Mundhwa, a Pune residential area, has seen an increase in real estate activity. The Mula River borders Mundhwa on the north, Manjri on the east, Hadapsar on the south, and Ghorpadi on the west. As a result, Mundhwa is gaining popularity as a residential area. Mundhwa real estate includes both residential and commercial properties in Pune. Thousands of homeowners in Mundhwa are promised a dream lifestyle, with both high-end and low-cost living alternatives available. Look at the highlights of the key aspects that transformed Mundhwa into a booming real estate market.
Why Choose Mundhwa for Real Estate Investment?
Connectivity:
Mundhwa has excellent access to the Mumbai-Nashik Highway because of its strategic position. Pune Mahanagar Parivahan Mahamandal Limited (PMPML) and Rainbow BRTS provide buses that connect the neighbourhood to the rest of the city. Furthermore, Pune Airport, which is 8.1 kilometres away, is readily accessible in 25 minutes via New Airport Road. The Ghorpadi Road connects to the Pune Railway Station in 8 km.
Mundhwa’s ideal spot is near major transportation routes in East Pune. For example, Hadapsar Railway Station is only four minutes away. Nearby metro stations, like Kalyani Nagar and Ramwadi, are also easily accessible in around 25 minutes.
Residents travelling to desirable locations such as Kharadi and Wagholi may take advantage of the Riverfront Road and the Beed-Ahmednagar-Pune Road for a hassle-free journey. The Ghorpadi Road and the North Main Road are the two additional arterial roads that provide smooth intra-city connections. Mundhwa lies near the middle of Kharadi Hadapsar Bypass Road, which provides a speedy trip to Viman Nagar, Kharadi, Magarpatta, Wadgaon Sheri, Sainath Nagar, and Amanora Town Centre.
Flourishing residential sector
Mundhwa is seeing an upsurge in demand for high-rise residential apartments and independent residences as more developers enter the market. Potential purchasers can choose from new launches, under-construction developments, and ready-to-move properties. Mundhwa also has a significant number of partial new launches (phases) to meet the expanding demand in the area.
Mundhwa also has consistent rental demand due to its handy location, which attracts corporate and industrial personnel. A one-bedroom rental flat may frequently fetch between Rs 9,800 and Rs 21,000 per month, depending on the facilities included and the property’s furnishing state. Rents for 2 BHKs are between Rs 25,000 and Rs 30,000 per month, while a 3 BHK home may be rented for up to Rs 40,000 per month.
A great spot
Imagine being merely a 10-minute drive from all of East Pune’s key job centres! Mundhwa puts the IT parks of Kharadi, the Mundhwa Industrial Area, and the commercial areas of Magarpatta and Hadapsar within 10-12 minutes of the suburb. Nearby business parks include the International Tech Park and EON Free Zone in Kharadi, as well as the Cybercity IT Park in Magarpatta. Google Pune in Koregaon Park is also only a 10-minute drive away.
It goes without saying to add, a lively region will almost certainly have a variety of social amenities nearby. From hospitals to entertainment venues, the chart below lists the amenities accessible within 10-15 minutes of Mundhwa.
Some major educational centres, such as Mother Teresa School Junior College, St. Joseph Convent School, and the Orbis School; medical facilities like Columbia Asia Hospital, Ankur Multispecialty Hospital, Salunke Multispecialty Hospital, Noble Hospital, Hadapsar, Pushpai Child Care Physiotherapy Centre; and recreational hubs like Inorbit Mall, Phoenix Marketcity, Seasons Mall, Savitribai Phule Balvikas Mandir, and Amanora Mall.
First time buyers who are looking for homes or commercial property generally look for accessibility of markets, schools, hospitals and public transport facilities. However, some of the people have expressed their worries about road encHowever, a few reviewers expressed worry about road intrusion and improper parking. Though East Pune is all developing considering beautification and improvement Although East Pune is now being developed for beautification and improvement, eventual customers should definitely discuss with their real estate brokers to understand the future growth in real estate of Mundhawa.
Exponential real estate growth
Mundhwa, with residence costs ranging approximately Rs 7,800 per square foot, falls somewhere between inexpensive and mid-segment. Buyers may have the best of both worlds here, with 1 BHK configurations beginning at about Rs 35 lakh. While luxury 1 BHK homes may cost up to Rs 50 lakh, 2 BHK units range Rs 65 lakh to Rs 95 lakh. 3 BHK units start at Rs 90 lakh and may go as high as Rs 1.50 crore. The price of a four-bedroom house is between Rs 2 and Rs 4 crore. However, low prices do not imply that the Mundhwa property market is stagnant.
Mundhwa has developed as a popular investment location for mid-segment purchasers due to the presence of several residential complexes and job centres nearby. End-users seeking a self-sufficient community to call home may look at current projects that provide rapid ownership at a reasonable price. New developments also provide lower entry costs and the potential for bigger price appreciation. However, before investing in any project, regardless of location, caution and rigorous market assessment should be exercised.
