Over the years Pune has outgrown as a hot IT destination. Given the mount-top salaries enjoyed by young software professionals, it has zoomed the property prices. A place costing Rs.1500 in area like Kalyani Nagar now quotes at around Rs. 2700 - Rs.3000 per sq. feet. That's almost a 100% appreciation in a year's time. Kharadi is an fast upcoming area, which looks good from the investment perspective. I guess this area would fully develop in a span of 4-5 years. Only disadvantage that it has is, it is 9-10 kms away from the station. But, folks who do not have much to do with plying to station area frequently can seriously consider this option.
To me Alandi road area near RTO also looks good. It has Golf Course in it's vicinity. Pune station is just 5 kms away while Shivajinagar, Deccan and Kalyani nagar are almost at 3 kms distance. If you are planning to drive down to Mumbai, it has a more convenient route to follow to the expressway. And last but not the least, even the rates are not too high, given the openess and the location that it enjoys. Military establishment called ‘Bombay Sappers’ surrounds this area. This won't allow much of a construction activity while retaining it's natural aesthetics. People from Mumbai can definitely consider this for investment.