Vishrantwadi real estate has seen so many changes in the past few years. Residential property prices have steadily risen in Vishrantwadi. They comprise infrastructure, connectivity, and the area’s proximity to the local IT hubs. The region on both sides of Alandi Road has seen a continuous rise in residential demand due to its proximity to the eastern IT corridor and the availability of affordable housing options. Its surroundings include Tingre Nagar, Yerawada, Phulenagar, Khadki, and the Mula River. It has grown to be a well-liked residential area for individuals who work in the nearby office buildings. The availability of sufficient infrastructure and solid connectivity to the city center are other essential factors driving demand. Some of the critical apartment buildings in the region include Uttam Townscapes, Mahalaxmi Vihar, Siddheshwar Nagar CHS, Kukreja Heritage, etc. The significant increase in properties in Vishrantwadi is the consequence of several causes. Some of these are listed below:
Connectivity
The Mumbai-Pune highway, only approximately 7 km distant, provides excellent connectivity to the neighborhood’s neighboring areas and the rest of the city. Additionally, it has excellent access to all noteworthy communities, including Koregaon Park, Kalyani Nagar, Viman Nagar, Shivaji Nagar, Deccan Gymkhana, Yerawada, and Sangamwadi, among others. It is slightly over 3 km from the Pune International Airport and around 7 km from the Pune Railway Station.
Infrastructure
The extensive physical and social infrastructure of Vishrantwadi appeals to potential purchasers. The demand for residential real estate in the area has increased due to this. St. AV High School, Little Lamb Nursery School, and more well-known schools are nearby.
Accessibility to IT centers
Many IT centers, including Viman Nagar, Kalyani Nagar, and Koregaon Park, are located close to Vishrantwadi. A 5–6 km circle surrounds each of these locations around Vishrantwadi. It is also home to several renowned IT and non-IT businesses, like Vidushi Info Tech SSP Pvt Ltd India, Torux Software, JDPR SEO Solutions, Prodigy Technologies, DreamWorth Solutions, Shree Balaji Manpower Consultants, SAS Engineering, Cyclone Pharmaceuticals, etc.
Developers and prices of properties in Vishrantwadi
Vishrantwadi’s residential flats cost, on average, Rs. 5330 per square foot. In contrast, rents there cost on average Rs. 14 per sq. ft. So many well-known builders in Pune have completed residential apartment developments in Vishrantwadi. Ganga Kalash by Goel Ganga Developments is a well known residential complex in Vishrantwadi. The market still in its infancy, caters to homebuyers in the upper-income bracket. Most of these complexes are sizable, high-end ones built by big developers, boasting modern amenities ranging from 2 BHK in vishrantwadi to 3 and even 4 BHK residences in the same area. There are many properties on rent in vishrantwadi for those who don’t want to invest much.
Future Possibilities
Due to the benefits, it provides purchasers, Vishrantwadi has a great chance of becoming a top residential location. The neighborhood is a highly sought-after residential location, especially among IT professionals working in these areas, due to the abundance of IT centers nearby. Real estate in Pune has grown a lot in these areas, and real estate developers are also investing in projects. Even though the area’s costs have increased over the past few years, it is still relatively inexpensive, particularly for IT professionals with high disposable salaries. As a result, the area’s demand for residential real estate is anticipated to remain steady. “Given the rising pricing trend, which is predicted to continue in the future, this offers developers a lucrative opportunity to create more residential buildings that can be priced reasonably,” says Mr. Agrim Goel, director of Goel Ganga Developments Pune.
