If the amounts of the past few years are anything to pass by, Pune has been on the surface of the investment radar for both experienced in addition to first-time property buyers. Called the Queen of Deccan, this city is witnessing a substantial rise in housing prices. The values of flats in Pune have risen by significantly since 2017. It offers its residents many modern housing options at relatively low prices and this is exactly why it has turned into a dream for most to get a house in Pune.
Pune's Real Estate Market
Here's an overview of Pune's real-estate market- the drivers, the existing trends, latest news, upcoming projects and more.
Pune, the 2nd largest city in Maharashtra is regarded as one of many steadiest real estate markets in the country. Experts demonstrate that in 2018 Pune will witness a great transformation, with mega projects being planned by leading developers in high-growth clusters. Areas like Wagholi, Mundhwa and Hinjewadi will continue seeing a rise in property in Pune because of their commercial prospects and connectivity options alike. Top builders in Pune are transforming the facial skin of property in Pune.
Types of Property in Pune
A major buyer segment of the blissful luxury properties in Pune contains the most truly effective management of IT companies and MNCs, as well as entrepreneurs and the NRI investors. A much better social life, enhanced security, maintenance and modern amenities are a few of the factors that have caused these buyers to shift towards luxury homes in Pune.
As far as luxury housing goes, probably the most flourishing areas to buy an appartment in Pune are Kalyani Nagar, Koregaon Park, Magarpatta, Boat Club Road, Prabhat Road, Sahakarnagar, Salisbury Park, Model Colony, Bhosale Nagar, Sopan Baug, Erandawane and the Aundh-Baner corridor.
Luxury apartments in Pune usually can be found in configurations of 3 & 4BHKs, which are modelled as sky villas, condominiums, independent bungalows and villas. The residences offer exquisite amenities like terrace decks, pool and cabana, lounge and fresco dining, home automation system and in some instances, even a concierge.
Connectivity
As Pune is certainly one of Maharashtra's fastest developing metropolises, it doesn't have dearth of transportation and connectivity. Most of Pune's new projects are attached to well-knit roadways, railways and public transports. Its location and proximity to Mumbai can be among why buyers prefer to invest in a property in Pune.
Roadways:
National Highway 4 connects Pune to Bangalore, Mumbai and Kolhapur, while NH9 contributes to Hyderabad, and NH50 connects it to Nashik.
The Mumbai-Pune Expressway, India's first 6-lane concrete, high-speed road spans a range of 94.5 km and facilitates faster and easier connectivity with Mumbai.
Railways:
Buying a flat in Pune also is sold with the benefit of being linked to most of the major cities in India by the rail network. Local trains connect it to Lonavala and Pimpri-Chinchwad, as the daily express trains link the town to Hyderabad, Kochi, Kanpur, Jammu, Delhi, Mumbai, Bangalore, Howrah, etc.
Airways:
The Pune International Airport at Lohegaon offers domestic flights to any or all the major cities.
Buses:
With PMPML, you can be assured of excellent transport within the city and the suburbs. The MSRTC also provides buses from main stations in Pune, Swargate and Shivajinagar to prime locations in Maharashtra.
For more details kindly visit Lodha Nibm Pune.
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