Nestled amidst the rich and vibrant cultural heritage of India, Pune stands as a testament to the harmonious coexistence of tradition and progress. Known for its esteemed educational institutions, Pune has also carved a niche for itself in the ever-evolving IT landscape, attracting professionals and dreamers alike. Coupled with its pleasant climate, Pune has emerged as a sought-after destination for those seeking a place to call home or a promising investment opportunity.
Pune, usually known as the “Queen of the Deccan” and “Oxford of the East,” is a city that resides in people's hearts. As developed and modern as it is, it has never forgotten its route and is Maharashtra’s one of the most popular cities. With these benefits and several locations that are famous tourist attractions, Pune has transformed exponentially. With Mumbai just a 2-hour drive away and Lonavala at a close distance, the real estate market in Pune has picked up more than ever.
To know what locations, suit the best for investors, this blog will act as a journey to find out the best area to live in Pune's thriving neighborhoods. Discover the distinctive lifestyle of some of Pune’s best areas including Punawale, Moshi, Ravet, Spine Road, and Pimpri Chinchwad.
1. Punawale
Punawale is a growing neighborhood in the Pimpri-Chinchwad district of Pune, and it is part of the Pune Metropolitan Region, it also is one of the best residential areas in Pune. The neighborhood is conveniently located along the Mumbai Highway (NH-48), close to the Hinjewadi IT cluster. Both easy accessibility and closeness to work opportunities are major elements driving real estate development in Punawale.
Punawale has a robust social and retail infrastructure, and it relies on adjacent areas for access to schools, hospitals, markets, and shopping malls. JSPM Institutes, Lotus Business School, Indira College of Commerce & Science, Orchids Some of the nearby educational institutions. Hospitals like the International School, Dhanwantaris Chrysalis, and Ojas Multispeciality Hospital are in proximity.
Punawale is around 20 minutes distant from the key employment zone of Hinjewadi Rajiv Gandhi Infotech Park. Blue Ridge IT Park, Embassy Tech Zone, Embassy Quadron Business Park, Wipro Campus, and Infosys Campus are among the business centers and corporate campuses located there.
Punawale is home to many spacious and lavish residential projects such as Puneville by Pharande Spaces, Siddhashila EELA, Krisala 41 Estera, Ahura Ecopolitan, etc.
2. Moshi
Moshi is a notable residential and industrial neighborhood in the Pimpri-Chinchwad district, located on the outskirts of Pune along the Nashik-Pune Highway (NH 60) and the Dehu-Alandi Road. It has evolved into a thriving residential locale during the last several years, with multi-story residential apartments, individual houses, and plots.
The area's residential demand is driven by affordable housing, decent municipal facilities, and proximity to industrial sectors. Pristine Greens, Vaanya by Pharande Spaces, Tulip Infinity Planet, Grow More Aavishkar, and Alpine Aura are among the many ready and under-construction residential projects in the region.
Moshi’s proximity to industrial and IT hubs of Bhosari MIDC, and Talawade MIDC, makes it one of the best residential places in Pune. Moreover, it is located around 10 kms from other industrial areas and IT/ Business Parks in Chinchwad, Akurdi, and Nigdi Pradhikaran. With a robust social and retail infra, Moshi can be a perfect fit for investors.
3. Ravet
Located in the North-West side of Pune, Ravet is a rapidly developing suburb, strategically placed at the intersection of Mumbai-Pune Highway and Katraj-Dehu Bypass Road (NH-48). Its seamless connectivity to Vikas Nagar, Nigdi, Akurdi and Pawana River, makes it an enticing option for investors.
Ravet has a good mix of under-construction and ready to move residential projects like Felicity, Celestial City, GK Silverland Residency, Bhoomi Orabelle and Runal Gateway.
Ravet enjoys easy accessibility to the major hot spots of Pune. With its seamless commute with Aundh-Ravet BRTS Road and Old Mumbai Road, it is one of the best places to live in for families. With educational institutes, healthcare facilities, IT hubs, and entertainment zones just a stone's throw away, this is an ideal address for individuals seeking a perfect home.
4. Spine Road:
As the name says Spine, Spine Road too is also one of the most important parts of Pune. It is also one of the elite locations, having proximity to major IT hubs and offering a lavish lifestyle.
With a well-developed social infrastructure, it is home to many renowned schools, and the neighborhood is surrounded by great healthcare facilities too. With Talawade IT Park, Chakan Industrial Estate and Bhosari Industrial Estate, Spine Road has gained traction in the real-estate arena. A few residential projects like L-Axis and Tulsi Pratham Society are Spine Road’s thriving options for investment.
5. Pimpri-Chinchwad:
Pimpri Chinchwad is known as the industrial and automotive hub of Pune. The development in the industrial arena is the heartbeat of this location. It is surrounded by localities such as Pimple Saudagar, Tathawade, Bhosari, Vitthal Nagar, Nigdi, and Wakad.
Pimpri Chinchwad is a perfect blend of social and retail infrastructure. The neighborhood has schools like Alphonsa High School, Priyadarshini School, Cambridge International School, Pimpri Chinchwad college of Engineering, DY Patil Institute of Technology and Modern College of Pharmacy, St Andrews High School.
This area is home to many world-class healthcare like Yashwantrao Chavan Memorial Hospital, Niramaya Hospital, and Aditya Birla Memorial Hospital. The entertainment quotient is always high, with few malls and markets, including City One Mall, RadhaKrihsna Complex, Central Mall, and Pheonix Market City.
Conclusion
On the end note, almost every location in Pune seems ideal for investors, be it the social infrastructure or civic, Pune is the best place to live or invest in. And with the benefits as mentioned in the blog above, Pharande Spaces is one of Pune’s well-known real estate developers.
They provide exclusive residential projects spread across Pune, which are one-of-a-kind. For investors who believe in long-term investment, these projects must just fit right!
