs 3,206 - Rs 4,206 per sq ft
Average Unit Size: 464 sq ft to 864 sq ft

Wagholi is a well-established locality which houses reputed companies, BPOs and industries. A bustling residential destination, the area comprises of high-rise apartments. Situated along a four-lane highway, the area is in proximity to Hadapsar and Kharadi, and has several roads and flyovers connecting to other parts of the city. Public transportation is provided by MSRTC bus services while social amenities in the area include schools, healthcare centres, shopping malls, hotels, etc.

Talegaon Dabhade

Livability Score: 8

Average Price: Rs 2,856 - Rs 3,856 per sq ft
Average Unit Size: 203 sq ft to 703 sq ft

Talegaon Dabhade is a suburb located 35 kilometres from Pune, along the Bangalore-Mumbai Expressway. The area is flanked by MIDC (Maharashtra Industrial Development Corporation), the industrial belt of Chakan, automobile manufacturing companies, MNCs, etc. The area is a 30 minutes drive from the IT hub of Hinjewadi. Hospitals, schools, colleges, retail shops, etc., are all present in abundance.

Moshi

Livability Score: 7.9

Average Price: Rs 3,506 - Rs 4,506 per sq ft
Average Unit Size: 461 sq ft to 861 sq ft

Moshi is a sought-after suburban residential area of Pune and a part of the Pimpri-Chinchwad belt. Nestled on National Highway 50, infrastructural developments such as the proposed metro rail and new Pune International Airport, is set to enhance the livability of the area. Bus services by the Maharashtra State Road Transport Corporation and PMPML, provide good connectivity to the neighbouring localities. This locality is replete with modern gated communities which are in proximity to multi-specialty hospitals, schools and supermarkets.

Alandi

Livability Score: 7.5

Average Price: Rs 2,989 - Rs 3,989 per sq ft
Average Unit Size: 382 sq ft to 782 sq ft

Known for its beautiful landscape and temples, Alandi is also a promising residential hub which is equipped with good social infrastructural facilities and has an airport and railway station in the vicinity. An upcoming ring road and state transportation buses, ensure good connectivity to neighbouring localities. The renowned MIT Academy of Engineering is situated in the vicinity, along with prestigious hospitals, shopping malls and restaurants.  

Chikhali

Livability Score: 8

Average Price: Rs 3,215 - Rs 4,215 per sq ft
Average Unit Size: 432 sq ft to 832 sq ft

Located close to the Pune-Nagpur Highway, Chikhali has IT parks, automobiles industries and factories in the vicinity. It is a fully-developed housing destination with ample greenery and access to the finest infrastructure including hospitals, markets, schools, shopping malls, institutes for higher education as well as the new international airport and railway stations in the vicinity.