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Commercial Properties Under 5 Crore for sale in Next Baner Mahalunge Road Mahalunge, Mahalunge, Pune
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About Properties In Next Baner Mahalunge Road, Mahalunge, Pune for Sale
Overview of Mahalunge
- Mahalunge is a mid-segment locality situated in the Northwestern outskirts of .
- The locality of Mahalunge is located in the Mulshi Taluka in the Metropolitan Region. It comes under the Municipal Corporation (PMC).
- Laxman Nagar, Hinjewadi, Baner, Balewadi, Patil Nagar, Wakad, and Blue Ridge town are the localities in the neighbourhood of Mahalunge.
- Mahalunge is an attractive locality due to its proximity to some of the prominent commercial zones in the city.
- The locality is surrounded by the Mula River on its northern side and the Mumbai highway on the eastern side.
- The Pincode of Mahalunge is 416811.
Mahalunge Residential Market Insights
- The average property price in Mahalunge ranges from ₹ 8,000 to ₹ 10,000 per sq. ft.
- The average price of a 1 BHK apartment in Mahalunge ranges from ₹45 lakh to ₹60 lakh.
- The average price of a 2 BHK apartment in Mahalunge ranges from ₹ 72 lakh to ₹ 90 lakh.
- The average price of a 3 BHK apartment in Mahalunge ranges from ₹95 lakh to ₹1.5 crore.
- The average price of a 4 BHK apartment in Mahalunge ranges from ₹1.8 crore to ₹3.3 crore or more.
- The average rental price in Mahalunge ranges from ₹ 18,000 to ₹ 38,000 monthly or more.
- The average price of land plots in Mahalunge ranges from ₹ 60 lakh to ₹ 4.5 crore.
- The presence of IT corridors and a good transportation network has increased rental demand in Mahalunge.
- Proximity to Hinjewadi IT Park drives rental demand from working professionals.
- Mahalunge mainly offers affordable to mid-segment residential properties.
- Prices of properties may vary based on certain factors such as apartment configuration, exact carpet area, location, scenic advantages, etc.
- These properties are available in both ready-to-move and under construction conditions.
- Several reputed builders and developers have a presence in Mahalunge.
Connectivity and Transport In Mahalunge
- The Wakad Metro Station is the nearest metro link to Mahalunge. This metro station is hardly 3 km from the locality.
- The metro expansions are proving beneficial for Mahalunge, allowing seamless public transportation.
- Vadgaon, Lonavala, Talegaon, and Kamshet are the nearest railway stations to Mahalunge. These stations are close to Mahalunge, offering good connectivity to the locality.
- Moreover, the Junction railway station is just 14 km from the locality. It acts as a prime connection point for Mahalunge.
- Baner Road, Mumbai Highway (NH48), Mahalunge-Balewadi Road, Mumbai-Expressway-Bangalore Highway are the key highways close to Mahalunge. These arterial roads connect the locality to prominent parts of major cities like and Mumbai.
- The International Airport is 21 km from Mahalunge. It can be easily accessed within 30-45 minutes through the Aundh-Airport road.
- The prime city of Mumbai is around 4 hours from the locality. Travelling to Mumbai is seamless through the Mumbai-Expressway.
- The PMPL Bus network is a source of public transportation in the locality. These buses allow convenient travel within the city.
Social Infrastructure In Mahalunge
- Mahalunge has become a hotspot for real estate due to its strategic location. It is close to IT hubs and offers rapidly developing infrastructure and robust urbanisation.
- Mahalunge is home to reputed educational institutions such as Blue Ridge Public School, MIS International School, Shradhey Public School, VIBGYOR High School, Educon International School, Wisdom International School, Shri Gurukul International School, Genba Sopanrao Moze College of Engineering, Dnyansagar Arts & Commerce College, New English School & Junior College, APJ College of Science and Commerce, etc.
- Renowned health centres such as Sanjeevani Hospital, Ruby Hall Clinic, Manipal Hospital, SunMed Hospital, and Lotus Multi-Speciality Hospital are easily accessible from Mahalunge.
- Mahalunge is close to the Phoenix Millennium Mall, Phoenix Marketcity Mall, and Xion Mall.
Employment Opportunities In Mahalunge
- Mahalunge is famous for its proximity to major IT zones, business parks, and commercial areas in the city of . This has increased the demand for the locality in the real estate market since professionals and tech experts are seeking residence here.
- Mahalunge is close to Hinjewadi, Baner, and Wakad, which are prominent business hubs in the city of .
- Mahalunge is 11 km from the Rajiv Gandhi Information Technology Park in Hinjewadi. This IT Park is easily accessible through the NH48 and Hinjewadi-Wakad Road.
- Numerous biotech complexes, Corporate campuses, and business hubs have a presence in and near the locality.
- Infosys, Wipro, Cognizant, and Persistent Systems are some of the tech parks in Hinjewadi.
Lifestyle In Mahalunge
- Mahalunge is an ideal residential locality for professionals working in close commercial spaces like Hinjewadi, Baner, and Wakad.
- Mahalunge is a strategically located prime destination that offers excellent connectivity, a serene environment, and proximity to prominent employment areas of .
- Other than that, Mahalunge also promotes recreational activities. The popular Shree Shivchhatrapati Sports Complex is located here. This sports campus hosts sporting events, encouraging a sporty lifestyle.
- Mahalunge is developing in terms of luxury. A rise of luxurious hotels, premium restaurants, cafes, and recreational areas has been seen here.
Safety and Security In Mahalunge
- The locality of Mahalunge has several police stations close to it to serve the locality and take care of public safety.
- Mahalunge, being a rapidly urbanising locality, is well equipped with modern safety facilities such as CCTVs and intercoms in residential complexes.
- There are well-trained security guards appointed at independent residential complexes to monitor the activities in and around the area.
- Proper police patrolling is practiced here, especially in busy areas and at night.
- Mahalunge also follows proper traffic rules, and traffic regulation is done through signals and traffic police.
- Overall, the locality of Mahalunge is considered to be a secure locality to live in.
Development and Future Prospects In Mahalunge
- The upcoming Red metro line in the Metro network will run from Hinjewadi Phase 3 to Civil Court. This metro line will have a station at the Balewadi Stadium, which is very close to Mahalunge.
- The improved metro network along the Shivaji Nagar-Hinjewadi area is all set to boost public transportation in and around Mahalunge, making travel seamless for locals.
- This will also enable direct accessibility to prominent IT areas and commercial hubs near the locality, making travel seamless for the office goers.
- Mahalunge is all set to witness upcoming metro line extensions, ongoing infrastructural developments, improvement of connectivity, and a rise in commercial areas. Due to this, there is a promising potential for this locality to become the next hotspot in the real estate market in the near future.
Culture and Community in Mahalunge
- Mahalunge, being a part of follows the typical Puneri culture.
- The locality is home to some peaceful local temples such as the Kanifnath temple, Suryamukhi Ganesh Mandir, Suvarna Ganesh Temple, and more. These temples are a spiritual hub for the residents that bring them together as a community.
- Mahalunge, just like enjoys a vibrant street food culture. It offers a proper Maharastrian culinary cuisine.
- The popular Misal Paav and Vadapav are found on every street here and are a must-have.
Environmental factors in Mahalunge
- Mahalunge is a commercial-driven locality. But, even with its industrial personality, the locality still preserves its natural, serene environment.
- The locality is home to various lush green parks and open spaces. Being located on the outskirts of it is surrounded by mystic hills providing a scenic view to the residents and visitors.
- The Pashan Hill trail, Panchayat Hill, and Vetal Hill are some hiking trails close to Mahalunge. These spots are popular weekend getaway destinations where visitors come for trekking.
- Also, some well-known forts and trekking spots such as Sinhagad, Lohagad, and Andharban are accessible from the locality.
- Mahalunge is surrounded by the Mule River, offering a peaceful atmosphere due to a major water body being close to the locality.
Flat Configuration in Mahalunge
- Mahalunge offers a range of 1 BHK, 2 BHK, 3 BHK, and 4 BHK properties.
- These properties are available in both under construction and ready-to-move conditions.
- 2 BHK properties are in great demand in Mahalunge.
- Mahalunge mainly offers premium properties in the mid-budget segment. But it also has some flats available at affordable rates.
- Apart from that, other properties like independent floor apartments, villas, and land plots are also quite popular here.
Property Price Growth in Mahalunge
- Mahalunge has experienced consistent price growth of up to nearly 46% over the last five years.
- There has been a 31% property price appreciation over the last three years.
- The YOY property price growth in Mahalunge has been around 4%.
- Also, a rental yield of around 4% has been achieved due to an increased demand for rental properties.
- Due to rapid development and urbanisation, Mahalunge is expected to experience consistent price growth in the near future.
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