Viman Nagar falls around half a kilometer from the military air base which also serves as Pune Airport. It is located on the eastern corridor of Pune. Before independence, this area is known as Dunkirk Lines.
Viman Nagar is surrounded by some of the most luxurious localities of Pune, which includes Kalyani Nagar, Yerwada, Vishrantwadi, and Dhanori-Lohegaon. Because of its quality neighborhood, the area has seen lots of real estate development in last few years.
So let’s understand in more details that why Viman Nagar is emerging an attractive residential hotspot:
The area is well-connected to other parts of Pune and Mumbai through rail, road and air transport. It is about 8 km from Pune Railway Station and 0.5 km from Pune Airport. Apart from this, the Pune-Ahmednagar highway (MH SH 27) also passes through this area.
The area is home to some of the most reputed educations institutions like Symbiosis School for Liberal Art, Symbiosis Law School, and Air Force School falls in this area. The locality also boasts various other social infrastructure developments like leading hospitals and three prominent shopping malls.
Famous Aga Khan Palace and Fly India Paramotor Club (Paragliding) also lies in the vicinity. Udaan Biodiversity Park is one of the major landmarks of the area. The park has been developed in collaboration with the Pune Municipal Corporation and is a hub of medicinally therapeutic herbs (touch and taste), aromatic herbs (smell), the use of bird-friendly trees (sound) and a 500sqft water body (sight).
Many IT parks are also located in close proximity to the area. Due to which many home buyers are investing in residential properties.
Real estate market
The Pune-Ahmednagar highway MH SH-27 has increased connectivity in the area. In recent times, many real estate developers have come up with attractive projects at affordable rates too. The presence of the Pune Airport has also increased the commercial development, so much so that the commercial property rates are expected to increase significantly in the coming years.
Some of the prominent residential complexes which lie in the vicinity include Greenland, Amazon, Dreamland, Daffodils, Orchids, and Colonnade, and Konark Campus, Mystique Moods, Oakwoods, Gulmohar Royale, and Akshay Apartments
Property Price and Trends
Being one of the IT/ITeS hubs and industrial zones of Pune, Viman Nagar is developing at a fast pace and the government is planning to develop it further. The property prices here have almost doubled in last few years and are expected to boost further with more infrastructural developments.
Apartment prices are much affordable in this location which falls between Rs 6000 per sq feet to Rs 9500 per sq feet. The rented apartment will cost around Rs. 17 per sq. ft. for rent.