Project Overview: This is one of the high mid-segment projects from Godrej comprising of 1, 2 and 3 BHK apartments spread in a sprawling area of 43 acres. With a Per Sqft price of INR 5225, the price of the project starts with 35 Lacs for a 1 BHK apartment. The prices for 2 and 3 BHK apartments lie between 56 and 83 Lacs.
Spread in an area of 43 acres the project is near equivalent to a township, involving a range of amenities such as clubhouse, swimming pool, gym, children play areas, jogging & cycle tracks along with a beautifully landscaped central green area of 2 acres in its phase 1 offering. The project will also offer convenient shopping area in the town square of the development.
Location Analysis
The project is located in Keshav Nagar, Pune, which is one of the most sought after residential locations in Pune, among the middle income and upper middle income home buyers in Pune. The location is conveniently located with the Railway station, Airport and the major malls of the Pune city such as Amanora Town Centre on Hadapsar-Kharadi Bypass, Phoenix Market City and In Orbit on Nagar Road. Not to mention the fact that the location is within a quick driving distance from numerous major IT parks in Magarpatta and Kharadi Kalyaninagar etc.
The location is also within a distance of 5 KM from Koregaon Park, which is considered as one of the most respected address in the Pune City. The location is known for being a prestigious residential as well as commercial market place and has a range of hotels, restaurants and multiplexes etc.
Infrastructure Projects in Keshav Nagar and Nearby Location
Kharadi: The location is located at a distance of less than 4 KMs from Kharadi. Kharadi, which was once a village, is rapidly evolving into a Central Business Destination (CBD) of the Pune City. Along with host of BPO, KPO the park is rapidly becoming home to a range of IT companies, MNCs and research institutions.
Commercial Developments: The nearby locations are also witnessing a massive commercial development in the form of EON Free Zone and the corporate office towers etc. is expected to further fuel the demand for residential units in the nearby area.
Road and Infrastructure: New developments such as total cement road is being constructed from Nagar Road to Magarpatta while a 4km Ring Road has been planned which will run from Wagholi, Pimpri, Chinchwad to reach Kharadi.
More Developments: More developments are being rolled out in the form of a vibrant social infrastructure encompassing of multiplexes, malls and hotels etc. Likewise under the PPP model the nearby locations are also undergoing infrastructure up-gradation in the form of new road network and flyovers etc.
Appreciation Analysis
Based on the analysis conducted above, the Kin Housing Research Team estimates that in the next 3-5 years, the property price of the given project will appreciate by 17-21%. Likewise the rentals will intercept a 7-9% annual increase.
Reasons to invest in the project
– High appreciation expected in the coming time on the backdrop of rise in IT parks, commercial space coupled with development of physical and social infrastructure.
– Trusted builder brand name of Godrej, which has a strong brand presence in Pune and other parts of India.
– Range of amenities, specifically designed to match taste of the elite and higher middle income class.
– In close proximity to the vast existing and emerging IT and other commercial space of Kharadi and other locations and hence will be preferred by individuals working over there.
– Close to Airport and Railway station and hence will be focal point of future commercial, tourism and infrastructure development in Pune.
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