Viman Nagar and Kalyani Nagar are the two booming localities in eastern Pune that witness high realty traction. 99acres shares a comparative analysis between these residential sub-markets, aiding the end user to make an informed choice in keeping with their lifestyle and preferences.
Running along the eastern stretch of Nagar Road (Pune-Ahmednagar Highway), Viman Nagar and Kalyani Nagar are the two established residential hubs that observe high realty demand. Presence of huge IT market, robust infrastructure and important institutions like medical centres, schools and entertainment options keep the realty afloat in both the sub-markets.
According to Sarfaraz, Gemini Properties, Pune, “In the eastern corridor of Pune, Viman Nagar and Kalyani Nagar are the preferred destinations to buy and rent among the end users.” However, Viman Nagar is located at the city fringes and offers comparatively affordable residential alternatives to investors unlike Kalyani Nagar.
Location and infrastructure
Viman Nagar is a well-developed residential market situated between city centre and a prominent IT hub at the city fringes, Kharadi. It houses two biggest malls of Pune, Phoenix Market Mall and Inorbit Mall and has several popular educational institutions like Delhi Public School, Centre of Management Studies and Symbiosis College. In addition, the locality is surrounded by army camps and air force camps on all three sides that makes it one of the safest localities in Pune. Neighbourhood destinations include emerging IT hubs, Mundhwa and Hadapsar.
Kalyani Nagar is a premium residential market located close to city centre. It is a prominent IT and ITeS hub and has several commercial shops and small markets but lacks presence of any renowned malls. Banks, schools and colleges are also located here that adds to the overall attractiveness index.
According to experts, Viman Nagar has grown to be the most sought-after destination for investors owing to its low property prices. According to 99acres, the average property prices in Viman Nagar is from Rs 7,700 per sq ft to Rs 7,900 per sq ft. Major residential demand in Viman Nagar arises from working professionals, either married or bachelors, planning to have a property in their name. 1BHK and 2BHK units are preferred over bigger spaces.
While, in Kalyani Nagar the average capital values range between Rs 9,000 per sq ft and Rs 10,000 per sq ft. Property rates in Kalyani Nagar are higher because of the amenities and facilities offered in the residential space. Most of the properties constructed in Kalyani Nagar are new projects that include host of facilities.
Most of the tenants prefer newly constructed spaces because of low maintenance costs involved and as Viman Nagar has limited supply of new inventory owing to its saturation, Kalyani Nagar has an edge over the former, share experts.
USP - Connectivity
On connectivity and transportation parameter, both the localities are on par with end user’s expectations. Round-the-clock accessibility to auto rickshaws and buses at short intervals and proximity to Pune airport and railway station ensure hassle-free travelling. In addition, arterial Pune-Ahmednagar highway also pass through these localities that start from Yerwada and reaches Wagholi.
However, traffic woes are the major concern for residents in Kalyani Nagar. The locality experiences heavy congestion near its exit points at Bishop School and Shastri Nagar, whereas Viman Nagar ensures traffic-free roads. Hyatt Road, Phoenix mall road and Airport road form three exit points from Viman Nagar that distribute the vehicular load, and ensure smooth drives.
Kalyani Nagar scores over Viman Nagar in public utilities especially, water supply. According to Groundwater Surveys and Development Agency, the water level dipped by 100 ft in Viman Nagar in March 2016. Water shortage occurred majorly owing to the road concretisation that led the fall of water table below the submersible pump.
According to experts, Viman Nagar is an affordable residential market for end users who are working at Kharadi and wish to stay close to city centre. While, Kalyani Nagar is a posh locality that serves individuals on the lookout for state-of-the-art amenities and facilities within the residential spaces and prefer to live near Koregaon Park and Viman Nagar.