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If the numbers of recent years are anything to go by, Pune has been on the top of investment radar for both experienced along with first-time property buyers. Referred to as the Queen of Deccan, this city is witnessing an important rise in housing prices. The costs of flats in Pune have risen by significantly since 2017. It includes its residents many modern housing options at relatively low prices and this is exactly why it has changed into a dream for a lot of to purchase a house in Pune.
Pune's Real Estate Market
Here's an breakdown of Pune's real estate market- the drivers, the current trends, latest news, upcoming projects and more.
Pune, the next largest city in Maharashtra is considered to be one of many steadiest real estate markets in the country. Experts reveal that in 2018 Pune will probably 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 because of the commercial prospects and connectivity options alike. Top builders in Pune are transforming the facial skin of property in Pune.
Forms of Property in Pune
An important buyer segment of the luxury properties in Pune contains the top 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 which have caused these buyers to shift towards luxury homes in Pune.
So far as luxury housing goes, the most flourishing areas to get 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 sometimes, a good concierge.
Connectivity
As Pune is among Maharashtra's fastest developing metropolises, it doesn't have dearth of transportation and connectivity. Most of Pune's new projects are connected to well-knit roadways, railways and public transports. Its location and proximity to Mumbai can also be one of the reasons why buyers would rather invest in a property in Pune.
Roadways:
National Highway 4 connects Pune to Bangalore, Mumbai and Kolhapur, while NH9 results in 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:
Investing in a flat in Pune also includes the benefit of being linked 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 city to Hyderabad, Kochi, Kanpur, Jammu, Delhi, Mumbai, Bangalore, Howrah, etc.
Airways:
The Pune International Airport at Lohegaon offers domestic flights to any or all 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.
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