Located to the east of the Dehu-Katraj Bypass in Pune, Baner has witnessed extensive real estate activities recently. It is one of the rapidly growing localities of the city, which has single handedly transformed itself into a hotbed of business activities. Having witnessed residential demands because of expanding IT and education sectors, Baner is the next hub for property growth in Pune. |
Baner property market has evolved because of the developing Knowledge Corridor, extending from Hinjewadi to Navi Mumbai. The Knowledge Corridor initiative has led to development of the six-lane, dual-carriage Pune-Mumbai expressway and is vitalized with optic fiber cable links, thereby linking it to the important IT parks of Mumbai and Pune.
Baner is located close to Hinjewadi, which is believed to be the IT hub of the city. Here are some of the other location advantages offered by Baner -
• Smooth connectivity to Mumbai via Mumbai-Pune Expressway. • Proximity to areas like Aundh, Shivajinagar, Law College Road and University Road. • Good connectivity via Mumbai-Bengaluru highway and Mumbai-Bengaluru highway. Let’s take a look at some of the promising residential projects across Baner.
Privie Sanctum is the new address by Kumar Properties and Govind Nimhan for the ultra-premium residential property in Baner, Pune. Offering skillfully designed 3 BHK and 4 BHK residential units, the project is a gated community one, with a well-knitted neighborhood and big open spaces. This is an ultramodern housing project, offering homes in the size range of 2850 - 3995 Sq. Ft., and are available in the price bracket of Rs. 4.30 - 6 crore. The project sprawls across 4 acres and has 70% of open spaces.
Pride Purple Park Grandeur
Prestigious and renowned builder Pride Purple Group has come up with its premium residential project named Pride Purple Park Grandeur in Baner, Pune. The project offers luxurious 3 - 6 BHK apartments and independent houses/villas, which will be spread across an area of 2205 – 5180 sq. ft. These properties are available at a starting price of Rs. 3.20 crore. Pride Purple Park Grandeur has three residential towers, and has 92 units available on sale. Pride Purple Park Grandeur spreads across 5 acres of land with ample open spaces.
Shantanu Mazumder, Branch head, Pune, Knight Frank, suggests that because of its proximity to Hinjewadi where all major IT players are operating, it is resulting into huge employment opportunity not just for IT professionals but also for support services that are linked. Furthermore, due to the proximity to manufacturing hubs on the Mumbai - Pune Highway or the Pune - Bangalore Highway, a big number of investors from Mumbai are buying in these locations, resulting in booming property demands in Baner.
Talking about the capital value appreciation, Baner has already witnessed a historical appreciation of 20-25% lately. Baner has also witnessed some great number of inquiries from NRIs having their base in Pune. It will be interesting to watch how the upcoming new projects contribute in the growth of the locality.
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