Kharadi: East Pune’s IT Corridor
Kharadi’s IT employment base is anchored by EON IT Park — one of Pune’s largest single-campus IT parks, hosting Cognizant, Wipro, HSBC, Accenture, and several MNC captive centres. Unlike Hinjewadi where one zone dominates, Kharadi-Viman Nagar-Wagholi forms a dispersed east IT corridor.
Lodha’s three east Pune projects (Camelot, Giardino, Estilo — all Kharadi) represent its attempt to capture east Pune IT demand with the same west Pune playbook: national brand + premium amenities + strong marketing.
Project Overview
| Factor | Details |
|---|---|
| Location | Kharadi IT Zone, East Pune |
| Developer | Lodha Group |
| Configurations | 2 BHK, 3 BHK, 4 BHK |
| Per sqft | ₹11,500–14,500 |
| Distance to EON IT Park | 1–3 km |
| Airport proximity | 8–12 km (15–25 min) |
| Status | Verify current possession / UC status at MahaRERA |
Pricing and Configuration
2 BHK (900–1,100 sqft)
| Floor | Price |
|---|---|
| Lower | ₹1.20–1.35 Cr |
| Mid | ₹1.32–1.48 Cr |
| Upper | ₹1.45–1.60 Cr |
3 BHK (1,250–1,500 sqft)
| Floor | Price |
|---|---|
| Lower | ₹1.70–1.90 Cr |
| Mid | ₹1.85–2.05 Cr |
| Upper | ₹2.00–2.20 Cr |
Who Buys Camelot: The Kharadi IT Buyer
The Kharadi IT buyer is distinct from Hinjewadi:
- Airport proximity is valued — east Pune professionals fly frequently (consulting, banking, MNC roles). 15–25 min to Pune airport is a meaningful lifestyle advantage.
- Lower traffic density — Kharadi’s internal road network is less congested than Hinjewadi Phase 1. Daily commutes are more predictable.
- Multiple IT employer clusters — EON + World Trade Centre + various Kalyani Nagar offices means tenants are diversified across employers. No single employer-dependency risk.
- Mumbai influence — East Pune attracts Mumbai professionals relocating to Pune; Kharadi’s proximity to the highway (Nagar Road → Mumbai via Nashik) matters.
Rental Yield Analysis
Tenant Profile
| Tenant Type | Monthly Rent | Tenure |
|---|---|---|
| Cognizant/Wipro senior employee | ₹35,000–45,000 | 11–18 months |
| HSBC / banking professional | ₹40,000–50,000 | 2–3 years |
| MNC executive, furnished | ₹48,000–58,000 | 2–3 years |
| Airport-adjacent professional | ₹38,000–46,000 | 1–2 years |
Yield on 2 BHK at ₹1.40 Cr
| Scenario | Monthly Rent | Gross Yield |
|---|---|---|
| Conservative | ₹38,000 | 3.3% |
| Base | ₹44,000 | 3.8% |
| Optimistic (corporate lease) | ₹52,000 | 4.5% |
Camelot vs Giardino vs Estilo: Lodha’s Kharadi Lineup
Lodha has multiple projects in Kharadi — each positioned slightly differently:
| Project | Positioning | Size | Price |
|---|---|---|---|
| Camelot | Premium residential | Large (3BHK+ focus) | ₹1.70–2.20 Cr |
| Giardino | Garden-facing lifestyle | Mid-size | ₹1.20–1.80 Cr |
| Estilo | Style-forward mid-premium | Compact | ₹1.10–1.60 Cr |
Camelot is the flagship — largest units, highest specification, best amenity depth. Giardino offers a garden lifestyle at marginally lower pricing. Estilo is the most accessible entry point.
For investors: Estilo and Giardino offer better yield percentages (lower entry). Camelot is the capital appreciation and resale premium play.
5-Year Investment Projection
2 BHK at ₹1.40 Cr (Camelot), base case:
| Component | Amount |
|---|---|
| Entry (all-in) | ₹1.60 Cr |
| 5yr value (9% CAGR) | ₹2.46 Cr |
| Rental income (5yr) | ₹26.4L |
| Less LTCG + costs | -₹10L |
| Net gain | ₹1.02 Cr |
| ROI | 64% |
East Pune’s 9% CAGR base reflects Kharadi’s established IT employment (lower upside risk than Hinjewadi Phase 3 expansion, but more stable floor).
FAQs
Q: Is Kharadi better than Hinjewadi for property investment? Different, not better/worse. Hinjewadi offers higher appreciation upside (Metro, Phase 3 expansion) but more concentrated IT employer risk. Kharadi offers diversified employer base, airport proximity, and more established east Pune social infrastructure. For a diversified portfolio: one in each makes sense.
Q: What is the possession status of Camelot? Verify at MahaRERA (maharera.mahaonline.gov.in). Lodha has multiple Kharadi phases at different stages. Confirm before booking.
