Among the select few - Kalyani nagar

Mar 04 2017 : The Times of India (Pune)

(Magicbricks Bureau)





There are some Pune localities that have registered a price growth and Kalyani Nagar is one of them

In the real estate market of Pune, which has been largely stable since a few years, there are a few localities that have actually registered a price growth.Kalyani Nagar, located in East Pune, has witnessed a healthy appreciation of about Rs 400 per sq ft in the past year. This means that an apartment of 1,000 sq ft which was for approximately Rs 90,94,000 in February 2016, will be available for Rs 94,92,000 now.
One main reason behind this price appreciation can be that lot of projects have come up for possession in 2017. Several new proj ects which were under construction since the last few years, are now ready, pushing the prices up.
Gaurav Malhotra of Big Money Properties, a broker based in Kalyani Nagar says, “The locality has had quite a few residential projects reaching the completion and possession stage. Moreover, Kalyani Nagar is a preferred locality since it gives people working in the business hubs of Kharadi, Hadapsar and Mundhwa a chance to live near their workplaces.“
So what makes Kalyani Nagar a preferred choice in Pune?
WHY KALYANI NAGAR?
Kalyani Nagar is a developed area and quite a popular destination as it has several malls, shopping areas and fast food joints. The developed social fabric, quality infrastructure and easy connectivity add to the popularity of the area. Pune railway station is about fivekms from Kalyani Nagar, while, Pune International airport is about 3.5-kms away.
Kalyani Nagar has always been known for offering and facing demand for premium cat egory homes, especially from the upper middle class. “Kalyani Nagar is mainly a residential area and has seen the presence of many known developers due to rapid commercial development,“ says Subhash Mondal of Santosh Enterprise.
WHAT'S AVAILABLE?
There is a wide variety of properties available at Kalyani Nagar, ranging from 1BHK to 3BHK and further spa cious apartments. For a 1BHK flat varying in size from 440 800 sq ft will be available from Rs 31.80 lakhRs 74.20 lakh. For a 2BHK flat in sizes of 650 1600 sq ft, one needs to spend about Rs 57 lakh Rs 1.33 crore. A 3BHK flat ranging in size from 1100 2300 sq ft is available in the price range of Rs 96 lakh Rs 2.24 crore. If you are buying a spacious 4BHK or 5BHK apartment in sizes of 40006500 sq ft, you need to shell out about Rs 6 lakh Rs 17.50 crore.
Kalyani Nagar, which is also home to Trump Towers, has several new apartments in the real estate market that offer unique amenities, such as bars, restaurants, barbeque pits, club house, private terraces, parks, security and more.