If you just Google ‘moshi,’ you get results that range from a company called Moshi which makes mobile accessories to a game called Moshi Monsters, and even a municipality in Tanzania!
But it’s Pune’s Moshi that is capturing our attention here. And there are reasons why! Investing in an apartment of Rs 50 Lakh in Moshi can fetch you a rent of Rs 20,000-25,000 every month. And it’s not just limited to the rental returns. This location in North Pune has also recorded 7% growth in property values over the last one year.
Let’s examine why Moshi is on our list of promising localities in Pune.
Location
Moshi is strategically located along the Mumbai-Nashik Highway. Further, the Pune Airport, which is located about 24km from here, can be easily reached in 40 minutes via Wagholi Road.
Better management
Moshi falls under the purview of the Pimple Chinchwad Municipal Corporation (PCMC). The authorities here are known for their ‘infrastructure first’ approach, which has boosted the liveability quotient of the localities under PCMC. And Moshi is no different when it comes to enjoying the benefits of well-laid roads, planned layouts, and regular water and electricity supply.
Infrastructure push
In 2014, the Bharat Ratna JRD Tata Flyover was thrown open to the public. This flyover significantly reduced the travel time from Moshi to important employment hubs like Hinjewadi. This has resulted in increased housing demand from tech professionals.
Social infrastructure
From reputed schools to hospitals to entertainment centres, Moshi offers robust social infrastructure.
Some of the popular schools in the area are:
- The Symbiosis International School
- The Orchid School
- Wisdom World School
Some of the leading hospitals include:
- The Oyster and Pearl Hospital
- Aditya Birla Memorial Hospital
- Kotbagi Hospital
For entertainment, there is the Ozone Mall and Jewel Square Mall.
Buyers’ profile
Buyers from all walks of life prefer Moshi due to its robust social infrastructure. However, Moshi is perfect for people working in the Chakan and Bhosari industrial belt.
Further, it is also a preferred destination for professionals working in the Pune IT Park and RMZ Westend.
On the anvil
On the connectivity front, the 12km stretch of Moshi, starting from Nashik Phata to Indrayani River, is going to be widened by the National Highway Authority of India. For the same, PCMC has completed more than 90% of the land acquisition. This is expected to ease the traffic situation at Moshi Junction.
Another major project that is expected to give a major facelift to Moshi is the Pune International Exhibition and Convention Centre. Touted to be Asia’s biggest industrial convention centre, the project will have seven exhibition halls, a couple of iconic 28-storeyed commercial towers, hotels, and an eco-friendly nine-hole golf-course, among other things.
So, what’s available?
But does the locality have sufficient availability of properties?
Yes, Moshi is a buyer’s market in this case. As many as 649 properties are available for sale in this area, as per listings on RoofandFloor. At present, the capital values are in the brackets of Rs 4,000-5,700 per sq. ft.
Royal Sai Fortune, Mantra Moments Phase 2, Sunrise Enclave, Vision Kalpavriksha, Tulsi Ratna are some of the popular ongoing projects here.
Further reading
Thanks for this post.I need more details for Social infrastructure?