Investing In Pune? Don’t Miss Out The Opportunity!

By Author: Naiknavare
Total Articles: 4
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First up, I would like to tell you that Pune city which is also referred to as ‘Oxford of the East’ has become a hotspot for real estate investment. Excellent Infrastructure and town-planning has enabled the city to be an Educational epicentre, Industrial and an IT Hub at the same time. All these things have collectively facilitated the city’s real estate sector.
Now-a-days, the luxury homes segment is having an impact on the city’s real estate market. Many players in the real estate sector are developing and entering into large scale projects in various areas of the city like Hinjewadi, Kalyaninagar, Vimannagar, Kothrud, Deccan and Balewadi. All these are budding areas in the city, with a lot of residential property development. As there is a huge scope of investment in these areas, builders like Naiknavare Developers have developed residential property in Vimannagar and launched projects in Balewadi area of Pune, wherein 2 BHK Flats in Balewadi are provided.
Affordable projects are mostly located on the outskirts of Pune, where mostly 1 BHK and 2 BHK flats are provided. Over a last decade, Pune has experienced ...
... a lot of growth in this particular arena. Interestingly, there has been a substantial growth in the high end segment with spacious 3-4 BHK Homes.
While Pune’s real estate landscape is constantly in the mode of expansion, land prices on the outskirts of the city are reasonable. This has prompted the builders and developers to offer affordable residential units, within the price range of Rs 10 lakhs to Rs 22 Lakhs. Thus, the real estate players like Maple, Paranjape Schemes, DSK Builders and Developers and Naiknavare Developers are targeting this segment by providing descent amenities to the residents. They are not just confined to this segment. In furtherance, they are actively planning to expand and spread their wings in the entry-level housing segment.
As such, affordable housing projects have spread across different sectors in Pune. Areas in the city like Moshi near PimpriChinchwad, Pirangut on Lavasa Road and Kirkitwadi off Sinhgad Road are witnessing development activity in the affordable housing segment.
By and large, the demand for these projects comes from the working professionals in IT and Manufacturing Sectors. As major types of industries have been developed in and around the city, the demand for affordable residential housing is increasing amongst the blue collared buyers.
So, buck up and this is the right time to reap the benefits of the favourable real estate sector in Pune city!
About the Author – Like most Goans, the author loves his state known for its culture and friendliness. A real estate broker by profession in Pune, his writings about property in vimannagar and 2 BHK flats in Balewadi speaks volumes of the reason for luring interest in the city.