What Makes Real Estate In Pune Attractive?

by Clicbrics Team

Situated to the west of Maharashtra, Pune is the eighth largest metropolis in the country and the second largest city of Maharashtra. The city is indeed one of the fastest developing real estate markets of India. It has a gracious shining past, a groundbreaking present, and a promising future. Considered as one of the fastest growing cities of west India, Pune's traditional old economic industries continue to play a pivotal role towards growth and development. Pune's real estate includes government and private sector, research institutes, manufacturing, information technology, and automobile.

The demand for property in Pune has also increased due to the rapid growth of the industrial sector. The last few years have seen the inclusion of defence, engineering and other major industries making Pune their headquarters. The real estate prices in Pune are increasing with an increased input cost of the developers along with the rise in investor's demand from the peripheral locations. The maximum demand for property in Pune has been encountered in the ₹ 30 - ₹ 40 Lacs category and this is further expected to increase. Demand for residential apartments in West Pune is emerging due to the presence of IT hub located in the Rajiv Gandhi InfoTech Park, Hinjewadi.

Information Technology seems unstoppable in Pune. After Bangalore, Pune has emerged as a home to many IT companies in the country. At present, the IT/ITes sectors account for 75% of the total office space occupied in Pune and the speed at which these sectors are flourishing has accelerated the construction activity in the office space market. The establishment of Tata Consultancy Services, Infosys, Tech Mahindra, Wipro, and Cognizant have changed the face of Pune into a major IT hub.

In terms of connectivity, Pune constitutes a number of Indian highways and state highways. With the presence of NH 4, Pune is connected to Bangalore, Mumbai, and Kolhapur. Likewise, NH 9 joins Pune to Hyderabad and NH 50 to Nashik. The State Highway connects the city to places like Aurangabad, Ahmednagar, and Alandi. India's first six-lane high-speed expressway, the Mumbai-Pune Expressway built in 2002, became responsible for changing the overall connectivity of the city. The Expressway has reduced the travel time between Mumbai and Pune by 2 hours. The Pune International Airport operates with International flights as well as offers domestic flights to other major cities of the country. Pune's local trains enjoy the connectivity to Lonavala and Pimpri-Chinchwad whereas the daily express trains link the city to Hyderabad, Kochi, Chennai, Kanpur, Jammu, Patna, Mumbai, Delhi, Coimbatore, Bangalore, and many more.

Regarding residential properties, you have end number of under-construction and ready to move flats in Pune. As a smart city, Pune has the investment of top real estate developers with the maximum focus on areas such as Hinjawadi, Manjari, and Undri-Saswad Road. Buying a home in any of these places will have easy accessibility to schools, hospitals, malls, corporates, and more. The residential properties are thoughtfully designed along with the development of tree-lined roads, well-manicured landscape, abundant green open spaces, peaceful environs with a balance of health, joy, recreation, and rejuvenation.

The 1/2/3 BHK flats in Pune are intelligently designed to offer distinguished living space with all luxuries. The developers have upgraded the complexes with hi-tech safety and security features such as CCTV cameras in common areas, video door phones and intercom facility, gas detection system, walled perimeter wired with adequate anti-scaling measures, voice evacuation system, etc. More importantly, you will find sustainable, eco-friendly development practices including rainwater harvesting, use of solar energy, green plantation for clean air and curbing pollution, and much more.