Undri - Pisoli Real Estate At A New Edge

Undri- Pisoli is one of the fast developing areas in Pune, located in the southeast part of the city. This area enjoys good demand for residential real estate due to its proximity to important centres of the Pune city market area and Magarpatta City. This locality is situated at about 8 km from Central Pune.

Connectivity & Public Transport

Accessibility plays a crucial role in the growth of real estate of any locality. Undri-Pisoli is easily accessed through MG road, Katraj- Kondhwa road and road. The closest railway station to the locality is Pune Junction railway station, which is around 8.8 km from the neighbourhood. The Pune International Airport is about 16 km from the locality and serves as one of the crucial factors for the growth in demand for residential property in this region. The nearest bus stands to this locality include Swargate and Kondhwa bus stands. Proximity to Katraj- Kondhwa bypass road and availability of frequent buses to connect to prime destinations in Pune makes this locality one of the preferred choices of home buyers.

Social Infrastructure

Development in social infrastructure has boosted up demand of Undri-Pisoli. This area is located close to Magarpatta and to educational institutions such as Euro School ,Deli Public School ,Sinhgad Collage ,Bishops School, hospitals like Satyanand Hospital , Inamdar Hospital , Ruby Hall Clinic nearby malls and multiplexes like Konark E-Square, Fun Multiplex are some of the additional advantages of being in this locality.

Real Estate

Low-rise independent floors are more popular in this locality than multi-storey apartments. Some of the prominent developers in this locality include Pushpganga Ventures, Goel Ganga Developments, and Marvel Group. Prevailing rental demand is high in the area, due to college youth and working class.

Both affordable and premium residential projects are in demand in this locality. Some of major projects in this area are Swapnaganga, Ganga Elika, Marvel and Amit Colori which provide with good amenities and location. The size of residential units ranges between 880 sq ft to 2000 sq ft.

Price Trends

The price range of multi storey apartments in Undri-Pisoli ranges between Rs 3500 to Rs 5500 per sq ft while the average rental value of apartments is approximately Rs 10 per sq ft. The price per sq. ft was at Rs 3000 in Jan-Mar 2012 quarter which appreciated to Rs 3500 in the quarter of Jan-Mar 2013. Around 14 percent appreciation has been observed during this period.

The locality of Undri-Pisoli has been witnessing good residential growth due to its close proximity to the industrial area and also because of the excellent connectivity provided by Bangalore -Pune road as well as the other prime roads. Many leading developers are coming up with many integrated projects with all modern lifestyle facilities along the stretch.