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Apartments in Dighi appreciate by over 21%

Situated towards the northern region of Pune city, Dighi is a tiny locality that is governed by the Pimpri-Chinchwad Municipal Corporation of Pune District. Surrounded by two rolling hills, the neighbourhood is dotted with many tree covered boulevards and boasts of pleasant climate year around.

While one hill has many religious worship places, the other is administered by the Indian Army. The locality is ringed by Dhanori in the south, Landewadi in the west, Lohegaon in the east and Wadmukhwadi towards the north. Some of the sub localities of Dighi include VSN Old Colony, Shri Ganesh Colony, Samarth Nagar, Dighi Gaonthan and Dighi Hills.

Connectivity

  • Despite being 14 kilometers away from Pune city, the area enjoys great connectivity. A number of arterial roads like National Highway 50 help improve access to Pune and Nashik
  • Other major connectors like St. Gyaneshwar Road, Bhosari Alandi Road and Alandi Road enhance intra-connectivity
  • Providing its residents a hassle-free commute are the PMPML operated (Pune Mahanagar Parivahan Mahamandal Limited) buses
  • Some of the important transit points in and around the locality are Datta Nagar, Alandi Road, Shastri Chowk and Centurenca Colony
  • The Pune International Airport is situated about 8 km away and one can reach the airport using the Alandi Road
  • Although the neighbourhood does not have a railway station of its own, the Pune Railway station is just about 13 km
  • Some of the suburban railway stations nearby include Kasarwadi, Dapodi and Khadki and are located at a distance of about 12, 10 and 12 km respectively
Budget Preference of Buyers – Dighi

Infrastructure

  • Commercial developments along Pune-Mumbai Expressway and the Airport Road are captivating many potential home buyers’ minds
  • The operational Nasikh Phata flyover has reduced travel time to IT parks like Hinjewadi by half, thereby luring many working professionals to shift base here
  • The proposed expansion and widening of a number of roads has attracted many investors and real estate developers
  • The proposed BRTS (Bus Rapid Transport System) network will be a major boon to the locals as the routes will link a number of important localities like Pimpri-Chinchwad to Dighi
  • Some of the prime reasons for the rise of Dighi are – presence of many renowned educational institutions like the College of Military Engineering and Army Institute of Technology,  presence of reputed hospitals and healthcare facilities, developing social infrastructure, pollution free living and abundance of water supply
  • The factors make it ideal for students, families, retired personnel and IT professionals
Unit Size Preference of Buyers – Dighi

Real estate Scenario

  • The locality has seen steady demand from both builders as well as property seekers
  • There are over 20 to 25 new projects that are under construction and over 50 projects that are complete
  • 90% of Residential properties in Dighi majorly consists of multistorey buildings
  • With the luxury segment not finding any takers, builders are now concentrating on providing smaller homes to the MIGs
  • Dighi’s proximity to Hinjewadi and MIDC (Maharashtra Industrial Development Corporation) has lured many IT professionals and MIDC employees to hunt for homes here
  • According to data capital values of apartments have appreciated over 21% in the past two years
  • The current ongoing price for apartments are expected to hover anywhere between INR 3,600 and INR 4,700 psft
  • Property prices for residential plots are expected to cost an average of INR 1,600 psft
  • The high ROI is luring many investors and second time home buyers to invest in apartments in Dighi

Download the Solid Grounds Micro Market Report on Dighi here.

You can also track the price trends of micro markets in Pune by clicking here.

Image: Dighi Hills: By Rockwithvinit (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

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