Introduction
Pune, the rise of the IT market of India in one of the key cities with exceptional tech industry growth has been leading its economy and real estate after broadly discussing the residential properties, especially 2 and 3 BHK flats in localities like Lohegaon, Charholi Budruk, Dhanori etc. In this blog, we will discuss a bit about how the IT boom has influenced the demand for these houses and why these apartments have been witnessing a capital appreciation.
A Brief History of Pune’s IT Growth
Pune’s IT and software boom started somewhere in the early 2000s when companies like Infosys, Wipro, and Tata Consultancy Services came to establish their footprint on this land. Ever since then, the industry has created over 70,000 jobs and drawn experts from all around the nation. Consequently, there is a tremendous demand for various housing options, especially in regions such as Lohegaon, Dhanori and Charholi. IT parks in Magarpatta and Kharadi are largely centred on the east of Pune which means that a very substantial migration will always keep on happening towards these areas. These enormous numbers of jobs resulted in an increase in demand for sites near the office, which is one of the most essential factors in purchasing any 2 BHK flats in Charholi as well as searching for flats for sale in Lohegaon. Many working professionals and families like these neighbourhoods since they are close to IT parks.
Growing Interest in 2 & 3 BHK Flats
Increasing salaries and a spike in the number of dual-income households have driven up demand for 2 and 3-BHK flats. Such housing options are preferred by IT professionals because they provide the ideal balance of cost-effectiveness, spaciousness, and all-inclusive amenities. For example, the demand for 2 BHK apartments in Lohegaon has increased because their proximity to IT hubs offers a tranquil setting to working professionals after a long day at work. Likewise, there has been a surge in the demand for duplex homes in Charholi as well as for duplex homes in Dhanori as people seek luxury living spaces.
Reasons 2 and 3 BHK Flats Are the Choice of IT Professionals
The majority of IT professionals prefer 2 and 3 BHK flats due to various reasons:
- Space: Home offices are now more important than ever, with many of us working from home.
- Affordability: These types of units are the perfect blend of space and affordability for working couples or small families.
- Investment perspective: Locations such as Charholi and Lohegaon have been consistently witnessing appreciation, making them attractive investment options.
- Space Requirements for Young Families and Working Couples: As an increasing number of IT professionals have chosen Pune as their home, the majority are looking for homes with ample room for the present and future. 2 BHK flats in Charholi and 3 BHK flats in Charholi are quite popular due to the rapidly increasing availability of such apartments required to accommodate families who are looking for modern amenities. Projects like Pride World City include communal spaces, parks, and recreational sites. Perfect for a young family!
Investment Potential in Rapidly Developing Areas
Lohegaon, Dhanori, and Charholi Budruk, to mention a few, have experienced increased investment as a result of the IT surge in that area. These areas offer opportunities to invest or purchase properties ranging from 2 BHK flats to Duplex residences. Lohegaon is an attractive place for property purchasers since it offers affordable 1 and 2-BHK residential flats. The IT boom has impacted key areas, resulting in three hotspots:
- Charholi Budruk: The available homes in Charholi range from affordable to high-end luxury residential options with 2 and 3 BHK flats.
- Course areas: Dhanori, Home advancements of duplex homes.
- Lohegaon: It is quickly becoming one of Pune’s fastest developing regions, offering a wide range of flats for sale geared toward IT professionals.
Cost Analysis
The IT boom has caused high property costs across Pune, especially for the centres near IT cells. Although the prices have seen progressive escalation, 2 BHK flats in Lohegaon and 3 BHK flats in Charholi are still relatively cheaper than those at Kharadi or Hinjewadi.
Price Trends: Before and After the IT Boom
Prior to the IT boom, Pune neighbourhoods like Lohegaon and Dhanori lacked a distinct residential real estate identity. They are now considered posh communities as a result of infrastructure development and proximity to IT hubs. Duplex homes in Charholi are popular among today’s generation, who aspire for large, modern living spaces.
Future Outlook
The demand for 2 and 3 BHK flats will rise, especially in well-known destinations such as Lohegaon and Charholi. While IT wheels on blue-chip names have farther to ride, these pockets are expected to witness price increases as the IT sector expands.
Conclusion
The IT boom in Pune has altered most of the city’s real estate sector. Even quickly developing areas such as Lohegaon, Dhanori, and Charholi experienced a strong demand for 2/3 BHK homes. These regions are attractive to both IT professionals and investors due to their great potential for investment returns. The high appraisal will attract more people and spur development. Township developments such as Pride World City have piqued the interest of this demographic because of the ideal lifestyle they offer.
FAQs
What are the current price ranges for 2 and 3 BHK flats in Pune?
Prices for 2 BHK flats start from ₹56 lakhs, while 3 BHK flats can go up to ₹1 crore depending on the area.
Which areas are best for investment near IT hubs?
Lohegaon, Dhanori, and Charholi are emerging hotspots due to their proximity to IT parks and steady development.
How is the demand expected to change in the next 5 years?
With continued IT growth, the demand for 2 and 3 BHK flats is expected to rise, particularly in affordable, well-connected areas.
