Pune’s real estate market may not be as demanding as Mumbai’s and Delhi’s but it does have a few good localities for the investors. Charholi, on the city’s northern fringes, is one of them. The face of this micro market is gradually changing with the time, which makes it a compelling case for investors, mainly those who are looking or planning to invest in Pune real estate.
Top reasons which make Charholi a winner:
Connectivity: Charholi is located roughly 22 km from Pune via the Alandi road. It is around 17 km from the Pune railway station and just 6 km from the Pune international airport. But what makes it extraordinary is its vicinity to the city’s IT hub, Kalyani Nagar, which is just 9 km away, it sees constant demand from professionals with a limited budget. Moreover, there is also a robust demand for a rented accommodation. There are also a lot of reputed educational institutions nearby, most prominent among them being the DY Patil Knowledge Centre.
What’s in it for you? There are a fair number of reasons for investment in Charholi. With prices reaching a saturation point in areas such as Kalyani Nagar, Viman Nagar, and Vishrantwadi, home buyers with modest options are now looking at the surrounding areas.
In the last few years, Dhanori has already seen a noteworthy amount of development. Charholi will be one of the first regions to get the benefits of the Ring Road as well as other proposed development projects.
The other reason that makes Charholi an attractive destination is the location advantage. This micro-market is very close to the Pune airport in Lohegaon and has swift connectivity to the IT and residential hubs of Karadi, Hinjewadi, Alandi, Moshi, Viman Nagar and Wagholi.
Future development: One of the major infrastructure projects which will give a positive impact on real estate market of Charoli is the proposed 170km Ring Road around Pune and Pimpri – Chinchwad. These developments will improve the inter-connectivity of Charoli to Pune and the Pimpri – Chinchwad Municipal Corporation (PCMC) and beyond. This will definitely impact the property values of the locality.