Undri future development is going to be very promising in the next five years. So much, that it will become the next hotspot for residential homes in Pune.
In the last five years, Undri has become the fastest developing area in the Southern part of Pune. Today, it is one of the industrial as well as IT hub in Pune. The development of civic amenities and infrastructure has interested many realtors for new property development in Undri. Also, the working class people and neutral families have chosen Undri as an option for residence, considering its proximity to major commercial and major amenities like schools and other educational institutions. It has also given a boost to residential development in Undri for the last five years.
Look at the image below to understand the price trends of the neighbourhood.
Because of the new property development in Undri, the ROI expected is also significantly increasing every year. The opportunities for realtors have made Undri Real Estate future more promising for the next five years. Some of the factors that encourage good ROI in Undri for the next five years are mentioned below:
Huge Demand for Residential Homes
In the last five years, experts have revealed that Undri raised a huge demand for residential homes. The residential homes mostly consisted of 2BHK and 1 BHK flats as millennials and small families most prefer them. The residential development in Undri is also focusing on meeting this demand
Closer Proximity to Major Employment Hubs
Undri enjoys closer proximity to major employment hubs like Magarpatta SEZ, Hadapsar Industrial Area and SP Infocity. It has given a boost to real estate giants for new property development in Undri, thereby opening up an avenue for Undri Real Estate future
Apart from this, because of huge demand in Pune, these employment hubs will also witness growth in a number of companies and MNCs providing more employment opportunities to people residing in and around Undri. Because the employment opportunities and residential demand are interlinked, Undri future development will only become better and more opportunistic.
Excellent Social Infrastructure
Undri is promising not only for employment but also for education. There are many reputed schools in Undri like Delhi Public School (DPS), Amanora School and City International School, to name a few. Additionally, Undri is proximate to many hospitals; Sanjeevani Nursing Home is one of them.
For people to shop and chill on weekends, there are various malls and multiplexes in and around Undri. Seasons Malls, Amanora Mall, Central Mall and Kumar Pacific Mall, are few of them. These malls and multiplexes are well connected by good roads.
Good Options for Tourism and Leisure Activities
There are many places to visit in and around Undri like heritage buildings, museums and amusement parks to have a good day with your friends and family. Aga Khan Palace, Shaniwarwada are some very touristy and popular places to visit near Undri. You will also find various religious places near Undri. Dagdusheth Temple is very close to Undri and of the top religious importance, especially during Ganesh Chaturthi festival. You can also find various food chains and independent food joints to indulge in good food. There is an increasing scope for food entrepreneurs to open their food business in Undri.
Undri is well connected by Pune International Airport, which takes a time of 45 minutes to an hour from Undri. In addition, the railway station at Hadapsar and Pune Railway Station is very well connected to Undri and are at a distance of approximately 10 km. Undri also offers excellent bus services for State Transport as well as Private Buses. Katraj Bus Stand and Market Yard Bus Depot are very nearby to Undri.
If this wasn’t enough, then Undri is also well-connected with major state and national highways. Kondhwa Road, Mumbai-Hyderabad Highway, Solapur Road are few to name. Government is planning many other such major roads and expansion of the existing ones for even better connectivity.
At the Bottom
In the last five years, Undri has witnessed a rapid increase in the demand for residential homes. Because Undri is not only closer to major employment hubs, but also offers excellent social infrastructure and a great lifestyle.
Undri witnesses a high demand amongst millennials for residential homes every year. However, the availability of homes in Undri is in a fix. It proves to be a great opportunity for builders and real estate stalwarts to come up with residential development in Undri. Also, the social amenities around Undri makes it a great option for residential purposes.
In the next five years, Undri will become the next promising hub after major areas like Koregaon Park, Magarpatta, Hadapsar, etc. Since Undri is developing and the demand for residences is surging every year, this is the right time for builders to come up with residential development in Undri. As foreseen, the ROI from property in Undri in the next five years is expected to rise significantly. Today, the approximate appreciation for investors stand at around 20%. Being an array of opportunities, Undri is set to become the next millennial-friendly choice for settling down with a good lifestyle.
Experts conclude that Undri future development is foreseen as “very high and ambitious”, considering the opportunities that the locality offers, especially for millennials. With state-of-the-art social infrastructure and new property development in Undri, this locality will see a major turnaround in the next five years. Seeing the Undri Real Estate future, it can also be anticipated that Undri will become the next hotspot for realtors in India.