If one looks at the way most cities in India have come up, one would see a trend. Most cities began as 2-3 areas getting merged to form its center, following which the influx of population saw the city expand in all directions, bringing more and more land and erstwhile villages in its fold. The city of Pune is no exception to this rule and among these villages, which is now an important part of the city’s ever-expanding skyline, is Pisoli in south Pune.
Pisoli has seen rapid development particularly in the last 5 years, as it and its popular neighbour Undri saw a heavy inflow of new residential projects and home buyers ready to snap up apartments in these projects. Today, Pisoli and Undri boast of projects by some of the country’s leading developers, apart from social infrastructure that would make more established areas in the city feel envious. In this article, we focus on the rise of Pisoli and what makes it such an attractive real estate destination.
PISOLI: LOCATION & CONNECTIVITY
Pisoli is located in south Pune, along the Katraj-Hadapsar bypass road and comes between the areas of Kondhwa and Undri. This proximity to Kondhwa (4 km) and also Hadapsar (10 km), which are both industrial hubs, attracts spillover demand for homes from people working in these areas. However, the main customer segment for properties here are the techies working in the IT hubs of Magarpatta City (11 km), SP Infocity (10 km) and even Kharadi (15 km), who find this area to be affordable and not too far from their workplace either.
Pisoli has also attracted interest from people residing in the saturated areas of Wanowrie, Salunkhe Vihar and NIBM Road, who can get a larger apartment here at a cheaper rate. What also works in its favour is its proximity to the popular shopping destination of MG Road (10 km). Since Pisoli was made part of the Pune Municipal Corporation, the area has seen improved connectivity by PMPML buses, though the frequency needs to improve a bit more.
The roads here are currently being developed and expanded to boost last mile connectivity. While the nearest railway station is Sasvad Road (6.5 km), Pune railway station (12 km) is a far more convenient railhead for residents. Pune Airport is 18.5 km from here. However, the upcoming new airport in Purandar promises to be a game-changer for Pisoli, being one of the nearest areas to it and housing demand is likely to get a major boost as a result.
PISOLI: SOCIAL CONVENIENCES
While Pisoli may be an upcoming real estate destination, residents of this area benefit from numerous social amenities present in its developed neighbourhood, which includes Undri, NIBM Road, Kondhwa and Wanowrie. Some of the best schools in Pune are within a very short distance of Pisoli, the most notable among them being Bishop School (1.5 km), Euro School (1.5 km), Sanskriti School (2.5 km) and Delhi Public School (4 km). Among the colleges near here are Sinhgad College of Commerce (2.5 km), Sinhgad Academy of Engineering (2.5 km) and Trinity Academy of Engineering (5.5 km).
Medical care facilities around this area too are plenty and include Sofia Hospital (4 km), Satyanand Hospital (5.5 km), Ruby Hall Clinic Wanowrie (6.5 km) and Inamdar Multispecialty Hospital (8 km). Some of the city’s best malls such as Kumar Pacific Mall (9.5 km), Seasons Mall (12 km) and Amanora Town Centre Mall (12 km) are also easily reachable from here.
PISOLI: AFFORDABLE APARTMENTS
Probably the biggest factor, which drives interest in properties in Pisoli is the vast number of projects coming up and the affordable rates that apartments in these projects have. The property rates in Pisoli are much lower than the saturated areas of Wanowrie, Kondhwa and NIBM Road and are also lower than Undri next door. Most of the projects here are apartment projects of 1, 2 and lately of 3 BHK configuration. The average price for a multistorey apartment here is approx. Rs. 4300/sq. ft.
One can get a 1 BHK apartment here for a starting price of approx. Rs. 22 lakh, while the starting price for a 2 BHK and 3 BHK apartment here is Rs. 32 lakh and Rs. 55 lakh respectively. Very few areas in and around Pune offer apartments at such low rates and unsurprisingly, the demand for housing is quite high. This high demand, in turn, is likely to lead to sharp price appreciation in the near future, which is beneficial if one is an investor.
PISOLI: IN NATURE’S LAP
Another plus point of living in Pisoli is the natural beauty which surrounds it. The lovely Sahyadri Hills overlook this area and are a sight not to be missed, particularly during the monsoon season, when they contain waterfalls. In addition, the traffic around this area is much lesser than other parts of the inner city. Hence, residents can lead a quiet and relatively pollution free life in the lap of nature.
PISOLI: UPCOMING RESIDENTIAL PROJECTS
Gagan Properties are among the leading developers in the city of Pune, with a number of residential and commercial projects in their portfolio. Specializing in providing luxurious yet value for money homes, Gagan Properties have invested heavily in Pisoli, with many of their projects coming up here.
Gagan Renaissance is a premium project with ready to move in homes, which include 1 BHK (carpet area: 510 sq. ft.), 1.5 BHK (652 sq. ft.) and 2 BHK (770 – 865 sq. ft.) apartments. This project offers amenities such as a clubhouse, swimming pool, party lawn and an amphitheater. One can get an apartment in this project, in a price range from approx. Rs. 30 lakh to Rs. 50 lakh.
Gagan LaWish is another project in Pisoli by Gagan Properties. This project includes 3 residential blocks, of which 2 blocks are ready to move in and 1 is under construction. It offers large and spacious homes of 1 BHK (carpet area: 528 – 538 sq. ft.), 2 BHK (744 – 874 sq. ft.) and 2.5 BHK (1024 – 1072 sq. ft.). The complex boasts of large entrance lobbies, a well-equipped clubhouse, an amphitheater, children’s play area and a party lawn. An apartment here is available in the range of approx. Rs. 32.5 lakh to Rs. 62.5 lakh.
Move a bit further and one comes to Gagan Cascades. This project, located right next to the surrounding hills, promises to offer a comfortable living environment. The apartments here are of 1 BHK (carpet area: 426 – 470 sq. ft.) and 2 BHK (614 – 769 sq. ft.) configuration. This project is currently under construction, with possession expected to be handed over by June 2018. The price range of an apartment here is approx. Rs. 28.9 lakh to Rs. 48.3 lakh.
One can say that Pisoli clearly has a lot to offer to prospective home buyers in southern Pune. Be it its location next to the hills, its connectivity to important shopping and transportation hubs, the good network of social infrastructure around it combined with the affordable property prices and it’s not hard to see why developers and home buyers alike have been making a beeline to this fast emerging area. Looking forward, one can see plenty of further developments coming up, which will further position Pisoli as an area of choice.