Magarpatta city is one of the India’s biggest achievements and slowly turning into what is known as a smart city. It is a 600-acres gated community situated in the east of Pune. It comes under the jurisdiction of Pune Municipal Corporation. This township is built in the Hadapsar area of Pune and is a model of self-sustainability and integrated development. It is built of the concept of walk-to-work and walk-to-school. A city where you live, work, play, study, and shop, all within walking distance. There is also a commercial zone in Magarpatta which is also located close to the residential areas. Apart from that, there are top class IT Parks which houses several IT giants and various corporations and firms. The locality is popular as an IT destination. Many big corporates such as EXL Service, The Bank of New York Mellon, Capgemini, Mphasis, Accenture, SAS, Deutsche Bank, Hitachi Consulting, HCL Technology, Teradata, Tata Elxsi, Crest, EXL Service among others. There is a 25-acre park known as “Aditi Garden” located in Magarpatta City. The city also promotes green and environmentally friendly living by having an efficient waste disposal process with plenty of schemes that boost sustainable development. The roads which run through the city are well designed as well as properly maintained by the Magarpatta city council.The ongoing capital values in Magarpatta are between Rs.6250 – Rs9420 per sqft. Some of the key residential projects in Magarpatta City are Shubh Casa Feliz, Konark Vista, Navlakha Waterfront, Amanora Aspire Towers, Panchshil One North, Magarpatta City Erica among others.
Magarpatta City is well-connected to the other parts of the city via roadways and railways. DC Road, Slip Road, Management College Road, Cosmos roads are its arterial roads which further has its access with Pune-Pandharpur Road or NH 68 via Magarpatta Road.
Pune International Airport is located at a driving distance of 11.5 km via Pune Highway/Mundhwa Road.
Hadapsar, Ghorpuri, Pune Junction, Shivajinagar are its nearby railway stations. However, Hadapsar is the nearest railway station to Magarpatta situated at a distance of 2.9 km via Magarpatta Road/Mundhwa Road.
Factors for past growth
Employment opportunities are numerous in the area and are strategically located so as to reduce both travel time as well as money. A large number of workforce working in those firms have their residence close to Magarpatta City as all the daily basic needs are within a 500 meter radius. Hence, the property rate increased rapidly and people who have invested or bought their flats @Rs.1000-1100 per sqft in 2000 has gained 6-fold returns in their investment. As a result, 2 BHK apartments for rent in Magarpatta are in huge demand.
Factors for future growth
Its proximity to International Airport, Hadapsar railway station along with major key IT Parks and Industrial Estate such as Kharadi IT Park, EON IT Park, Kalyani Nagar, Koregaon Park, and Hadapsar Industrial Estate will further increase the rental demand in the locality.
Employment hubs near Magarpatta City
Kharadi IT Park – approx. 5.3 km
EON IT Park – approx. 7.5
Kalyani Nagar – approx. 8.7 km
Koregaon Park – approx 10.4 km
Hadapsar Industrial Estate – approx. 4 km
Infra Development (Social & Physical)
Some of the famous schools in Magarpatta City includes Vibgyor School, Magarpatta City Public School, Atelier International Preschool, Treehouse, Kidzee, Footprints Play School & Day Care Creche, MET Corporate B School, Vivero International Preschool, Little Millennium Magarpatta Township among others. It also houses some good colleges nearby. These are K-Tech Academy Musale Junior College, Sadhana Ladies College, Sm Joshi College Hadapsar, Shanti College of Commerce, Modern Education Society’s College of Engineering etc.
Healthcare facilities are also good in Magarpatta City and easily accessible. Noble Hospital, Columbia Asia Hospital, Villoo Poonawalla Memorial Hospital, Life Care Multispeciality Hospital, Lotus Hospital, Nanded Hospital are located in and around Magarpatta City.
Cotton Galaxy Seasons Mall, Seasons Mall, Reliance Footprint Seasons Mall are the famous mall which caters the daily needs of the residents of Magarpatta City. It also houses retail outlets of national and international brands such as Cantabil Retail India Ltd, Croma Seasons Mall, My Jio Store, Pantaloons, Max Fashion, Zodiac, Westside, The Arvind Store, Lifestyle Stores, Hanes, Allen Solly to name a few.