Pune – Being one of the prime residential locations of Maharashtra, it has seen drastic expansions of the suburb areas and outskirts. The constant demand for housing projects has caused the city to expand from all directions. Pune being a cultural hub and house to many IT companies, people have migrated to this city in large numbers. Mostly the migrated crowd and even the citizens of the city are targeting locations that are close to their work place, one such locality that is gaining lot of momentum in residential real estate is Baner. Recently, on the basis of a survey, this area has been tagged as the ‘queen of suburbs’ in Pune.
Looking for a flat in Baner? Find your dream from a range of high-end projects listed below:
Kumar Pinakin - Kumar Pinakin’s advantage is its brilliant location. Situated in Mohan Nagar near Baner, the area is developing rapidly due to its closeness to Hinjewadi IT Park and Mumbai-Bengaluru Highway. It connects easily to developed areas like Baner, Aundh and Pashan. Important landmarks like Subrata Roy Sahara Stadium, Balewadi Sports Complex and Symbiosis International University, along with numerous global IT and software companies, make it a precious location.
My World - My World at Baner with its warm setting, international lifestyle, and five star pampering is conceptualized to nurture a spirit of celebration everyday. Contemporary, yet classic. Global in attitude; yet personal in the details.
Urban Life Haven – A protect that is the epitome of modem life. These 1 & 2 BHK urban homes are located In the progressive area of Boner. Etaner Is the place that the cosmopolitan crowd of Pune calls home. Full of interesting places to spend your evening, with daily conveniences very close at hand and fantastic Infrastructure, Boner is the a happening hub for those with a fresh, current outlook towards life.
About Real Estate Development in Baner
Baner was once known for its agricultural development but rapid urbanization has transformed this area in such a way that now it is known for its real estate development. It is now one of the major residential and commercial hubs of Pune. Baner is located on the north-western side of Pune. Baner has become one of the most preferred destinations for a majority of homebuyers. The main driving factor of this locality is its strategic location. Baner is in proximity to Hinjewadi IT Park which is one of the major IT corridors of Pune. Major portions of Baner are occupied by IT industries. Most of the IT workforce prefers to invest in Baner’s real estate. The location is also well-connected to the prime locations of the city and boasts of some finest educational institutes, hospitals and malls. The location is also known as one of the posh residential areas of Pune as there are number of retail outlets, food joints and other such facilities present in close proximity.
Baner is also a known as the ‘Green Patch’ of Pune which happens to be a significant factor for the residential expansion. The area is surrounded by hillocks due to which the climatic condition in this area is a bit cooler than the main city. Aundh which is in proximity to Baner once witnessed a major boom in the realty sector. But this place has reached saturation and hence the realty focus has been shifted to Baner. The enhanced infrastructure has also played a major role in real estate growth.
Residential real estate scenario of Baner:
Since this locality has a number of positive aspects, many reputed builders in Pune are launching luxurious as well as affordable housing projects in Baner. Owning a home in Baner is now considered as a status symbol since it is one of the classiest localities to dwell in. 2 BHK in Baner is the most favored choice of the homebuyers. Most of the residents look for apartments in this locality. Apart from this option; villas and technologically-enabled homes are also high on demand in Baner. Well-known realty companies like Amit Enterprises, Rohan Builders, Paranjape Schemes, DSK Developers, Kumar Urban Development Limited, ABIL, Panchshil Realty and many others have launched some posh and exclusive residential projects in Baner.
Property rates in Baner:
Baner is now being recognized as a realty hotspot of Pune with a commendable price appreciation in recent times. The locality is considered to be the most lucrative real estate investment destination of Pune. Residential prices differ according to the property type and the amenities offered. In general the residential property rate in Baner ranges between Rs 6,000 and Rs 8,500 a sq ft (as on July 2013). Baner is a commercial zone as well therefore commercial space development is rampant in this area. Commercial property prices range from Rs. 6,800 to 10,000 in Baner (as on July 2013).
With the multifaceted growth in the real estate of Baner, the adjoining areas are also expected to grow by leaps and bounds in the coming years.