Why Kharadi is an upcoming commercial centre in Pune

In the expanding city of Pune, Kharadi is amongst the new areas involved in extending the cityscape. It exceeds most other areas in its quality of infrastructure, available facilities and overall connectivity. The well-established presence of Indian corporate giants in Kharadi, like Tata Communications, Zensar, Reliance and Wipro to name a few along with MNC’s like Allscripts, Allianz, Citi, Tieto, Barclays etc has in turn caught the attention of Pune’s builders. This combination of interest in the area is now actively making it one of the most desired locations to live and work in Pune.

These are some reasons Kharadi is on its way to being Pune’s next Commercial Centre:

A vibrant IT hub:

Kharadi is home to a live and operational, 4 million sq.ft. Special Economic Zone (SEZ) for IT and ITeS firms, called the EON Free Zone. The EON SEZ, World Trade Centre’s (WTC 1, 2, 3 & 4) and MIDC Knowledge Park have put Kharadi firmly on the map of Pune’s IT industry. Along with these IT Parks a number of IT and Non-IT commercial buildings are mushrooming in and around Kharadi, catering to the demand for commercial property. Its proximity to other booming IT hubs like Magarpatta, Viman Nagar and Yerwada also make Kharadi a great place to invest.

Infrastructure and connectivity:

As the area constantly develops, it is gradually being equipped with a better, wider road network and a more reliable public transport system. Situated only a 10-minute drive away from Pune’s Lohegaon International Airport and 15 minutes away from the Pune Railway Station, Kharadi is easy to reach and an upcoming space for prime real estate.

There are reputed educational institutions in Kharadi, like the Nirmala Convent School and Victorious Kidss Educares, which is an IB World School. State-of-the-art hospitals like the Columbia Asia Hospital and Bharti Hospital also serve the residents of this area. Financial institutions should be included too, as there’s no lack of Bank branches and ATMs in the area either.

A cosmopolitan social climate:

With ever increasing employment opportunities being created in Kharadi, the locality attracts the country’s best professional talent. The young and modern workforce bring with them a more global way of life, with increasing disposable incomes and an affinity for balancing work and fun. Kharadi caters well to this phenomenon, while being in the vicinity of top of the line restaurants, entertainment venues and hotels like the Hyatt, Novotel and Radisson Blu along with Pune’s largest shopping mall’s like Phoenix Market City and Seasons Mall.

Guaranteed return on investment:

Being in a primary suburb of Pune, with a distinct industrial advantage, property in Kharadi holds the promise of appreciating value. In the last five years alone property in the area has seen an approximate 20% rise in return on investment (ROI) rates. Its strategic location, coupled with the influx of working professionals and young families make Kharadi a safe bet for real estate investors.

Residential development projects catering to the diverse needs of the market, complemented by commercial, educational, financial and retail establishments don’t leave the inhabitants of the community wanting for much else. A few more years of growth, and Kharadi is bound to secure the status it has founded as an ‘in-demand’ locality!

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