Get close to nature at affordable prices

Ambegaon is in the process of becoming Pune’s next vibrant property boom area over the next few years. Increasingly, Pune’s homebuyers seek areas which continue to offer the unspoiled natural splendour and healthy environment which Pune was once famous for. Such areas are increasingly hard to find as real estate construction has been rampant all over the city. The availability of large, contiguous land parcels for development in Ambegaon is another significant advantage of the area, which for this reason lends itself particularly well for sizeable township projects.

Amit Enterprises Housing is among the major developers that are very active here. The developer's luxury project Bloomfield and the affordable project Astonia Royale have garnered considerable success as they cater to the specific demand groups existing in Ambegaon. Ambegaon is the perfect setting for projects in both these categories.

Ambegaon's history, as far as its real estate development is concerned, is not very long. Development here is largely happening on land parcels that landowners and developers have been holding for several years while they awaited the inevitable development push which would shift Pune homebuyer demand into this direction and to this location.

Ambegaon's real estate development potential is similar to that of other rapidly-upcoming residential property development precincts like Bhugaon, Bavdhan, Bhugaon, Kondhwa, Undri, Wagholi and Katraj. This area is close to Katraj and therefore enjoys advantageous hill views, making it an ideal destination for homebuyers seeking to escape the central city area chaos. It is advantageously connected to the inner city by road and is also close to the Mumbai-Bangalore Bypass, as well as the very popular NBN Sinhgad Technical Institute and various hospitals and schools.

Property price appreciation has been significant at Ambegaon as compared to many other locations, varying according to the exact location, developer's profile and amenities offered in the project. In locations like Baner, Wakad, Hinjewadi and other growth areas of Pune, investor interest has predominantly come from neighbouring Mumbai. In Ambegaon, thanks to its unique location, investors have also been coming in from Sangli, Miraj, Kolhapur, Satara and Shirval.

The writer is vice chairman, ANAROCK Property Consultants