Pune, the cultural capital of Maharashtra, continues to attract people for investment in the real estate market. Located very close to Mumbai, the financial capital of India, and with its quiet environments, Pune is always the best option for investment in property. With amazing growth in the commercial and economic sector, expansion in IT companies and industrial establishments, and development of numerous educational institutions, there has been a steady increase in the demand of commercial and residential units, resulting in the upward growth of the Pune real estate industry.
Due to large number of IT companies and industrial units, people from all over the country have crowded the city in pursuit of jobs. In addition, the high pay scale offered by the companies and luxurious living standards make Pune the best place to stay. Many families now invest in more than one property, thus increasing the demand for villas, 2BHK and 3BHK in the city. With nine universities and more than 100 educational institutions, Pune attracts students all over the world, thus necessitating a large number of accommodation facilities. With the up come of commercial centers and malls in suburbs, the facilities have been increased and people prefer to live in the newly developed areas. Kharadi, Hinjewadi, Aundh, Hadapsar and Wakda are the main suburbs with high employment generation. In posh areas such as Kondhwa, Pashan, Kothrud and Koregaon Park, luxurious flats are available at affordable price.
Kharadi and Wagholi in East Pune and Pimple Saudagar ,PimpleNilakh, and Wakad in West Pune witness great development in residential apartments mainly due to close vicinity to important centers and availability of all infrastructure facilities. Property price in Wagholi is between Rs 3500 to 4500 per square feet, whereas in the other areas it is between Rs 5500 to 6500.
Affordable housing projects are the latest trend in Pune, which foresees a rapid growth. Developers offer affordable 1BHK and 2 BHK flats at a price of Rs 10 to 22 lakhs. Builders like, Jalan Group, Maple, Javdekar Group and Vastushodh are active in this sector. Affordable units are spreading more in Moshi, Pirangut and Kirkitwadilocalities with the presence of builders like Vastushodh, Urban Gram and AaplaGhar. Affordable projects are also developing in the industrial areas like TalegaonDhamdhere, Lonikhand, Shikrapur and Shirwal. Major players in this area are Pratham Developers, Star City, Maple, and CFP.
Luxury housing offers world class amenities and conveniences and are coming up in several important localities like Kalyaningar, Magarpatta, Koregaon Park, Baner, Near Airport area, and more. These units having sizes of above 3500 square feet costRs 1200 and above per square feet. The architecture and amenities in luxury projects are amazing and equivalent to global standards. Several NRIs invest in premium and luxurious apartments which cost upward of Rs 1 crore.
Ever expanding IT companies, rapid industrial development, hi-tech educational institutes, growing commercial infrastructure and an uncompromised living style make Pune an enviable city for living. By offering a new definition to the housing culture, Pune real estate beckons you to fulfill your dreams.