Pune Property Market Houses Extensive New Residential Launches

Pune has marked a considerable improvement in the infrastructure, which helped to maintain a steady growth in the property market. Like many other metropolitan cities, Pune too faced the issue of unsold inventories that has led to a drop in the construction of new projects. However, the city’s status of being the favorite destination of professionals and education seekers has changed the fate of its property market. Exclusive demands for properties have been experienced in the past few years, owing to Pune’s growing infrastructural segment.

Pune has been consistent in surpassing most of the other real estate markets, thereby garnering some remarkable healthy returns on investments.

Here are some of the factors that have supported the residential market of the city:

·         Upcoming Pune Metro connecting the major areas of the city, and better road connectivity.

·         Proposed Monorail project, to boost connectivity furthermore.

·         Availability of exquisite constructions with affordable pricing.

·         Mumbai-Pune Highway catalyzing the property market growth.

·         Already operational Bus Rapid Transit System (BRTS) between Sangvi-Kiwale Corridor in Pimpri-Chinchwad and Sangamwadi-Vishrantwadi Corridor.

There has also been an increase in the leasing activities particularly in the commercial segment. Some extensive office occupancy across the important city locations by the key corporate players is a leading indicator of the upcoming demand in residential segment.

New launches

Builders are taking every opportunity to make the most of the new projects. A plethora of new residential projects are lined up across different localities of Pune and builders are offering the best of amenities at highly competitive prices. There has been an increase in property demands along the city fringes and the market has also showcased some positive sentiments. These new projects have made the properties available to the mid income homebuyers, while the luxury home segment has also enticed a number of buyers. Take a look at two such residential projects across Pune.

BramhaCorp Water Bay

BramhaCorp Limited launches BramhaCorp Water Bay, a new residential project in the promising locality of Kalyani Nagar, Pune. Invest in these 1 and 2 BHK apartments and commercial spaces available in varying sizes. These properties suit the requirements of homebuyers having different budgets. The project is sprawled over 3.50 acres, offering 250 units for sale. Properties are available in the price band of Rs. 37 - 58 Lac. Buyers have the options to choose the apartments in the area range of 440 - 969 sq. ft. It is a low density project with 2 residential towers, each with 17 floors. BramhaCorp Water Bay holds approval from Pune Municipal Corporation.

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