Pune has come a high habitude from life Mumbai's baby to its instruct status of growth a mega-city of its own. The megalopolis sprawls in 430 sq kms and has a population of 3 million (as per 2001 census).

Cherish other developing cities, Pune besides is facing the issue of decongestion and wick infrastructure. Congestion in the prime areas compatible Deccan Gymkhana, Hinjewadi, Mannequin Colony and Koregaon Grassland is driving mortals to peep for affordable options in the near by areas. Pune extent adore Viman Nagar, Aundh, Kalyani Nagar are existence preferred over the prime areas owing to they order fair belongings rents and are much approachable from the prime areas.

Residential apartments keep mushroomed in these areas and are finding takers as well. Lousy with district builders, along with some established groups compass floated projects specifically in these areas. Kumar Builders chalk up announced a 40-acres township in Kalyani Nagar. The bridge between Kalyani Nagar and Koregaon Arena has chop short the distance between the two places. This has boosted the real-estate prospects of the locality. Earlier, Kalyani Nagar was published for its bunglow developments. The first off apartment elaborate came up here in 1988. Now, folk scrutinize Kalyani Nagar as an affordable and approachable option. The phenomenon has caught up so great that momentarily besides individuals are buying houses/plots/apartments in Kalyani Nagar than Koregaon Park.

The money monetary worth for an apartment in Kalyani Nagar is Rs 3,700-Rs 4,500 per sq ft and in Koregaon Grounds ranges between Rs 3,000-Rs 5,200 per sq ft. These rates are nearly analogous in spite of the naked truth the field profile of the two areas varies actual much. Koregaon Lawns is a plush existence inhabited by industrialists, retired defence professionals and politicians while Kalyani Nagar is mostly colonized by middle-income professionals and students.

The plot amount in Kalyani Nagar ranges between Rs 36,000-Rs 40,000 per sq yard. The standard rentals for 3 BHK apartment here (1500 sq ft) are in the scale of Rs 10,000-16,000 per month. The equivalent allegory is lifetime repeated in other near by areas as well. This has created a spur in the market. The property require has gunfire up despite rising land costs.

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