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Flats Under 50 Lakh for sale in Punawale, Pune
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About Properties In Punawale, Pune for Sale
Overview of Punawale
- Punawale is a developing locality situated in the western part of the Pune Metropolitan Region.
- Punawale is a mid-segment locality that comes under the Pimpri-Chinchwad Municipal Corporation (PCMC).
- Punawale offers seamless connectivity and is in close proximity to major employment areas. These factors have contributed to the development of real estate in the locality.
- Ravet, Walhekarwadi, Nigdi, Tathawade, Wakad, Pimple Saudagar, Mamurdi, Hinjewadi, Jeevan Nagar, and Pimpri Colony are the localities close to Punawale.
- The pincode of Punawale is 411033.
Punawale Residential Market Insights
- The average property price in Punawale ranges from ₹ 6,000 to ₹ 8,000 per sq. ft.
- The average price of a 1 BHK in Punawale is around ₹ 30 lakh to ₹ 60 lakh.
- The average price of a 2 BHK in Punawale is around ₹ 50 lakh to ₹ 85 lakh.
- The average price of a 3 BHK in Punawale is around ₹ 80 lakh to ₹ 1.5 crore.
- The average price of a 4 BHK in Punawale is around ₹ 1.5 crore to ₹ 3 crore.
- The average monthly rental rates in Punawale range from ₹ 17,000 to ₹ 65,000.
- Punawale is a posh area and mainly offers mid-segment to premium residential properties.
- Although the prices of properties may vary based on certain factors such as apartment configuration, exact carpet area, location, scenic advantages, etc.
- Both under-construction and ready-to-move flats are available in this locality.
- A number of reputed builders and developers have properties available in Punawale.
Connectivity and Transport In Punawale
- Wakad Chowk Metro Station, which is 5 km away, is the nearest station for metro connectivity in Punawale.
- Punawale is well connected to the rest of Pune city by roadways and railways.
- Akurdi railway station, being just 5km away, is the nearest railway station to Punawale.
- Punawale is 20 km from the central city of Pune, whereas Pune Junction Railway Station is 23 km away. It is easily accessible through the Old Mumbai Pune Highway.
- Other than that, Chinchwad, Pimpri, and Dehu Road are the railway stations near the locality.
- The Pune International Airport is at a 27 km distance from Punawale, which is just 1 hour away
- The Mumbai-Pune Expressway is at a 5-minute distance from the locality.
- Major arterial roads and highways such as NH48 Mumbai Highway, Aundh - Ravet BRTS Road, Mumbai-Pune Expressway, Hinjewadi Road, and Wakad-Punawale Road allow easy connectivity from the locality.
- Punawale has a good frequency of the PMPL buses. This bus network allows efficient and affordable public transportation within the city .
- Sharing or private Auto Rickshaws and cabs are also easily available in the locality.
Social Infrastructure In Punawale
- Punawale is rapidly developing in terms of social infrastructure and civic amenities. It has access to good schools, hospitals, markets, and malls.
- Lotus Business School, Indira College of Commerce & Science, and Orchids International School are some schools and educational institutions nearby.
- Leading hospitals such as Dhanwantaris Chrysalis, Ojas Multispeciality Hospital, Anand Hospital, and Paras Polyclinic are located in and around the locality.
- Phoenix Mall, Elpro City Square Mall, Premier Plaza Mall, City One Mall, and Xion Mall are some premium malls nearby.
- Puneri Fresh Mart, Akash Mart, Dmart Ravet, and Ashapura Super Mart are some of the retail shops nearby for the essential needs of residents.
Employment Opportunities In Punawale
- Punawale is strategically located along the Mumbai Highway (NH-48). This allows easy access to the major IT hub of Hinjewadi.
- This Hinjewadi Rajiv Gandhi Infotech Park is at a distance of 10 km from the locality. It is easily reachable in 20-25 minutes.
- Punawale itself is home to major corporate campuses such as Blue Ridge IT Park, Embassy Tech Zone, Embassy Quadron Business Park, Wipro Campus, and Infosys Campus.
- IBM, Cognizant, Access Healthcare, Tech Mahindra, TCS, etc., are some of the reputed employment companies in the locality.
- Pimpri Chinchwad and Talegaon, which are major industrial and commercial areas in the City, are also located in close proximity to Punawale. This provides a range of employment opportunities.
- Due to robust urbanization and close proximity to key business centres offering vast job options, Punawale is becoming a choice of investment for property buyers. Thus, Punawale is a good place to live in.
Lifestyle In Punawale
- Punawale has a perfect mix of a serene environment and urban convenience.
- Due to the presence of IT corridors and naturally beautiful scenic spots, Punawale offers a perfect lifestyle for families and professionals, making it a preferable destination for investing in residential flats and properties.
- The locality’s proximity to major IT hubs like Hinjewadi and Talegaon has made it quite popular among job seekers. As a result, the locality has experienced tremendous rental yield.
- Punawale is close to popular hill stations such as Lonavala, Matheran, and Mahabaleshwar.
- The Chaphekar Statue, Sardar Borge fort, Shelarwadi Buddhist caves, Chaphekar Wada, Raja Dinakar Kelkar Museum, Sangamdurg Fort, Induri fort, etc., are some of the well-known tourist attractions in and around Punawale.
- The Kasarsai dam is a popular camping spot for tourists.
- The Ganda Hills, Punawale forest area, Shahu Maharaj Talav, Pimpri Chinchwad Science museum, etc., are some places to visit in Pimpri Chinchwad, which is very close to the locality.
- It also offers relatively affordable housing options compared to more popular areas of Pune.
Safety and Security In Punawale
- Punawale follows proper security guidelines, ensuring the safety of its residents.
- The locality has several police stations nearby to take responsibility for the public’s safety.
- Regular police patrolling is practised, especially along busy roads.
- There are CCTV Cameras in public places to avoid any crime incidents and illegal activities.
- Proper traffic regulation is done through traffic officers and traffic signals.
Development and Future Prospects In Punawale
- The upcoming Purple Line extension of the Pune Metro will connect Punawale to Swargate. This will make public transportation seamless in the locality.
- Service roads along the major NH48 Mumbai Highway are planned to be widened. This will allow a seamless commute for locals, bringing traffic congestion under control.
- Punawale is a part of the PCMC. Hence, the robust development of the area's infrastructure and services will also prove beneficial to the locality.
- Punawale and the adjacent localities, such as Hinjewadi, Aundh, and Pimple Saudagar, are planned to be developed into a satellite smart city. This will increase employment opportunities in the locality, thus enhancing residential demand.
Culture and Community in Punawale
- The locality of Punawale boasts a rapidly urbanising lifestyle while preserving its scenic significance.
- Narsimha Temple, Shitaladevi Temple, Vitthal Rakhumai temple, Shri Dhaneshwar Mahadev Mandir, and Shri Ram Mandir are some well-known spiritual centres within 10-15 km of the locality. These temples not only have a cultural significance but are also architecturally intricate.
- The Ramkrishna More Natyagruha preserves the artistic and cultural significance for play enthusiasts. This natak theatre is located near the locality.
- Punawale enjoys a Marathi cultural environment since it is a part of Pune City.
- The locality offers authentic Maharastrian cuisine when it comes to local food.
Environmental factors in Punawale
- Punawale preserves its green environment through an abundance of greenery, recreational parks, and open spaces. This offers a chance of recreation, leisure activities, and relaxation within the urban environment.
- The Rajmata Jijau garden, Morya Gosavi Park, and Tukaram Omble garden are some green parks in and around the locality.
- The locality is becoming a famous location among buyers and investors due to its scenic beauty, evergreen environment, and a prime location for employment.
- Being close to popular hill stations such as Lonavala, Matheran, and Mahabaleshwar, Punawale allows a convenient weekend getaway for the residents.
Flat Configuration in Punawale
- Punawale 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 most popular in Punawale.
- Punawale mainly has premium and mid-segment housing properties. But it also offers some flats 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 Punawale
- Punawale has witnessed a consistent price growth of up to almost 26% in the last 5 years.
- Whereas there has been a 24% property price appreciation in the last 3 years.
- The YOY property price growth in Punawale has been around 10%.
- Also, a rental yield of around 4% has been achieved due to an increased demand for rental properties.
- Due to rapid development and urbanization, Punawale is expected to experience consistent price growth in the near future.
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Frequently Asked Questions
What are the popular residential areas in Punawale?
Some of the top residential areas in Punawale include .
What types of properties are available in Punawale?
Punawale offers Apartment, catering to various budget segments.
What is the average property price in Punawale?
The average property price in Punawale ranges from ₹6,700 to ₹13,500 per sq.ft., depending on the location and amenities.
Are there affordable housing options in Punawale?
Yes, areas like Nr Savta Mali Mandir offer budget-friendly housing options in Punawale.
Are there luxurious housing options in Punawale?
Areas like with price range above ₹72 L are known for luxurious residences in Punawale
Are there housing options in Punawale ranging from INR 30L to 60L?
Yes, Punawale offers flats starting at ₹30L to premium luxury residences going up to ₹60L. Buyers can explore these options in prime localities with modern amenities:
Are there housing options in Punawale ranging from 60L to 1Cr?
Yes, Punawale offers several housing options in the ₹60L to ₹1Cr range, providing well-designed apartments with modern amenities in prime residential areas.Top 4 properties are: