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What’s driving real estate in Talegaon

Cited to be an area of historic importance located in the northern region of Pune, Talegaon is encircled by Akurdi in the north, Somatne Phata in the south, Induri in the east and Vadagaon towards the west. The suburban locality is a Municipal Council governed under the Mawal Taluka of Pune district. Indrayani River flows from the northern region to the eastern side of Talegaon- making it a picturesque neighbourhood. Some of the important sub localities here are Begade Aali, Yashwant Nagar, Swaraj Nagari, Varale, Malwadi and Vatan Nagar.

Connectivity

• Some of the arterial roads that pass through Talegaon include, National Highway 4 (AH 47), Old Mumbai Pune Highway and Talegaon Chakan Road
• Other minor roads that help improve intra-connectivity are Maruti Mandir Road, Yashwant Nagar Approach Road and Talegaon Dhabhade Road
• The Mumbai Pune Expressway is about 4 km away from Talegaon
• Despite the Pune International Airport being 40 km away, one can reach there in about an hour via the Old Mumbai Pune Highway, the Dehu Alandi Road and the Airport Road
• Talegaon Dhabhade and Ghorawadi Railway station are the 2 railway stations that are located well within the area
• All the major suburban trains and a few express trains running between Pune and Lonavala stop here
• The nearest IT Park to Talegaon is Hinjewadi which is about 25 km from here. The well laid Dehu Road and the Mumbai Pune Expressway helps ferry many IT employees
• Via the Mumbai Pune Expressway, Mumbai is just 120 km from Talegaon

Talegaon

Infrastructure

• Proximity to the Talwade-Maharashtra Industrial Development Corporation has drastically increased the realty worth of properties in Talegaon
• Agro based industries and various automobile companies are a major source of employment here
• The existence of many reputed automobile companies in MIDC has attracted a lot of foreign investment
• The 300 acre Floriculture park here developed by the MIDC has helped the locality’s realty estate market
• The presence of various reputed educational institutions and health-care facilities has made the locality an ideal destination for families

Real estate scenario

• Availability of large tracts of land and the scenic view have made the locality a vacation destination. The concept of holiday/vacation homes has caught on here
• Reputed builders are now tapping the realty demand and are coming up with many new projects in Talegaon
• According to the current market trends, the micro market is all set to have 50 new projects. The distribution of apartments in the vicinity is the highest, followed by independent homes and residential plots
• Talegaon’s proximity to various IT Parks and automobile industries have enticed many working professionals to shift base here
• Average unit size of apartments here is cited to be 2,500 sqft and they are estimated to cost an average INR 4,000 psft
• The property prices of villas here are estimated to hover between INR 3,600 and INR 6,200 psft
• The availability of land in large parcels has escalated capital values, and on an average, plots here are sold at INR 1,800 psft
• Apartments, builder floors and independent homes have documented high return on investment here
• In a span of just 1 year capital values of these property types have appreciated by over 9%, 8% and 11% respectively
• With the housing demand being driven by many IT professionals, the locality has become a robust rental market
• In the last quarter, apartments here have been able to generate a rent of INR 8 psft per month
• The micro market is fast becoming a good retirement destination for many senior citizens

Download the Solid Grounds Micro Market Report on Talegaon here.

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