Pune Real Estate – Green Is the New Gold

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

If we look at Pune’s real estate landscape, it is quite evident that the city has taken a hit in terms of its previously legendary green cover. This is of course unavoidable in the urban areas, which must accommodate the constantly growing population in the city.

This is the price we must pay for growth, which is ultimately good for the economy. However, there’s no escaping the fact that there is a deep link between green environment and the quality of living that a city’s residents enjoy.

Residential neighborhoods that are bestowed with trees, foliage, lawns and natural open outdoor spaces also have healthier and happier people. This is by no means just a romantic concept.

The existence of green spaces actually contributes to air quality, as trees and other greenery absorb toxic pollutants like sulphur dioxide, carbon monoxide, nitrogen, ammonia, nitric acid vapor and ozone – and give back life-giving oxygen. Greenery and green open spaces also play a major role in controlling urban temperatures.

Just a decade ago, Pune was known for its abundance of green cover, which generously embraced almost all of its residential areas. Today, a lot of this green cover has gone under the development hammer with the unconstrained proliferation of real estate and massive industrialization.

This, coupled with road development and the unbelievable increase in traffic movement within the city, has given rise to serious health issues now cropping up into once healthy neighborhoods.

As a result, today Pune’s citizens are far more prone to suffering from ailments like high blood pressure, bronchitis, asthma, depression and overall stress. A city that was once an epitome of modern natural living is now starved for oxygen and visual relief from the ever-expanding concrete jungle.

Though a green environment evidently benefits everyone, it is particularly important for the very young and elderly. Children obviously thrive most in green surroundings, and senior citizens living amidst sufficient greenery have fewer health problems and lead a considerably fitter lifestyle than those who live in an environment of unrelieved concrete inside the city.

The more the availability of greenery and green open spaces in a residential neighbourhood, the likelier it is for its residents to spend time outdoors and avoid a sedentary lifestyle.

Without a doubt, life in a city should not be merely about owning a beautiful home, but also about being happy and healthy. As the world continues its fight against global warming and urban areas grow, home buyers in cities like Pune are starting to prefer neighborhoods that have amenities like parks, gardens and enough natural green cover.

sahakar nagar pune
Sahakar Nagar, Pune

Locations like Undri and Ambegaon, where the benefit of protected green cover is still available, score high on their preference list – not only because of their greenery but also because they are also more price-friendly than the congested inner city areas.

These are also among the most preferred locations for property investors; as Pune continues to develop rapidly, its greener areas will eventually command premium prices.

After all, green cover is the pièce de résistance that gives luxury areas like Sahakar Nagar, Koregaon Park and Boat Club Road their unique appeal. And for home buyers, it’s not just about giving kids the opportunity to play outside but also living in a healthy environment – and a more active and vibrant community.

Green spaces in and around residential projects have been proven to bring people outdoors to engage in healthy interactions with neighbors. Common gardens and parks are spaces where people meet and spend time together.

Consequently, people who choose greener living spaces over concrete jungles enjoy better social bonding, are more concerned about the development of their community and neighborhood – and live longer and happier lives.

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.

Sahakar Nagar – Pune’s Most Aspirational Neighbourhood

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

Pune is witnessing a very high rate of cross-border cultural exchange, with an increasing number of its citizens traveling abroad even as more and more international tourists explore the city each year.

The IT culture, glitzy shopping malls boutiques offering the latest in global fashion trends and international schools are all part of this process of cultural homogenization. Pune has become a truly cosmopolitan city, thanks largely to the influence of its burgeoning IT sector.

Nevertheless, the historical Pune – the city which holds on to its traditional values and outlook – continues to exist. Because of the mass-scale development happening all of the city, it is less visible today than it was just ten years ago, but the spirit of Punyanagari lives on in its core areas.

Sahakar Nagar is perhaps the most prominent of these strongholds of Pune’s traditions.

Sahakar Nagar needs no introduction to citizens of Pune. This elite residential area is one of the oldest, greenest and most respectable addresses in the city. The area was developed after the 1961 floods in Pune, and has become a prominent location today.

Sahakar Nagar is home to some of Pune’s most established businesspersons, politicians and movers and shakers, and has been a very exclusive and largely closed real estate market for decades.

Simultaneously, Sahakar Nagar represents a unique balance because it has retained the city’s traditional Marathi culture while at the same time evolving to keep pace with the times.

Aerial view of Sahakar Nagar, Pune
Aerial view of Sahakar Nagar, Pune

From the outside, the tranquil dignity and old-world charm of this venerable residential location gives no visible indication of change. However, Sahakar Nagar has been seeing a constant process of reinvention which has resulted in excellent civil infrastructure.

This area is unique in yet another aspect. Because of the fact that the residents of Sahakar Nagar will never want to move anywhere else, getting a resale home here is a huge challenge. Also, since it is fully developed and occupied for several years now, there is next to no new residential supply.

Sahakar Nagar is one of the last predominantly end-user driven locations in Pune, though investors are always keen to make a play in this distinguished luxury neighbourhood. It is a genuine stronghold of the city’s elite and affluent families that has never been open to investors.

The past few years have seen no new projects at Sahakar Nagar because of the lack of land. The primary residential configuration at Sahakar Nagar is bungalows and villas, which comprise most of the housing landscape of this high-profile location.

The resident profile primarily reflects Pune’s orthodox Hindu Brahmin community, which has helped preserve Sahakar Nagar’s reputation as one of the last outposts of the city’s traditional roots.

The location itself is perfect. At a high elevation, it offers a breath-taking view of the Parvati/Taljai hill area as well as thick reserved forest lands. Bharati Vidyapeeth, one of Pune’s most upscale educational institutions, has its campus close by.

The Pune-Satara road provides ready access to Swargate Bus Terminus, a vital transit hub in the heart of the city, as well as other key areas of Central Pune. The Mumbai-Pune Expressway is within easy commuting distance via the Katraj Bypass. Sahakar Nagar is also within a stone’s throw from City Pride Cineplex, and has its own integrated high street shopping area which most of the local residents patronize.

Thanks to its unmatched locational advantages and also its unique profile, Sahakar Nagar is a highly aspirational luxury address. Due to scarcity of developable space, top-class projects in the area are a focal point for high-end investors as well as families looking for prestigious permanent residences.

With next to no availability of residential units of any kind, Sahakar Nagar’s status as a stronghold of Pune’s elite stands unassailable.

Amit Enterprises Housing Ltd. established its foothold in Sahakar Nagar back in 2007 with the launch of the luxury apartment project 9 Green Park. This project was completed in 2012 and is, not surprisingly, completely sold out and occupied. However, another luxury apartment project by AEHL now offers the hope of home ownership in Sahakar Nagar to Pune’s discerning few.

Montecito Entrance Lounge small

Montecito – located adjacent to 9 Green Park – enjoys the most spectacular view yet of Sahakar Nagar’s legendary natural splendour. This ultra-luxurious apartments project, spread over 4.3 acres of Sahakar Nagar’s most breathtakingly beautiful hilltop location, consist of two 16-storied towers that offer 64 apartments backed by five levels of reserved parking. This unique project is designed by none other than renowned architects Talathi & Panthaki.

Answering the call for luxury living in Pune’s most treasured and highly exclusive residential addresses, Montecito is AEHL’s final brush-stroke on a priceless masterpiece called Sahakar Nagar – a location that always has, and always will, capture the very essence of all that is truly Pune.

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 homes towers and 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.

Arcadia At Sahakar Nagar – Luxury Redefined In Pune’s Most Exclusive Neighbourhood

Kishor PateKishor Pate, CMD – Amit Enterprises Housing Ltd.

Pune’s rapid urbanization causes new areas to spring up as real estate destinations with every passing year. Simultaneously, the city’s population itself is becoming more and more homogenized, with traditional value systems giving way to a more modern, all-encompassing outlook.

Pune is witnessing a very high rate of cross-border cultural exchange, with an increasing number of its citizens traveling abroad even as more and more international tourists explore the city each year. The IT culture, glitzy shopping malls boutiques offering the latest in global fashion trends and international schools are all part of this process of cultural homogenization.

Nevertheless, the old Pune – the city which holds on to its traditional values and outlook – continues to exist. It is less visible today than it was just ten years ago, but the spirit of Punyanagari lives on in its core areas. Sahakar Nagar is perhaps the prominent of these strongholds.

In fact, Sahakar Nagar represents a unique balance because it has retained the city’s traditional culture and sophistication while at the same time evolving to keep pace with the times.

sahakar nagar pune
Sahakar Nagar, Pune

From the outside, the tranquil dignity and old-world charm of Pune’s most exclusive and desirable residential location gives no visible indication of change. Nevertheless, Sahakar Nagar as a real estate location has been seeing a constant process of reinvention.

The inherently high economic profile of this area has ensured that old residential buildings have been constantly redeveloped. This is largely because Sahakar Nagar’s elite residents themselves have a stake in preserving the ethos and viability of this locality. As a result, Sahakar Nagar has shown none of the signs of urban decay so common to most other areas where no new development is possible.

Aerial view of Sahakar Nagar, Pune
Aerial view of Sahakar Nagar, Pune

In fact, the past few years have seen no new residential developments at Sahakar Nagar because of the lack of land. Redevelopment and up-gradation of existing buildings is largely being undertaken by the area’s own HNI stakeholders. Against this backdrop, Amit Enterprises Housing Ltd is now developing what will literally be Sahakar Nagar’s last addition to this exclusive landscape.

Arcadia, in the final stages of completion next to AEHL’s previous project 9 Green Park, is spread over 4.3 acres of Sahakar Nagar’s most spectacularly beautiful hilltop location.

Arcadia, Sahakar Nagar, comprises of two high rise towers of ultra-luxury living spaces
Arcadia, Sahakar Nagar, comprises two high rise towers of ultra-luxury living spaces

Comprising of two high rise towers of ultra-luxury living spaces, each supported by multi-storeyed reserved parking, Arcadia will deliver 62 apartments to Pune’s most discerning home buyers in the city’s most aspired-for residential location.

Arcadia is the final brush-stroke on a priceless masterpiece called Sahakar Nagar – a location that always has, and always will, capture the very essence of all that is truly Pune.

Sahakar Nagar – Pune’s Blue-Blood Residential Location

Kishor PateKishor Pate, CMD – Amit Enterprises Housing Ltd.

Sahakar Nagar needs no introduction to Pune’s citizens. This elite residential area is one of the oldest and most respectable addresses in the city. However, those who are not familiar with the city may not even have heard of it.

This is because Sahakar Nagar, which is home to Pune’s hoi polloi – the most established businesspersons and movers and shakers – has always been an extremely exclusive real estate market for decades.

The primary residential configuration at Sahakar Nagar is bungalows and villas, which comprise most of the housing landscape of this high-profile location. The resident profile primarily reflects Pune’s traditional Maharashrian ethos, which has helped preserve Sahakar Nagar’s reputation as one of the last outposts of the city’s communal roots. At the same time, the population of Sahakar Nagar is distinctly cosmopolitan.

Sahakar Nagar is unique in yet another aspect. Because of the fact that the residents of Sahakar Nagar will never want to move anywhere else, it has no resale market. Also, since it is fully developed and occupied for several years now, there is next to no new residential supply.

Sahakar Nagar is largely driven by end users, but the investment potential is massive because of the lack of supply and very high demand for homes in this area.

The location itself is perfect. At a high elevation, it offers a breath-taking view of the Parvati hill area as well as thick reserved forest lands. Bharati Vidyapeeth, one of Pune’s most upscale educational institutions, has its campus close by.

The Pune-Satara road provides ready access to all key areas of Pun e, including Deccan Gymkhana, Swargate, Aundh, Camp and Koregaon Park as well as other key areas of Central Pune.

The Mumbai-Pune Expressway is readily accessible via the Katraj Bypass. It is also within a stone’s throw from City Pride Cineplex and has its own integrated high street shopping area, which most of the local residents patronize.

Thanks to its unmatched locational advantages and also its unique profile, Sahakar Nagar is an address that most Puneites have only been able to dream of. With next to no availability of residential units of any kind, its status as a stronghold of Pune’s elite stands unassailable.

The residential property prices in this exclusive location range between 12000-15000/square foot, but the prospects of obtaining a home here have so far been extremely restricted.

Amit Enterprises Housing Ltd. established its foothold in Sahakar Nagar back in 2007 with the launch of the luxury apartments project, 9 Green Park. This project was finished in 2010 and is, not surprisingly, completely sold out.

However, another upcoming luxury apartments project by Amit Enterprises Housing Ltd. still offers the hope of home ownership to Pune’s discerning few. Arcadia – located adjacent to 9 Green Park – enjoys the most spectacular view yet of Sahakar Nagar’s legendary beauty.

This ultra-luxurious apartments project has been designed by renowned architectural firm Talati & Panthaky – one of the country’s most selective architectural houses that has created some of India’s richest peoples’ homes.

Arcadia will consist of between 14-16 stories of residential apartments, backed up with seven stories of reserved parking. Arcadia will be a signature residential tower offering a distinctive final flourish to one of Pune’s most sophisticated and exclusive addresses.