Kondhwa Budruk is an upcoming residential and commercial locality in the fast developing city of Pune. The neatly subdivided streets and innumerable property establishments represent the growth and potential this locality holds. The neighbourhood is strategically located, as it is surrounded by the popular localities of Kondhwa, Dhankawadi, and Katraj. It is situated in the peripheral region, 9 km towards the south east of Pune. Hence, it enjoys the simultaneous benefit of real estate growth along with a serene environment, free from the hassles of a city life.
Pune-Mumbai Highway, also known as Satara Road in this region, is located to the west of Kondhwa Budruk and offers easy access to other parts of the city. Not limited solely to the residential projects and commercial entities, the locality is also well endowed with lush green parks such as Rajiv Gandhi Zoological Park, located 10 minutes from here.
Kondhwa Budruk is an example as to why Pune has been referred to as a ‘student city’ by many. The social infrastructure facilities present here are immense. Educational institutions such as Smt. Kashibai Navale Institute of Education, Sinhgad Academy of Engineering, and Sinhgad Institute of Business and Administration Research are the major growth drivers here. The prominent commercial and residential establishments here include, Property Journal and Salve Garden, respectively.
Connectivity and Transit Points
Kondhwa Budruk is connected to Pune-Bangalore Highway via Katraj Kondhwa Road, which is situated towards the south of the locality. Katraj Hadapsar Bypass Road is a radial road located towards the west of Kondhwa Budruk, connecting it to Pandharpur Road, which in turn links to Mumbai Highway towards the north.
Pune Junction Railway Station, the prominent railway station of the city, is located 11 km away, and can be accessed via Jawaharlal Nehru Road or Kondhwa Road. Ghorpuri Railway Station and Shivajinagar Railway Station are other stations situated within a 10-km radius of the area. Pune International Airport is situated 18 km away, and can be reached within 45 minutes via Airport Road and Prince of Wales Drive Road.
The locality has sufficient public transportation options as well. MSRTC buses ply passengers from Kondhwa Budruk to other parts of the city. Apart from this, more common methods of transport such as taxis and autos are also available here in plenty.
Rajiv Gandhi Zoological Park
Iskcon NVCC Temple
Sinhgad Academy of Engineering
Factors for Growth in the Past
Kondhwa Budruk, until very recently used to be a village. Up to the mid 1970’s, Pune used to only consist of Central and Inner Pune. Now, as Pune has started to expand and become a bigger city, a number of peripheral areas are being included in the limits of the municipality. Kondhwa Budruk, being one such suburb witnessed growth due to this inclusion.
As people started moving towards the extremes of the city to get away from the hustle and bustle of the city life, vacant areas like Kondhwa Budruk slowly started to gain prominence. The abundant available land enticed several developers and investors to invest and improve the real estate market of the area.
Residential & Commercial Market
Residential Market Trends
Maximum demand for property here is in the form of high-rise and multi-storey apartments. There are also a number of residential plots available for sale in Kondhwa Budruk . The residential market in Kondhwa Budruk has been witnessing an increase in the property values as it is being fuelled by rising demand.
At present, the average capital value is about Rs 4,495 per sq. ft. However, values for premium projects in Kondhwa Budruk is higher than the usual rate, and falls close to Rs 5,000 per sq. ft.
Commercial Market Trends
The average rate for offices is approximately Rs 6,935 per sq. ft. Shops are priced a bit higher, and sell at an average rate of Rs 9,880 per sq. ft. Commercial plots, on the other hand, sell at an average rate of Rs 1,420 per sq. ft. These rates are much more affordable when compared to other parts of Pune, and as a result, many companies are now setting up their businesses in Kondhwa and Kondhwa Budruk.
The problem of garbage disposal is something that plagues the neighbourhood of Kondhwa Budruk. The municipal corporation has proposed to initiate a waste processing plant in this locality to tackle this problem. However, this project is seeing objections from residents, as they believe that this would require a lot of land space and might even cause odour pollution.
Kondhwa Budruk is also known to have uneven roads, laden with potholes and messy road work. It is believed that the contractors involved in this project are about to get blacklisted and the roads in the region will be sufficiently improved in the coming future.
Factors for Growth in the Future
There is a slew of upcoming residential apartment projects in Kondhwa Budruk such as Kumar Kul Utsav, Alcon Signare, Arihant Prathamesh, Notting Hill, and Anjani Amores, which once completed will proliferate growth of the residential market here.
Apart from this, the Pune Municipal Corporation plans to make things right by fixing their abysmal road repair work in Kondhwa Budruk and many other localities. PMC intends on finding a permanent solution to smoothen the roads to cover up all the potholes. Also, according to the civic authorities, open drains, manholes, and water-logged roads are to be repaired as well. The improvement of these civic facilities in the region would give it a facelift, and promote better growth in the future.