Are you planning to purchase a property on a medium budget in Pune? Also, are you looking for all the basic amenities on your property?
Bhugaon is an emerging locality that is currently undergoing a massive change in terms of development and settlement. This place has gained enough recognition as a real estate destination that most buyers are coming for investments. Bhugaon Pune is a part of Pune that offers you a vast tract of affordable land and has commercial centres nearby.
The infrastructure development that will surely bring extravagant residences for the buyers is currently undergoing. Many real estate builders are operating their services on a massive level. Bhugaon also shares its borders with developed neighbours such as Balewadi, Bavdhan, Pirangut, Karve Nagar, Aundh, Deccan Gymkhana, Chande, and many more.
5 Benefits of Investing In Bhugaon, Pune
You might be wondering about making a suitable investment. However, the low availability of affordable options in big cities like Pune and Mumbai makes a living under your purchased roof harder. With the current development plans of real estate developers in Bhugaon, you will have ample options. Several reasons for investing in Bhugaon.
1: Multiple Property Options
Housing projects are increasing rapidly, which has brought many affordable options too. If you are looking for a property in the medium range with all basic amenities embedded, Bhugaon is perfect for you. Multiple options are available in Bhugaon, Pune, and the ongoing property price ranges from Rs 5000 to 7300 per sq. ft.
The price for 2BHK lies in the range of 26 lakhs to 1.15 crores, while for a 3BHK property, it can be from INR 57 lakhs to 3.50 crores, depending upon the property you choose.
The rental properties here are excellent. For a 1 BHK, it ranges from INR 5000 to INR 15000, and the list goes on. So, overall you have multiple options or ready-to-move-in apartments in purchasing the right property that fits your budget and needs.
2: Affordability v/s Other Pune Localities
Pune comprises many areas where there is a considerable variation in prices. Bhugaon Pune property rates are much lower than the neighbouring localities such as Kothrud, and the price here drastically varies. There can be many possibilities for this variation in prices. The property per square ft lies between INR 5000 to 6334, while it can go up to INR 11553 per sq. foot in other posh localities of Pune.
This variation is a significant point for considering Bhugaon over any other locality. Bhugaon offers a great investment option for a middle-income group due to its affordability, real estate development, and growth.
3: Strategic Location Of Bhugaon
Pune is famous for its IT park of Hinjewadi. Many tech firms are built in Hinjewadi, such as Microsoft, Barclays, Infosys, and many more big MNCs located just 17 kilometres from Bhugaon. Bane, a well-known commercial centre 13 kilometres away, comprises many big companies, firms, and prominent buildings.
Your accommodation will be accessible as it is well connected to many localities giving you a livelihood. It is also near Dehu Road, which helps people commute without facing any traffic. It offers smooth movement within the city, so you don’t have to worry about accommodation.
The nearest railway station is just 7 km away, and Pune International Airport is accessible through Paud Road and Bypass.
4: Social Infrastructure At Bhugaon
Before moving to Bhugaon, you should consider educational institutes, hospitals, and markets nearby for daily accommodation. The best part is Bhugaon is home to many renowned educational institutes, making it ideal for homebuyers. Schools are available at a short distance, and various healthcare centres are, such as Shatayu Hospital, Khade Diagnostic Center, Asian Speciality Hospital, and many more nearby.
The area has multiple recreational options for freeing your boredom and hectic lifestyle. Pavilion Mall, Westend, and Ozone Mall surround the locality. Also, some luxurious hotels are present such as Orchid and Sayaji. For fun, you will visit resorts and parks close to Bhugaon, and various ATMs and Banks are also covering the location. Overall, you don’t have to worry about the essential fun and enjoyment of living here in Bhugaon.
5: Good Investment Option in Bhugaon
Bhugaon has everything that an individual wants in their surroundings. From a future point of view, Bhugaon is the best place for investments as it is currently undergoing a drastic real estate development.
The properties here are available at a better price than you can ever find in nearby localities. For middle-class homebuyers, Bhugaon offers multiple housing options that fit your budget, including all basic amenities. So, Bhugaon caters to your needs at the best price.
Conclusion
Bhugaon is a developing area showing strong real estate potential. Many infrastructural projects are happening in the Bhugaon, such as road expansion and project building. The government has invested a lot of money in building Bhugaon suitable for living. So, if you want an affordable property in Pune, Bhugaon is the place to end your search. It offers many projects to give you everything you want in your house.
Overall, living in Bhugaon is feasible both economically and socially.
FAQs
Why is Bhugaon famous?
Bhugaon is a part of Pune that is away from the city crowd with a lot of greenery. The area is surrounded by thick forest and has good quality air, which is attractive for living.
Is investing in Bhugaon worth it?
Bhugaon is emerging as a perfect living option in Pune. The area is undergoing a drastic real estate development that offers you multiple options for living, and it also has many affordable options compared to Pune and other posh localities.
Is Bhugaon the best place to live?
Bhugaon is an excellent and beautiful locality that is surrounded by greenery. The current urbanization has taken its value to a reasonable level.
Is Bhugaon under PMC?
Bhugaon is located in the western parts of Pune and offers excellent connectivity to nearby locations. Yes, Bhugaon comes under the jurisdiction of the Pune Municipal Corporation.
