Baner: Pune’s Lifestyle Hotspot

17 February 2024

What comes to mind when you think of entertainment, cosmopolitan lifestyle and exceptional living in Pune? Baner, without a doubt! Baner has risen dramatically in the last decade or two as one of Pune’s most affluent cosmopolitan neighbourhoods. Baner, located in Pune’s North West, is home to some of the city’s most prominent housing complexes, businesses and brands, restaurants and cafes, entertainment centres, and more. If it is about over-the-top living and luxury, Baner definitely tops the list!

• Baner – Transformation

Baner today is synonymous to an upscale lifestyle, a thriving social ecosystem, refreshing natural surroundings, pulsating social and entertainment destinations, smooth connectivity and much more.  However, it wasn’t so few years ago. Baner has transformed from a quaint little town to a sought-after destination for living and business today. Following Pune’s real estate boom in recent years, Baner was catapulted into the real estate spotlight as a residential as well as commercial destination. The growth of IT companies and commercial developments has made both living and working stress-free at Baner.

• Baner – Connectivity

Baner, located in North-West Pune, is a bustling residential and commercial neighbourhood, accessible by road via Baner Road, Mumbai Highway (NH-48), and Pashan-Sus Road. The strategic location of Baner close to the Mumbai-Bangalore highway and the important city areas such as Aundh, Balewadi, Sus, Pashan, Wakad, Hinjewadi, Shivajinagar etc. makes it a magnetic address, perched in the middle of urban conveniences such as revered hospitals, schools, educational institutes, shopping malls, restaurants and more. The Government-run local buses operate at all times to connect Baner to other parts of the city. From Baner, one can conveniently get to the Pune Junction Railway Station (12 km) and Pune International Airport (18 km) within an hour’s time. In the near future, the planned Metro line 3 (Hinjewadi Phase III – Civil Court) will help substantially enhance Baner’s physical infrastructure and connectivity.

• Baner – Lifestyle

Everyone in the family will have something to do in and around Baner! From senior citizens to young adults and children, Baner promises a hoard of engagement opportunities for people of diverse age groups and interests. The existing and upcoming residential developments at Baner are truly new-age and are designed to make the most of the urbane locale. The projects are mostly tall towers that promise scintillating views of the city and the natural greens of Baner Hills. Life at Baner is complete in a broader sense and is ready for delivering luxury and well-being. Whether it is about everyday needs or regarding access to good educational institutions, healthcare facilities, superstores, hospitals and pharmacies, everything is easy here. Baner is an epicentre of dynamism and convenience.

• Baner – Convenience

The Baner neighbourhood is well-known for combining the best of both worlds – the allure of serene surroundings with the approachability to the most up-to-date conveniences. While there are scenic views of the hills, access to clean fresh air and quieter surroundings, there is also the ease of exploring entertainment and engagement destinations at the Balewadi High Street. A good rental yield and an assured return-on-investment are factors that put a premium on Baner for real estate investment. To ensure that perceptive, modern dwellers have access to the best housing infrastructure at Baner, leading real estate developers are continually innovating to introduce life-centric residential projects at Baner with thoughtfully-designed homes, premium amenities and delightful living experiences.  

• Baner – Nature

Baner offers a wealth of opportunities for physical activities like hiking, cycling, or simply enjoying leisurely walks because it is tucked in nature and close to parks and natural green spaces. The calm and peaceful surroundings of Baner’s natural landscapes promote tranquilly and rejuvenation and offer a welcome respite from the bustle of daily life. The lush, verdant, gently rolling hills, known as the Baner Hills, charm both locals and tourists. Baner Hills is a retreat for those who love the outdoors. The enticing sunsets and natural grandeur of the hills invite locals to enjoy quiet moments in sync with nature.

• Baner – Growth and Appreciation

In the last decade, about 140 residential projects with close to 11,700 units have been launched in Baner. Since 2021, the number of launches has been on the rise.  The real estate opportunities provided by the expanding real estate market in Baner and the surrounding area have attracted more than 115 developers, large and small. The majority of these apartments have been between 1000 square feet and 1500 square feet and cost INR 75 Lacs to 1.5 Cr.  The luxury segment of properties in Baner has seen the greatest supply and demand, placing a premium on the area’s liveability and likeability. As shown in the graph below, the average price per square foot is consistently rising in this micro market and around.

Baner has a varied selection of housing options to cater to various budget groups, ranging from affordable apartments to extravagant villas. Because of this assortment, real estate developers and marketers can target a diverse range of homebuyers and investors, making it a versatile and vibrant market. With your own home at Baner, bid goodbye to landowner hassles, financial uncertainties, lifestyle compromises, and say hello to safety and security, upmarket lifestyle, and your own dream home!

Data Source: www.propequity.in