Posted on: 19 October, 2015
Pune is considered to be one of the top cities where the environment is conducive to industrial growth. A hotbed of IT and ITES companies the city has benefited from the growth of this sector. At present Pune is one of the major industrial hubs in the country, with all top corporates opening their offices in the city. This has led to the multiplication in demand for both residential and commercial spaces. Hinjewadi, Wakad and Bhaugaon have particularly seen huge surge in the manned and consequently intense real estate activity. To meet the requirements of the huge population which has moved into the city to live and work, realtors are offering wide variety of options.
Pune has been a centre of educational excellence for and quite a while and the IT boom has taken its popularity to the next level. People from different walks of life are moving into the city in great numbers. There has been an increase of 7% in investments in the real estate sector last year and with projects like Pune International Airport and Pune Metro Rail already declared this trend is only see an upward shift. As far as residential property is concerned suburbs are now preferred as they are located closer to IT hubs. According to the experts the property rate in the suburbs will shoot up at least by 10%-15% within 2-3 years. This is also great for people who are planning to buy homes for investment purposes.
Wide selection is available in every segment of residential property, whether luxury, mid-income or budget.3 BHK in Panchshil Towers Pune is a good choice for people looking for urban sophisticated apartments for luxurious living. F residences Balewadi Pune offers high-end homes for people willing to indulge in the best life-style and have no qualms for spending for the same.Wadgaon Sheri, Magarpatta and Kothrud are also considered good for luxury homes. Flats in Baner and flats in Undri, Hadapsar and Talegaon present good options for mid-income and budget homes.
This is also great time to invest in commercial property as government has made many policy changes. One can also invest through Real Estate Investment Trusts and realise attractive returnsLike residential real estate, the commercial segment is also on a rise. If you are looking for Commercial Properties in Pune, you may wish to consider the following locations. These locations offer great connectivity, possess excellent amenities and are extremely cost effective. Viman Nagar, Hinjewadi, Aundh, Weikfield are good areas to invest in commercial property.