Professionals are keen to live here as big IT companies like Zensar, Tata Communi cation, Honeywell, Eclypsis, Synechron, Eaton, Mphasis (EDS), Wipro, Reliance and Softinfology Pvt Ltd are based here. “ Kharadi is poised to become the best suburb micro-market in Pune. There are a number of reasons for this.Firstly, it falls within the limits of the Pune Municipal Corporation (PMC). The road infrastructure is being developed to the full width as shown in the development plan for most of the roads. Additionally, land parcels in the area are, for the most part, reasonably large and this facilitates gated communities to be developed. Also since the area has no slums, the entire area is being developed fresh and this adds to the quality of the development of the micro-market.“
As Pune is already a well established IT destination, and has been giving the likes of Bengaluru and Hyderabad a tough competition. “The burgeoning IT industry in areas like Kharadi, are drawing massive amounts of information technology business into the city “ Even people who are working in Ranjangaon, an MIDC area which has big names such as LG, Whirlpool to name a few like to reside in Kharadi and commute to their workplace which would ensure that they are able to cut their travel time and spend more time with the families.
The presence of medical infrastructure and social infrastructure also attract the homebuyer to this location.The phenomenal growth of Kharadi today can be attributed to the upcoming five star hotels, an operational 4 million sq ft. IT SEZ known as EON, commercial as well as residential projects and its close proximity to the Pune airport (eight km) and railway station (nine km). The neighborhood of residential projects in Kharadi comprises areas like Magarpatta City, Hadapsar, Wagholi, Viman Nagar, Kalyani Nagar and Koregaon Park. The area is also popular for its unrestricted panoramic view from all sides and offers a nice blend of modernisation and a charming ambience.
Also, with the road infrastructure bringing the city closer and shortening the distances, this area is giving developers a chance to explore both commercial as well as residential opportunities. “Nagar Road-Viman Nagar-Kalyani Nagar-Kharadi-Yerwada belt is defined by a robust demand for commercial office space, underscoring the bullishness for residential developments there. Specific pockets in this belt have very notable developments that are great buys for homebuyers and very attractive investment propositions over the medium to long term.“
“Workplace hubs have also been cropping up all over the peripheral areas of Pune and Kharadi is notable example. The location is the focal points of new residential catchments, and while properties in these areas tend to be relatively more affordable, they tend to appreciate fast because they are driven by employment.“
“The area will witness tremendous growth as it has a lot of potential in terms of the future. The presence of multiple work opportunities, proximity to the airport, social infrastructure, and absence of slums are all factors that will only add to the value and appeal of this market“