The days when Pune Real Estate was ignored on account of its more glamorous counterpart Mumbai are long over. In fact, Pune has undergone a complete transformation in the past decade or so. Though Pune real estate demand is obviously still not comparable to that of Mumbai Real Estate, but the property rates in Pune are witnessing a steep hike with each passing day. The property rate hikes can be attributed to the consistent demand for Residential Property in Pune. Together with this, Pune being a stable market has greatly steered the equation in the favor of rising demand.
Factors That Have Contributed To The Rising Demand For Pune Real Estate
- Though the IT sector is biggest contributor to the rising real estate investment in Pune, it is by no means the only one. The growth of other sectors like manufacturing, automobile, service & education have also contributed in making Pune the top destination for real estate investments.
- There has been considerable economic as well as infrastructural development in Pune in the recent years. Along with this the inflow of IT professionals & other qualified workforce has created a subsequent demand for affordable housing segments. some examples of the sunshine sectors which are attracting qualified professionals from across the country include - retail, FMCG, IT/ITES, hospitals, bio-technology and automobiles.
Locations In Pune Enjoying A Rising Demand Among Residential Property Buyers
- Though hi-end areas, the demand for residential property in Koregaon Park & Bund Garden is still on a rise.
- Owing to availability of social amenities & proximity to commercial hubs, Wanowrie is emerging as the preferred residential area among the middle income group.
- Residential pockets are concentrated in and around Balewadi, Hadapsar, Kharadi, Baner and Nagar Road; most of the buyer segment of these residential properties include IT professionals.
- Undri is yet another of the locations that is witnessing increased demand & a rise in property rates owing to new projects, affordable property options & accessibility. Improvement in road connectivity is yet another of the reasons why this location is becoming the latest residential hub in Pune.
Affordable housing options are one of the biggest reasons why the focus has shifted from Mumbai to Pune Real Estate in recent times.
8 Comments
NoBrokerage Property
16 January, 2023 at 12:36 pm
Thank you for sharing such a detailed Blog. Great post to read.
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NoBrokerage Property
16 January, 2023 at 12:36 pm
Thanks for sharing this useful information this information will be very helpful for us regards,
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Rupeshgowda
04 December, 2021 at 10:50 am
Increase in the Job opportunities and social infrastructure caused the demand for residential properties in Pune.
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Tanya Malhotra
25 September, 2019 at 3:11 pm
There are so many Apartments are building nowadays because of high demand for the real estate sector in Pune. This are the reason Why Pune Real Estate Market is growing fast:
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Ashwini Desai
10 April, 2013 at 10:21 am
Yes, I agree that residential property is in great demand. Because of IT Industry and education purpose people from outside Pune prefer to settle in Pune.
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Residential Property in Pune
09 April, 2013 at 12:48 pm
Pune is definitely an upcoming real estate destination and has shown its potential in the last couple of years and internet marketing is increasing in real estates. Discountedflats.com is also one of the real estate portal which has provided all information about Pune properties and serves best offers to buy property.
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Iridia Sector 86
29 March, 2013 at 9:46 am
Horizon Concept Launches IRIDIA in Sector 86, Expressway, Noida. Iridia is a 6 acres Residential Project offering 2/3/4 BHK Apartments in Noida Sector 86. RIDIA is a new and exceptional name in real-estate industry, Situated in Sector 86 Noida. This project consists of several high rise towers which form a stunning group.
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jacksonville beach clubs
01 March, 2013 at 12:12 pm
Demand for residential property in pune is increasing very high. All must invest their money in resedential property of pune and will get maximum out of it!
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