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If the numbers of the past few years are anything to pass by, Pune has been on the surface of the investment radar for both experienced in addition to first-time property buyers. Called the Queen of Deccan, this city is witnessing a significant rise in housing prices. The costs of flats in Pune have risen by significantly since 2017. It offers its residents many modern housing options at relatively low prices and that's why it has become a dream for most to purchase a house in Pune.
Pune's Real Estate Market
Here's an summary of Pune's property market- the drivers, the current trends, latest news, upcoming projects and more.
Pune, the second largest city in Maharashtra is regarded as one of the steadiest real estate markets in the country. Experts reveal that in 2018 Pune will witness a good 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 due to their commercial prospects and connectivity options alike. Top builders in Pune are transforming the face of real estate in Pune.
Forms of Property in Pune
A major buyer segment of the luxury properties in Pune includes the utmost effective management of IT companies and MNCs, as well as entrepreneurs and the NRI investors. An improved social life, enhanced security, maintenance and modern amenities are a few of the factors which have caused these buyers to shift towards luxury homes in Pune.
In terms of luxury housing goes, the absolute most flourishing areas to buy a flat 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 can be found 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 cases, even a concierge.
Connectivity
As Pune is 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 is also one of why buyers would rather invest in a property in Pune.
Roadways:
National Highway 4 connects Pune to Bangalore, Mumbai and Kolhapur, while NH9 leads 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:
Purchasing a flat in Pune also includes the advantage of being connected to all of the major cities in India by the rail network. Local trains connect it to Lonavala and Pimpri-Chinchwad, while 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 or any the major cities.
Buses:
With PMPML, you may be assured of excellent transport within the town and the suburbs. The MSRTC also provides buses from main stations in Pune, Swargate and Shivajinagar to prime locations in Maharashtra.
For more details please visit Lodha Nibm Pune.