10 Locality Trends of South Pune’s Most Aspired Gated Community, Kolte-Patil Three Jewels at Katraj-Kondhawa Road, Pune
When life seems to have halted during the lockdown, it was rather a medium of revelation for people to view their lives from a wider lens. This new perception has encouraged people to pursue things they would otherwise dilly-dally.
Mrs Khandekar always wanted to start her small business, with a vision to expand her venture throughout. Now that her family is nestled in with quarantine, she has decided to shift base from a congested city to a more cordial place. This way she has ample space and opportunities to scale it further. Once the decision is cemented, the next step is to finalise a location that can be an anchor to her dreams. This is where the family went divided – the husband needs a calm space to work and relax, college kids need a happening vibe, and she needs a conducive infrastructure for her business.
While Mumbai and Bangalore are considered the base capital for entrepreneurs, the competitive demand and inflated property value swallow small enterprises. But thanks to the digital forum, people can not only venture into the different stratospheres but also from the comfort of their homes. The “Silicon Valley” and “Business District” illusions have dispersed as more urban and small-town entrepreneurs are preferred by VCs owing to the lesser capital funding of start-ups.
While the blueprint of her vision is set, Mrs Khandekar needs an ecosystem that can materialise her plans successfully.
To help her decision, we have curated a wholesome locale that can fulfil the family needs, is cost-effective and is projected to observe high property valuation.
Pune has long moved away from the shadow of Mumbai and formed its own identity by offering more than just an alternative– an infrastructure that allows quick accessibility, great connectivity within the city and a burgeoning commercial sector, leading to a high demand for 1, 2 and 2.5 BHK in Pune. It is also among the top 5 cities in India for FDI.
PCMC sector and North Pune have been established as the first modern integrated spaces for commercial zones. Meanwhile, South Pune offers an amalgam of lifestyle that captures the essence of Pune. The main difference between North and South Pune is the ecosystem they offer- Northern Pune is an industrial area where the infrastructure is designed corresponding to a fast-paced environment, with dedicated areas for commercial zones and structured adjoining sections for residential zones.
On the other hand, South Pune is a haven for greenfield projects. Owing to the abounding spaces, soon these areas were a gold mine for real estate developers. However, unlike PCMC areas, this precinct was strategized to provide a contrast to the industrial terrain. From a tranquil green landscape to a cosmopolitan habitat, South Pune is a wholesome reserve that has retained the cultural heritage of Pune.
But does South Pune have the potential to host an all-encompassing ecosystem?
South Pune is primarily a residential community, which is why several business ventures can be found in these areas owing to wide consumer demography – providing a suitable sample size for calculating TAM-SAM-SOM (total addressable-serviceable available-serviceable obtainable market) for any startup.
The other facet is the impeccable connectivity with the rest of the city– road, airport and railways are all located in proximity to the area included within. Moreover, the proposed infrastructures have only added to the property value of the area. Top-tier educational institutes and well-equipped healthcare facilities are incorporated in these areas.
Lastly, the scenery in and around South Pune is an invaluable asset of this estate that is simply “nature’s special offer!”
To narrow down the search for an aspiring Mrs Khandekar, we have curated the benefits of a locale that is best suited for families and businesses alike:
Presenting ten locality advantages of an emerging suburb of Katraj-Kondhwa Road:
Katraj-Kondhwa Road offers direct access to the Pune International airport within just 45mins to an hour, (depending on the residential project). This is a key factor for mid-segment and luxurious projects as people consider such accessibility as a high extrinsic value of the property. Consequently, increasing the demand for 1BHK and2 BHK Katraj Kondhwa Road.
Recreate the magical journey of childhood with Pune Railways, with the convenience of swift access from Katraj-Kondhwa in under 30 mins! Pune is a sweet junction for Southbound trains from Mumbai, Gujarat, Madhya Pradesh and Northbound trains from Goa and Karnataka, allowing feasible travel plans throughout the country.
The development of physical infrastructure in South Pune is the driving force of the real estate market. Investors believe that appreciation of property is directly proportional to connectivity.
~ Pune Satara Road– (part of NH-48) starts from Swargate and connects to the suburb of Katraj among many others in South Pune, till Satara further stretching to Bengaluru.
~Pune Solapur Road– (part of NH-65) this is an indirect link to Katraj-Kondhwa Road from Hadapsar which is just a 34-minute trip.
(Local info: Pune Race Course in Pune Camp is located along this road)
~Katraj Bypass Road– this bypass road interlinks Pune-Satara and Pune-Saswad Road. Starting from Katraj, this road connects to adjoining suburbs of Undri, Handewadi up to Manterwadi. The Dehu road-Katraj Bypass connects Mumbai-Pune Road and Pune-Satara Road.
~Inter-suburb roads– NIBM Road, Gangadham-Shatrunjay Road, Bibwewadi-Kondhwa Road, Kondhwa Road are the major road networks inter-connecting South Pune and to the nearing employment hubs in Pimpri-Chinchwad and North Pune
This impeccable connectivity is a primary reason why Punekars prefer 2 BHK and 1 BHK flat in Katraj Kondhwa Road.
Best of Katraj
As mentioned previously, South Pune is rich in heritage that illustrates its history of valour and conquers. Shaniwar Wada and Aga Khan Palace are such prominent historical landmarks located in Katraj.
The new Iskcon Temple is the highlight of Katraj, adding to this calming atmosphere.flats near Iskcon Temple Katraj are favourite among homebuyers for the sheer divinity of the location.
Pune-Okayama Friendship Garden, Saras Baug, and Rajiv Gandhi Zoological Park are the soothing spots for a hectic life. Raja Dinkar Kelkar Museum is another insight into the legacy of Pune City.
Best of Kondhwa
From Kondhwa, one can plan several weekend trips and nature retreats to places such as Ghoravadeshwar, Rajmachi Point, Bhushi Dam, Thoseghar Waterfall, The Dukes Retreat, The Machan -a Treehouse Resort. The Kondhwa Hills offer a memorable trekking and hiking experience.
South Pune Enclave
The reason why the business community prefers this umbrella locale is due to the collaborative and interactive nature of suburbs such as– Bibwewadi, Ambegaon Budruk, Dhankawadi, Mohammed Wadi, Undri, Wanowrie among many others. For the B2C and service ventures, such areas are better than IT-dominant locales.
Since this locale is primarily a residential zone, quality fundamental services are incorporated in the vicinity to suffice the needs of the residents.
Apart from the schools mentioned in the infographics, top-tier institutes such as Bharti Vidyapeeth College (Engineering, Medical), Sinhgad Academy of Engineering, NIBM Institute,
Vishwakarma Institute of Technology & Management, Pune Institute of Computer Technology, Trinity College of Engineering are based in and around this locale. Such arrangement is an incentive for the rising demand for 1 & 2 BHK flats in Katraj Pune.
If anything, the pandemic has necessitated a robust healthcare structure around residential complex. Katraj-Kondhwa boasts prominent hospitals such as Inamdar Multispeciality Hospital, Bharati Hospital, Pawar Hospital, Satyanand Hospital, Lifeline Hospital, Sahyadri Hospital among many others.
Apart from these, there are independent specialty clinics for every need at convenient distances.
Moreover, since South Pune presents a lower cost of living, the healthcare expenses are very much manageable. Which is why theseflats in Katraj are preferred over other 1 & 2BHK in Pune.
All the major IT, Tech and Business parks are located either on the peripherals or at short distances from Katraj-Kondhwa Road. The main advantage of this is that there is lesser traffic congestion as compared to other industrial locales. Mostly, young professionals prefer renting the 1BHK and 2 BHK flat in Katraj Kondhwa Road for hassle-free & speedy commute.
Because of which, this area observes a steady rent structure.
The most prominent commercial sectors around this area are:
- Magarpatta Cybercity IT Park
- SP Infocity IT Park
- ICC Tech Park
- Cerebrum IT Park
- Giga Space Tech Park
- Kalyani Nagar
- IT Park Ground Thite Nagar, Kharadi.
Market Yard is the ultimate commercial spot for the wholesale market of grains, groceries, and other commodities. People from all over Pune visit this place for the best deals. Katraj-Kondhwa Road is known for this market as well.
There are many other such local markets that offer the authentic Marathi essence of Pune. Some of the famous shopping centres around include–
- Mandot Shopping Mall
- PVR: Kumar Pacific Mall
- Cru Malls
- Clover Hills Plaza
Katraj-Kondhwa Road offers a lifestyle that can assimilate various aspects without demanding strenuous city life or insurmountable expenses of metros. For people like Mrs Khandekar who dare to dream slightly away from the norm, this locale presents resources with ample room for expansion. Since this area is still fairly unknown, investing at such a stage would prove quite fruitful in the upcoming years.
The Moonstone by Kolte Patil Three Jewels is one of the sought-after projects in Katraj-Kondhwa Road that offer 2 & 2.5 RLK flats in Pune.
As an encouragement to many such aspiring dreams that are looking for a conducive humble abode, Kolte Patil Offers a precious plan for Moonstone buyers– a 50:50 plan where you pay half the amount at the time of booking and the rest half after the possession of the flat.
Three Jewels (The project Three Jewels has been registered via MahaRERA registration number P52100006160)
Q1: What is the average property value per sq. ft at Katraj Kondhwa Road?
A: The price range in this area is around Rs.₹3800-7000 with avg price at 5500 per sqft
Q2: Has the area of Katraj Kondhwa observed any price appreciation?
A: Katraj Kondhwa Road is a fast-growing locale that observed an appreciation of +9.94 YoY on average price as recorded in 2022. (Source: Housing.com)
Q3: Is South Pune a secluded area?
A: On the contrary, South Pune is bustling with the essence of the authentic Pune city. You will find a wide demographic ranging from locals to business community and defence personnel. Apart from the modern facilities, one gets to enjoy the bygone years before technology. Its connectivity and overall vibe liven up this locale.
Q4: How far is Kolte Patil Three Jewels from the main road?
A: Every main facility and service is located at around a distance of 5 minutes and above. The Katraj-Kondhwa flyover is just 14 mins away from the complex.
Q5: Is Moonstone Three Jewels a credible project?
A: This project is RERA certified with the RERA number mentioned above. You can verify these numbers on the MAHA-RERA website to check the credibility, get more insight and current updates of the project. Kolte Patil is an entrusted name in Pune owing to their assortment of projects. Check out their website to know more.
Q6: Is the special offer available at any time I book a Three Jewels apartment?
A: The special 50:50 offer is available for a limited time only. With the success of phase 1, many homebuyers are banking on phase 2 as well.