Pune Properties Successfully Opening the Corridors for the Real Estate Builders

After Mumbai, the city Pune is recognized to be the second largest city in Maharashtra. Being the administrative capital of the Pune district, this city is the seventh largest metropolis in India. Being situated at the 560 m above sea level on the Deccan Plateau basically at the confluence of the Mula and Mutha rivers. This city was known to have an existence since 847 AD. This city was originally known as Punawadi. Due to its high educational facilities as well as the relative prosperity, the city of Pune stands one among the best. Being the cultural capital of Maharashtra, it is seen to grow as the industrial hinterland along with the information technology as well as the automotive companies being setting up their factories over here. Apart from that this city is known for its cultural activities like spirituality, classical music, literature, sports, etc. all these factors have thus attracted the students as well as the migrants from all across the India and abroad.

In order to purchase wide range of properties including apartments or houses, this city has heartily welcomed one and all. Being recognized as the leading city in the real estate sectors, it has gained the equal position to other cosmopolitan city like Chennai, Delhi, Gurgaon, Bangalore as well as Mumbai. As this city is a place of full of life, pleasures and activities, a new housing scope is being emerge each passing days with the real estate developments at a very affordable price. In terms of the industrialization, this city is growing rapidly and is having a wide prospects for the employment. the main reason for increasing demand for the residential properties is that with the increase in number of the working professionals in the MNCs, they are in huge demand for the appropriate residential accommodations. Other factor that has fascinated a lot to each and every individuals are the establishment of the holy places as well as the temples.

Certain recorded data suggests that the among the property in Pune, the short term residences are in highest demand. the property consultants Cushman & Wakefield stated that in the year 2012, this city is thus seen to gain a tremendous increase by 34% in terms of the new launches. Apart from the residential sectors, this city is seen to gain its importance in the commercial projects also and the main reason for this is the seamless connectivity to the commercial hub of Hinjewadi, and having easy accessibility Pune and Mumbai-Pune Expressway. In order to construct the real estate Pune, certain regions like Aundh, Baner, Pashan are significantly gaining importance at its fastest pace.

With the successive emergence of the large number of the real estate projects, The real estate companies in Pune are seen to gain high profits with the successful launch of due to the availability of the proper education facilities, rich cultural heritage as well as the influxement of the large scale industries.  All these projects are strongly stressed on the betterment of the environment thereby introducing the concept of the eco friendly nature. According to the Nikhil Jain of Riddhi Siddhi, on comparing the three different locations like Magarpatta, Undri and Hadaspar, the region of Magarpatta is witnessing an increase of nearly 7% while the other two locations like Hadaspar and Undri are seen to witness an increase of nearly 12%. Almost all the developers over here understands the increasing demand of the luxurious living and hence in order to meet all the requirement these companies are pouring all their efforts in their projects with the objective to provide these projects at a very affordable price. Hence people of both middle as well as the upper middle class could enjoy these benefits.

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