Price Correction Makes Pune’s Koregaon Park Property Market A Hotbed For Investment

The premium residential property market of Pune’s Koregaon Park is known for well-developed infrastructure. Strong connectivity, interesting leisure options and high-rise luxury properties, Koregaon’s real estate is a choice of many. If you are looking for a property in Koregaon Park, now is the time. Why? The prices are at the lowest since September 2017, a drop of Rs 550 per square foot.

Also, some other factors that make this locality worth your money are:

Ideal connectivity

What makes Koregaon Park a well-located area is its proximity to the international airport and the railway station – six kilometres and three kilometres—respectively. The locality is well-connected to the city centre through the Agha Khan Bridge which runs over Mula River and reaches up to Kalyani Nagar. Buyers of apartments in Koregaon Park will enjoy smooth commuting experience owing to the development of New DP Road, which was open to the public in February this year, connecting the locality to Magarpatta and Botanical Gardens.

Leisure at its best

The presence of German Bakery, Osho Ashram, Hotel Westin and Chabad House give Koregaon Park an edge over other localities. The presence of generous green cover sets up a breath-taking ambience and also ensures a less-polluted environment. With many restaurants around and some interesting leisure spots, Koregaon Park is apt for those who want a work-life balance.

Luxury at best prices

Koregaon Park has witnessed a drop of 3.4 per cent in property prices since September 2017. The property prices that stood at Rs 15,158 per sq ft in September 2017 dropped to Rs 14,603 per sq ft in September 2018.  The upcoming properties in Koregaon Park are built as per the latest construction techniques and have luxury fittings and furnishings. They come up with high-end amenities for a comfortable living.

Finest Infrastructure

The social infrastructure is robust in the locality. These include:

Educational institutions: Noah's Ark Preschool and Daycare School, Poona International School, Sant Gadhge Maharaj School, St. Joseph's School, Vidyalaya English School and Vidyalaya.

Healthcare centres: Rajarshi Shahu Maharaj Hospital, Inlaks and Budhrani Hospital, Budhrani Hospital, Bhavani Hospital and Dr. Bapusaheb Genuji Kavadi Patil Hospital.

Hotels: The Westin, Oakwood Hotel, Malaka Spice and Park Central.

Commercial centres: Central Business Districts in Pune and Primary IT/ITES Hub.

Shopping malls: Koregaon Park Plaza Mall and Jewel Square Mall.

Multiplexes: PVR and Inox

Also Read:

5 Posh Localities In Pune Central

5 Most Affordable Localities In Pune

With inputs from Gunjan Piplani