Looking For Affordable Property In Pune? Head Towards Moshi

Moshi, a Pune suburb boasting of industrial development, is now witnessing a rising demand for the residential real estate. Falling under the jurisdiction of the Pune Metropolitan Regional Development Authority (PMRDA), Moshi was earlier known to be facing various infrastructure challenges which are now being rectified to make the locality more and more livable. The rising employment opportunities and demand for residential properties in the semi-urban region of Moshi have helped the locality develop at a fast pace. Starting from the construction of International Exhibition and Convention Centre which is being developed in phases by the Pimpri Chinchwad New Township Development Authority to boost economic development, the area would attract more investment from foreign companies for better infrastructure.

For those planning to invest in this upcoming affordable residential Pune suburb, you have a plenty of reasons to make your move now.

Enhanced connectivity

To make commuting to this suburb easy, many infrastructural developments are in the works. From widening of the 12-km road between Nashik Phata and Indrayani River, to the planned Metro network passing through Moshi are expected to make the suburb connected to some of the key localities across Pune. The proposed Metro route that will pass through Moshi will connect the locality to the upcoming Pune international airport proposed in Rajgurunagar near Chakan.

Town planning at its best

Moshi is known for the industrial development that has taken place in the locality in past few years. According to media reports, the locality is being developed on the lines of Chandigarh, a city known for its town planning. Wide roads, industries with job opportunities, coming of affordable homes and one of Asia’s largest convention centres, together fulfill the needs of the dwellers.

Ample investment options

According to data available with PropTiger.com, there are over 170 projects in Moshi, out of which 73 projects are ready to move. Over 70 projects are under construction and 16 projects are new launches. Some of the well-known builders in the area are Pristine, Mantra Properties, Rama Melange Residences, etc. Most of the projects here are available in the affordable housing category and the amenities are restricted to car parking, kids' play area, garden and security assistance.

Consistently rising property prices

The property price movement in the area is consistent. A 1BHK is available for an average price of Rs 22.23 lakh while a 2BHK is available for Rs 32.24 lakh, a 3BHK is available for Rs 53.35 lakh and a 4BHK is priced at Rs 1.74 crore. The property prices in Moshi at the end of September 2018 stood at Rs 4,007 per square foot (sqf), up from Rs 3,995 per sqf in January 2018.

Also Read: 5 Upcoming Pune Localities For Buying 1BHK Apartments