Why choose Hadapsar as your next real estate investment option?

One of the most popular and rapidly growing suburbs of Pune, Hadapsar, located in the eastern part of Pune is emerging as Pune’s latest hotspot. A well-developed locality, it offers residents the complete living experience as it is filled with residential complexes, and commercial hubs and boasts of excellent network and connectivity. The combination of its strategic location, developed infrastructure facilities and prospective development projects makes it any potential buyer’s top choice. Let's explore what makes this place an attractive residential location and what should one look out for.

Hadapsar is located close to IT parks Magarpatta and EON making it a highly lucrative area for professionals who work in the technology sector. The growing emergence and importance of roles in the technology field have led to the growth of businesses setting up their offices in these IT parks attracting talent from all over India. In order to accommodate the growing needs of this group, the demand for homes in Hadapsar has grown by leaps and bounds.

Social and work life

Living in Hadapsar assures locals of a highly comfortable life, filled with all essential amenities and luxuries available at a stone’s throw. Hadapsar is one of the upscale localities in East Pune, and is a prime location that boasts top schools and colleges, brimming with avenues for entertainment and recreational activities alike. Billabong High International & Wisdom World are popular schools, with further studies offered by Poona District Education Association’s Law College, and VAGA College of Management among others.

The highly popular, Cybercity Magarpatta - a city within a city; comprises schools, malls, and residences. For young professionals, the locality is a hub of IT jobs and opportunities. Supplemented by well-developed infrastructure facilities, this locality is a cosy and comfortable option for young adults, while also having excellent healthcare offered by Noble Hospital and Sahyadri Super Specialty Hospital.

Entertainment and relaxation

One of the emerging entertainment hotspots in Hadapsar is the Butterfly Trampoline Park. A go-to spot for an activity-filled day, residents of all ages can enjoy evenings of bouncing across trampolines, fun for outings or birthdays alike! The park also has a cafe which takes care of the hunger pangs post your activities.

Other popular entertainment options include shopping malls - Seasons & Amanora which are heavily flocked by locals as a one-stop shop for their shopping needs. Kids and adults alike enjoy energetic entertainment hubs like Carnimax, Timezone, Amoeba and Kiddington that are bound to guarantee a fun time!

Connectivity

Hadapsar is well connected to popular neighbouring localities such as Kalyani Nagar, Koregaon Park and it is fairly easy to reach pivotal transit hubs like Pune Railway Station, Hadapsar Railway Station, Lohegaon Airport, Hadapsar Gadital Bus Stand.

The proximity of the Hadapsar Annexe region to the Pune-Solapur Highway and Pune-Ahmednagar Highway makes it a highly sought-after location as it opens up a network of travel options for commuters. Residents of Solapur and Ahmednagar now find it extremely convenient to travel to the Pune mainland for work and be back home to enjoy the weekends comfortably.

Intercity travel

Hadapsar offers a well-connected network for intercity travel. Its smooth roads are well maintained by the municipal authorities, enabling excellent connectivity. While the Pune Metro has 2 operational metro lines, the Purple Line and the Aqua Line, the development of a 3rd line with new corridors and extensions intends to offer connectivity to Katraj, Hadapsar, Kharadi and other popular locations for seamless inter-city travel.

Additionally, in order to ease out the transport scene in the city, the Pune Municipal Corporation has embarked upon projects such as road widening, which are set to mitigate the traffic woes for commuters travelling to the airports and railway stations.

Emergence of IT parks in Hadapsar

The demand for apartments is high due to the increasing number of IT and software companies in the area, leading to a rise in the number of young professionals seeking rental accommodation. Hadapsar serves as home to offices of key players of the IT and software industry, including TCS, Wipro and ITC, which makes it an attractive location for commercial property investments.

Property prices and trends

The future property appreciation trends in the region of Hadapsar Annexe indicate that prices have increased roughly 2.9% in the past 1 year, and overall 21.1% in the last 5 years. As compared to localities like Kharadi and Wagholi, the area has seen an average appreciation with the current market price being ₹8,900/sq.ft. As per data on 99 acres, localities like Amanora Park Town and Kumar Codename Lighthouse are some of the most popular options with prices of ₹14,850/sq.ft.

Properties popular among residents

Hadapsar offers a blend of properties and projects catering to all lifestyles. Residential projects that are developed and under development are available in the affordable, mid-segment and luxury housing segments, catering to the tastes of all segments of buyers.

Hadapsar Annexe features posh residencies such as the highly developed residential township, SP Kingstown.

The Joyville Hadapsar Annexe project under Shapoorji Pallonji Real Estate is a blend of aspirational and affordable housing. It provides 1, 2 and 3 BHK homes to middle-income homebuyers with abundant amenities and facilities for a comfortable lifestyle. Joyville Celestia brings a touch of affordability to opulent, luxury living. Its homes are modestly priced, starting at ₹68 lakh for a 2 BHK with amenities that cater to your holistic wellness needs. Meanwhile, for those who prefer the comfort and luxury that comes with living in sky-high residences, Joyville Sky-Luxe edition serves these eclectic needs through premium residential towers with duplexes and exclusive penthouses. Enjoy a life where your every unspoken need is taken care of through holistic health, leisure, and community amenities and facilities.

The popularity of these residences offering the plush lifestyle one dreams of is evident with phase 1 of Wildernest at SP Kingstown being sold out. Shapoorji Pallonji Real Estate is launching phase - Jewel of Kingstown, a new tower for the select few to experience luxury at its best. Spanning over 200 acres of land, it is all set to redefine urban living for Pune. With 800+ flats handed over from phase 1 of the project, the next phase has already witnessed an influx of bookings from excited residents. Both phases have aggregated 3,000+ bookings overall making it highly successful.

A growing hub for working professionals

Pune boasts of a highly skilled and educated workforce, with prominent colleges in the city producing excellent results every year. The emergence of tech parks has only fueled the growth opportunities for professionals who serve to boost the country’s growing economy. This growing urban population makes Hadapsar an ideal investment opportunity for long-term profitability, as with the continuous upskilling and employment growth, its residents have been facilitating economic growth for Pune as a whole.

Magarpatta city, Amanora Park Town and SP Infocity are some of the key SEZs in the area that attract a variety of globally renowned companies to set up their branches and offices, as they are equipped to handle their requirements, with ample skilled workforce and technological and infrastructural development.

Future of real estate investments in Hadapsar

Hadapsar as an area offers great prospects for development. With the entry of popular IT companies and educational institutions, this region will see demand from families and job seekers. Areas near prominent IT parks like SP Infocity and Magarpatta City have a higher potential for an increase in property demand as students and professionals alike seek residence in such areas. Rental rates in Hadapsar depend on the property type, size and location however approximate figures denote that 1 BHK homes cost around ₹15,000 - ₹20,000 per month in rent, 2 BHK homes cost around ₹24,000 - ₹30,000 per month in rent and 3 BHK and larger homes start around ₹30,000 - ₹40,000 depending on amenities and location.

This being said, the most popular localities for residents are Magarpatta City, Amanora Park Town and SP Infocity as they provide excellent connectivity to workplaces and general amenities alike.

With the government embarking on developmental projects like Pune Ring Road, which intends to connect MSRDC’s outer circular ring road at Solu village, it aims to ease the woes of traffic congestion in Pune’s core areas.

The Pune Municipal Corporation, under the aegis of the Pradhan Mantri Awas Yojana (PMAY) intends to offer affordable housing to families with an annual income of less than 6 lakh. Their first phase has seen the successful construction of 2,658 homes across Hadapsar, Kharadi and Wadgaon.

For those looking to invest in property that shows trends of future appreciation and is set in a highly flourishing locality, Hadapsar is a prime location for real estate investment opportunities. A strategically located property, Joyville Hadapsar Annexe offers 60+ amenities with a 35,000+ sq ft. clubhouse, miniclubs and a walking boulevard. One can choose a home as per the typology of their requirement from 1, 2 and 3 BHK homes. Schools, colleges, malls, entertainment options and hospitals are conveniently located with easy connectivity in and around Pune, like railway stations, international airports andthe Hadapsar flyover, making transport accessible.