How Kothrud in Pune is developing as a residential locality
Strategically located on Karve Road and Paud Road, the reasons why Kothrud became one of the most coveted residential areas in the city are due to its convenient location on two important roads of the city, excellent connectivity and great leaps taken in infrastructural developments.
November 08, 2013 / 17:20 IST
Sulekha.com
Kothrud, located to the south-west of Pune, has witnessed rapid development in recent years. The pace at which this area has developed can be confirmed by the fact that Kothrud was named as one of the fastest-developing suburbs in Asia by the Guinness Book of World Records. Earlier referred to as Kothrud Baug, this locality is now one of the most urban and upmarket residential localities in the city.Strategically located on Karve Road and Paud Road, the reasons why Kothrud became one of the most coveted residential areas in the city are due to its convenient location on two important roads of the city, excellent connectivity and great leaps taken in infrastructural developments. Kothrud is located just 12 km from the Mumbai-Pune Expressway, and has a bus depot and bus stands that satisfy the transportation needs of people living in this area. In addition to this, there are also a number of buses connecting Kothrud to Hadapsar and Deccan Gymkhana.Kothrud lies in close proximity to IT Infotech and areas like Wakad and Baner. It boasts corporate giants like Cognizant, Tech Mahindra and Persistant. Manufacturing plant Cummins India has also increased employment opportunities, aided development and boosted real estate in this region. It was actually the industrial development that primarily boosted the development of Kothrud. The strong foothold of IT industry further strengthened the growth of this area. One of the main prerequisites for a person looking to invest in a residential locality is to inspect the quality of living it offers to its residents. This is exactly what you get in this locality. A well-planned and well-maintained area, Kothrud is pollution-free when compared to neighbouring areas. In addition to this, Kothrud offers superb basic amenities like good water and power supply and good social infrastructure facilities that are required for everyday living. A number of restaurants, banks and ATMs, shopping complexes, markets, retail brand stores, etc. cater to the requirements of its dwellers. Apart from being known as a prime residential locality, Kothrud is also quite popular for its educational institutions. Good schools and reputed colleges like Cummins Engineering College, MIT, Garware College and Bhartiya Vidyapeeth among others are located in the vicinity of this locality. These premier educational institutions draw students from the all parts of the country and also from some Asian and African countries. This sizeable number of transit student population also makes for the vibrant culture of the locality while helping in boosting the economy of the city. For people looking to invest here, there are several residential options. Developers like Bhujbal Township, Paranjpe, Runwal Housing, Amit Enterprises and Nandan Builders among others have their residential projects in this locality. A number of residential projects here are offered with high-class amenities and specifications. A pleasing residential setting and a great environment makes it all the more pleasing to invest here. The present property rates for a multi-storey apartment flat in Kothrud are varying between Rs. 8000 per sq. ft. to Rs. 9500 per sq. ft. depending on the location, neighbourhood and amenities offered by the builder. The rates for procuring a residential house in this area also fluctuate within the same range. Over the years, Kothrud has witnessed significant residential demand from NRIs, young IT professionals, businessmen and other professionals like doctors and lawyers. Pune, which was once known as a pensioner's paradise, now boasts of places like Kothrud that not only continue to show rapid development and growth but are also considered some of the most liveable areas in the city. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
