Real estate in pune showcases a promising market

Real estate in Pune showcases a promising market with considerable demand from national and international market. The nature of real estate in Pune has witnessed a paradigm shift particularly in the past decade with many new players entering into the market and tremendous infrastructure growth. The property in the city has continued to witness appreciation at steady rates in the range of 15% to 20%, which makes it a promising investment option for those investors as well as the end users.

Pune's growing suburban and its relative proximity to the commercial hub of the country, ''Mumbai '' has increased the attractiveness of the location. buy property in Pune Naturally, Pune emerges as the most sought after destinations for professionals who don't mind going that extra mile or few to enjoy the added benefits of a better life index and space quotient. The realty developers are fast discarding traditional templates of construction in a conscious effort to embrace new styles of architecture and enterprising layouts. This has triggered the growth of the real estate market in Pune with an increasing demand from across the country and also abroad. NRI diasporas area also showcasing their keen interest to invest in property market of Pune.

Another major change in trend observed is the proliferation of luxury projects on the city's horizon. The Hi-end projects have been outnumbering the mid-profile projects that has led to a growing inclination towards an investment-centric approach. The hi end luxury projects are being preferred by NRIs and IT professionals, who have better purchasing capacities due to their higher income.

Majority of the development projects are undertaken on the peripheral areas of the city. upcoming residential projects in Pune Popular suburbs of Pune such as Bale wadi, which were previously considered to be the unpopular outskirts, are now considered as part of Pune's growing property area. Also, the rise of retail / commercial hubs mushrooming across these areas are proving to be the ideal nourishing factor driving a balanced, community-centric brand of living in the less-explored city areas.

New townships in Pune are now seen to integrate apartments of varying sizes, to suit different family needs. Such integrated mega communities that have come up in the city typically includes 1 BHK, 2 BHK and 3 BHK flats, catering to the accommodation requirements all the strata of society. The townships also boast of a host of amenities that offer the residents a vibrant lifestyle. Suburbs such as Hadapsar, Pirangut, Kharadi, Viman Nagar, etic are demonstrating excellent growth for potential and appears as lucrative investment destiantions.

Wakad Wakad is a rapid growing and a self-sufficient locality in evergreen Pune. It is gaining popularity because of its closeness to the IT corridor and Pune-Mumbai expressway. real estate developers in Pune This locality is witnessing many mixed land development and high shopping areas. Professionals generally prefer this area as it is close to IT and automobile hub. Besides, that also has close propinquity to Hinjewadi (a locality with many IT companies and Bio parks) and Industrial area of PimpriChinchwad.

Kalyani Nagar Nestled between Viman Nagar and Koregaon Park, Kalyani Nagar is a locality that has been in popular in the real estate of Pune. It is also located in close proximity to Mumbai - Pune highway. Most of the housing projects found here are in the completion stage or ready for possession, that encourages many home buyers to make an investment.