Gahunje: An emerging property destination in the city of Pune

ST Correspondent
Tuesday, 24 April 2018

Pune: People looking to buy properties have a new emerging destination in Pune, Gahunje, which is well connected to the core city and Mumbai-Pune Expressway. 

Pune has always attracted people from all over India, as well as abroad. With robust infrastructure development, people often move to the city to earn a livelihood. Pune’s real estate market has benefited not only from its proximity to Mumbai but also from its own dynamic market drivers in the IT/ITeS, manufacturing and services industries. 

Pune: People looking to buy properties have a new emerging destination in Pune, Gahunje, which is well connected to the core city and Mumbai-Pune Expressway. 

Pune has always attracted people from all over India, as well as abroad. With robust infrastructure development, people often move to the city to earn a livelihood. Pune’s real estate market has benefited not only from its proximity to Mumbai but also from its own dynamic market drivers in the IT/ITeS, manufacturing and services industries. 

The tremendous construction activity coupled with price growth in rapidly saturating regions of the city has pushed spillover residential demand to more affordable areas like Gahunje, Keshavnagar, Mamurdi, Undri and Wagholi, which are seeing rapid infrastructure upgrades.

When it comes to buying a property, professionals in this area have diverse requirements in terms of apartments ranging from 1-BHK, 2-BHK, affordable to luxury housing. Affordable housing is now preferred and grabbing attention from both developers and buyers.

Peninsula Land, a leading corporate real estate developer, recently forayed into affordable housing segment. It launched its affordable luxury project, addressOne, spread across 50 acres.
Speaking about the project, Rajeev Piramal, Vice Chairman and Managing Director, Peninsula Land Limited, said, “Affordable housing is clearly the most vibrant opportunity for Indian real estate sector today, with ever-increasing demand emanating from this segment. Gahunje is best sought for investment purposes and is a preferred residential destination for professionals working in and around the region. We, at Peninsula Land, are firm believers in the ‘Housing for All’ mission, and have identified the scope for expanding this to ‘Luxury for All’ with the launch of addressOne in Gahunje.”
Gahunje has good connectivity with Aundh-Ravet BRTS road and NH 48. The nearest railway station from this popular region is Dehu Road railway station. 

Anuj Puri, Chairman, ANAROCK Property Consultants Private Limited, said, “Our initial strategic research reveals tremendous buyer interest for concept of affordably-priced ‘Luxury for All’. Thanks to infrastructure development, Gahunje has good potential for price appreciation over the next few years. Moreover, inherent demand for affordable homes comes not just from Pune but also Mumbai and other parts of Maharashtra.”

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