Ambegaon: Mix of good housing societies amidst chaotic urban development
The second part of our Expanding Pune series throws the spotlight on Ambegaon Budruk located in southwest Pune. Here’s an overview of this new suburb of Pune.pune Updated: Jan 27, 2018 15:24 IST
Ambegaon was just another village on the outskirts of Pune’s city limits until 1999, when it became one of the few villages to be incorporated within the Pune municipal limits. Seventy-five per cent of this area was incorporated then, and the remaining part, which was still under the gram panchayat, was added in 2017.
Ambegaon Budruk and Ambegaon Khurd are two village areas that both ascribe to the common moniker of Ambegaon. Both have been merged into the PMC limits. However, all the development has taken place in the Ambegaon Budruk area - given its proximity to the Bengaluru-Mumbai highway bypass. All references in the copy to Ambegaon, therefore, refer to Ambegaon Budruk.
Ambegaon enjoys the urban-rural mix; the benefits of urbanisation and mountains on the outskirts as a boundary and the Mumbai-Bengaluru bypass passing through the area. Thus, developers and builders from Pune and Mumbai have strategically built large residential complexes offering a variety of choices from simple to lavish homes. Ambegaon has mostly developed as a residential hub for the middle class who wish to move in to larger spaces at affordable rates.
“Though it was part of PMC in the 90s, the actual development began in 2004,” said Ambegaon resident and Nationalist Congress Party (NCP) corporator Yuvraj Beldare. He pointed out that the locality skirts Katraj in the east, Vadgaon (towards Sinhagad) in the west, a few villages like Jambhulwadi in the south and Dhankavdi in the north.
As a result of being under the gram panchayat, Ambegaon has seen haphazard development. There’s better planning in the outer periphery of the village where many builders have built larger housing schemes.
Amit Enterprises introduced the first cluster housing scheme here — a mix of row houses, bungalows and apartments. They roped in the legendary cricketer Sachin Tendulkar as their brand ambassador with a bungalow here. Other developers like Venkatesh Buildcon, Rameshwar Group, Kool Homes, Mittal group and many others followed suit.
“We decided to launch Amit Bloomfields in Ambegaon because of its proximity to the Expressway (Pune-Mumbai) and naturally the drive to Hinjewadi is hardly 19 km away, that too on the Expressway,” said Sanjeev Wani, director, Amit Enterprises.
He pointed out that Ambegaon has excellent accessibility from Katraj, Sinhgad road, Kothrud and the Mumbai-Pune Expressway, which takes one further to Satara, Sangli, Kolhapur and Bengaluru. The Khed-Shivapur industrial belt is also in the close vicinity.
Part of this picturesque area is hilly; the rest is dotted with natural greenery and landscaping. Due to its geographical location, overall ambience and natural beauty, Ambegaon is still the sought after location for people buying their first homes.
Santhosh Kumar, vice-chairman, Anarock Property Consultants said that Ambegaon will emerge as the next vibrant property boom areas. The availability of large, contiguous land parcels for development in Ambegaon is another big advantage for the area, which for this reason lends itself particularly well for sizeable township projects, he said.
Ambegaon’s history as far as its real estate development is concerned is not very long. Development at Ambegaon is largely happening on land parcels that landowners and developers have been holding for several years while they awaited the inevitable development push which would shift Pune homebuyer demand into this direction and to this location.
According to Kumar, Ambegaon’s real estate development potential is similar to that of other precincts like Bhugaon, Bavdhan, Kondhwa, Undri, Wagholi and Katraj. The NBN Sinhgad Technical Institute and various hospitals and schools are located here.
Property price appreciation has been significant at Ambegaon as compared to many other locations, varying according to the exact location, developer’s profile and amenities offered in the project. The current property pricing here is ₹4,400 per sqft and onwards.
In locations like Baner, Wakad, Hinjewadi and other growth areas of Pune, investor interest has predominantly come from neighbouring Mumbai. In Ambegaon, thanks to its unique location, investors have also been coming in from Sangli, Miraj, Kolhapur, Satara and Shirval.