What Is Exact Real Estate In Pune?

Pune, the 7th largest metropolis in India, is one of hubs of business and industry in the country. The city has a vibrant real estate market that experiences steadily growing demand for both residential and commercial properties. Concentration of manufacturing industries, cosmopolitan city culture, information technology hub, developing infrastructure, presence of leading educational institutes and most importantly, proximity to Mumbai, are the major growth drivers for Pune Real Estate Market.

Why Buy Property In Pune?

• New multinational giants with the likes of Aptify and Hitachi forayed into the city owing to economical land and the availability of cost-effective and skilled labor.
• While IT corporate like KPIT Cummins, L&T and Cognizant gradually spread their existing base.
• The opening of new malls and complexes has offered people more options for entertainment and contributed to raising the lifestyle standard.
• Pune’s close proximity to Mumbai with the construction of six-lane Mumbai-Pune Expressway.
• Vibrant and dynamic social culture earned Pune the title of Cosmopolitan city. Multi-ethic and multi-lingual Culture of residents add to the appeal of the city as a residential option.

Residential Locations In Pune

People shifting base to the city due to boom in industrial sector has fostered the demand for residential properties. The large number of residential projects coming up all over Aundh, Balewadi, Wakad, Pimple Nilakh and Pimple Saudagar provide a number of choices to the buyers.

• South Pune- Locations like Kondhwa, Parvati, Katraj and Warje have become hot destination for the buyers.
• North Goa- Chinchwad, Talegaon and Chakan have witnessed the launch of many Residential Projects.
• East Pune- Good infrastructure has changed the face of eastern localities like Boat club, Kalyani Nagar and Hadapsar.
• West Pune- Hotspots like Blue Ridge and Megapolis are the most-preferred destinations for both office and residential space.

Commercial Space

The demand for commercial space picked up with the spatial expansion of big industries. Pune office sector gives a strong competition to hot locations Mumbai and Delhi. Eastern corridor continues to dominate the market in total absorption of commercial space. Hinjewadi in Western corridor offers office space at competitive rentals. Good connectivity to various parts of the city, availability of office space at economical rates, easy accessibility and great residential options give these regions an upper hand over the other areas in the city.

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