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Baner is a suburb of Pune, India. Baner is well known for "Varkari" Parampara and Bhakti Aradhana from many years. It is located off the Katraj–Dehu Road Bypass by-passing Pune City. Baner road serves as the main approach road for the bypass which in-turn connects to the Mumbai Pune Expressway. Baner is bordered by Pashan in south, Balewadi to the west, Aundh to the north and Pune University to the east.
Baner is a residential and commercial hub of Pune and large portions are occupied by various IT companies like Siemens,talentica,gslab etc.
Baner hill is a hill that separates two suburbs of Pune, Pashan and Baner. The hill is the third highest point within the city limits, with an elevation of 2224 ft., surpassed by the Vetal Hill and the Sutarwadi Hill. There is a temple located in the northern foot of the hill. The place is an excellent getaway from the hustle and bustle of the city and provides a great morning trek location for the weekends. One can view the whole of baner on one side and the pashan area from the other. The place is actually the home for a plantation drive that has been taken up enthusiastically by the locals, helped by numerous volunteers. One can see people coming up early in the morning every Sunday and working in groups to make the place greener. Baner hill is surrounded by two suburbs of Pune, Pashan and Baner. Most of its area is in Baner, so it is commonly known as Baner Hill. The hillock runs East-West. It has a spur which is locally known as the Pashan Hill which has an elevation of 2100 ft. The temperature here is 1 to 2 degrees cooler than the temperature in the main city. Rest of the area shares almost same climatic conditions as that of Pune.
Baner is one of the rapidly developing suburban areas of Pune and is located very close to the industrial zones and the IT hubs of Pune. The area has good civic amenities and is very well-connected to the other parts of the greater city of Pune.
Baner is a premier residential area located in the western suburbs of Pune. It is also one of the oldest localities of Pune and was ruled by the Kalamkar family.
Agriculture was once predominant in Baner, but was lost due to urbanisation and growth of residential and commercial zones. Nearby Baner localities include many famous areas of the city of Pune such as Pashan, Balewadi, Wakad and Aundh. A variety of projects are available in Baner and these range from affordable to luxury. There are a lot of reputed builders like the Kolte-Patil Developers, Kundan Spaces and Raviraj Realty who are working on their different projects in Baner. Some of the premier projects in Baner include Pride Valencia, Paranjape Schemes Crystal Garden and Marvel Sorrento.
Due to advent of various IT majors and other multinational companies (MNCs), the city of Pune has been witnessing a significant influx of working population from outside the city. As a result of this there has been a surge in the demand for residential apartments in Baner, as it is one of the prominent suburbs of Pune. Even though the prices of the flats in Baner are going up at a rapid pace, affordable housing for the mid and the junior-level executives of the various companies can be still found here.
Baner has incredible natural beauty. The scenic hills and the Baner-Pashan Biodiversity Park are the landmarks here. The civic amenities have also improved. The industrial growth and the growth of the IT sector have led to the development of retail and hospitality sectors in the area.
Connectivity with nearby Baner localities
There are a few major roads which run through the area, namely The Pune Bypass Road, The Mumbai-Bangalore Highway, The Gopal Hari Deshmukh Marg and the Mumbai-Pune Expressway.
The area boasts of an extensive bus service and the Baner Bus Stand and the Shivaji Nagar Bus Stand lie in close vicinity.
There is a railway station at Shivaji Nagar from which the railway services can be availed. The railway station is approximately 9 kilometres away from Baner.
It takes about half an hour from Baner to reach the Pune Airport.
Reasons to invest in Baner
Considering the price trends in Baner and the rising demand, the locality would prove to be a good investment option. There is excellent appreciation of property rates here, owing to a number of projects which are being developed. Moreover, the area is also located near the IT/ITeS hub and industrial zones of Pune. Baner has a beautiful landscape and the state government is planning to develop it further. So, the scope of development of infrastructure facilities is also there. Considering all these factors, Baner is an excellent place for investment.
The property rates in Baner, Pune keeps changing and if an investor wants to maximise the profit they need to act as per the market movement. The price trends section helps a property stakeholder to look at the ever-changing property prices in Pune and its corresponding Baner in form of graphs. The real estate buyers can consult these graphs and get information about quarterly changing price trends of Baner, Pune so that they can take a wise decision. At present on makaan.com, a user can access over 1690 properties. The price of properties in Baner starts from ₹ 4.70 lacs and the average price of properties in Baner is ₹ 1.44 crore. The price range of properties in the Baner is ₹ 4.70 lacs-64.00 crore. Pune has as shown a down trend, and the Baner has shown a down trend since the last six months.
The real estate of Pune's Baner Road seems to have arrived. Today,Baner Road boasts of developed social infrastructure, physical infrastructure and ample choice for residential units for consumers.
The real estate market
Baner Road is located on the East ofDehu-KatrajvBypass on NH-4 in Pune. Starting from Pune University Chowk, Baner Road stretches right up to BalewadiGaonPhata.
Baner Road is strategically located near the Hinjewadi IT Park, Mumbai-Pune Highway and Pune Expressway. From a sleepy town, the area has today emerged as a residential hotspot thanks to the expanding IT fabric and educationalinstitutes.The area faces demand from both students and professionals. It is also facing demand for premium residential and commercial projects.
"Due to swift connectivity, the locality has witnessed fast growth of residential and commercial projects. Several prominent developers have launched premium residential projects on Baner Road and are today,witnessing good demand," Rashid Khan, a city-based broker said.
As per data with Magicbricks, the average price in Baner Road is Rs 7,221 per sqft. For a 1BHK flat of size 350 - 965 sq ft, one may find some good choices within Rs 24.60 - 57.40 lakh. For a 2BHK flat, the size range is 850 - 1415 sqft and the price is in the range of Rs 41 - 96 lakh. A 3BHK flat in the size range of 1200 - 2200 sqft, the price is Rs 60 lakh - 1.40 crore.
Social and physical infrastructure
Due to the quality of life that the Pune-Baner Road provides to its citizens, it is heading towards self-sufficiency. Over the years, the area has evolved as the party hotspot of Pune and boasts of premium restaurants, bars and shopping stores. Proximity to large residential pockets of Baner, Balewadi, Aundh and Pashan has worked well to make Baner Road the cosmopolitan area of Pune.
"Baner Road's portfolio has changed completely. Today, the area is full of several international F&B brands. The market is consumer-friendly as the competition is high and prices have to be attractive," said Vishal Narang, a restaurant owner on Baner Road.
With multiple housing demand drivers, such as location, good social infrastructure, proximity to the Pune-Mumbai Expressway, Baner Road real estate market seems to have arrived.
One of the major advantages that Western Pune suburbs have, is their proximity to Mumbai. Baner is one of the fringe areas of West Pune that has grown to be a promising real estate hotspot and an alternative to micro-markets in central Pune, which are witnessing steady price rise. Baner is a destination preferred by end-users encompassing luxury home seekers and affordable homebuyers, techies looking for rental options and even HNIs and NRIs (non-resident Indians).
Here's a look at the factors that drive the real estate market in Baner.
Hinjewadi's development as an IT hub has driven the rental market of Baner. Some medium-sized businesses and IT parks, are also located in Aundh and Kothrud. The area, thus, attracts IT professionals in large numbers and offers plenty of rental options. Industrial pockets in nearby areas, like Pirangut, Talegaon and PCMC, further contribute to the growing demand for residential properties in the region, among working professionals. The prices of rental properties start at Rs 6000 per month for 1-BHK apartments. The average rental price is at Rs 23,046 per month for 1, 2, 3BHK units, starting at Rs 6,000 for 1BHK, Rs 13,500 for 2BHK, Rs 15,000 for 3BHK and Rs 75,000 for 3+ BHK.
Baner has good connectivity
Well-developed physical and social infrastructure is the lifeline of a real estate market. Baner offers the same, with its closeness to the Mumbai-Pune Expressway being yet another noteworthy feature. The Expressway is situated off the Katraj-Dehu Bypass (NH 4) that runs right next to the locality. Flanked by regions like Pashan, Balewadi and Aundh, Baner is connected to neighbouring localities via the arterial road – the Mumbai-Bengaluru Highway. There is an availability of good public transportation which allows residents to commute to work without any hassles, apart from easy accessibility to Mumbai and Bengaluru.
Quality infrastructure in Baner
Baner scores 91 out of 100 on the liveability scale. Despite extensive development activities, Baner has been able to retain its charm, with its enchanting green hilly terrain and tranquil surroundings. There is an availability of reputed healthcare centres, educational institutions, shopping complexes, cafes, restaurants, recreational facilities, etc. Civic infrastructure has been a cause of concern lately. While local citizens are taking up water scarcity issues with the authorities, Baner is also seeing new initiatives being taken up by the municipality, to upgrade civic amenities.
With Pune being listed among the smart cities, Baner along with Balewadi and Aundh, have been selected for the pilot phase. The efforts by the government in incorporating e-governance centres and other smart city features is set to transform Baner into a self-sustained neighbourhood.
Investment options in Baner
Baner has undergone development in a planned way, with many organised townships coming up in the locality. Whether budget homes or high-end villas, there are a plethora of residential options in Baner. In addition, domestic investors and the NRI community are sure to find suitable options, including properties on lease as well as resale. The average price of properties in the locality, is Rs 7,456 per sq ft. 1-BHK units are available between Rs 23-70 lakh. 2-BHK units are available at prices starting from Rs 44 lakh to Rs 1.5 crore. 3-BHK apartments have a price range of Rs 57 lakh to Rs 7 crore.