By Rahul Talele, Group CEO, Kolte- Patil Developers Limited
The residential real estate market is expanding at an exponential rate, with an M-o-M surge in growth following the pandemic, and the market is seeing a substantial increase in residential spaces beyond the core city to feel the essence of being closer to nature. Home registrations and sales have increased significantly in cities such as Mumbai, Pune, Bengaluru, and Delhi. Property sales registration increased by 20% year on year (y-o-y) in August 2022, followed by a 47% increase in state revenues. Furthermore, places such as Pune have pioneered real estate boom, outpacing the region’s general residential growth. As a result, Pune’s micro-markets such as Kiwale, Punawale, Undri, Talegaon, Chakan, and Ravet are emerging as new age property buyers’ preferred destination in the region.
While Punawale, Talegaon, Chakan are witnessing a surge in demand for residential spaces, it is Kiwale Mamurdi Road that is enabling developers in offering bespoke residential spaces that cater to home buyer’s diverse demands. From tailor made 1,2 & 3 BHKs to smart society infrastructure, projects in Kiwale Mamurdi road have truly managed to entice a diverse range of home buyers. IT professionals, Engineers, and NRIs have made Kiwale their preferred choice for apartments and plotted developments. Seamless connectivity , social infrastructure, bespokes spaces with competitive pricing has made Kiwale as one of the most sought out destination for home buyers of Pune.
Seamless Connectivity Driving Market Growth:
Strategically located on the entry point of Pune, Kiwale acts as a junction for Bengaluru, Nashik, Mumbai, Solapur, Ahmednagar etc. via the upcoming ring road that is mere 5 minutes away. Pune-Bangalore Highway is a significant factor for its appeal among realtors and home buyers. Surrounded by Ravet, Hinejwadi Baner, Balewadi, and Wakad, Kiwale Mamurdi Road is the top most choice for working professionals near Pune’s key IT hubs are Baner, Hinjewadi, and Wakad. Kiwale is also well linked to Mukai Chowk, also known as Kiwale Bus Terminus, which allows one to connect with the rest of Pune. Nearby regions also comprise of well-known school and college names like as DY Patil, JSPM, Indira College, and Symbiosis, making it an appealing location for kids to commute to school on a daily basis. Similarly, since the area is under PCMC on the outskirts of Pune, it faces less traffic when compared to the core city and also has wider road to make commute more comfortable. It is also uniquely positioned at the junction of the former NH4 Highway, Katraj-Dehu Road, and the Mumbai-Pune Expressway. Because of this, Kiwale provides seamless access to some of the most important cities in the country. Chinchwad Railway Station is 9 kilometers away through the Aundh-Ravet BRTS Road and the WalhekarWadi Road. It connects to Pune International Airport, which is 29 kilometers distant, by NH48.
The Wellness Experience:
With bespoke residences in diverse configuration, the residential properties in Kiwale Mamurdi road are tailored to suit the demand and the desires of the home buyers. Moreover, the location offers a unique nature driven experience since it is surrounded by lush greenery and vacation spots such as Lonavala are just 30 to 45 mins away. With that, the social infrastructure in the area has enabled a zero kilometer approach where necessary equipment, commodities, food supplies are just 300 to 400 meters away. Moreover, Kiwale has evolved enormously as a residential district, with IT and banking industries emerging in the nearby regions. New malls and social infrastructure have made the space even more family friendly, and it is also a popular hangout for many office goers.
As Maharashtra’s residential real estate market expands outside the metros and tier 1 cities of Mumbai and Pune, micro markets such as Kiwale are becoming increasingly popular residential real estate destinations for developers and home buyers alike. This contributes to the region’s collective growth by offering additional regional job opportunities and residential solutions that do not strain house buyers’ budgets.
Note: Views Expressed in the article are solely that of the author and do not represent the views that of SquareFeatIndia
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