subject: New Trends Have Transformed Pune Real Estate Market By Introducing Townships Projetcs [print this page] Several new trends have transformed Pune Real Estate market in recent times dramatically changing the way Punekars live and work. Real Estate Industry of Pune started witnessing waves of growth around the late 90's when IT and related companies started setting their base in the city. With bigger names coming here with their business have started booming this place instantly.
Great demand for the quality residential spaces and availability of huge land parcel between Punekars have started witnessing trends like integrated township projects during that period. With the changing faze of Pune many developers have come up with the township projects.
Township projects require a minimum of 100 acres of land have made a radical difference to the average Punekar's lifestyle discovering the pleasures of having everything from shopping complexes to Schools all within walking distances.
Townships project has already figured prominently on Pune's residential real estate landscape in 2012 with the abundant land parcels available in peripheral areas of the city. Residential township offering several advantages over other residential property in Pune. However the buyer should be aware that such properties involve 10-15% premium on account of the added ambience.
Offering a complete package of sound infrastructure township comes with lifestyle amenities in a well planned layout having their own infrastructure so they are not dependent on the local municipal corporation. Since the developers manage the township themselves the buyer can be assured about the security of their family as the safety quotient is high in a twonship.
In the township projects the standardised planning and construction ensures uniform appreciation of property values and moreover it is provided alot of dedicated open spaces which adds to overall ambience and quality to life.
As today Pune boast with good residential projects of township and also the other projects in various parts of city. On the eastern side at Hadapsar for instance, Magarpatta City and Amanora Park Town have become destinations in themselves. Other township in the city include Megapolis a project at Hinjewadi by Pegasus Properties a joint venture between Kumar Properties and Avinash Bhosale Industries Ltd (ABIL). A township is a larger development with bulitin amenities and facilities in short urbanisation is taking place in Pune and people are moving to outskirts for a better life.
Homes buyers are also attracted to townships because of the quality infrastructure that they offer as compared to the rest of the city. Pune has always been reputed for offering a comforatble, high-quality standard of living to its residents. Such integrated development are beneficial for both home buyers and the developers having the advantage of all their needs met at a single location offering developers a variety of benefit mixed with use constructions, better branding opportunities and a chance to bring in new technologies involving eco-friendly amenities defining the property market in coming years.
