subject: The Booming Real Estate Pune [print this page] The capital of erstwhile Maratha Empire has finally found her place in the countrys map with the boom the realty sector. The pulsating city of Pune, which has developed over the years, is gradually changing into a cosmopolitan center. The city, which was always treated as a stepsister to its famous sibling Mumbai, is now has made a mark of its own. It is one of the serious contenders for investments in the real estate market. The words expansion and development can be truly associated with the real estate Pune.
Pune is the center of history and cultural learning in the state of Maharashtra. The rich tradition of the state is clearly visible in the lanes and bylanes of Pune. Few centuries ago, Pune was the seat of the Maratha Empire. In the 21st Century, with the addition of infrastructural facilities, excellent educational institutes and abundant job openings, Pune features in the list of best cities to live and work in India. The residential real estate Pune is on the rise due to large number of migration from various parts of the country for work and study. The favorable factors in Pune have increased the demand in the housing sector. The demand of Pune properties have gone up and thus the prices.
Punes commercial real estate segment also saw the development of Special Economic Zone (SEZs). Many new Software Technology Parks (STPs) have come up in various parts of the city. IT sector, which has made its mark in Pune, has resulted in many national and international companies opening of offices in the city. Not just the IT companies, MNCs from other domains like automobile, electronics, FMCG's et al have set up offices and factories in and around Pune. This has also resulted in massive demand in real estate Pune. Every small contractor to reputed property developer in the city is trying to jump in the growth bandwagon.
The city is now dotted with hi-tech office campuses, glitzy malls, shopping centers and super specialty medical centers. From star rated hotels to state of the art conference centers and business facilities, Pune is witnessing constant change. Townships in various parts of the city have outskirts the city has expanded the borders of Pune. There are many mega projects coming up in the city by famous developers.
The townships are the best option for the busy Pune residents. These residential projects are blessing in disguise for residents who have come from other parts of the country and made Pune their home. These townships are coming up in near the work locations and city slickers ideally prefer homes within short distance of traveling from office. Moreover, in these townships, a variety of housing options is available. For couples, there are 1bhk flats available. Row houses, duplex flats and independent bungalows are also part of these mega townships. These townships have all the modern conveniences inside the gated walls. Shops, schools, crche, offices and daily utilities center are part of these townships. These townships have made living and working easy and convenient.
Buying a house in Pune is now easy with some many options. The Property developers and investors are trying to have a pie of Real Estate Pune.
