Townships In Pune Adding Glamour To Real Estate In Pune

In Pune real estate, these days, apartments in a single building or a complex of couple of buildings are a pass

. Enter the world of magnificent and intimidating townships in Pune. The Oxford of the East is all set to be witness a great phase for those who have the resources to invest and develop large tracts of land, along with physical and social infrastructure. This, for the record has been possible, courtesy Special Township Policy Act of the Maharashtra Government. Moreover, townships are changing the face of Pune real estate and the skyline of the city rapidly.

The act states that a township should have a minimum 100 acre area, an investment in public infrastructure, like water supply, road, sewage treatment and so on. There is an integrated approach for decongesting municipal corporation areas. These townships are supposed to ring in new settlements in the periphery through higher FSI (floor space index) than generally permitted in the municipal limits. Sensing the potential for such townships with bungalows and apartments in Pune, according to a government sources, in 2010 itself, there were 34 projects in the pipeline for approval for a township status. Most of these projects are being designed by architects of international repute, with high rise buildings, well conceived and defined residential spaces. A better standard of living is promised here, thanks to specific recreational and commercial features.

Interestingly, but not surprisingly enough, IT and ITes industry has been a major driver of growth with regards to commercial and residential properties in Pune.

Another point which needs a mention here is that a rise in employment would result in a three-fold derived demand for residential properties, approximately 48 million sq ft, again according to a KPMG report on real estate in Pune in 2010. This in turn is going to give a major boost to Pune real estate Hadapsar is one of the areas on the eastern flank of Pune, which has abundant land parcels available waiting to be developed. Hadapsar along with a few other areas is just what the real estate developers in Pune need for developing huge townships, with apartments in Pune.

Recognizing this exciting opportunity presented by development of townships, City Group is one of the first few builders to have ventured into fully integrated townships in Pune in the form of Amanora Park Town. Amanora Park Town is an approximately 400 acre township, with all the necessary social and physical infrastructure right there. With sprawling green open spaces and fantastic amenities pertaining to every aspect of your life, Amanora Park Town comprises of apartments and villas in Hadapsar. While Future Towers and Aspire Towers offer apartments ranging from 1 to 4.5 BHK and even penthouses, Sweet Water Villas boast of luxury villas in Pune. These bungalows in Hadapsar, can infact be customized as per your taste and lifestyle. Amanora is the first digital township in India, worth every bit of money for those who might be buying it.

Such townships in Pune have cropped up in other areas too, with a promise of a better lifestyle, with all the amenities, right from a simple massage parlour or a game of golf or tennis to an amphitheatre for music concert and more. It is, at the end, a win-win situation for property buyers as well as developers. On one hand, residents get everything at one place, the developers benefit by development of mixed-use constructions, branding opportunities and using new technology, like those involving eco-friendly amenities. It is a happy ending with townships in Pune, eventually.

by: Amanora Park Town

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