Mohammadwadi becomes investment hotspot in Pune

Mohammadwadi came under the Pune Municipal Corporation (PMC) in the year 1997 and infrastructural bottlenecks are steadily being resolved in the area at present. There are several high end residential projects that are coming up in this suburban zone which is dotted with beautiful hills and lovely forests. Mohammadwadi is located in Pune’s south-eastern fringes and contains a whopping 200 acres of forests under the aegis of the National Institute of Bank Management (NIBM). The area is bordered by Undri and Kondhwa and is steadily becoming a real estate hotspot. Mohammadwadi was a solitary Panchayat area till the year 1996 and is now attracting more homebuyers on account of its future potential.

Mohammadwadi offers great connectivity to the Solapur Highway, Lohegaon Airport (via the Hadapsar-Kharadi Bypass), Kondhwa-Katraj Bypass and the Mumbai-Bangalore Expressway. The area is also well linked to suburban zones like Pisoli and Hadapsar. The area is witnessing the influx of retired civil servants, defence personnel, businessmen and IT professionals. Skyrocketing real estate development has transformed the entire locality and the PMC is now providing the basic civic amenities and other infrastructures.

Dorabjee Estates was one of the earliest realty developers in the area and has contributed towards its development into one of Pune’s best suburban locations. The area is home to several reputed entertainment zones, restaurants, educational institutions and supermarkets. There are a few infrastructural issues in Mohammadwadi which are steadily being resolved including the supply of adequate drinking water, street lighting and road infrastructure. The average property prices in Mohammadwadi are quite reasonable as well. Commercial prices have gone up while residential prices are also poised to increase once all major infrastructural developments are completed.

Mohammadwadi has a hilly texture in some areas and is also home to the Dorabjee Mall. The area is home to several trees and also has a reserve forest zone. 46 acres of this reserve forest land have been transformed into a beautiful nature park which is named Anand Van. The name has been taken from Anand Mitra Mandal which is a leading NGO that works for conserving reserve forests in Mohammadwadi. There are 8 water tanks which have been built in several locations in the area. Several reputed real estate developers like the Raheja Group, Nyati Group, VT Palrecha, Jehangir Dorabjee, Acropolis Purple Construction, Marvel Realtors and the Clover Group have come up with premium housing projects in Mohammadwadi. There are several investors from many parts of Maharashtra, particularly Mumbai, who are investing in top-notch commercial and residential real estate in Mohammadwadi.