The real estate market in Pune has scaled new heights over the last few years. Apart from its pleasant climate, the cultural capital of Maharashtra has largely benefited from the expansion of IT/ITeS and manufacturing industries. Further, Pune’s inclusion in the list of 100 Smart Cities has also attracted increased attention from several multinational companies who are keen to set up operations here.
Pune’s infrastructure continues to improve, and although it has a long way go, the real estate market here has grown over the years. And that growth has been most visible in the affordable segment.
Gone are the days when affordable projects just offered vanilla apartments with little or no amenities. With rising income levels, buyers today aspire to a good lifestyle even in a budget-friendly home.
Taking a cue from this, real estate developers have already started to cash in on the affordable segment in Pune.
Here’s a list of the top 5 affordable projects in Pune that provides you lifestyle and savings as well!
DMK Stella, Moshi | Price: Rs 5,353 per sq. ft.
DMK Infrastructure Pvt Ltd presents DMK Stella a project that has been tickling buyers’ fancies for quite some time now. Spread over 7.98 acres, it has three towers with 15 floors in each tower.
It offers a total of 315 units in 1 and 2BHK configurations in varied sizes.
The 1BHK units range from 432 sq. ft. to 453 sq. ft, while 2BHK units are available in the sizes of 578 sq. ft. and 608 sq. ft. The project is RERA-registered and is slated for completion is Feb 2018.
Being located in Moshi, the project is attracting housing demand from the professionals working in the Bhosari and Chakan industrial belt.
The project also enjoys good accessibility to Pune Airport, which is located about 24km from here and can be reached in just 40 minutes via Wagholi Road. Residents can also enjoy Moshi’s serene environment as it is situated along the Indrayani River and the Mumbai-Nashik Highway.
VTP Purvanchal, Wagholi | Price: Rs 3,820 per sq.ft.
An upcoming residential development in Wagholi, VTP Purvanchal is another project in the affordable segment. Spread over 11 acres, the project boasts of luxurious amenities, including a clubhouse, indoor games, multipurpose court, swimming pool, and crèche, among others.
The project offers 1, 2, and 3 BHK configurations in different sizes ranging from 366- 728 sq. ft.
The price varies from Rs 26 – 62.41 Lakh.
VTP Purvanchal is a mere 15 mins drive from EON IT Park. In terms of social infrastructure, Wagholi is well-established with several schools and hospitals in the vicinity. Phoenix Market City, In Orbit, Seasons, and Amanora are a few malls in the area.
The project definitely is a good option due to its proximity to EON IT Park and companies in Koregaon Park. It is slated for completion in November 2020.
Oxy Galaxy, Wagholi | Price: Rs 3,731 per sq. ft.
Oxy Galaxy by the Venkatesh Oxy Group has clocked the third position on our list of best affordable projects in Pune. While there are several factors that make it a worthy investment, its strategic location steals the show.
Spread over 1.39 acres, it boasts of two towers with 12 floors each. There are a total of 158 units in 1 and 2 BHK configurations. 1BHK units are available in sizes of 501, 517, and 491 sq. ft, while 2BHKs are available in 675, 715, 726, 488, 511, and 634 sq. ft.
Oxy Galaxy has an earthquake-resistant RCC-framed structure.
An eco-friendly project, Oxy Galaxy has provision for rainwater harvesting, solar water heating, energy saving lights for common areas, and an automatic water plumbing system. In addition to the usual amenities, it also has a dedicated area for senior citizens.
The project is RERA registered and is priced at Rs 3,731 per sq. ft. It is ready-to-occupy.
Oxy Evolve, Wagholi | Price: Rs 5,732 per sq. ft.
Securing the fourth slot on our list is Oxy Evolve by Venkatesh Oxy Group. If you are eyeing a ready-to-occupy property, then this project in Wagholi is a must visit. It offers 201 apartments in 1 and 2BHK configurations.
A swimming pool, gymnasium, gazebo, clubhouse, and intercom provision for each flat are some of the amenities that residents here will enjoy. This also has an earthquake-resistant RCC-framed structure.
1BHK units are available in sizes of 488, 491, 501, 511, 517 sq. ft. while 2BHKs are available in 634, 675, 715, and 726 sq. ft. The project is RERA registered and is priced at Rs 5,732 per sq. ft.
Namrata Ecocity 2.0, Talegaon Dabhade | Price: Rs 3,300 per sq. ft.
Namrata Group developed a project name by Namrata Eco City 2.0 which is a thoughtfully designed residential township that offers 1 and 2 BHK apartments in Talegaon Dabhade. Situated in the heart of Talegaon, the project enjoys seamless connectivity to Hinjewadi, a popular IT hub in the city. Further, it is a mere 2.2km from Talegaon Railway Station.
The project is being built using international Alu-form technology that allows maximum space utilisation. Amenities include a swimming pool, clubhouse, kids play area, and jogging track, among several others.
Namrata Eco City 2.0 offers a total of 550 units in 1 and 2BHK configuration. 1BHK units are available in size range of 351- 455 sq. ft. and 2BHK units are in available in size range of 495-699 sq. ft. The project is currently priced at Rs 3,300 per sq. ft. and is ready-to-move-in.
Stay tuned to Realty Guide to know more about affordable projects in other cities, including Bangalore, Chennai, and Mumbai. Sign up for our newsletter for weekly updates.
