If the amounts of recent years are anything to go by, Pune has been on top of the investment radar for both experienced as well as first-time property buyers. Known as 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 become a dream for several to get a home in Pune.
Pune's Real Estate Market
Here's an breakdown of Pune's property market- the drivers, the existing trends, latest news, upcoming projects and more.
Pune, the next largest city in Maharashtra is considered to be one of the steadiest property markets in the country. Experts demonstrate that in 2018 Pune is going to 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 the commercial prospects and connectivity options alike. Top builders in Pune are transforming the face area of real-estate in Pune.
Forms of Property in Pune
A major buyer segment of the true 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 few of the factors which have caused these buyers to shift towards luxury homes in Pune.
In terms of luxury housing goes, the most flourishing areas to purchase a flat 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 in some cases, 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 also be one of the reasons why buyers prefer to invest in a 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 range of 94.5 km and facilitates faster and easier connectivity with Mumbai.
Railways:
Buying a flat in Pune also comes with the main benefit of being linked 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 city 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.
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