Located in the eastern part of the city, Mundhwa has evolved as an attractive investment destination in Pune. Wondering why? Well, investing in an apartment of Rs 50 Lakh in Mundhwa 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 East Pune has also recorded 11% growth in property values over the last two years.
Let’s examine why Mundhwa is on our list of promising localities in Pune
Strategically located, Mundhwa enjoys seamless accessibility to the Mumbai-Nashik Highway. Pune Mahanagar Parivahan Mahamandal Limited (PMPML) and Rainbow BRTS buses connect the locality to all neighbouring areas in the city.
Further, the Pune Airport, which is about 8.1km from here, can be easily reached in 25 minutes via New Airport Road. The Pune Railway Station is 8km away along the Ghorpadi Road.
From reputed schools to hospitals to entertainment centres, Mundhwa offers robust social infrastructure.
Some of the popular schools in the area are:
- Little Millennium
- Sarthi Vidya Mandir
- Savitribai Phule Balvikas Mandir
- The Orbis School
Some of the leading hospitals include:
- Columbia Asia Hospital
- Ankur Multispeciality Hospital
- Om Hospital
- Sai Hospital
For entertainment, there is Inorbit Mall, Phoenix Market, and Seasons Mall.
Further, the locality is served by the Maharashtra Water Supply and Sewerage Board and Pune Electricity Supply Board supplies electricity.
Ample property options
Mundhwa has a range of options beginning from affordable apartments to luxury villas that command prices anywhere upward from Rs 1 Crore.
Currently, the average property prices are in the range of Rs 5,000-7,100 per sq. ft. The locality has properties from premium builders, including Oxford Group, Puravankara Limited, Gera Developments Pvt Ltd, among others.
Residential projects in Mundhwa
Oxford Florida Riverwalk
Spread across 4 acres, Oxford Florida Riverwalk offers 2 and 3BHK apartments with landscape and river on either side. An under-construction project, it is currently commanding a price of Rs 9,390 per sq. ft. Florida Riverwalk is approved by the MahaRERA and is expected to be completed by March 2020.
A project by Shree Venkatesh Buildcon Pvt. Ltd., Venkatesh Graffiti promises a life beyond the monochromatic 9 to 5 routine. Spread across 10.5 acres, it offers premium 1, 2, and 3BHK apartments built across 17 towers. All units in the project are spacious with thoughtful floor plan ensuring ample light and ventilation.
The project has three phases and is currently commanding a price of Rs 8,500 per sq. ft. A typical 2BHK apartment in Venkatesh Graffiti would cost you about Rs 63 Lakh. A RERA-approved project, it is slated for possession in December 2020.
Cocooned from the city rush, PGD Pinnacle is a new project by PGD Group. The project is equipped to pamper and de-stress you with ample amenities and recreational activities. Spread across two towers of ten floors each, it offers apartments in 1 and 2BHK configurations starting at Rs 43 Lakh.
An under-construction project, it is slated for possession in October 2020. It is also approved by MahaRERA.