CELEBRATE THE NEW-YEAR 2019, WELCOMING & GIFTING YOURSELF A PROPERTY IN PUNE
Pune is the second largest city in Maharashtra and the eight
largest cities in India. It consists of two municipal corporations, Pune and
Pimpri Chinchwad. This city has an impeccable record of highest growth within a
span of 20 years. It has always played an important role in India’s economic
development. It is also famous for its rich cultural, and educational
institutions. As IT industry is booming, the job opportunities are tremendously
increasing for the new graduates and IT professionals. The automotive industry,
being the most influential. IT and education are the other major sectors here.
Pune has a very cosmopolitan, young and urbane crowd. It is
known as the Oxford of the East because of the presence of a number of
educational institutes and colleges, due to its rapid growth rate, this metropolitan
city is attracting various IT companies to set up their base and corporate
offices here. Also, art lovers have a lot to explore by visiting places of
their interest. Well-paying companies have increased the demand for affordable
and luxury properties in Pune.
The growth of the real estate industry of Pune is not a
temporary phenomenon. The city will remain in a growing phase in the coming
years. Therefore, the main focus of property developers is on the improvement
of its infrastructures such as the construction of new roads, broadening of
existing roads, construction of flyovers and subways. So that they can reduce
traffic jams and making the public transport more efficient. With these
facilities, Pune will continue to grow and prosper shortly.
With the favourable price situation arising in the
residential property market, genuine home buyers are investing in residential
properties in Pune. Owning an apartment or land so that they can build a dream
house is the dream of many of us. However, the rise in prices is inevitable,
buyers with a need will buy the property. With the proliferation of the
internet and the rise of property portals and websites of agents and builders,
today’s digitally-savvy customers can short-list multiple properties in a short
period of time, as per their requirements. The Real Estate (Regulation and
Development) Act (RERA) also makes it mandatory for projects to be registered
with the state’s regulatory authority and for information pertaining to the
project to be uploaded on the authority’s website.
Property buyers, hence, can cross-check and validate
information from multiple sources online, before taking a call on-site visits
or final purchase. Festival-centric campaigns conducted online, by real estate
players, also ensure visibility to unique projects across India. Such
initiatives assist the customers to stay abreast with the latest developments.
Rising population is increasing the demand for residential
property in Pune. Right now, Pune is expanding, and barren areas are converted
into townships and urban centres. Commercial and residential properties are
attracting the attention of genuine buyers and investors. Foreign investment in
real estate of Pune is also witnessed.
The decline in the real industry had brought affordability and availability of residential properties in areas that were previously out of reach for middle-class buyers but right now, Pune’s real estate market is buzzing with activities and the city is extending its borders to accommodate new residential, commercial & industrial areas.
The question arises where to buy property? So, there are
five main markets for real estate purpose namely Central, South, North, West,
and East Pune. Each of the zones filled with different facilities and
specialities. It is wise to take overlook of each and every zone before buying
any property in Pune real estate market. Nowadays, it is not wrong to say,
Pune’s real estate market is the most promising realty market for investment.
It is an excellent time to purchase properties in Pune. Even, there is no need
to wonder if we call Pune as ‘The Queen of Deccan’ because the city is habitual
to discover her rightful location at the last in the real estate durbar of
India.
“Pune is not just about square feet, but wise indoor spaces”.
The areas that have the highest real estate values in the city
are Deccan Gymkhana, Hinjewadi, Model Colony and Koregaon Park but some cannot
afford such a high rate. Therefore, top builders in Pune are offering the best
residential properties in new areas like the Camp, Shivaji Nagar, Kalyani
Nagar, Wakdewadi, FC Road, JM Road, and Nagar Road. These areas are economic as
compared to the other areas of the city. That’s why the areas surrounding the
prime areas of the city are driving the construction and infrastructure boom.
Builders and property developers are trying to tap this opportunity and are
trying to upgrade the transport link between the prime areas and the new areas.
This will help them to improve the prospects of the property. For example,
there is a new bridge, built between Koregaon Park and Kalyani Nagar, which has
cut down the distance between these two places by about half an hour. So, the
people who have their jobs in Koregaon Park can seek affordable residential
properties, Kalyani Nagar.
