Monday, September 10, 2018

Real Estate Outlook for Baner Location - Agney Sugla

Overview

Baner is located in the western provinces of Pune under the governing body Pune Municipal Corporation(PMC). The locale is famous for hosting several business parks as well as lavish and ultra-modern residences. It is one of the highly developed areas of Pune, which lies in close vicinage to the iconic IT hub Hinjewadi. Baner is a best residential choice for the young and dynamic technical workforces from the adjoining areas.

The locality hosts the iconic Baner Hill and historical Tukai Mata Temple, built by Kavaji Kalamkar, the then ruler of Baner, around 17th century. The area has serene trait amidst extreme urbanization with all sorts of contemporary resources. Baner has got an enhanced infrastructural condition. With the proposed plan for enhancing power and water supply from the municipal corporation in the area, Baner is about to get best basic resources. Additionally, solid waste management has been top priority in the area, which has led to increased interest of the populace, for the locale.

Baner has a strategic presence. The area is encircled with superlative gateways Pune Bangalore Highway (NH-8), Mumbai Pune Expressway and Old Mumbai- Pune Highway. The future Outer Ring Road of Pune is planned to touch Baner, improving its connectivity. The area has an excellent connectivity to other prime areas Pune. The major landmarks close to Baner are Rajiv Gandhi Infotech Park, Hinjewadi- 11.5 Km, Balewadi Stadium- 3 Km, Pune University- 8.7 Km, Aundh- 6.3 Km. The railway station close to the area are Shivaji Nagar- 10 Km and Khadki- 11.5 Km. Baner has decent transportation system with plentiful PMT buses plying from CBD’s. The proposed metro route from Hinjewadi to Pune University junction will cross Baner Road easing out the commutation hassles for the residents.

Once an isolated suburb of Pune, Baner today hosts the finest lifestyle resources like prestigious educational institutes like The Orchid School, CM International School, Vindyanchal School etc.; hospitals like Lifeline Hospital, Jupiter Hospital, Gupte Hospital etc.; famous restaurants like Incognito, Post 91, Malaka Spice and special Baner Balewadi High Street etc. Moreover, the easy accessibility to the adjoining neighborhoods allows the residents of Baner to enjoy a vibrant social life.

On demand of the residential properties by prospect home buyers and predicting to advancement of Baner in future, several top-notch builders have structured their venture in this area. Constructional investors like Vilas Javdekar, Puranik Builders, Mittal Properties, VTP Group, Skylark Promoters, Sigma Realty etc are to name a few structuring residential opportunities at Baner. Generally, 2 BHK flats in Baner are on high demand. However, home buyers are also looking for other luxurious varieties like 3 BHK and 4 BHK apartments. The petite homes like 1 BHK apartments for sale in Baner are also in buyer’s priority list. Though the property rates in Baner is gradually witnessing inflation, yet it is one of the top residential choices in Pune.

Homes in the neighboring areas of Baner are also on high demand. The important neighborhoods of Baner are Pashan, Sus Road, Hinjewadi, Pimple Saudagar, Wakad, Rahatani, Balewadi, Bavdhan and Aundh. Apartments in Balewadi, Bavdhan, Wakad, Hinjewadi, Aundh, Pimple Saudagar are amongst the beneficiaries of major buyers’ footfall. The key factor which influences Baner’s growth is its easy accessibility to the upscale work locations, especially Hinjewadi. The infrastructural supremacy, pleasant ambiance, best social resources and easy connectivity of this locality makes it one of the favored residential localities in Pune.

Hot projects in Baner
· Aldea Espanola

· VTP Solitaire

· Portia

Future Growth Insights
Considering the demand of 1, 2, and 3 BHK apartments for sale in Baner, the area is getting major rise in the number of residential constructions. The popular builders developing their residential ventures with all sorts of modern amenities and cutting- edge planning. The proposed Outer Ring Road and upcoming Metro Rail connectivity is about to offer major facelift for Baner. 

Baner has witnessed steep appreciation in terms of investment returns and it is still benefitting tremendously from enhancing factors such as good infrastructure, tranquil environment, known connectivity and of course the proximity to prosperous IT hub in Hinjewadi. 

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