Punawale is one of the well developed suburbs of Pimpri-Chinchwad just next to Ravet. It is situated in the northern parts of Pune city and western parts of Pimpri-Chinchwad. It comes under the jurisdiction of Pimpri-Chinchwad Municipal Corporation. Mumbai-Pune Expressway is just 2 minutes away from Punawale. It is also in close proximity to Wakad and benefits from convenient access to various hospitals, banks/ATMs, educational institutions, schools and shopping malls. Tathawade, Kiwale, Pradhikaran, Pimpri-Chinchwad, Wakad, Pimple Saudagar, Hinjewadi, Nigdi are some of the prominent localities situated close to Punawale. The introduction of IT Park near Hinjewadi provoked a amazing real estate growth in the region boosted by IT professionals. Pune city is located at a distance of 22 km via NH48 while Mumbai about 132 km via Mumbai-Pune Highway from Punawale. Many property buyers and investors are aiming one of the peaceful localities of Pimpri-Chinchwad region, Punawale due to its proximity to the IT corridor of Hinjewadi. Flats in Punawale is gaining importance at the perfect investment option, as the locale is still offering an affordable budget to its homebuyers. Some of the key residential projects in Punawale are Pethkar Siyona, Siddhashila Eela, GK Rose Mansion, Garve Golden Treasures, Legacy Urbania, Saarrthi Stanza, Benchmark SiroccoGrande among others.
Punawale is well connected to the rest of the city by road and rail. PMPML buses shuttle across the area frequently, connecting it with other areas of the city. Sharing / private Auto Rickshaws and cabs are also available.
It enjoys excellent connectivity to Pune International Airport which is located at distance of 32 km via Aundh-Ravet BRTS route/Kalewadi Main Road.
Akurdi, Chinchwad, Pimpri, Dehu Road are its nearby railway stations. However, Chinchwad is the major railway station to Punawale, situated at a distance of 6.4 km Walhekarwadi Road.
There are two main Roads Kate Wasti Road and Tathawade Road passes passes through the locality which further connects to the Mumbai Highway and Katraj-Dehu Bypass Road.
Factors for past growth
Located advantageously close to Hinjewadi and it’s growing IT Park and the Pune-Mumbai Expressway, Punawale has now emerged as the location of choice for home buyers from the Information Technology as well as manufacturing segments. Most of the IT professionals either looking for affordable homes in Punawale or its surrounding areas to reside. As a result, the locality has experienced tremendous rental yield.
Another importance of the locality is its accessibility from the industrial belt of Pimpri Chinchwad area namely, Bhosari, Talegaon, Tathawade. As a result, workforce from these industrial units want their residence close to their workplace which has boosted the residential as well as rental demand and development in the region. The region has also seen considerable rental demands for 2 BHK apartments in Punawale.
Infra Development (Social & Physical)
Some primary schools and Pre-primary schools affiliated to Maharashtra state board have been developed in this locality in the past few years. Many schools affiliated to ICSE and CBSE have been established within the area limits. PCMC Primary School, International School of Management Studies, Kidzee Ravet, Rising Royals English Medium School, Shanti Juniors Ravet, Bhondve Primary School, Candid Nursery School etc.
The major hospitals in Punawale include Unique Multispeciality Hospital, Aditya Birla Memorial Hospital, Akurdi PCMC Hospital, Saijyoti Hospital & ICU, Om Shree Swami Samarth Hospital, Shree Hospital among others.
It houses a number of luxurious shopping hubs, including Premier Plaza Mall, City One Mall, R Mart, Central Mall to name a few. It also houses retail outlets of famous national and international brands like Amul Retail Outlet, Gurukrupa Retail Outlet, My Jio Store, Raymond Retail Shop, Pantaloons, Croma, Reliance Digital, Lifestyle, Peter England etc.