Mundhwa, Pune

mundhwa is a residential and industrial locality in the eastern periphery of Pune. mula mutha river forms a boundary of the locality. mundhwa is an emerging real estate destination as it is located in proximity to the employment hubs like kharadi and hadapsar, among others. kalyani nagar, kharadi, hadapsar, koregaon park, and manjari budruk form the boundaries of the locality.

the taxonomy of the locality includes apartments, independent houses, and residential plots. prominent realtors like shree venkatesh buildcon, gera developments, sukhwani associates, oxford group, and konark karaia builders have residential and commercial spaces in the locality. the locality has an excellent social and retail infrastructure, ranging from local supermarkets to multistorey fancy malls. 

the area is well-rated by the residents regarding availability of services, neighbourhood, safety, connectivity, and cleanliness. 25% of the properties for sale range from 40 lakhs-60 lakhs. 34% of the properties for sale are in the price band of 60 lakhs-80 lakhs. about 40% of the properties on sale are excellent properties costing over a crore. 2bhk is the most common configuration as these constitute 56% of the properties up for sale in the locality. 89% of the properties up for sale on real estate integrator platforms are residential apartments.

key highlights

• magarpatta road connects the locality with magarpatta and amanora park town

• excellent road connectivity to other parts of the city by ghorpadi road and n main road

• magarpatta road, which connects solapur-pune highway in the south and pune-ahmedabad in the north, passes through the locality. 

whats great?

• proximity to the railway station, airport, and bus stations

• proximity to employment hubs of hadapsar, kalyani nagar, and magarpatta

• schools, universities, restaurants, hospitals, gyms, malls, and theatres are nearby. 

whats not great?

• traffic difficulties during peak hours

Watch out for?

• upcoming innumerable residential and commercial spaces from esteemed organizations

property price rising factor

short term

• well-established locality with good connectivity by road and rail

long term

• the locality is a preferred destination for the workforce employed in it parks of magarpatta, hadapsar, viman nagar, kalyani nagar, mundhwa industrial estate, etc.

other highlights

social infrastructure

mundhwa has excellent social infrastructure. schools, colleges, clinics, parks, banks, malls, recreational facilities, and it parks are here. 

shopping complex & markets

• local convenience stores

• seasons mall

• amanora mall

• pheonix market city

• vascon mariplex mall

health care centers

• columbia asia hospital

• aditya hospital

• shree hospital

• anup nursing home

• salunke hospital

connectivity & public transport

mundhwa has magarpatta road passing by. so, there is connectivity to reach magarpatta, amanora park town, pune-ahmedabad highway, and solapur-pune highway via this road. hadapsar railway station is 2kms from here. Pune international Airport is 9kms from here

schools, bank & fitness centers

schools in this area:

• st. joseph convent school

• lonkar madhyamic vidyalaya

• st. oscar convent high school

• mother teresa school & junior college

banks in the area:

• yes bank

• icici bank

• state bank of india

• hdfc bank

• union bank

nearby atms for all prominent banks:

• sbi atm

• hdfc atm

• icici bank

• tata indicash atm

• kotak mahindra bank

fitness centers:

• fitness factory

• gym town

• the gym 

popular landmarks near locality

• aga khan palace, mahadji shinde chhatri, osho teerth park, and anand van reserve forest are nearby attractions

micro market analysis

capital and rental trends

• in mundhwa, the average price per sq.ft in an apartment is rs. 6364. the lowest price/sq.ft. is rs. 5181, and the highest price per sq. ft. is rs. 7547. theres a 0.4% fall in price per sq. ft. across all types of properties 

• most of the properties posted on the online platforms are upcoming and ready-to-move-in 2 bhk and 3 bhk apartments.  3bhk is available in the price range of 55lakhs – 3crore. 2bhk is available from 24lakhs- 1.6crore

• 821 properties are available for sale. 29 projects are under construction, with possession scheduled in 2022&2023.  17 are ready-to-move-in properties.

• 466 properties are up for rent. 2bhk is available for rs. 5000- 35000 a month, and 1bhk is available from rs. 2500- 20000 a month.

scope of growth

• mundhwa has excellent road connectivity. residential apartments make this locality a convenient place to live for the workforce employed in nearby it hubs and industrial parks.

investment opportunities

• the sq. ft. cost is modest, considering the development in the area. the trend suggests holding an asset in an upcoming venture in nearby areas. the area is already witnessing explosive growth. so, it is recommended to go with new establishments. venkatesh graffiti elan, unique legacy, savali saffron, mantra insignia, godrej rejuve, and puravankara purva silversands are some properties by prominent realtors coming up in the area