Pune is expanding its real estate scope in all directions. Owing to the city centres getting saturated the city's suburbs are gaining popularity in the realty segment.
Pune extension like Viman Nagar, Aundh, Kalyani Nagar are being preferred over the prime areas since they command reasonable property prices and are accessible from the prime areas. In Kalyani Nagar the apartment capital values are around Rs 5000-5500 per sq ft while the rental for a 2 BHK is about Rs 12000-16000 per month.
The far eastern parts of the city are witnessing major developments by far. Kharadi, Wagholi, Hadapsar; and the northern parts of the city, primarily the Pimpri-Chinchwad area, are emerging as the key growth centres. The fringe southern areas like Kondhwa, NIBM Road, Sinhagad Road, Vadgaon are developing swiftly, too.
Areas in the industrial belt of Pune, Kharadi, Wagholi, Hadapsar have also captivated the attention of Pune Real Estate Developers, of late. Primarily because of the proximity of these areas to the airport and railway station the real estate development is catching-up. These are also close to the plush residential areas of Kalyani Nagar and Koregaon Park, and offer property options at a much lower rate.
On the commercial front as well the CBD areas have given way to multiple emerging micro-markets like Kalyani Nagar, Senapati Bapat Road, Mundhwa, Aundh, Baner and Yerwada.
Residential Property in Pune is seeing an increase in value at a meteoric rate. Like other growing cities Pune is also fast grasping the trend of larger and premium homes. As a result, Pune Property Developers are now providing amenities like, swimming pools, gymnasiums, club house etc. in their residential projects at affordable costs. These are largely attracting the NRI and HNI segment of buyers and investors.
Industry experts feel that the real estate market of Pune is bound to escalate in the future. They see vital investments pouring in via weekend homes, commercial zones and studio apartments. Moreover, Luxury township trend is also likely to continue for a while in Pune.
Real Estate Agents in Pune
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