Are high property prices in Hinjewadi and Wakad crushing your homebuying dreams? Consider Punawale. A suburb in Pimpri Chinchwad, it enjoys proximity to a growing industrial belt of large national and multinational companies. That’s not all! It is just five minutes away from the Mumbai-Pune Expressway.
Did You Know?
Until the 1990s, residents of Punawale were primarily involved in agriculture and wood carving.
Commute
Punawale is just five minutes from the Pune-Mumbai Expressway. It enjoys intra-city connectivity through PMPML buses. The airport is about 28km from here, while the nearest railway station is in Akurdi.
Lifestyle
Apart from professionals working in Hinjewadi and Wakad, Punawale is also popular among students. Why? Well, the renowned Pune University is in the Punawale. Despite the rapid industrialisation in the nearby areas, the area still retains a calm and serene atmosphere. Not to mention, it does not disappoint on the livability front as well.
Eating Out
Punawale has restaurants to suit all budgets. If you are a vegetarian, Sri Radha Krishna Balaji is an excellent choice in the region. Some other popular names include Hotel Chandra Gardens, Sarthak Family Restaurant, and Blue Water.
Top Projects
Schools/Educational Institutions
- PCMC Primary School
- International School of Management Studies
- Mercedes-Benz International School
Hospitals
- Gagangiri Hospital
- Lifecare Hospital
- Municipal Corporation Dispensary
The Real Estate Market
In terms of availability, the majority of the properties in Punawale is in affordable and mid-segment. On average, the property values are in the range of Rs 3,094 –5,981 per sq. ft.
What to Expect
The house prices in the region are very reasonable right now but are bound to increase in the coming years. Thus, if you are planning to invest in the area, this could be the best time.