If you are looking for an affordable house in Pune, this article will help you get your ideal and budget-friendly home.
After Mumbai, Pune is considered the most populous city of Maharashtra, India, eminent for its rich cultural heritage. With a whopping population of more than 7 million people, there is no question that Pune is the principal gathering spot for immigrants from different parts of the country for study and work.
Today, Pune is known as the ‘Oxford of the East’ with a happening vibe that has attracted countless young people to the city, in contrast to it being earlier known as the city of the pensioners (retired people). One can easily rent a flat cheaply, available in many areas of Pune, without staying far away from the city centre. We are here to give you a list of top-notch, affordable houses in Pune that you won’t believe exist.
7 Affordable Houses in Pune
1. Belmondo Augusta B
Belmondo Augusta B is the new project in Lodha Belmondo, a 100-acre property by Lodha Group, offering a wide variety of apartments at very affordable prices. It is situated at Gahunje, just 33.8 km from the Hadapsar Airport and offers excellent connectivity to Mumbai and Lonavala. The project provides 176 units of 1BHK apartments sized between 388 SQ.FT. and is spread over an area of 0.33 acres.
2. Western Avenue
The under-construction project of KoltePatil covers an area of over 13.39 acres and offers 862 units of 2BHK and 3BHK in the size range of 562-866 Sq. Ft. Amenities offered in the project include a children’s play area, rainwater harvesting, landscaped gardens, a clubhouse, closed car parking, solid waste management and disposal facilities. Being located at Wakad, the IT hubs are located close to the project.
3. Life Republic
The Kolte Patil Developers’ 421-acre township is located at Hinjewadi, considered the city’s information technology hub. The project has been built to provide a suitable lifestyle to working professionals; the project also offers well-connectivity to Mumbai Expressway and Wakad, as well as vital social infrastructure.
The project is near the Pimpri-Chinchwad area and is just a short distance from the international airport. The project was launched on August 2010; it offers over 2,876 units of sizes ranging between 502 Sq.Ft. and 1,702 Sq.Ft. The property also offers many modern amenities; its most magnificent feature is its 5-are grand entrance.
Over the past decade, a steady improvement has been seen in Warje, Pune, which was earlier considered to be just a farming land in Pune; it is located just 12 km away from the city centre. Today, Warje is regarded as the ‘spiritual extension’ of Kothrud, considered one of the most expensive localities in the city of Pune.
The proximity to the National Defence Academy (NDA) is one of the most striking features of Wajre. Even if the rapid growth of Wajre is kept aside, it is still considered one of the most suitable areas for people searching for places where the rent of flats is cheap and affordable.
5. Kumar Picasso
In size range of 671-853 Sq.Ft., Kumar properties offer 132 units of 2BHK and 3BHK apartments. Kumar Picasso is packed with numerous excellent amenities, including closed and open car parking, landscaped zones, fire protection facilities, solid waste management, etc. It spans an area of 2.14 acres of land.
Due to its location at Hadapsar, it is one of the most preferred residential locations by the professionals working in Magarpatta IT City, Koregaon Park and Kalyani Nagar.
The project is situated at Chikhali and is spread over an area of 1.94 acres. It comprises numerous high-end facilities and 258 units of 1BHK and 2BHK apartments sized between 337 Sq.Ft. and 512 Sq.Ft. Aksha Enterprises launched the project in March 2015; it is still under construction and is expected to be completed by December 2018.
Due to its proximity to several IT offices, Chikhali is a desired residential hub. In addition to strong social infrastructure, the area’s infrastructure is also improving owing to the introduction of the upcoming rapid transit system. The international airport of Pune is only 28 km away, and the railway station is just 8km from this location.
7. Kumar Park Infinia Phase III
Infinis Phase-III is another project by Kumar Properties; it is still under construction and is situated at Phursungi. In size range of 494-1,020 Sq.Ft. There are 334 units of 1BHK, 2BHK and 3BHK outstanding flats. The amenities include rainwater harvesting, a jogging track, a gym, a swimming pool, a clubhouse, a multipurpose room, etc. The project is spread over 4.4 acres of land.
It is entirely unexpected that the demand for commercial and residential property in this city of Maharashtra, despite the global recession. To sum it up, this “tech city” is the most desired destination for property and, lucky enough, you can avail affordable housing in Pune.
Low-interest rates offered by banks, its nearness to Mumbai, enormous growth potential, optimum climate, outstanding infrastructure and all could also be some of the possible contributing factors for the rising real estate in Pune. There are ample varieties of affordable houses in Pune that you won’t believe exist.