Mumbai and Pune are two of Maharashtra’s most vibrant cities that have long been at the forefront of India’s economic growth. While Mumbai is known as the financial capital of India, Pune is popular as an educational and IT hub. The Mumbai-Pune corridor connects these two cities. The area alongside this expressway is flourishing as a thriving residential and business hub, attracting professionals and entrepreneurs.
Read along to explore the increasing preference among business owners and professionals for living in Mumbai while managing businesses in Pune. Here’s more about premium properties near the Mumbai-Pune Expressway that cater to luxury buyers seeking an ideal balance between work and lifestyle.
Mumbai-Pune Expressway: A Strategic Residential and Business Hub
Check out the factors why the Mumbai-Pune Expressway is emerging as a flourishing residential and business hub.
Importance of the Mumbai-Pune Expressway
The Mumbai-Pune Expressway opened in 2002, connects two major economic centres of India. This six-lane concrete expressway has reduced travel time between these cities, making it easier for professionals to commute daily. The expressway covers about 94 kilometres and allows vehicles to travel at high speed, which has transformed the way people live and work.
In addition to this, several key infrastructure projects are underway to enhance connectivity further. Projects such as the Navi Mumbai International Airport and various metro rail initiatives strengthen the region’s transport network, making it even more attractive for residents and businesses alike.
Advantages of Living Near the Expressway
Living near the Mumbai-Pune Expressway offers numerous advantages:
- Reduced Travel Time: With efficient connectivity, residents can commute between Mumbai and Pune in less than two hours, allowing for a better work-life balance.
- Proximity to Major Commercial Hubs: The expressway provides easy access to significant commercial areas such as BKC (Bandra Kurla Complex) in Mumbai and Hinjewadi in Pune, making it convenient for professionals working in these districts.
- Enhanced Lifestyle Amenities: The corridor is home to many modern amenities, including shopping malls, schools, hospitals, and recreational facilities. This ensures that residents have access to everything they need for a comfortable lifestyle without moving far from home.
Read Also: Breaking Down the Costs: What to Expect When Buying a Luxury Apartment
Top Locations for Premium Properties Along the Expressway
Here are the top locations in Mumbai that serve as the ideal spot for business and commercial hubs:
Navi Mumbai
Navi Mumbai is rapidly emerging as one of the most sought-after luxury residential hubs in the region. With its meticulously planned infrastructure, ample green spaces, and proximity to both Mumbai and Pune, Navi Mumbai offers an ideal living environment for affluent buyers.
The area boasts several premium residential projects featuring state-of-the-art amenities such as swimming pools, clubhouses, fitness centres, and landscaped gardens. Notable neighbourhoods like Kharghar, Panvel, and Vashi are particularly popular among luxury buyers due to their strategic locations and high-quality living standards.
Lonavala and Khandala
For those seeking a serene escape from city life, Lonavala and Khandala are perfect choices. These picturesque hill stations are located just off the expressway and are ideal for second homes or weekend getaways. The scenic beauty of these areas is complemented by a range of luxury properties, including gated communities and premium villas that offer breathtaking views of the surrounding hills.
Living in Lonavala or Khandala allows residents to enjoy a peaceful lifestyle while still being within easy reach of both Mumbai and Pune. The cooler climate and lush greenery make these locations particularly appealing for families looking for a tranquil retreat.
Pune’s Outskirts Near the Expressway
The outskirts of Pune are witnessing significant growth as emerging hotspots for luxury living. Areas like Baner and Wakad have become increasingly popular due to their strategic location near the expressway. These neighbourhoods offer a variety of luxury apartments equipped with modern amenities while being close to Pune’s bustling business districts.
Baner is known for its upscale residential developments that cater to affluent buyers looking for spacious homes with contemporary designs. Wakad, on the other hand, has seen rapid development with numerous residential projects offering high-end facilities such as gyms, swimming pools, and landscaped gardens.
Features Defining Premium Properties Near the Expressway
Following are the features that increase the demand for properties near the Mumbai-Pune Expressway:
Accessibility and Connectivity
One of the defining features of premium properties along the Mumbai-Pune corridor is their excellent accessibility. These properties are strategically located near major highways, airports, and business zones. For instance, residents can easily access the Chhatrapati Shivaji Maharaj International Airport in Mumbai or the upcoming Navi Mumbai International Airport within a short drive.
Moreover, upcoming infrastructure projects like metro extensions are set to enhance connectivity further. This will not only improve commuting times but also increase property values along the corridor.
Luxury Amenities
Luxury properties near the expressway are characterised by their exceptional amenities that cater to affluent lifestyles. Many developments like Rustomjee feature smart home technologies that allow residents to control lighting, security systems, and climate from their smartphones.
Additionally, gated communities often come with private recreational facilities such as swimming pools, gyms, tennis courts, and landscaped gardens. These amenities provide residents with opportunities for relaxation and socialisation without having to leave their homes.
Investment Potential
Investing in premium properties along the Mumbai-Pune corridor presents significant potential for returns on investment (ROI). The demand for luxury properties in this area has been steadily increasing due to its strategic location and high-quality living standards.
Recent trends indicate that property values along this corridor have appreciated significantly over the past few years. As more professionals seek homes that offer both comfort and convenience near their workplaces, investing in this region can yield substantial financial gains over time.
Read Also: Investment Analysis: Premium Properties in Mumbai vs Pune Real Estate Market
Choosing the Right Property Along the Corridor
Here are some of the tips for choosing the right property along the Mumbai-Pune Expressway:
Factors to Consider
When selecting a property along the Mumbai-Pune corridor, several factors should be taken into account:
- Proximity to Work: Ensure that your chosen location offers easy access to your workplace in either city.
- Lifestyle Hubs: Look for areas with good schools, healthcare facilities, shopping centres, parks, and recreational options.
- Developer Reputation: Research developers’ track records regarding project quality and delivery timelines to ensure you are investing in a reliable property.
Developer Recommendations
Rustomjee stands out as a reputable developer offering premium projects in Navi Mumbai and surrounding areas. Their commitment to quality construction and luxurious living spaces makes them a top choice for discerning buyers. Projects like Rustomjee Urbania in Majiwada showcase modern design combined with excellent amenities tailored for luxury living. Other notable developers also offer high-quality residential offerings along the corridor.
Future Growth Prospects
The future growth prospects for properties along the Mumbai-Pune corridor are promising due to ongoing infrastructure developments that enhance property value. Emerging trends indicate that demand will continue to rise as more people seek homes that offer both comfort and convenience.
As new commercial projects emerge in Pune’s IT parks or business districts, alongside continued infrastructural investments, properties along this corridor will likely see sustained appreciation over time.
Conclusion
Living in Mumbai while managing a business in Pune is becoming increasingly popular among professionals seeking balance in their lives. The Mumbai-Pune Expressway serves as a vital link facilitating this lifestyle choice by offering seamless connectivity and access to premium properties. With various luxurious residential options available along this corridor, buyers can find their ideal home that meets both their personal preferences and professional needs.
Are you looking for a permanent residence or a weekend getaway home amidst nature’s beauty while staying connected with urban conveniences? Contact Rustomjee for premium properties along this expressway that provide an unparalleled opportunity worth exploring!
FAQs
- Why is real estate close to the Mumbai-Pune Expressway a wise investment?
Excellent connectivity makes properties close to the Mumbai-Pune Expressway perfect for both residential and commercial use. Demand and infrastructure have increased in the area, increasing the likelihood of long-term value rise.
- Are there any upscale housing alternatives close to the Pune-Mumbai Expressway?
Indeed, there are a number of high-end apartment complexes close to the highway that appeal to individuals seeking an opulent lifestyle by providing contemporary conveniences, picturesque vistas, and convenient access to Pune and Mumbai.
- How does the Mumbai-Pune Expressway impact real estate prices in the surrounding areas?
The expressway has significantly boosted real estate demand, leading to increased property prices due to its enhanced connectivity between the two major cities, attracting both homebuyers and investors.
