Property Boom Shifting To Pune

Pune is located on the outskirts of Maharashtra

. Pune is fast emerging as one of a common hunting ground for the multinational companies. This has made the city a hot commercial and residential property market for the past few years. There are indeed several factors accountable for bringing Pune real estate investment in the limelight. Pune property market possesses immense potential which is further evident by its comprehensive growth that is believed to shoot up more in approaching years. Despite being the small city, it's not at all rare to spend a day in Pune viewing at a series of big malls and array of big buildings which showcases the fast development taking place.

Expansion of IT and ITES sector has opened up job opportunities in the past few years this has led to development of new suburban areas. Areas located on the peripheries and outskirts are witnessing more real estate activities than the Central Business District (CBD) areas. The main reason is availability of space at lesser values compared to the city center. Pune suburban areas such as Warje, NIBM Road, Saswad Area among others are the places where developers are launching new luxury residential projects.

Pune features an ideal blend of climatic conditions and infrastructure which is conducive for the growth of the industries, which further gives a boost to residential property values. Property price at most important locations of Pune are firming up in the wake of demand from the information technology sector. What adds the advantages for the Pune city is its proximity of Mumbai, the financial capital of the country. This also stands as one of the major reasons for the property in Pune witnessing new heights and grabbing the attention of the real estate developers.

The real estate industry of Pune started witnessing wave of growth when the IT and related companies started setting up base in the city. With the demand for quality residential spaces and availability of huge land parcel, Pune city started witnessing trends like integrated townships during that period. Today, there are many townships coming up, that are changing the fabric of the city with luxury apartments, row and penthouses are some of the main avenues for high end investments in Pune. Emerging trend is looking for an abode that offers absolute luxury, security and peace.

The Government of India's National Housing and Habitat Policy 1998 called for a housing revolution of private township was one component. The state government is also encouraging townships to reduce pressure on urban areas and improve infrastructure. When talk about a complete townships, we imagine a bigger project with a spacious layout and luxurious amenities. However the term has a wider meaning . They can be, in fact called as 'responsible residential spaces'. Making the growth along with excellent connectivity, prospects and educational facilities. Now that Pune is being realized and coming up as a major area of interest that is fast gaining momentum in Indian Real Estate.

by: lokeshmanu24

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