Increasing growth in the Real Estate Pune market

The City Pune, the second largest among the state of Maharashtra is known to be the seventh largest metropolis of India. Being the administrative capital of the Pune district, it is strategically situated 560 metres above sea level on the Deccan Plateau at the confluence of the Mula and the Mutha rivers. This city is known for its high educational facilities as well as the prosperity. Being one of the cultural capital of Maharashtra, it is known to house major industries including manufacturing, glass, sugar etc. This city is successfully known to gain its popularity in various cultural activities like spirituality, theatres, music and many more. All these features plays a significant role in order to attract the migrants from all across the countries.

Almost all the locations in the Pune are more or less supportive in order to allow the family to lead a life in a complete peaceful manner. The major variables that you always consider while purchasing flats in Pune are high levels of traffic congestion and pollution, availability of basic facilities. Kothrud is one of the charming area which is recognized to be the first suburb to get developed. The Mumbaikars who looks to buy property in Pune highly prefer Kothrud which is naturally considered to be on the accelerated rate of development. As this suburb has become the most densely populated residential destination in Pune, hence the demand for the residential projects are drastically increasing.

According to the property consultants Cushman & Wakefield, in 2012, this city experienced a significant increase of 34% in the number of new launches. With the increasing importance in the commercial sectors, this city is seen to witness high demand for the residential units in the last few years. Having close proximity to the commercial hub of Hinjewadi, as well as the easy accessibility to the city Pune and Mumbai-Pune Expressway, certain locations like Baner, Aundh, Wakad, Pashan is seen to witness healthy constructions in the real estates Pune. As a matter of fact this city is not a sea locked city like Mumbai and hence, there are lots of scope to look ahead. Wakad was the first residential area to be emerge as the preferable area to settle down.

Along with some of the locations the real estates Pune market in 2013 seems to be robust and is particularly poised for the growth. The Economy & Realty report by Knight Frank states that the Pune residential market is being driven by the end users. According to the Sanjay Bajaj, the managing director, in 2012, the Kondhwa, Hinjewadi, as well as the Undri contributed almost 40% of the total sales. Among the property in Pune, the market for the luxury housing have successfully opened up in Pune and is thereby seen to have a steady growth. These luxury homes are considered to be a growing preference for the new age buyers. As this city is seen to explore better in the IT sectors, hence you can find better infrastructure facilities over here. With the strong objective to generate huge profit of income, a large number of Builders in Pune are considerably working all through the way to deliver outstanding projects catering each and everyone need. They understand the growing taste of the individuals of the modern generation and depending upon their taste these companies are continuously working as well as implementing innovative ideas in their projects. The projects are quite affordable for all the class like middle class, as well as the upper middle class. The real estate market for the Pune is seen to have an acceleration by the Indian Government, thereby allowing 100% FDI in the construction.