Vertical Rise In The Properties Of Pune Leads To Exaggerating The Lifestyle Of Pune Suburbs

Pune is known to become one of the real estate hub in terms of developing residential projects

. In 2003, the State Government has approached in developing major software companies like Infosys, Wipro, Accenture, Mahindra British Telecom and Cognizant. Several IT parks like MIDC Software Technology Park, Magarpatta Cybercity, the Marisoft IT Park at Kalyani Nagar, EON SEZ at Kharadi and Shapoorji Pallonji IT Park have been developed.

Due to rise in the income level of an individual as well as the frequency of the flourishing level of the industries in nearby areas, the rate of property in Pune is growing at its fast pace. The apartments provided by the builders are fully furnished and are available at affordable rates. Hence, this is the main reason why the Properties in Pune is experiencing boom in the real estate market.

Most of the residential projects in Pune for sale are being available in the peripheral areas of the city. Number of the residential projects have been launched in the western locations of Pune such as Hinjewadi, Wakad, Aundh, Balewadi, Talegaon, while others towards east such as Kharadi and Waghol. Hadapsar and Kondhwa in South and South-East Pune have also noticed to have fair amount of development.

The Real Estate Pune has played major role especially in the residential development in peripheral areas which is divided into Eastern, Western, Northern and Southern zones. Kalyani Nagar, Viman Nagar and Kharadi in northeast region are the premium locations with high end properties ranging from Rs 7,000 to Rs 13,000. While the capital value of Southeast zone of Pune properties especially in Magarpatta City, Fursungi IT Park (SP Infocity), Kharadi IT park, the IT development in Hadapsar range from rs 3,000 to rs 4,800. The northwest region like Aundh, Baner, Pashan, Hinjewadi, Wakad and Balewadi serves as an ideal location for the residential development in terms of property in Pune. Recently a number of projects have been launched in this area with the price band of Rs 3,500 to 7,500 per sq ft.

According to DTZ Research, Rahatani has become one of the premier location among real estate Pune for developing major projects by the prominent developers. Several developers are launching number of projects in Rahatani, for example, Mirchandani Palms is one such project launched by Mirchandani Group. According to Anand Bhave, General Manager, Sales & Marketing, Mirchandani Group states that, the project consists of 3 BHK apartments with world class of modern amenities. The rate for the multi-storey apartments in Rahatani are under construction and are expected to be within the price band of Rs 4,000 to 4,200 per sq ft, while ready to move properties are available at the rate of Rs 4,500 to Rs 5,000.

Gini Bellissimo is the another Property in Pune by Gini Construction Pvt Ltd which is located at Dhanori. According to Amit Phulpagar, Sales and Marketing manager of Gini Construction Pvt Ltd states that the project has 2 BHK and 2.5 BHK apartments along with the provided amenities like clubhouse, jogging track, park, party lawn and many others. There are various affordable housing options available in this area, where the rate of 3 BHK flat is within Rs. 55 lakh. The current residential rates in Dhanori are in the range from Rs. 3200-4000/sq.ft.

by: lokeshmanu24

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