Overview
Koregaon Park is one of the post localities situated in the north-eastern parts of Pune city. It is located very close to Industrial and IT Hubs of Pune. This locality comes under the jurisdiction of Pune Municipal Corporation (PMC). It is one of the most prestigious addresses in Pune. The area was primarily a residential area, but of late has been growing into a commercial hub as well. It has better connectivity to Mundhwa, Kharadi, Kalyani Nagar, and other top localities in the city. It is also known for having classiest bungalows in the city. The roads and the civic infrastructure are well-developed. Koregaon Park is very close to Mundhwa Industrial area. The locality is popular location among residents as well as the youngsters who frequent it for the buzz.
Connectivity
It has two major roads: North Main Road lies in the north of Koregaon Park which runs in parallel to South Main Road in the south of Koregaon Park. Link Road is the another major road which connect these two major roads. It is connected with kalyani Nagar, via the Aga Khan Bridge. It enjoys excellent connectivity to Pune International Airport which is located at a driving distance of 11 kms via Pune Nagar Road/Samrat Ashok Road. This area serves as a link between traffic from the Old Mumbai-Pune road to Pune-Ahmednagar road. Ghorpuri, Pune Junction, Shivaji Nagar, Hadapsar are the nearby railway stations to Koregaon Park.
Factors for past growth
The proximity to Kalyani Nagar – one of Pune’s primary IT/ITeS hubs and Mundhwa Industrial Area have done much to maintain this demand. A fair number of workforce work in nearby IT Hubs, wanted to have their residences close to their workplace. Planned roads and excellent infrastructure facilities have successfully established Koregaon Park as a favorite destination in Pune. With an increase in the city’s population, the IT boom and a resulting large migrant population, the region has seen considerable demands for residential properties in Koregaon Park.
Factors for future growth
There is excellent appreciation of property rates here, with a number of projects being developed. Apart from that, the area is also located at a very close proximity to the IT/ITeS hubs and industrial zones of Mundhwa. The Maharashtra government is developing the nearby locations and so, the scope of development of infrastructure facilities is also there.
Employment hubs near Koregaon Park
- Rajiv Gandhi Infotech Park
- The Cerebrum IT Park B2
- Weikfield IT Citi Info Park
- EON IT Park
- Commerzone IT Park
- Pune IT Park
Infra Development (Social & Physical)
Koregaon Park offers very good social infrastructure to its residents. Some of the prominent educational institutions situated in here are Bishop School, Pune School, Sant Gadge Maharaj School, Vibgyor, Home for the Blind, St. Mira’s Women’s College, etc. It also houses some good colleges nearby. These are College of Events & Media, Modern Education Society’s College of Engineering, Deccan College Post Graduate and Research Institute, Ness Wadia College of Commerce among others. Healthcare facilities are also good in the locality. Some of the renowned hospitals providing health care facility to the residents of Koregaon Park are Inlaks and Budhrani Hospital, Ruby Hall Clinic, Asian Eye Hospital & Lasik laser Institute, Amit Hospital, Shah Accident Hospital and Apollo Jehangir Hospital to name a few.
