Project In Focus: Western Avenue By Kolte Patil, Pune

Western Pune comprises of some of the promising micro-markets which are witnessing sound property demand buying as well as renting. Wakad, located in Pimpri-Chinchwad district, is an attractive real estate destination which has presence of renowned developers such as Kolte-Patil Developers Limited, a firm that has recently launched a residential property named Western Avenue, located in the heart of the locality. 

PropGuide brings you an overview of the project.

About the property

Project RERA ID: P52100000917 

A meticulously designed property, Western Avenue (in Mulshi taluka) spans an area of 13.39 acres in Wakad. The property offers 500 units of 2 and 3BHK apartments with floor plans that take comfort and sophistication to the next level. The unit size varies between 562 sq ft and 865 sq ft which is the carpet area. Under-construction at present, it is flanked by 24-metre wide Dhole Patil road. As per details on Maharashtra Real Estate Regulatory Authority's website, the completion of this project is scheduled to be December 2021.  

The project also proposes to come up with covered parking space for more than 450 vehicles, out of which 366 are already booked. Almost 14 buildings have been sanctioned by the authorities.

The residential complex includes a range of modern amenities such as:

• Recreational open space
• Rainwater harvesting system
• Storm water drains
• Solid waste management and disposal
• Electrical meter room, sub-station, receiving station
• Community buildings
• Street lighting
• Fire protection mechanisms
• Landscaping and tree planting

The seller's website also points out that there are lifestyle amenities meant to be provided to home buyers and comprise of swimming pool, kids pool, walking pool, multi-purpose court, party lawn, outdoor fitness equipment, jogging track, raised deck as stage, screen wall, bonfire zone, gravel garden, herb garden, skating ring, chit chat patio, pavilion-kid play zone, waiting zone, shopping plaza, rock sculpture, yoga garden, amphitheatre, outdoor bowling alley, outdoor lounge, acupressure path, golf, children's play area, jacuzzi seat, senior citizen pavilion and outdoor shower facility.

The developer 

Kolte-Patil Developers Limited, the Pune-based developer of this residential property has over two decades of industry presence. The firm has spearheaded projects pertaining to residential, commercial, retail, IT parks, and integrated townships. The company was recently involved in a strategic divestment in the region when it sold its land parcel worth Rs 161 Crore to Star Mall Developers Pvt Ltd (ISMDPL). 

The neighbourhood

The property is located on the Dhole Patil Road in Pune's vibrant neighbourhood, Wakad. The locality is easily accessible from Hinjewadi, IT hub of Pune which houses technology parks like Infotech and Biotechnology Park, thus making the area comfortable for working professionals. Presence of quality civic amenities viz. robust drainage system, well-constructed roads as well as smooth availability of water and power, make living in Wakad a comfortable experience for modern residents.

With Pimpri Chinchwad Municipal Corporation (PCMC) granting maximum building permission for projects, the area is witnessing new developments when it comes to residential properties.

Connectivity

A part of Pimpri-Chinchwad region, Wakad enjoys good connectivity to Pune-Mumbai Expressway. Development of underpass, flyovers and Bus Rapid Transit (BRT) routes in the vicinity are likely to ease commuting for Puneites. Bus services provided by Mahanagar Parivahan Mahamandal Limited (PMPML) offers easy access to areas like Aundh, Pimple Saudagar and Pimple Nilakh.

Also read: Pune Homebuyers Can Soon Check Illegal Properties Online

Social infrastructure

Homebuyers are sure to experience the ultimate lifestyle with access to contemporary social amenities. This includes renowned educational institutions like D Y Patil Engineering College, well-known hospitals and high-end shopping malls like Shoppers Stop.

Average prices in Wakad

In Wakad, on average 1BHK homes of average sizes, 591 sq ft are available at a price of Rs 32.70 lakh while 2BHK apartments with average unit sizes of 989.75 sq ft are priced at Rs 58.60 lakh. The 3BHK apartments in the area are priced at Rs 84.80 lakh for average unit sizes of 1,429 sq ft. 

Also read: 5 Developments Pune Real Estate Market Witnessed Recently

PropGuide's verdict

With sound employment opportunities provided by the presence of global IT companies around Wakad, the project is an ideal investment option for those interested in 'buy to rent'. Homebuyers looking for affordable residential properties in the budget range of Rs 40 lakh to Rs 80 lakh can consider the project as a possible option.

For more details look for KOLTE-PATIL on maharera.mahaonline.gov.in