Top 9 Locations to Buy a 3 BHK Apartment in Pune

Pune, also known as the “Oxford of the East,” is a thriving city with a fast-growing real estate market. With the city’s rapid development, many homebuyers are looking to invest in a 3 BHK apartment. A 3 BHK apartment is an ideal choice for families looking for a spacious and comfortable living space.

In this blog, we will explore the best locations to buy a 3 BHK apartment in Pune.

1. Hinjewadi, Pune

Hinjewadi is located in the western part of Pune and is known for its world-class IT parks. Hinjewadi Phase 2 is home to several multinational companies and is a popular destination for IT professionals. Hinjewadi is also well-connected to the city’s social infrastructure, making it an ideal location for families. The price range for a 3BHK apartment in Hinjewadi could range from approximately 75 lakhs to 1.25 crores Indian Rupees. However, please verify with the respective dealers for the exact prices. 

2. Wakad, Pune

Wakad is another popular location in Pune for home-buyers looking for a comfortable and convenient living space. It is located close to the Hinjewadi IT Park and offers excellent connectivity to other parts of the city. A 3 BHK apartment in Wakad is an excellent investment for those who seek a peaceful environment while enjoying the benefits of urban living. The price range for a 3BHK apartment in Wakad could range from approximately 86 lakhs to 1.3 crores Indian Rupees.

3. Aundh, Pune

Aundh is a fast-developing area in Pune that is well-connected to the city’s major IT hubs. It is known for its cosmopolitan culture, excellent social infrastructure, and high-end residential properties. The area offers a range of amenities, including schools, hospitals, and shopping centers. Residents have access to reputed educational institutions such as DAV Public School, City International School, and Orchid School, ensuring quality education options for children. Aundh is also home to notable healthcare facilities like Lifepoint Multispeciality Hospital and Medipoint Hospital, providing reliable medical services to the residents. Additionally, the neighborhood features shopping centers like Westend Mall and Reliance Smart, offering a variety of retail outlets and dining options. With its range of amenities, Aundh provides a comfortable and well-rounded living experience for its residents. The cost of a 3BHK apartment in Aundh could range from approximately 1.20 crores to 2.19 crores Indian Rupees. 

4. Baner, Pune

Baner is one of the fastest-growing suburbs of Pune, offering a perfect blend of urban and suburban living. It is a preferred choice for homebuyers due to its close proximity to the IT hub of Pune. A 3 BHK apartment in Baner offers easy access to the Mumbai-Pune Expressway, Hinjewadi IT Park, and other commercial areas.

Baner offers a range of amenities and a convenient living experience. The cost of a 3BHK apartment in Baner can range from approximately 1.11 crores to 1.49 crores Indian Rupees. The area features reputed schools, such as DAV Public School and Orchid School, well-equipped hospitals like Jupiter Hospital, and shopping centers like Westend Mall. Baner also benefits from good connectivity and proximity to major IT parks and commercial hubs. It is a desirable neighborhood with diverse amenities in Pune.

5. Kalyani Nagar, Pune

Kalyani Nagar is one of the most sought-after locations in Pune for its excellent connectivity and infrastructure. It is a prime location for homebuyers looking for a premium and comfortable lifestyle. A 3 BHK apartment in Kalyani Nagar offers a peaceful and serene environment, along with easy access to education, healthcare, and shopping hubs. St. Arnold’s Central School, Symbiosis International School, Columbia Asia Hospital, Ruby Hall Clinic, Phoenix Marketcity and Mariplex Mall are some of the reputed locations in the neighbourhood.  On average, the cost of a 3BHK apartment in Kalyani Nagar could range from approximately 1.5 crores to 2 crores Indian Rupees. However, please note that these are rough estimates, and the actual prices might be different.

6. Koregaon Park, Pune

Another premium locality in Pune, Koregaon Park is known for its greenery and peaceful surroundings. It is a popular destination for expats and high-net-worth individuals, as it is home to several international schools, luxury hotels, and restaurants. Koregaon Park in Pune offers a range of amenities, including renowned schools like The Bishop’s Co-Ed School and St. Felix High School, notable hospitals like Ruby Hall Clinic and Jehangir Hospital, and popular malls such as Nitesh Hub and Pune Central Mall. It is a desirable neighborhood with diverse amenities in Pune. Koregaon Park is also well-connected to the city’s IT hubs, making it an ideal location for those working in the tech industry. The cost of a 3BHK apartment in Koregaon Park could range from approximately 1.37 crores to 3 crores Indian Rupees.

7. Viman Nagar, Pune

Viman Nagar is a well-developed area located near Pune International Airport, making it an ideal location for frequent travelers. It is also close to Pune’s IT hub and offers easy access to schools, hospitals, and other amenities. It features popular shopping malls like Phoenix Marketcity and Inorbit Mall, renowned educational institutions such as Symbiosis International School, and well-equipped healthcare facilities including Sahyadri Super Speciality Hospital. The area also provides well-maintained parks, a vibrant food scene with numerous restaurants and cafés, and excellent connectivity to the Pune International Airport and major roads. A 3 BHK apartment in Viman Nagar offers a premium and comfortable lifestyle to its residents. The price range for a 3BHK apartment in Viman Nagar could range from approximately 1.26 crores to 2.25 crores Indian Rupees.

8. Kharadi, Pune

Kharadi is a rapidly developing area in Pune, located near the IT hub of the city. It offers excellent connectivity to other parts of the city and has excellent social infrastructure. A 3 BHK apartment in Kharadi is an excellent investment for homebuyers looking for a comfortable and convenient living space. The price range for a 3BHK apartment in Kharadi could range from approximately 1.05 crores to 2.25 crores Indian Rupees.

9. Kothrud, Pune

Kothrud is a well-established residential area in Pune that offers good connectivity to other parts of the city. It is known for its lush green surroundings and pleasant climate. Kothrud features, amenities including reputable schools like MIT Vishwashanti Gurukul and Abhinav Education Society’s English Medium School, renowned hospitals like Deenanath Mangeshkar Hospital and Sahyadri Hospital, and malls such as Pune Central Mall and Rahul Complex Mall. It is a desirable neighborhood with diverse amenities in Pune. The price range for a 3BHK apartment in Kothrud could range from approximately 1.50 crore to 2.50 crore Indian Rupees. 

Conclusion

Investing in a 3BHK apartment in Pune can be a prudent decision supported by compelling statistics.

Pune has witnessed consistent growth in the real estate sector, with property prices appreciating over the years. According to market reports, the city has seen a steady rise in property prices, averaging around 7-8% annually. The demand for larger residential units, such as 3BHKs, remains strong due to the influx of professionals and families seeking spacious and comfortable living spaces. Pune’s thriving IT industry, educational institutions, and infrastructure development contribute to the city’s overall appeal. Furthermore, Pune has been ranked among the top cities in India for real estate investment, offering favorable returns on investment and long-term capital appreciation. However, it is advisable to conduct thorough market research, analyze location-specific factors, and seek expert advice to make informed investment decisions.

References

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