Where to seek residential project in Pune?

Pune has been undergoing tremendous growth in the real estate sector. A number of real estate developers in India are tapping opportunities to initiate projects in and around Pune. Popular areas like

Pimpri-Chinchwad is the new favorite amongst builders for this purpose. Here we’ll discuss some of the important reasons for the growing popularity of this region.

The market of real estate in Pimpri-Chinchwad is influenced by two different types of buyers. First section of buyers looking for flats in Pimpri Chinchwad includes the job seekers that have been hired by the automotive as well as the IT companies located in the vicinity. Second section of buyers include the investors who have interest in making an investment in this growing region courtesy the guaranteed appreciation rate and the lower property rates. Besides, the Pimpri-Chinchwad Municipal Corporation has long been taking efforts to ensure superior infrastructure in this region. These reasons ensure consistent appreciation of property rates in this region.

Let’s check out some areas with great residential projects in Pune:

Wakad: Real estate growth in Pune is highest in Wakad currently. This is because it is close to many important hubs of Pune such as the Mumbai-Pune expressway, industrial area of Pimpri-Chinchwad, sports complex of Balewadi, Mumbai- Bangalore bypass, etc. The infrastructure is prim and proper here with high end drainage systems, electricity, well maintained roads, proper transportation facilities as well as regular water supply. Location-wise, it is close to Aundh and Baner, with a distance of about 5 to 7 km. Furthermore, it is 11 km away from Pune railway station and 20 km from the airport. It is also close to Mumbai with a distance of approximately 138 kms.

Pimpri invites migrants like IT employees from Hinjewadi, Mumbaities looking for an investment option away from the entire hustle bustle of the city, residents of Aundh and Baner who are seeking a less crowded area for residence, employees from the Pimpri automobile area, and more.

In the next 2–3 years, this area is expected to see an all-round development. There will be better and bigger malls, more townships as well as apartments in the Wakad region.

Moshi: A lot of builders as well as the real estate developers in India are eyeing the Moshi region of Pune. Located in Pimpri-Chinchwad the rate of property in this region are budget friendly. The area is close to the Chakan as well as the Bhosari industrial belt. Factually, development in Moshi began only when it was taken up by PCMC in 2009. As of today, it has a high demand of 1 BHK flats.

Thus, Pimpri-Chinchwad and many more upcoming areas in Pune are having promising real estate developments. If you are looking here for buying or investing purposes don’t think twice, the time is apt!