Surging Demand for Residential Properties in Pune

Surging Demand for Residential Properties in Pune

The real estate market of Pune has offered great returns on investments to the investors, with introduction of a number of innovative construction projects solving the increased demands for residential, commercial and industrial projects.

Pune has marked positive trends in the realty segment. Being developed at a rapid rate, Pune has developed as a city with world-class construction and infrastructure. The main reason for such realty developments in Pune is increased business activities in the area and the increased number of educational institutions. Some of the residential localities like Deccan Gymkhana, Kothrud, Hinjewadi, Model Colony, Koregaon Park, etc., are the prime locations of Pune, where the values of property for sale are quite high.

There localities have seen an increased demand for residential properties, which have led to increased capital value and less availability of the flats. Since these areas are in proximity with the commercial locations of the city, the demands of residential properties keep surging. For those who are planning to invest in the real estate segment of Pune and have limited budgets can opt for buying residential properties in the suburban localities of Pune. Most of these suburbs have good connectivity with the prime locations of the city, and have the potential to get developed in the posh areas, leading to an increase in the capital value in future. The suburban localities have sought attention of real estate builders that has added to the construction and infrastructure boom in the city.

These builders are looking forward to develop new construction sites in the adjoining areas of the city, as well as the areas around the posh localities. The up-gradation of commuting system within the city has facilitated the growth of these sub urban locations. The transportation system connects the prime residential and commercial areas with these suburbs well. Residing in the suburban localities offer a noise free and pollution-free atmosphere, which is also been a driving force for the buyers. Seeing the surging demand of properties in these localities, a number of new residential projects have been started by the leading real estate developers of Pune, such as Gera Developments, Goel Ganga Group, Marvel Realtors, D. S. Kulkarni Developers Ltd., B U Bhandari Landmarks, Nyati Group, Alcon Builders & Promoters, to name a few.

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Commercial properties have also attracted a number of investors. Be it a small, medium or big chunk of property, has the potential to offer high returns on investments. Putting money in the flats and apartments is the latest trend among the buyers and investors, and the builders are also concentrated in developing flats and apartments in the sub-urban areas of Pune.

Those investors who are interested to give away their properties on lease or rent can consider investing apartments and flats. Since the population of Pune mainly comprises of expats, the number of customers who seek flats on rent will never go down. Since the apartments are considered to be safer as compared to an independent house in Pune, the families as well as youngsters living alone prefer residing in these apartments.
Pune offers excellent living standards to people from all segments, along with moderate climate, making it an ideal real estate investment destination. The prices are still within the reach of investors if we compare the same with that in metropolitan cities like Mumbai and Delhi.



Boris Dzhingarov graduated University of National and World Economy with major marketing. He has deep knowledge in SEO and Blog management. He loves to write finance and business related articles as well.

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