Kharadi, Pune Emerging As Next It Hub Of The Country}

Submitted by: Shruthi Naidu

The locality of Kharadi in Pune which had been a nondescript village in times bygone has now emerged as the biggest contender for the position of the IT hub of the country. The locality has the Special Economic Zone which houses some of the biggest names in the IT and ITEs industries. The EON Free Zone has made a marked difference in the future of the area as more and more establishments and residential areas are cropping up to support the needs of the old and new settlers of the land.

Reasons Cited

The main reason that contributed to the growth of the area was, as mentioned before, the Special Economic zone called the EON Free Zone. The special economic zone has attracted national and global giants such as Barclays, Symantec, EATON Technologies, Polaris Software lab, Infobeans, TATA Communications, Vodafone India Services and Citigroup.

With the establishment of these industries, there has been a deluge of people who have come here to work with these companies. It should not be surprising to see the prices of land going up and the people to be still buying. It is a necessity and will not be denied at any cost.If you start counting the reasons to invest in the zone of Kharadi, you will be surprised to find so many options available near hand. At the present scenario, this place can be defined as the best place in the zone of appreciation race in the zone of real estate market zone.

Upcoming Hospitality Secto

As there is a need for permanent residences for the long term employees of the organizations, so there is a need to accommodate the visitors to the city and by that meaning the companies. It is not always possible for the companies to have guest houses to accommodate their guests and visitors. This gave rise to the need for hotels. The hotels are available to suit every budget and amenities suitable to all are also available. Prices of land around these areas have gone up as a result of this. There are restaurants and stores that cater to the people living in these localities.

Changing Price trends

The above reasons have changed the land prices to a great extent, where they had been Rs.4900 per square foot, in the duration of October to December, for buying a property, the price has spruced up to Rs.5200 per square foot, on average from January till date. The change has been a startling 6.1% growth, according to a reliable property dealers website. Similarly, there has been a growth of 1.9% in the prices of a 3BHK rental property, from Rs.15600 in October to December, to Rs.15900 from January till date, from the same source. This clearly signifies the surge in the demand of the properties in these areas.

Highly positive growth outlook

The simple statistical data analysis has clearly stated the upward move of the Kharadi localitys real estate prices and with good reason. The land is surrounded by beautiful hills and with the largely untouched lands in the vicinity, it is cleaner and perfect place to live.

About the Author: Shruthi Naidu is a business journalist from South India.She closely follows the trends on Apartments in India and real estate industry.For knowing more about Kharadi properties visit

commonfloor.com/properties-for-sale-in-kharadi/cfri-51b98eeabc2aa

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Source:

isnare.com

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