Kharadi is Maharashtra is the recent favorite among the home buyers. This bustling residential area houses some of the best residential spaces across Maharashtra. The residential apartments in Kharadi are available at an affordable price, making the market even more attractive.
Interestingly, there has been an increase in the overall property prices in the past three years. Approximately 170 projects have been launched in the region. However, water supply has been an issue in the area for a while, the civic authority is promising to address the issue in the coming days.
A business hub: Kharadi is home to some of the biggest IT parks namely World Trade Center, MIDC Knowledge Park, Eon IT Park and Zensar Knowledge Park. The locality is also an SEZ and an EON Free Zone. Besides, there are many other multinational corporates here.
Presence of commercial spaces in the neighborhood makes Kharadi a perfect investment destination and home buying choice for home seekers.
Well-developed social infrastructure: Educational institutions such as International School, Shankarrao College of Pharmacy, Nirmala Convent and URSAL College are settled in the locality. Moreover, there are a number of reputed hospitals like Rakshak Hospital, Prathmesh Hospital, New Municipal Hospital and Aditya Hospital along with popular bank and restaurants.
Connectivity: Kharadi is well linked to other parts of the city through major roads including Kharadi Road, Kharadi South Main Road, and Magarpatta Road. There is also an accessibility of a healthy public transportation system. The state highway MH SH 27 is linked to the locality, which further boosts the connectivity.
Residential Real Estate: There is an availability of a variety of residential options which includes affordable as well as luxury apartments. Austin Engineers Regalia, Nyati Elysia, Kumar Urban KUL Nation and Rama Erande Group Swami Raj are some of the key projects in Kharadi. Panchshil Towers, Marvel Realtors Aquanas, and Marvel Realtors Cerise are some luxury projects in Kharadi offering some of the premium amenities.
Most of the residential properties in Kharadi offer scenic views of the serene surroundings. There is also plenty of greenery across the locality.
Challenges: Many housing societies in Kharadi are facing water shortages for quite a long time and are completely dependent on private water tankers. According to the residents, there are a large number of illegal water connections had been channeled for commercial purposes — roadside eateries being one of the receivers. As per the estimate, Kharadi homebuyers paid Rs 3 crore as property tax to the PMC. At the same time, the water-deprived housing societies have to shell out around Rs 4.7 crore for private water tankers.
