Pune, being a home to many IT/ITES, blue chip companies, automobile
& manufacturing companies showcases a dynamic real estate market.
With a spate of companies entering into the space, a significant change
can be observed in the overall dynamics of real estate trends in the recent
past.
Pune, also recognized as the Knowledge Hub, is known for having
some of the best institutes and colleges in India. This lures students from all
across the country and also from abroad. The burgeoning industrialization
and presence of numerous colleges has contributed to the growing population of
the city. It has also created the provisions for residential spaces thus
increasing the value of the property
in Pune.
Another reason behind people wanting to shift to Pune is its
pleasant climate all year through along with the abundance of greenery all
around to soothe your everyday life. Several big real estate players from
across the country have started taking keen interest in the city and are
developing residential as well as commercial properties that are transforming
Pune's skyline. The way all the real estate players are contributing &
coming up with top-notch projects offering world class amenities, there is no
doubt that Pune will soon be in the same league as all the other major metro's
in the country in terms of residential properties and their demands. With this,
the demand for property in Pune has
spurred tremendously.
The IT industry has revolutionized Pune's realty market like never
before. It has given birth to another fragment of home purchasers who have
advanced tastes and high buying potential. This has pushed the demand of luxury
apartments in Pune and number of Grade A real estate builders are
coming up with new residential projects in Pune.
Luxury apartments in Pune
Not only leading high-level executives and businessmen but
Bollywood celebrities also prefer buying a plush penthouse or bungalow in Pune
for investment purpose. Many rich investors from Delhi, Bangalore and Mumbai
choose Pune for luxury property investment due to various factors including,
proximity to Mumbai and all year round pleasant weather.
Despite the challenging real estate environment across India, the
residential property market of Pune has managed to maintain its momentum. It
continues to be one of the best performing realty markets in India. Sales may
have slowed down in the last few years but they have managed to remain healthy
enough for maintaining the viability of Pune's real estate sector. This is one
of the major reasons why developers continue to launch fresh projects in the
city in the affordable as well as luxury segment.
A number of premium builders introducing villas and super
luxurious homes, NRI investments are growing multi-fold. Customers are enjoying
the über luxurious lifestyles offered by these builders and they are willing to
shell out the extra money for these services. Today, luxury apartments in Pune offer home automation, iPad controls for
electrical, private lifts to apartments, Italian flooring, premium fittings,
private pools, Jacuzzi, concierge service and many more.
