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About Properties In Lonikand, Pune for Sale
Overview of Lonikand
- Lonikand is a developing locality situated in the East Zone of Metropolitan City.
- This locality is popularly also known as Loni, located in Haveli taluka of district.
- It comes under the Municipal Corporation (PMC).
- Lonikand is primarily a residential area in the eastern part of .
- The locality offers residential apartments and other residential properties at an affordable budget range compared to more urbanised localities in .
- Affordable housing properties, a robust connectivity network, access to commercial areas, and developing infrastructure are the key factors attracting rental demand in this locality.
- Perne Phata, Ramnagar, Bakori, Savtamali Nagar, Pushp Nagari, and Bhogawade are the localities surrounding Lonikand that offer residential properties in a similar price range.
- The PIN Code of Lonikand is 412216.
Lonikand Residential Market Insights
- The average property price in Lonikand ranges from ₹3,500 to ₹5,500 per sq. ft.
- The average price of a 1 BHK in Lonikand ranges from ₹20 lakh to ₹35 lakh.
- The average price of a 2 BHK in Lonikand ranges from ₹25 lakh to ₹60 lakh.
- The average price of a 3 BHK in Lonikand ranges from ₹40 lakh to ₹1 crore.
- The average monthly rental rates in Lonikand range from ₹10,000 to ₹30,000.
- The average price of land in Lonikand is around ₹2,000 to ₹5,000 per sq ft.
- Lonikand is an affordable area and mainly offers mid-segment to budget-friendly 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 a presence in Lonikand.
Connectivity and Transport In Lonikand
- Hadapsar Railway Station on the Mumbai - Chennai railway line being at around 20 km, is the nearest railway station to Lonikand.
- Along with that, the Junction Railway Station, Loni Railway Station, and Saswad Road Railway Station are around 40-45 minutes from the locality.
- The Aqua line along the Metro network, including stations like Yerwada Metro Station, Kalyani Nagar Metro Station, and Mangalwar Peth Metro Station, offers connectivity to the rest of .
- The Beed-Ahilyanagar-Road passes through Lonikand, serving as a prime source of roadway connection here.
- Moreover, the Kesnand Road, Alandi-Markal Road, Perane Road, and Parner - Highway offer connectivity to major parts of .
- The International Airport is around 30 minutes from Lonikand through the Lohgaon-Wagholi Road.
- The PMPL bus network allows convenient and affordable public transport throughout the city of .
Social Infrastructure In Lonikand
- Lonikand is an urbanising locality with few infrastructure developments ongoing. However, there are sufficient essential services around the locality to fulfil the needs of the residents.
- There are several schools and colleges around, such as BJ’s School, BBS International School and Junior College, Satav Junior College, Shri Sant Tukaram Junior College, Netaji Subhash Chandra Bose Boys College, Glory Junior College of Science, Anushree Public School and Junior College, St. Joseph’s Convent School and College, etc.
- Dr Jagtap Clinic, Gurukripa Hospital, Yashasvi Clinic, and IMHS Multispeciality Hospital are some quality health centres near Lonikand.
- Phoenix Marketcity Mall, Seasons Mall, and Amanora Mall are within an hour's distance from the locality by road
Employment Opportunities In Lonikand
- Lonikand is situated close to the World Trade Centre and Weikfield, which are major commercial hubs in .
- A few prominent IT zones in the city, such as International Tech Park, EON IT Park, CommerZone IT Park, ITPP, and AP4 Tech Park, are located within reach.
- Renowned industrial and tech hubs like Mundhwa, Kharadi, Panchashil, and Chakan are easily accessible.
- These commercial areas are improving the economy of the locality, giving rise to employment opportunities and increasing property demand.
Lifestyle In Lonikand
- Lonikand has an industrial cum residential environment. Along with that, the locality also enjoys a peaceful and serene environment.
- There are several restaurants and cafes close to the locality where people visit to enjoy a good time.
- A few malls and recreational areas are also nearby.
- Delicious Kitchen and family restaurant, Chinchvan Restaurant, Hotel Monika, Silver Oak Family Restaurant, Hotel Chourang, Govind Pure Veg Restaurant, and Classic Cafe are some popular dining options close to Lonikand.
Safety and Security In Lonikand
- Lonikand is overall considered a safe locality in the metropolitan area of .
- Lonikand has an appointed police station that serves the locality.
- There are proper street lights in the area to avoid any accidents at night.
- Regular police patrolling is done to avoid any criminal or illegal activities in the locality.
Development and Future Prospects In Lonikand
- The completion of Ring Road will improve overall road network connectivity along the city, hence proving beneficial for Lonikand as well.
- The upcoming -Nashik Rail Route will allow easy public transportation.
Culture and Community in Lonikand
- Lonikand has several temples in the vicinity that represent the cultural and spiritual significance of the community.
- The locality enjoys a diverse culinary scene with traditional and local dishes.
- The Vitthal Rukmini temple is a major attraction here.
- Other than that, there are also several other local temples, such as Sawta Mali temple, Mhasoba Temple, Shree Kshetrapal Pratishthan, and Wagheshwar temple, present nearby.
- The locality of Lonikand is known for its community bonding and all-inclusive environment. People celebrate several festivals and special occasions together, showcasing a sense of harmony.
Environmental factors in Lonikand
- Lonikand, being a developing locality, has a peaceful and tranquil environment.
- There are several green gardens, open spaces, and lake areas in close proximity to the locality.
- The Air quality in Lonikand is moderate.
- Jogeshwari Park, Wagheshwar Park, Konark Orchid Park, Green Sunrise Hills, Butterfly Garden, and Joggers Park are some green spaces in and around the locality.
- Lonikand is also surrounded by some serene and peaceful lakes, such as Bhosari Lake, Amanora Lake, Mastani Lake, Ramdara Lake, Vishrantwadi Lake, Autadewadi Lake, Wagheshwar Lake, etc.
Flat Configuration in Lonikand
- Lonikand offers a range of 1 BHK, 2 BHK, and 3 BHK properties in both under-construction and ready-to-move conditions.
- 1 BHK properties are in demand in Lonikand due to their affordability.
- Lonikand mainly has affordable residential properties.
- Apart from that, other properties like independent floor apartments, villas, and land plots are also quite popular.
Property Price Growth in Lonikand
- Lonikand has witnessed a consistent price growth of up to almost 35% in the last 3 years.
- Also, a rental yield of around 3% has been achieved due to an increased demand for rental properties.
- Due to rapid development and urbanisation, Lonikand is expected to experience consistent price growth in the near future.
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