Find A Home Of Your Choice In Pune's Suburb Baner
One of the major advantages that Western Pune suburbs have, is their proximity to Mumbai. Baner is one of the fringe areas of West Pune that has grown to be a promising real estate hotspot and an alternative to micro-markets in central Pune, which are witnessing steady price rise. Baner is a destination preferred by end-users encompassing luxury home seekers and affordable homebuyers, techies looking for rental options and even HNIs and NRIs (non-resident Indians).
Here's a look at the factors that drive the real estate market in Baner.
IT and industrial hubs nearby
Hinjewadi's development as an IT hub has driven the rental market of Baner. Some medium-sized businesses and IT parks, are also located in Aundh and Kothrud. The area, thus, attracts IT professionals in large numbers and offers plenty of rental options. Industrial pockets in nearby areas, like Pirangut, Talegaon and PCMC, further contribute to the growing demand for residential properties in the region, among working professionals. The prices of rental properties start at Rs 6000 per month for 1-BHK apartments. The average rental price is at Rs 23,046 per month for 1, 2, 3BHK units, starting at Rs 6,000 for 1BHK, Rs 13,500 for 2BHK, Rs 15,000 for 3BHK and Rs 75,000 for 3+ BHK.
Baner has good connectivity
Well-developed physical and social infrastructure is the lifeline of a real estate market. Baner offers the same, with its closeness to the Mumbai-Pune Expressway being yet another noteworthy feature. The Expressway is situated off the Katraj-Dehu Bypass (NH 4) that runs right next to the locality. Flanked by regions like Pashan, Balewadi and Aundh, Baner is connected to neighbouring localities via the arterial road – the Mumbai-Bengaluru Highway. There is an availability of good public transportation which allows residents to commute to work without any hassles, apart from easy accessibility to Mumbai and Bengaluru.
Quality infrastructure in Baner
Baner scores 91 out of 100 on the liveability scale. Despite extensive development activities, Baner has been able to retain its charm, with its enchanting green hilly terrain and tranquil surroundings. There is an availability of reputed healthcare centres, educational institutions, shopping complexes, cafes, restaurants, recreational facilities, etc. Civic infrastructure has been a cause of concern lately. While local citizens are taking up water scarcity issues with the authorities, Baner is also seeing new initiatives being taken up by the municipality, to upgrade civic amenities.
With Pune being listed among the smart cities, Baner along with Balewadi and Aundh, have been selected for the pilot phase. The efforts by the government in incorporating e-governance centres and other smart city features is set to transform Baner into a self-sustained neighbourhood.
Investment options in Baner
Baner has undergone development in a planned way, with many organised townships coming up in the locality. Whether budget homes or high-end villas, there are a plethora of residential options in Baner. In addition, domestic investors and the NRI community are sure to find suitable options, including properties on lease as well as resale. The average price of properties in the locality, is Rs 7,456 per sq ft. 1-BHK units are available between Rs 23-70 lakh. 2-BHK units are available at prices starting from Rs 44 lakh to Rs 1.5 crore. 3-BHK apartments have a price range of Rs 57 lakh to Rs 7 crore.
With inputs from Mishika Chawla.
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