Mundhwa an eastern suburb of Pune is bounded by the Mula River and Kharadi on its north, Manjri towards the east, Hadapsar in the south and Koregaon Park towards the west. The whole stretch of Mundhwa-Keshav Nagar is among the many areas in east Pune which has attracted the attention of many reputed real estate developers. This small stretch is a fast-developing location, as it offers a convenient drive to the city’s central business district, Camp and the Pune Junction. The property prices on the stretch are comparatively more affordable than Kharadi, Hadapsar and Koregaon Park. This locality is merely 4.2 km from Kharadi IT Park while 4 km from Magarpatta IT Park and this ensures steady demand of residential properties as well as rentals are concerned. Bharat Forge’s Special Economic Zone (SEZ) named as Khed City is the biggest SEZ in Pune, spread over 1000 hectares is located close to Mundhwa. Other important localities situated close to Mundhwa are Vadgaon Sheri, Kharadi, Amanora Park Town, Magarpatta City, Hadapsar, Keshav Nagar, Ghorpadi, Koregaon Park, Yerwada, Viman Nagar, Kondhwa, Dhanori, Lohegaon. This locality comes under Pune Municipal Corporation limits. It is one of the rare locations in Pune where buying a budget home in a strategic location is still possible. It is mainly a locality for mid-income and upper middle class home buyers where variety of new residential projects and resale options available to choose from. This locality is ideal for IT employees from the Magarpatta, Koregaon Park, Kharadi and Kalyani Nagar IT hubs, which are within few km away. Some of the key residential projects in Mundhwa are Venkatesh Graffiti, Vertical Oriana, Geras Misty Waters, Mantra Insignia among others.
Connectivity
PMPML & Rainbow BRTS buses frequently available from Mundhwa and connects the locality to the other neighbouring localities such as Vadgaon Sheri, Kharadi, Amanora Park Town, Magarpatta City, Hadapsar, Keshav Nagar, Ghorpadi, Koregaon Park, Yerwada, Viman Nagar, Kondhwa, Dhanori, Lohegaon etc.
Ghorpadi and Magarpatta are the two major internal roads to Mundhwa which further has its access with Mumbai Highway (NH 65).
The locality enjoys excellent connectivity to Pune International Airport which is located at a distance of 8.6 km via Beed-Ahmednagar-Pune Road/Mundhwa Kharadi Road.
Hadapsar, Ghorpuri, Pune Junction, Manjari Budruk are nearby railway stations to Mundhwa. However, Pune Junction is the major railway station to Mundhwa which is located at a driving distance of 8 km via Ghorpadi Main Road.
Factors for past growth
Its proximity to Bharat Forge’s Special Economic Zone (SEZ) along with Magarpatta, Koregaon Park, Kharadi and Kalyani Nagar IT Parks have been a plus point, driving residential demand and development as well as consistent rental yield.
Factors for future growth
With affordable property rates, availability of huge land parcel along with proximity to Pune International Airport and Pune Junction Railway Station will attract the middle-class homebuyers as the property rates in this stretch is still affordable compared to Kharadi, Hadapsar, Koregaon Park, and Magarpatta Park.
Planned roads and excellent infrastructure facilities have successfully established Mundhwa as a favorite destination in Pune. With an increase in the city’s population, the IT boom and a resulting large migrant population, the region has seen considerable rental demands for 1 BHK apartments in Mundhwa.
Employment hubs near Mundhwa.
Magarpatta City
EON IT Park
Rajiv Gandhi Infotech Park
MIDC Knowledge Park
Hinjewadi IT Park
International Tech Park
Hadapsar Industrial Estate
Cybercity
Infra Development (Social & Physical)
Mundhwa offers very good social infrastructure to its residents. Some of the reputed schools in Mundhwa include the Orbis School, Kidzee, KLAY Prep School and Day Care, Sarthi English Medium School, Lonkar High School, Euro Kids, Shanti Memorial School, Clara Global School among others. It also houses some quality educational institutions and colleges nearby. These are Pune Zilha Shikshan Mandal’s Law College, Shanti College of Commerce, K.J. Somaiya College, College of Events & Media Koregaon Park, Sadhana ladies College, Sadhana Vidyalaya and RR Shinde Junior College, PDEA’s Law College Pune etc.
Some of the leading hospitals in Mundhwa include Columbia Asia Hospital, Aditya Hospital, Life Care Multispeciality Hospital, Chaitanya General Hospital, Noble Hospital, Villoo Poonawalla Hospital, Lotus Hospital etc.
Seasons Mall, Nitesh Mall, Amanora Mall, Central Mall, The Pavillion etc. are some of the nearby mall which caters the daily needs of the residents of Mundhwa and Keshav Nagar. It also houses retail outlets of famous national and international brands such as Saira Retail Outlets, Cantabil Retail India Limited, Myjio Store, Pantaloons, Louis Philippe, Shoppers Stop, Max Fashion, Lifestyle Stores, The Arvind Store among few.