subject: Real Estate In Pune [print this page] The confluence of cost correction ( 10%-25% in 2009) along with rational home loan rates offered by banks has increased affordability. With the increasing financial situations as a proof from the elevated absorption of office space, there is much more enhanced work safety, creating desire for refreshing housing in the year 2010. There has been spate of residential launches in the city, with a 10-12% raise in capital beliefs witnessed across all the residential pockets of the city.
Buyers in the mid-income section of housing (INR 3-5 million) have came back in force, as have those for premium class housing. In fact, the year 2010 saw a considerable number of luxury home projects in Pune. Some of the notable ones are Marvel Aurum at Koregaon Park, Marvel Bounty and Azure on Magarpatta Road, Marvel Ganga Sangria at Undri, the recently launched Yoo Pune by Panchshil at Hadapsar and Windmere by Vascon developers at Koregaon Park. The well prepared retail landscape will endure a significant transformation in Pune. Commercials in retail and rent attributes has stabilized, and retailers are now occupying room more aggressively. That is the purpose that Pune real estate is getting into much more boom. Simultaneously getting or availing a property in Pune is a very enormous task. The notable ones consist of Phoenix Market City , K Rahejas Inorbit on Nagar Road, Amanora Market City at Hadapsar and Elbits PlazaCentre at Koregaon Park. Also, G Corp will become operational with approximately 0.4 million sq.ft of retail.
For the first time in ample number of International manufacturers will set up their organizations in Pune. The notable ones will include Zara, Blue O and Spar, which will open their doors to a new line of style and entertainment. In coming years some well-known brands are going to launch for the first time in Pune. Reliance Trendz, PVR, Reliance Footprint, Jack and Jones, etc. will cater to the young and the vibrant Punekar for the first time.
Future Group has additional approximately 0.5 million sq.ft to their Pune portfolio as they have recently launched their mega Pantaloon store at Senapati Bapat Road. Trent has also jumped onto the Pune retail bandwagon. The Tata Group has currently got one hypermarket having the name Star India Bazaar which is located at Pune, and is going for three more.
