Located in the Western Suburbs of the Pune city, Bhugaon is one of the most prime residential investment destinations amongst home buyers today. The area is surrounded by other posh locales like Baner, Pirangut, Aundh, Balewadi, and Karve Nagar. Because of its proximity to commercial centers of the Pune, the area is popular for investment when it comes to buying a residential unit. This is the main reason; the area has witnessed a growth of 5% Q-o-Q in the property prices.
Bhugaon is located alongside the Mulshi road and also offers seamless connectivity to Mumbai and surrounding regions via Dehu Road- Katraj Bypass and Mumbai-Pune Expressway. The locality also enjoys proximity to the IT hub and social hub of the city Hinjewadi and Baner which is just 17 and 13 km away respectively.
Bhugaon is also home to several leading educational institutions, Healthcare organizations, Banks, ATMs, malls and entertainment centers. Some of them include Ozone Mall, Pavillion Mall, Varad Hospital, Unique Multispeciality hospital, Orchid and Sayaji hotel, etc.
In recent years, due to the availability of large land tracts, many developers and realtors have attracted this locality to develop high-rise apartments and township projects.
According to a real estate expert, “At present, there are many ready-to-move-in residential units available in Bhugaon at an affordable price. This has called upon many end-users as well as investors to own a property in this locality at much pocket-friendly rates as compared to other posh and prime nearby localities.”
Currently, the average property price in Bhugaon is Rs 5,654 /Sq-ft. However, it hovers between Rs 4,534-6,773 per sqft. If you are looking to buy a 1 BHK unit will be easily available to you in a price tag of 35 lakh. On the other hand, a 2 BHK and a 3 BHK can be purchased within the range of 50-55 Lakh and 75 lakh -1 crore respectively.
Some of the completed and upcoming projects in Bhugaon area Skyi Songbirds, Whistling Meadows, Paranjape Forest Trails the Highlands, Abhinav the One, Aryavart Star Altair, etc.
In a way, Bhugaon has several options for a prospective homebuyer. With sound infrastructure and other proposed developments in hand, Bhugaon will definitely witness a good price appreciation of 20-30 percent in the future, suggests an expert.