Kharadi, Wagholi and Hadapsar—the industrial belt of Pune--has now attracted the attention of real estate developers. The major reason for development in this area is the proximity to the airport and railway station.

The area enjoys proximity to the airport and railway station and is also close to the plush upmarket residential areas of Kalyani Nagar and Koregaon Park. These are the regions, which offer availability of land; the most critical factor contributing to the real estate costs. Industrial houses such as Renault and Tata are setting up plants in this area.

Kharadi already has an IT Park and the BPO industry is centered around the locality of Kalyani Nagar. According to experts, a large number of employees working in the companies around wish to stay in the vicinity, and this is why, demand for residential properties is likely to remain upbeat in the aforesaid locations.

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