Impeccable Residences in Pune West

Right from the establishment of metro projects in all major metropolitans in the country to the inception of nearly 51 million new real estate projects in the residential and commercial segments, the last five years have proved to be quite lucrative for the real estate industry and for the Indian economy on the whole. Construction industry has come up as the most flourishing sector in the country. The nation has the ability to become the leading destination for real estate business across the globe, says Mr. Neeraj Bansal, Head of real estate, KPMG India.

With a growth of 43% in the first quarter of 2014 and 55,000 units launched across the eight major cities, the sector is sitting at the pinnacle of growth and development. The support from the government has proved to equally instrumental, be it a 100% FDI allowance for global investors or allocation of funds as high as US $1.16 billion.

Over the last decade, the real estate sector in India has developed to become one of the fastest growing markets for the real estate industry in the world. It has proved to be quite lucrative to the Indian economy, which is clearly suggested by the fact that it contributed nearly 6.3% to the national GDP in 2013. As indicated by the estimates, the size of Indian real estate market is approximately US $ 78.5 billion. The figure is expected to reach approximately US $ 140 billion by 2017.

Needless to say, but major real estate growth has been seen in metropolitans like Delhi/NCR, Mumbai, Chennai, Bangalore, Kolkata and last but not the least- Pune.

 

Real Estate Growth in West Pune

·         Vicinity to Rajiv Gandhi Infotech Park, Hinjewadi and the Mumbai-Bangalore by-pass has helped the real estate activity top boom in this area, as observed by a multitude as one of the future key growth regions in Pune.

 

·         Aundh has seen a lot of real estate growth during the last one year, with a huge number of shopping centers and supermarkets like Ozone Reliance Mart, Croma etc. The locality is well serviced by public transport and has all the necessary amenities such as banks, post offices, shopping centers and schools.

 

·         Demand for residential products in the region is expected  to see a strong growth in areas like Baner, Wakad and Hinjewadi owing to the proximity to the IT belt and Mumbai-Bangalore Highway. Aundh is the most preferred of these localities because of its relative connectivity to the city center.

 

Housing Projects in Pune West

• Lodha Belmondo by Lodha Group: A residential project near Pune Mumbai highway, offers 1-5 BHK apartments, within a price band of ₹ 38 Lac to 10.09 Crore. The area per unit varies around 684-8000 sq. ft. All apartments are ready to move in, with basic amenities ensured for the buyers.
• Sukhwani Gracia by Sukhwani Associates: A residential development in Sus, Sukhwani Gracia provides buyers with ample options in 1-2 BHK apartments, within a price range of Rs.53.92-57.02 Lac. Area per unit varies between 672-969 sq. ft.

All modern day amenities are available for those, with apartments being in ready to move in condition.

 

Pune West  for sure offers a zillion alternatives for those seeking a residential property. But, in the end, it all comes down to your requirements and budget.

Author Bio: Anshuman Kukreti is a professional writer and a keen follower of the Indian real estate market. An engineer by qualification and an artist at heart, he writes on various topics relating to real estate projects across the country.