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Top 21 New Residential Projects in Magarpatta, Pune

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About Magarpatta, Pune

Magarpatta, located in Pune's southeast, spans 430 acres and borders Amanora Park Town and Hadapsar. It's home to over 35,000 residents and a working population of 65,000. This gated community boasts 85% apartments and 13% commercial spaces, predominantly offering 2, 3, and 4 BHK units. Magarpatta's appeal lies in its modern infrastructure, with amenities like Seasons Mall and Noble Hospital nearby.

Excellent connectivity, linked to NH4 and Kharadi Bypass, makes Magarpatta popular among professionals. It's near Pune's major IT hubs, Aditi Garden and Magarpatta Circle.

Why Should You Invest in Magarpatta?

Investing in Magarpatta is smart due to its rising property values, with apartments priced at around Rs. 10,000 per square foot, offering a rental yield of 9.1%. Neighbouring areas like Kirtane Baugh, Bhosale Nagar, Hadapsar and Amanora Park Town add to its appeal, offering convenient living options.

Furthermore, renowned developers in the area, including Panchshil Realty, Kumar Properties, and Pawar Buildcon, add value to the region's credibility and desirability.

Price Trends of Property in Magarpatta, Pune

Here is the statistical data to understand the price trends of properties in Magarpatta, Pune:

Year Price/Sq ft
2019 Rs. 8,200
2020 Rs. 8,350
2021 Rs. 8,700
2022 Rs. 9,200
2023 Rs. 10,300
2024 Rs. 10,000

Disclaimer: The above prices are based on data collected from different sources and do not reflect the actual price. The price may vary depending on the developer, location, and amenities.

Top 5 Reasons to Invest in Magarpatta, Pune

1: Best Connectivity

  • The locality has good connectivity with the rest of the city via Kharadi Bypass and National Highway 85.
  • Magarpatta Road, BG Shirke Road and Trillium Road ensure sound connectivity in Magarpatta.
  • Hadapsar Railway Station is the nearest (3 km) to Magarpatta City.
  • Pune International Airport is about 9 km from Magarpatta.

2: Leading Residential Projects

3: Top-Notch Infrastructure

Below are some leading schools, renowned health centres, efficient recreational spaces, and amenities available in Magarpatta.

Leading Schools Renowned Health Centres Eatery Spots
Magarpatta City Public School VillooPoonawalla Memorial Hospital Drunken Monkey
IBS School Sunshine Hospital TJ's Brew Works
V Ps Magarpatta City Public School Dr.Swetha's Sanjeevani Hospital Circle of Trust
VIBGYOR High School Sahyadri Super Speciality Hospital TGI Fridays
Mentor International Prakash Hospital Pop Tate's

4: IT Hub and Employment Opportunities

  • Blue-collar employment opportunities are mostly available in Magarpatta City.
  • Magarpatta houses IT/ITeS companies like WNS Global, Accenture, SAS, and HCL, as well as various international banks like the Bank of New York Mellon and Deutsche Bank.
  • Other significant areas of employment in the vicinity include Malwadi, Mundhva, etc., located within 8 - 12 km of the locality.
  • Most offices and retail markets are on major roads such as Trillium Road and BG Shirke Road.

5: Nearest Commute

The table below provides an overview of the approximate distance and commute time from Magarpatta to some major nearby localities.

Locality Approx. Distance from Magarpatta Commute Time from Magarpatta
Hadapsar 1.2 km 4 minutes
Kalyani Nagar 5.5 km 18 minutes
Kharadi 6.2 km 17 minutes
Mundhwa 2.5 km 8 minutes
Viman Nagar 8.6 km 25 minutes

FAQs

What is the PIN code of Magarpatta?

The PIN code of Magarpatta is 411028. It is situated in Pune, Maharashtra.

What is Magarpatta famous for?

Magarpatta is renowned for being India's pioneering farmer-led township. Founded by Magar and 120 farming families, it is celebrated for its unique development model, where farmers pooled their land to create a township instead of selling it to a real estate developer. About 30% of the area is green space. Magarpatta has residential developers such as Pawar Riseonic and Panchshil Yoo Pune, making it a shining example of collaborative urban planning and social capitalism.

Is Magarpatta an excellent place to live?

Magarpatta offers essential amenities and cultural attractions for a comfortable living experience, making it worth living. Magarpatta is enriched with Magarpatta City Public School and IBS School. Nearby, there are hotels, restaurants, and gyms.

Retail options like Destination Centre, Amanora Mall, Seasons Mall, and Konark Icon are nearby. There are religious sites like Maruti Mandir, Shiva Temple, and Aga Khan Palace for recreation.

What is the future of Magarpatta?

Magarpatta shows promising growth, with the average property rate at Rs. 10,000 per square foot. Upcoming projects in the area, like Kumar Prospera, indicate further development and investment opportunities, ensuring a bright future for Magarpatta's real estate market. Moreover, the proposed Ruby Hall Clinic Metro Station on Line 2 of (Vanaz to Ramwadi), tentatively scheduled to open in 2024, is expected to improve further connectivity.

What are the top schools in Magarpatta?

  • Mentor International School
  • Vidya Pratishthan
  • Atelier International Preschool
  • Magarpatta City Public School
  • IBS School
  • VIBGYOR High School

What are the top hospitals in Magarpatta?

  • Noble Hospitals & Research Centre
  • VillooPoonawalla Memorial Hospital
  • Dr.Swetha's Sanjeevani Hospital
  • Sahyadri Super Speciality Hospital
  • Sunshine Hospital

What are the best restaurants in Magarpatta?

  • The Cult House
  • Pop Tate's
  • Circle of Trust
  • Drunken Monkey
  • Barbozza
  • FML- Food Music Love

What are the petrol stations in Magarpatta?

  • Hindustan Petroleum
  • Indian Oil
  • Bharat Petroleum

What are the top gyms in Magarpatta?

  • Cult
  • Raw 7 Fitness Gym
  • The Workout Studio
  • Fit I Am
  • City Point Fitness

What are the shopping malls in Magarpatta?

  • Seasons Mall
  • Lifestyle Stores
  • Amanora Mall
  • DC - Destination Centre

What are the top hotels in Magarpatta?

  • Cocoon Hotel
  • Bloom Hotel
  • Monarch Guestline
  • Amanora The Fern
  • Emerald Guestimony
  • Itsy By Treebo

What are the parks in Magarpatta?

  • Aditi Garden
  • GP Pradhan Garden
  • Jasminium Garden
  • Garden of Sylvania
  • Magarpatta Circle Garden View

What are the top attractions in Magarpatta?

  • Aga Khan Palace
  • Joshi's Miniature Museum
  • Shaniwar Wada
  • Darshan Museum
  • Shivaji Maharaj Museum of Indian History

How much does a 1 BHK cost in Magarpatta?

1 BHK in Magarpatta costs in the range of Rs. 44 Lakh to Rs. 70 Lakh

What is the average size of a 1 BHK in Magarpatta?

The average size of a 1 BHK in Magarpatta is around 651 sq ft.

What is the rent of a 1 BHK in Magarpatta?

The rent of 1 BHK in Magarpatta lies in the range of Rs. 18,500 to Rs. 26,500 per month.

How much does a 2 BHK cost in Magarpatta?

2 BHK in Magarpatta costs in the range of Rs. 71.9 Lakh to Rs. 1.16 Crore.

What is the average size of a 2 BHK in Magarpatta?

The average size of a 2 BHK in Magarpatta is around 920 sq ft.

What is the rent of a 2 BHK in Magarpatta?

The rent of 2 BHK in Magarpatta lies in the range of Rs. 27,500 to Rs. 42,000 per month.

How much does a 3 BHK cost in Magarpatta?

3 BHK in Magarpatta costs range from Rs. 1.04 Crore to Rs. 3 Crore.

What is the average size of a 3 BHK in Magarpatta?

The average size of a 3 BHK in Magarpatta is around 1400 sq ft.

What is the rent of a 3 BHK in Magarpatta?

The rent of a 3 BHK in Magarpatta ranges from Rs. 43,500 to Rs.1.3 Lakh per month.

How much does a 4 BHK cost in Magarpatta?

4 BHK in Magarpatta costs in the range of Rs. 2.40 Crore to Rs. 6.05 Crore.

What is the average size of a 4 BHK in Magarpatta?

The average size of a 4 BHK in Magarpatta is around 2050 sq ft.

What is the rent of a 4 BHK in Magarpatta?

The rent of a 4 BHK in Magarpatta lies in the range of Rs. 1.1 Lakh to Rs. 2.9 Lakh per month.

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