Pune One of the Best Places to Live – Find Available Residential Property in Pune

by Param Pw Real Estate Now there are luxury and ultra-luxury Apartments in Pune. This shows that the city has become one of the best places to live even for the top-end people and high earners. However after the budget 2013 which slapped the top end earners by levying additional taxes on them, the luxury residential market across India is affected. After the budget owning a luxury home has become costlier ever. This has affected, but only slightly, the sentiments of the buyers.

The sentiments of the top end earners are never affected by the external conditions. As they have sufficient money to spend for items of their choice, they buy homes or vehicles at any times according to their whims and fancies. The presence of such top earners in the city really consoles the builders and the developers who face sluggish sales of Residential Property in Pune. There is sluggishness in the residential market across the country.

However the sluggishness is expected to be overcome by the beginning of the next financial year in which the middle income home buyers will be more active. The demand will be more for the middle income houses mainly with the proposal of Rs.1 lakh deduction to the home buyers who will take home loans up to Rs.25 lakh. This will improve the situation and the builders hope to sell out a majority of those Properties For sale in Pune.

According to the opinion of the real estate experts, the housing sector will revive with the special focus on middle and affordable housing. The demand will be more in the tier II cities and other small towns. However they add that the luxury housing segment will be affected by the budget. There will be comparatively less demand for ultra-luxury or luxury Apartments in Pune or in any other emerging cities. It, the sluggishness, may not affect any of the bigger cities like Bangalore or Mumbai.

On the other hand the housing sector as a whole in the city will be boosted by the finance budget 2013. Middle income people will demand more for the affordable Residential Property in Pune. It will help the builders and developers overcome the sluggishness existing in the construction sector. Besides the residential development, they will also be able to develop commercial projects as well.

In all the ways, real estate sector in the tier 2 cities will be boosted. The remaining Properties For sale in Pune will be cut short by greater extents. In the opinion of the experts, it is the right time to have investment in the city as well. By investing in the city now, the investors can secure better returns in the future or within a quicker period. The builders too expect an improved sentiment of the investors.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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