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If the numbers of the past few years are anything to pass, Pune has been on the surface of the investment radar for both experienced in addition to first-time property buyers. Known 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 offers its residents many modern housing options at relatively low prices and that's why it has turned into a dream for many to get a home in Pune.

Pune's Real Estate Market

Here's an summary of Pune's real-estate market- the drivers, the current trends, latest news, upcoming projects and more.

Pune, the second largest city in Maharashtra is regarded as one of many steadiest property markets in the country. Experts reveal that in 2018 Pune will 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 due to their 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 significant buyer segment of the true luxury properties in Pune consists of the very best management of IT companies and MNCs, along with entrepreneurs and the NRI investors. A better social life, enhanced security, maintenance and modern amenities are a number of the factors that 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 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 cases, 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 be one of reasons why buyers would rather choose 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:

Investing in a flat in Pune also comes with the main benefit of being connected to the majority 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 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 can 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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