Introduction
Pune’s Lohegaon Airport, or Pune International Airport, is more than just a transit point for travelers; it also serves as a catalyst of real estate development throughout the nearby zones. Apart from increasing passenger volumes, and as Pune International Airport’s expansion plan is now moving forward, several nearby zones have been planned for housing developments. With improved connectivity, contemporary infrastructure, and sustainability for end-users and investors, there's an unraveling boom.
With Pune evolving into a tech ecosystem and its eastern corridor experiencing rapid expansion, easy airport access is potentially a major selling feature for buyers. This article will discuss the future housing locations being developed around Pune Airport, their investment prospects, and what buyers need to know.
Why Pune Airport’s Vicinity Is a Real Estate Hotspot
1. Great Connectivity—Close to Viman Nagar, Kharadi, Yerwada, and central Pune.
2. IT & Industrial Development—Proximity to IT hubs such as Kharadi and Magarpatta City has increased rental demand.
3. Future Infrastructure—Proposed expansion of the airport and improved public transport system.
4. Luxury lifestyle facilities—gated communities, shopping malls, and health facilities nearby.
Planned Housing Zones Around Pune Airport
1. Viman Nagar
Distance from Airport: ~2 km
Why It's Popular: This is one of the more elite localities in Pune, where you have the best schools, the best malls, and the best commercial areas.
Planned Housing Development: This is primarily comprised of old societies being redeveloped into high-rise luxury apartments or new gated communities aimed at professionals and NRIs.
Average Property Rates: ₹11,000–₹14,000 per sq ft.
Investment Corner: High rental yield because of business and IT travelers; strong resale potential.
2. Lohegaon
Distance from Airport: ~1 km
Why It's Growing: Lohegaon was a defense area and has been seeing private housing in the last few years, as large parcels of land have become available for purchase at affordable prices.
Planned Housing Development: Low-rise apartments, plotting development, and builder floors; developing civic infrastructure/services.
Average Property Rates: ₹5,000–₹7,000 per sq ft.
Investment Corner: Great opportunities for budget buyers; value appreciation likely as connectivity improves.
3. Dhanori
Distance from Airport: ~5 km
Why It's Growing: Close to the airport and the IT corridors; cheaper price point than Viman Nagar.
Planned Housing Development: Mid-segment apartments, integrated townships, and mixed-use developments with retail parcels.
Average Property Rates: ₹6,000–₹8,500 per sq ft.
Investment Corner: Good for first-time home buyers; huge upside potential for price growth with future metro connectivity and road upgrades.
4. Yerwada
Distance from Airport: ~6 km
Why It’s Popular: It is strategically located between Pune Airport and Pune's city center, and it is also home to premium hotels and business hubs.
Planned Housing Development: Promised luxury river-view apartments, corporate housing, and serviced residences.
Average Property Rates: ₹9,000–₹12,000 per sq ft.
Investment Insight: Offers a mix of high-income professionals being attracted to the location; stable rental demand comes from corporate tenants.
5. Kharadi
Distance from Airport: ~8 km
Why It’s Popular: One of Pune's IT hotspots, the EON IT Park and World Trade Center, is driving demand.
Planned Housing Development: Smart homes, co-living spaces, and luxury gated communities that combine offices and apartments.
Average Property Rates: ₹8,500–₹11,500 per sq ft.
Investment Insight: One of the fastest growing areas; strong return on investment for developers focusing on creating rented housing for the IT workforce.
6. Wagholi
Distance from Airport: ~12 km
Why It’s Growing: Cheaper alternative to Kharadi with rapidly improving connectivity through Nagar Road
Planned Housing Development: In the townsite itself: large-scale township developments, plotted developments, budget apartments
Average Property Rates: ₹5,500–₹7,500 per sq ft RV
Investment Insight: Best for long-term capital appreciation, given its demand from IT and industrial workforce.
Government and Infrastructure Push
The Pune Metropolitan Region Development Authority (PMRDA) and Pune Municipal Corporation (PMC) are working on:
Airport Expansion: New terminal, runway extension, and enhanced cargo facilities.
Ring Road Project: Improving east-west connectivity.
Metro Phase 2 Plans: Possible extension to eastern areas like Wagholi and Kharadi.
Road Widening & Flyovers: Easing congestion on Nagar Road and Viman Nagar roads.
Investment Potential and Buyer Segments
Best Suited For:
IT professionals working in Kharadi, Magarpatta, or Yerwada.
Frequent flyers seeking quick airport access.
Investors targeting rental yield from corporate tenants.
Why Now?
Property prices in airport-adjacent areas are still competitive compared to central Pune, but with infrastructure projects nearing completion, appreciation is expected in the next 3–5 years.
Tips for Buyers Around Pune Airport
Check Zoning Regulations: Ensure the project complies with PMRDA development plans.
Focus on Builder Reputation: Opt for reputed developers with timely delivery history.
Evaluate Connectivity Plans: Metro and road projects can dramatically boost value.
Use Property Aaj for Research: Platforms like Property Aaj allow buyers to compare prices, check locality trends, and shortlist projects.
Conclusion
The upcoming housing zones surrounding Pune Airport will be some of the best addresses in the city in the coming years. These localities have some of the best locations, options for future infrastructure, and a variety of price ranges for buyers, from high-end in Viman Nagar to lower-budget options in Lohegaon or Wagholi.
If you're contemplating investing or buying a house in or near Pune Airport, then now is the time to look. With the right support and research on Property Aaj, you can secure properties that will provide you fast appreciation and will be well connected.
FAQs
1. Which areas are closest to Pune Airport for homebuyers?
Viman Nagar, Lohegaon, and Dhanori are the closest, with excellent connectivity.
2. Are property prices around Pune Airport expected to rise?
Yes, due to upcoming infrastructure projects and airport expansion, prices are expected to appreciate in the next few years.
3. Is Wagholi a good investment near Pune Airport?
Yes, it offers affordable housing and strong future appreciation potential due to its proximity to Kharadi.
4. Can I get affordable housing near Pune Airport?
Yes, localities like Lohegaon, Dhanori, and Wagholi offer budget-friendly options.
5. Is it good to invest in Kharadi despite high prices?
Yes, because Kharadi offers excellent rental yields and strong long-term appreciation.
6. How can I find the best projects near Pune Airport?
Use platforms like Property Aaj to compare projects, prices, and amenities.
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