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If the numbers of the past few years are anything to go by, Pune has been on the surface of the investment radar for both experienced in addition to first-time property buyers. Referred to as the Queen of Deccan, this city is witnessing a significant rise in housing prices. The values of flats in Pune have risen by significantly since 2017. It includes its residents many modern housing options at relatively low prices and that's why it has changed into a dream for several to buy a house in Pune.

Pune's Real Estate Market

Here's an breakdown of Pune's property market- the drivers, the present trends, latest news, upcoming projects and more.

Pune, the next largest city in Maharashtra is regarded as among the steadiest real-estate markets in the country. Experts demonstrate that in 2018 Pune is going to witness a great transformation, with mega projects being planned by leading developers in high-growth clusters. Areas like Wagholi, Mundhwa and Hinjewadi will continue seeing a rise in property in Pune because of the commercial prospects and connectivity options alike. Top builders in Pune are transforming the face of real-estate in Pune.


Kinds of Property in Pune

A major buyer segment of the luxury properties in Pune consists of the very best management of IT companies and MNCs, along with entrepreneurs and the NRI investors. An improved social life, enhanced security, maintenance and modern amenities are a few of the factors that have caused these buyers to shift towards luxury homes in Pune.

In terms of luxury housing goes, the most flourishing areas to get a set in Pune are Kalyani Nagar, Koregaon Park, Magarpatta, Boat Club Road, Prabhat Road, Sahakarnagar, Salisbury Park, Model Colony, Bhosale Nagar, Sopan Baug, Erandawane and the Aundh-Baner corridor.

Luxury apartments in Pune usually come in configurations of 3 & 4BHKs, which are modelled as sky villas, condominiums, independent bungalows and villas. The residences offer exquisite amenities like terrace decks, pool and cabana, lounge and fresco dining, home automation system and in some instances, a good concierge.

Connectivity

As Pune is certainly one of Maharashtra's fastest developing metropolises, it has no dearth of transportation and connectivity. Nearly all of Pune's new projects are connected to well-knit roadways, railways and public transports. Its location and proximity to Mumbai can also be certainly one of reasons why buyers choose to choose property in Pune.

Roadways:

National Highway 4 connects Pune to Bangalore, Mumbai and Kolhapur, while NH9 contributes to Hyderabad, and NH50 connects it to Nashik.

The Mumbai-Pune Expressway, India's first 6-lane concrete, high-speed road spans a distance of 94.5 km and facilitates faster and easier connectivity with Mumbai.

Railways:

Buying a flat in Pune also comes with the main benefit of being attached to all the major cities in India by the rail network. Local trains connect it to Lonavala and Pimpri-Chinchwad, as the daily express trains link the town to Hyderabad, Kochi, Kanpur, Jammu, Delhi, Mumbai, Bangalore, Howrah, etc.

Airways:

The Pune International Airport at Lohegaon offers domestic flights to all the major cities.

Buses:

With PMPML, you may be assured of excellent transport within the city and the suburbs. The MSRTC also provides buses from main stations in Pune, Swargate and Shivajinagar to prime locations in Maharashtra.

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