Viman Nagar, Pune, an area that was little more than a jungle 14 years ago, has made amazing strides forward in terms of development and social ambience. Located in the eastern corridor of Pune,it has got its name from the air force station that’s present there.
Named for its proximity to the Lohegaon Airport,Viman Nagar offers excellent connectivity by virtue of regular bus routes and a much-improved road network.Since it is the first major locality one reaches from the vibrant Dhole-Patil Road,it is far from isolated in spite of the distance from the central city. It can be easily reached from the airport as well as the railway station,and this is one of its most powerful selling points.
Viman Nagar is just half a kilometer from the Pune airport and six kms.from the Pune Railway Station. Also,with the Air Force and Army camps hemming it in from three different sides,Viman Nagar is one of the safest residential and commercial localities in Pune.
Property rates at Viman Nagar have been rising steadily over the past five years,thanks to the multitude of marker drivers creating ever-increasing demand for properties there. “The property rates at Viman Nagar range from Rs.6000-8000 /sq.ft,depending on exact location and project specifications.However,since this is an old market,a number of resale properties are also available at lower rates,”says Sanjay Bajaj,Managing Director – Pune,Jones Lang LaSalle India.
According to Vishwajeet Jhavar,CEO,Marvel Realtors,Viman Nagar is doing very well in terms of the development of the area. “We have two large commercial spaces in the area,Marvel Trueno and Marvel Edge and Marvel Sonnet,a high end residential project. Apart from this,we are coming up with another 14- acre residential project in this area,”he says.
Jhavar points out that the main reason for the growth and development of the area is the emergence and establishment of six IT parks,numerous office spaces,malls and other retail outlets and Viman Nagar’s proximity to places like Koregaon Park and the airport.With the abundance of retail outlets,Viman Nagar can be considered as the new commercial district of Pune,in the near future.
The Pune Municipal Corporation (PMC),under whose jurisdiction the area falls,has spiced up the deal for home buyers by establishing a Jogger’s Park in the residential nexus. Further bonuses are the nearness of major medical establishments like Ruby Hall and Jehangir Hospital.
Kishor Pate,Chairman and Managing Director – Amit Enterprises Housing Ltd.says,”Initially,Viman Nagar become more important on the Pune real estate market because of its proximity to Kalyani Nagar.However,today it has extremely good residential infrastructure,and is still the one of the most preferred areas of residence for immigrant software professionals.”
In terms of environment and infrastructure,Viman Nagar has progressed quickly because of the major IT Parks present there that assumed responsibility of developing the roads close to their projects. Today,Viman Nagar has major IT establishments,starting from Raheja Commerzone at Yerwada to Vascon’s Weikfield IT Park and Kolte Patil’s Giga Space at Viman Nagar and Panchshil Realty’s Tech Park at Airport Road. The retail and hospitality industry is also established very well along Nagar Road and so there are plush malls and hotels present there.Some of the prominent malls in this area include the Inorbit Mall,Phoneix Market city.Hyatt,Ibis and Estique are some of the hotels present here.
Viman Nagar is today firmly one of the top five in the list of desirable residential and corporate addresses and is a place that can definitely give home-buyers huge returns on their investment.
Alok Kumar Upadhayay
Real Estate Professional