Pune Property: All Roads Lead to Ambegaon

Kishor Pate 2Kishor Pate, CMD – Amit Enterprises Housing Ltd.

No discussion on Pune’s property boom locations is complete without an extensive evaluation of Ambegaon.

An increasing number of Pune’s homebuyers are opting for areas with generous natural endowments and absence of the crush of the city’s central areas.

As Ambegaon offers superb connectivity in addition to a green, hilly environment, it has naturally emerged as one of the most favoured property locations in Pune.

As a matter of fact, Ambegaon will be one of Pune’s most exciting property boom regions for several years to come during the following ten years.

Apart from its abundant greenery, the backdrop of hills and excellent connectivity, it is also an eminently affordable location.

Moreover, it offers a good spread of housing options, from multistoried apartment projects to luxury townships.

Ambegaon is also close to the new MIDC in Shirval, which is a massive employment hub which has given rise to ever-increasing demand for both budget and premium homes here.

Some of Pune’s leading developers have responded to this demand with projects that bear the brand of reliability, are very suitably priced and additionally offer tremendous investment appreciation value.

The growth of Ambegaon has been partially because of the spill-over demand from Sinhagadh Road, which has developed very rapidly and seen unattractive price growth as a consequence.

But one of the leading factors for Ambegaon’s quick rise to fame has been the fact that it gives property buyers a diversified choice of homes, ranging from premium bungalows and villas to budget flats.

This location’s natural ambience and absence of congestion and pollution lend it a distinct aura of exclusiveness, simultaneously providing homebuyers a welcome option to live and raise their families in bracing, naturally blessed surroundings.

Residential areas with the kind of abundance of trees and green open spaces available in Ambegaon are home to healthier and happier people, and have a cooler climate than the inner-city concrete jungle.

It is no accident that Pune’s core city dwellers tend to be more susceptible to suffering from conditions like asthma, bronchitis and hypertension – most of the city’s previously splendorous green cover has been eroded by real estate development.

In contrast, Ambegaon is a haven of peace, calm and greenery – the hallmarks of Pune’s glory years.

Moreover, Ambegaon is constantly seeing upgradation of its support infrastructure by the Pune Municipal Corporation – a very important factor driving property investors’ interest in this location.

Investment appetite here is also because of the accelerated development of places like Bavdhan, Sinhagad Road, Wagholi, Bhugaon and Undri.

These locations have for long been catering to the demand for quality housing coming from employees of Pune’s Information Technology sector, but Ambegaon additionally gains from its proximity to the Pune-Mumbai Expressway, the famous Sinhagad Technical Institute and the Bangalore Bypass.

In other rapidly growing locations of Pune like Baner, Wakad and Hinjewadi, the predominant demand for investment properties comes from neighbouring Mumbai.

Ambegaon, on the other hand, has unique location advantages, Ambegaon is also a hot favourite with investors from cities like Sangli, Satara, Kolhapur and Shirval.

About The Author

Kishor Pate, Chairman & Managing Director of Amit Enterprises Housing Ltd. is the driving force behind one of the most successful real estate development firms in Pune and beyond. Apart from its signature luxury projects like Montecito in Sahakar Nagar and other premium gated townships, AEHL has also launched highly successful affordable housing projects like Astonia Classic and Colori in Undri and the Mediterranean-style township Astonia Royale in Ambegaon.

New Fuel For The Property Boom At Ambegaon

Kishor Pate 2Kishor Pate, CMD – Amit Enterprises Housing Ltd.

No discussion on Pune’s real estate boom areas is complete without an extensive examination of Ambegaon. This fertile and rapidly developing area is rapidly turning out to be among the most energetic property boom regions in Pune.

More of the city’s home buyers are now opting for properties in areas that offer uncluttered and bracing environment. Ambegaon is one of the most favoured locations in this respect, as offers generous greenery and hilly surroundings as well as excellent connectivity.

Ambegaon has also come into the limelight by emerging as a magnet for home seekers with religious inclinations. The Veeraliyam Temple located in Ambegaon, has by now been drawing worshipers from Pune, Mumbai, Chennai and beyond for over three years. Fully equipped with a ‘Goshala’, ‘Dharmashala’ and ‘Bhojanshala’, this very important Jain temple has a capacity to accommodate 500 visitors at a time and distributes ‘prasadam’ thrice a day. The temple was launched by its trustee Mr. Chhaganlal Gundesha, who donated his personal property for this unique place of worship which, though primarily for Mahaveer Jains, is open for all communities.

Likewise, Ambegaon will soon boast of its very own Swaminarayan temple – again primarily a major worship destination for Jains but an attraction for all religions. This temple will be spread over a massive 27 acres at Narhe, Ambegaon and be a focal point for followers from Gujarat, Mumbai and Pune.

Its development as a religious destination has added a completely new facet to real estate at Ambegaon and is now creating demand for homes across all typologies and budget segments. Yearly appreciation has so far been clocking in at between 20-25%, but with the arrival of these major temples, Ambegaon has now become an investment hotspot that will have few precedents in Pune over the next five years.

Historically, the real estate market in Pune is eminently suited for diversified offerings in a single location, and the areas that work best are those that offer buyers multiple options in terms of configurations, sizes, budgets and positioning.

Today, Amit Enterprises Housing Ltd. has recently launched new phases for both its budget homes project Astonia Royale and Bloomfield, the premium Singapore-themed township.

Amit's Bloomfield at Ambegaon
Amit’s Bloomfield at Ambegaon

Investors are increasingly attracted to the rapid growth of property rates in Ambegaon, which are fuelled both by its own inherent market drivers and the rapid development of areas like Sinhagad Road, Bavdhan, Wagholi, Bhugaon and Undri. These locations have been catering to the next wave of information technology-driven demand for homes and have appreciated considerably. Ambegaon already benefits from closeness to the Mumbai-Bangalore Bypass and NBN Sinhagad Technical Institute.

Also, Ambegaon is still the area of choice when it comes to natural ambiance, freedom from traffic congestion and pollution. This is an important factor for a real estate location, since green scenery and unspoiled surroundings attract demand for homes from all income segments. For all these reasons, Ambegaon has pulled ahead of most neighbouring locations and is attracting demand for ownership homes and investment properties from both within and outside the city.