Large homes attract buyers to Undri in Pune

Pune: Undri has always been a logical residential property destination in Pune, but for many years it lacked the required infrastructure.
It started developing as a real estate destination only about five years ago. Before that, it was mainly forest land. Even today, about half of the total area in Undri is still under Gram Panchayat jurisdiction, which has ensured rationality of property rates so far.

“The remaining part of Undri is soon going to fall under the municipal limits, which will help ensure planned development and more infrastructure. For these reasons, Undri is head-to-head with nearby Wagholi as a prime residential property investment destination in the Eastern part of Pune,” says Pravin Mahurkar, City Lead (Pune) Residential Services, Jones Lang LaSalle India.

As NIBM Road became increasingly saturated, Undri started to come into focus. “The revival of demand from the city’s manufacturing and IT sectors that are in close vicinity encouraged developers to concentrate more on this area,” says Kishor Pate, CMD – Amit Enterprises Housing Ltd. and Hon. Secretary – CREDAI (Maharashtra). Amit Enterprises Housing Ltd. currently has its very successful budget housing Colori at Undri. “The second phase of this project was recently launched and the company has many more plans for this area,” says Pate.

Goel Ganga Developments have been active in this location for the last three years. According to Rajendra S. Goel, Director, Goel Ganga Developments and Pushpganga Ventures, value of Undri has appreciated remarkably in the last 10 years. While land was available at Rs 200 per sq ft 10 years back, today it’s available for Rs 1500 per sq.ft.

Goel Ganga Development’s project Sai Ganga is present in Undri and it offers 1 and 2 bedroom apartments ranging from 625 to 1020 sq ft. The project has amenities including video security at the entrance gate and bio-sanitizer pit for waste disposal.

Additionally, Goel Ganga Developments’ Ganga Estoria and Ganga Elika are present in Undri. Strategically located at the cusp of Kondhwa and Undri, Ganga Estoria offers smartly designed 2BHK ranging from 960 to 1040 sq.ft and is surrounded by schools, restaurants and offers good connectivity in terms of infrastructure. Ganga Elika is located strategically and all basic necessities like shops, schools and entertainment avenues etc. are all in walking distance limits. Additionally, Pushpganga Ventures’ SwapnaGanga project is located in Undri.

Kruti Jain, Director, Kumar Urban Development (KUL) says, “We chose this location because it is perfect on accessibilities and convenience.Moreover our location offers desirable opportunities to live away from the monotonous of city life and that too be within few minutes’ drive from the major landmark like schools, hospitals, malls and markets of the Pune city. The project is accessible from NH 04 and the Pune camp has prominent employment catchments in the vicinity. Our project Kul Utsav rate is already been appreciated by 25% from the date of launch to till date.”

The primary advantages this location offers are natural beauty and cost-effectiveness. Home buyers are increasingly opting for Undri because they can get larger homes than in nearby Hadapsar at much lower rates. At the same time, Undri is well-connected to various key localities in Pune via various local and interstate highways and expressways while retaining its serenity. It has dense green cover protected by Government regulations.

Proximity to Wanowrie and NIBM gives ensures that residents in Undri have access to all necessities of daily living. It is an ideal residential real estate location, and one of the few in the more central part of Pune which still offer the city’s laid-back natural charm at affordable rates. It is also connected to Pune Camp. Ready possession flats in Undri currently sell at around Rs. 3800/sq.ft, while under-construction units are priced between Rs. 3000-3500/sq.ft, depending on project specifications and exact location.

With the widening of the Katraj-Kondhwa-Phursungi-Solapur highway, Undri’s all-round connectivity is going to increase dramatically. Moreover, it will soon be completely included within the Pune Municipal Limits, which will boost infrastructure development even further.

Source: Times Property, The Times of India, Pune