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Commercial Properties Under 5 Crore for sale in Kavadewadi Koregaon Park, Koregaon Park, Pune
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About Properties In Kavadewadi, Koregaon Park, Pune for Sale
Overview of Koregaon Park
- Koregaon Park is one of the posh areas in Maharashtra.
- The area is urban and has a mix of retail and ultra-luxury residential complexes.
- It is nestled between the Mula Mutha River and Yerawada and is connected via the South & North Main Road.
- Proximity to Aundh IT Park and Rajiv Gandhi Infotech Park drives its real estate demand.
- Koregaon Park has the PIN code 411001.
- Residential locations such as Pan Card Club Road, a high-end residential locality, surround Koregaon Park.
- It is closer to Kothrud, a large IT hub with rising demand for rental homes.
Residential Market Insights of Koregaon Park
- The average price of residential properties in Koregaon Park starts from ₹17,110/sq. ft.
- The average price of a 1 BHK apartment in Koregaon Park ranges from ₹ 60.78 L to ₹ 90.10 lakhs.
- The average price of a 2 BHK apartment in Koregaon Park ranges from around ₹ 1.25 crore to ₹ 2.49 crore.
- The average price of a 3 BHK apartment in Koregaon Park ranges from ₹ 2.26 crore to ₹ 5.9 crore.
- The average price of a 4 BHK apartment in Koregaon Park ranges from ₹ 5.59 crore to ₹ 15.10 crore.
- Koregaon Park is witnessing an increase in rental demand as it becomes a preferred choice for employees working at Google, Oracle, TCS, etc.
- The average monthly rental price in Koregaon Park ranges from ₹ 31,200 to ₹ 44,000.
The upcoming Metro Line 3 is a driving force behind Koregaon Park’s property price hikes.
Connectivity and Transport In Koregaon Park
- Well-connected through New Airport Road, Mumbai-Expressway Nagar Road, Ghorpadi Road, and NIBM Road.
- Symbiosis Road connects Koregaon Park to Viman Nagar, an upscale neighborhood with a mix of high-rise gated societies, luxury flats, and builder floors.
- University Flyover connects Koregaon Park to Aundh.
- Shivajinagar Metro Station is just 7 km via Sangamwadi Road.
- Bund Garden Road connects Koregaon Park to Railway Station, which is 4 km away.
- Reach the International Airport, located 6.2 km away, via the New Airport Road.
- Proximity to Hinjewadi and Aundh Tech Parks makes the area well-connected for working professionals.
- Access cabs, public transport, and intercity buses and trains that are easily available.
Social Infrastructure In Koregaon Park
- Reputed schools like Army Public School, Chetan Dattaji Gaikwad English Medium School, Modern English Medium High School, etc are accessible.
- Healthcare facilities like Kataria Hospital, Jehangir Hospital, Manipal Hospital, etc., are located within easy reach.
- Residents can access banks nearby, including IDFC, HDFC, and Bank of Maharashtra.
- Some popular eateries in the area include The Great Punjab, Reddy’s Restaurant, High Spirits Cafe, Cafe-the Voyage, etc.
- Supermarkets nearby include Dmart, Pride Supermarket, Nature’s Basket, and local grocery shops.
- Dorabjee Mall, Phoenix Market City, etc are a few of the fine dining and shopping options.
- Dr. Babasaheb Ambedkar College, Sri Chaitanya U College, etc., are some of the reputed colleges in Koregaon Park .
Employment Opportunities In Koregaon Park
- Aundh, Hinjewadi, Viman Nagar, Kothrud, etc., are major employment hubs in the vicinity.
- Industrial areas nearby include Kothrud, Pimpri-Chinchwad, Chakan, and Talegaon, which house many companies and warehouses.
- The area houses various renewable energy, logistics, hospitality, engineering, manufacturing, and IT companies.
Lifestyle In Koregaon Park
- Koregaon Park offers a peaceful and urban lifestyle to residents.
- The area offers a peaceful environment, closer to gardens and hills.
- The community in Koregaon Park sees long-term investors along with a new wave of corporate professionals.
- Pratikruti The Lakeview Resort, Sunderban Resort, Sunjeevani Yog Chikitsa Kendra and Osho International Meditation Resort are some of the best leisure experiences for residents.
- Cafes and quick bites nearby include Cafe-the Voyage, Lune Café and Patisserie, Third Wave Coffee, etc.
- You can access Bedekar Misal and Irani Cafe, along with a diverse set of cuisines, on FC Road.
- Ultra-luxurious hospitality facilities such as JW Marriott Conrad, The Westin, Radisson Blu, Octave Koregaon, etc., are in the vicinity.
- Koregaon presents diverse high-end dining, boutiques, salons, and nightlife options.
Safety and Security In Koregaon Park
- Regular police patrolling and vigilance of the residents ensure safety.
- CCTV cameras are placed and security guards are appointed in crowded and public areas, gated communities, and public transportation hubs.
- The area has well-lit streets, ensuring residents can navigate safely at any time.
- Police stations, healthcare facilities, and 24/7 pharmacies are quick to access.
Development and Future Prospects In Koregaon Park
- Being close to the Airport Road increases the property demand in this area.
- Koregaon has Kalyani Nagar Metro Station and Ramwadi Metro Station nearby, driving the metro-adjacent property’s prices.
The upcoming Metro Line 3 will significantly boost the property demand in the area.
Culture and Community in Koregaon Park
- Aga Khan Palace showcases historical significance.
- Empress Botanical Garden and Osho Garden are located in this area for a refreshing getaway.
- Balagandharv Rang Mandir displays diverse events and cultural programs.
- Enfield Arena and many other sports facilities are available in this area.
- Carnival Cinemas, Cinepolis, etc., provide entertainment options in the area.
- Osho Meditation Centre, Balaji Temple, Shree Tarkeshwar Mandir, and Shri Mruthyunjayeshwar Mandir are some of the spiritual/religious places in and around the area.
- Shaniwar Wada offers a cultural experience and exhibits historical importance.
Environmental factors in Koregaon Park
- The AQI is moderate in Koregaon Park, ensuring the residents’ well-being.
- The verdant landscape of Pashan Hill is a quick drive away for trekking.
- The proximity to Rajmata Jijau Garden, The Oval Garden, Bund Garden, etc., makes residents’ lives holistic.
Flat Configuration in Koregaon Park
- 1 BHK, 2 BHK, 3 BHK, and 4 BHK apartments dominate the real estate market in Koregaon Park.
- Premium builders offer spacious, furnished apartments and larger units in the luxury segment.
- Major developers present in the area include Ajmera Realty, Godrej Properties, and Adani Realty.
- Ready-to-move and under-construction options are available in 1 BHK, 2 BHK, 3 BHK, and 4 BHK configurations.
The area is near Viman Nagar, Pan Card Club Road, etc., renowned for upscale, high-rise luxury apartments and gated communities.
Property Price Growth in Koregaon Park
- The property price ranges at ₹ 17,110 per sq ft with a +6.7% YoY increase.
- Most buyers and investors opt to buy 1 BHK, 2 BHK, 3 BHK, and 4 BHK, depending on various preferences.
- The property prices have witnessed a 49.20% raise in the past 5 years.
- The area sees excellent growth due to its connectivity and nearby employment hubs