Tuesday, June 2, 2009

With Talegaon not picking up in the anticipated manner, Pune’s "new growth corridor" now encompasses Kharadi and Nagar Road(?)

This can be safely regarded as the "most lucrative real estate investment zone" for 2009-2010. (!)

The key demand driver is the Eon IT Park, which offers 4 million sq ft of prime IT space. It is currently in the final stage of completion.

Other IT SEZs and commercial developments are also on the anvil.

Proximity to revamped airport is another point in its favour. Due to the opening of VIP Road that connects Viman Nagar to the airport, connectivity has improved.

The opening of five-star hotels such as JW Marriott, Grand Hyatt and Leela in the near future will add further gloss to the area.

Moreover, at Rs 2,700-3,500 per sq ft, the area appears reasonably priced...(?)

To read more, please, visit - WHERE SHOULD YOU INVEST

What is your take on "Kharadi and Nagar Road"?

Do you consider it as the "most lucrative real estate investment zone"? Are Rs. 2,700 - 3,500 reasonable property rates? Do you expect any appreciation here in the coming 2 - 3 years? Please, share your views in the comments. Comments Policy

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