Pune, one of the biggest IT hubs and manufacturing hubs for the auto industry in the country, is now a city of choice for a wide variety of residential projects, too. With options available across various categories ranging from affordable to luxury, the city has attracted many developers and potential end-users as well as investors.

Pune, a city which has a multi-cultural vibe, attracts youth from across the country. To capture these new-age home buyers, Puravankara Projects Ltd has announced a project, Purva Silversands in Mundhwa.

PropGuide takes a closer look at the project:

The project

Purvankara Purva Silversands is an upcoming project that has been designed to attract modern-day home buyers, offering comfort and luxury. Sprawling over a land area of 20 acre, there will be 623 apartments in Purvankara Silversands. These apartments are a mix of 1BHK, 2BHK, 3BHK and 4BHK configurations.

The residential units here are available in sizes ranging from 603 sq ft to 2,161 sq ft. The project, which is going to launch very soon, will be ready for possession by December 2018.

The amenities that the project will offer include:

– Gymnasium
– Children’s play area
– Intercom facility
– Swimming pool
– Jogging track
– Multipurpose room
– Cafeteria
– Power backup
– Outdoor sports facility
– Rainwater harvesting system

The locality

Mundhwa is a residential locality surrounded by well-developed infrastructure towards the east of Pune. The area is bound by the Mula River on its north, Manjri towards the east, Hadapsar in the south and Ghorpadi towards the west. It is situated close to the prominent information technology hubs including Magarpatta City and EON IT Park. Its is in proximity to major locations including Koregaon Park, Keshav Nagar, Hadapsar and Kalayani has made this one of the most sought-after destination for property seekers.

The Pune Mahanagar Parivahan Mahamandal Limited-run buses connect the locality with the rest of the city. While the Pune airport is 7.6 kms from here along the New Airport Road, the Pune railway station is eight kilometres away along the Ghorpadi Road. This area is also well-connected to all the socio-infrastructural facilities such as educational institution, hospitals, shopping malls and multiplexes.

Some of the key locational advantages of Purvankara Silversands are:

– Educational institutions: Rise High School, Orbis School, Rajashree Shahu Maharaj Vidyalay, Lonkar School and High Shcool and Jagriti Public School
– Healthcare: Himadri Himani Ganga Hospital, Gaikwad Hospital, Bharti Hospital & Maternity Hospital, Columbia Asia Hospital and Specialty Hospital
– Key thoroughfares: The Mundwa-Kharadi roadway
– Recreational Centres: Inorbit Mall, Amanora Town Centre, Phoenix Market and Seasons Mall

Infrastructure & future prospects

Pune’s infrastructure is developing well. The Pune International Airport located at Lohegaon connects the city to all the domestic and international locations, while daily express trains connect Pune to rest of the India. The city also has the local trains that connect it to the industrial town of Pimpri-Chinchwad and the hill station of Lonavala.

Looking at the rising sectors, Pune Metro system has also been proposed and is being planned in consultation with Delhi Metro Rail Corporation Limited. With the developments in the infrastructure, the real estate in Pune has witnessed a high rise in demand.

The price

The apartments at Purvankara Purva Silversands are available in different configurations and sizes. The 4BHK units here are available in sizes 2,161 sq ft; 3 BHK units are available in 1,395 sq ft and 1,405 sq ft; 2 BHK units are available in 891 sq ft, 1,050 sq ft and 1,064 sq ft; and the 1 BHK units are available in 603 sq ft, 829 sq ft and 835 sq ft. All these apartments are priced at Rs 4,995 per sq ft.

The developer

Puravankara Projects Ltd, founded in 1975, is a leading real estate company in India involved in the development of both residential and commercial properties. The company has worked on projects ranging from affordable homes to high-end luxury apartments. The company operates overseas, too. It has operations in Saudi Arabia, Colombo and Dubai. It has completed 36 projects including commercial and residential, spread over 7.80 million sq ft.

PropGuide’s remarks

Parameters Remarks

Project Very good

Price Good

Locality Good

Developer Good

Overall recommendation

Now is the right time to invest in Pune as the city is only going to witness a rise in property prices with the growing demand for homes across categories.