Located towards the south-western region of Pune City, Kothrud is a peripheral area that is situated in the Pune District and Haveli Taluka. Formerly known as Kothrud Baug, the vicinity is a popular micro-market due to its strategic location and seamless connectivity. Offering the perfect blend of residential and commercial spaces, the locality has become one of the most coveted residential catchment areas.
Fenced by Warje in the south, Bavdhan in the west, Gokhale Nagar to the north and Sadashiv Peth in the east, Kothrud enjoys great networking. The pleasant climate and serene environment makes this neighborhood a pensioner’s paradise.
Connectivity
Advantageously located on two arterial roads – Karve Road and Paud Road, giving easy access to localities like Deccan Gymkhana, Warje and the Pune-Mumbai Highway
Apart from these, other boulevards like National Highway 4, State Highway 47 and DP Road provide seamless connectivity
With PMPML (Pune Mahanagar Parivahan Mahamandal Limited) bus services being an economical option, the neighborhood is home to three bus stands – Kothrud Bus stand, Kumbre Park and Kothrud Depot
Private transportation like auto rickshaws and cabs can be hired to commute to neighboring localities
The neighborhood is about 8.5 km and 16 km away from Pune Railway station and the International Airport respectively
The city’s metro line is estimated to start its operations from the year 2016 and one of the lines will be linking Kothrud to other parts of Pune
Budget Preference of Buyers - Kothrud
Infrastructure
The substantial footing of the IT and industrial/manufacturing sector has urbanized the locality that appeals to the cosmopolitan crowd
The expansion of the two-lane Paud Road to six-lane has also engaged many real estate developers to create extraordinary living spaces here
With the metro Phase I (Ramwadi-Vanaz line) passing through Paud and Karve Road, Kothrud is likely to act as the main depot for line 2
The proposition by the PMC (Pune Municipal Corporation) to build a road tunnel linking the vicinity to Baner, Aundh and Pashan has already started escalating property prices
The presence of many reputed educational institutions and law schools has further developed the social infrastructure of the area
Offering a high standard of living to its residents, all the basic amenities like water and power supply are well taken care of
Unit Size Preference of Buyers - Kothrud
Real estate
The realty sector in Kothrud has witnessed a steady growth and the micro market offers an array of housing options ranging from being affordable to ultra-luxurious
The high ROI and state-of-the-art amenities provided by reputed real estate developers and builders are wooing many potential home buyers
Active sub localities of Kothrud include Azad Nagar,Parbaug Colony,Rahul Nagar,Indira Nagar and Chaitanya Nagar
Apartments for sale in Kothrud have appreciated over 26% in the past two years and the ongoing rates for flats are expected to cost an average of INR 9,000 – 10000 psft
The growing IT sector has transformed the vicinity into a rental hub. In a span of two years, rental values have escalated over 31%.
On an average, a 1,000 sqft apartment is expected to generate a rental return of INR 21 psft per month, making the market favorable for investors
The demand for commercial spaces have shot up, and a shop in Kothrud for sale is estimated to cost anywhere between INR 14,000 to INR 18,000 psft
Download the Solid Grounds Micro Market Report on Kothrud here.
You can also track the price trends of micro markets in Pune by clicking here.
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