If the variety of the past few years are anything to go by, Pune has been on the surface of the investment radar for both experienced as well as first-time property buyers. Referred to as the Queen of Deccan, this city is witnessing a significant rise in housing prices. The costs of flats in Pune have risen by significantly since 2017. It includes its residents many modern housing options at relatively low prices and this is exactly why it has turned into a dream for several to purchase a house in Pune.
Pune's Real Estate Market
Here's an breakdown of Pune's real-estate market- the drivers, the present trends, latest news, upcoming projects and more.
Pune, the next largest city in Maharashtra is regarded as being among the steadiest real-estate markets in the country. Experts reveal that in 2018 Pune will probably witness a good 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 face of real-estate in Pune.
Types of Property in Pune
A significant buyer segment of the blissful luxury properties in Pune consists of the most effective management of IT companies and MNCs, in addition to entrepreneurs and the NRI investors. A much better social life, enhanced security, maintenance and modern amenities are a number of the factors which have caused these buyers to shift towards luxury homes in Pune.
So far as luxury housing goes, the absolute most flourishing areas to get 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 come 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 sometimes, even a concierge.
Connectivity
As Pune is one of Maharashtra's fastest developing metropolises, it has no 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 one of the reasons why buyers would rather buy property in Pune.
Roadways:
National Highway 4 connects Pune to Bangalore, Mumbai and Kolhapur, while NH9 results in Hyderabad, and NH50 connects it to Nashik.
The Mumbai-Pune Expressway, India's first 6-lane concrete, high-speed road spans a distance of 94.5 km and facilitates faster and easier connectivity with Mumbai.
Railways:
Purchasing a flat in Pune also is sold with the benefit of being attached to all of the major cities in India by the rail network. Local trains connect it to Lonavala and Pimpri-Chinchwad, while 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 all or any the major cities.
Buses:
With PMPML, you may be assured of excellent transport within the town and the suburbs. The MSRTC also provides buses from main stations in Pune, Swargate and Shivajinagar to prime locations in Maharashtra.
For more details please visit Lodha Nibm Pune.
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