Buying homes,
selling plots or even renting- there are lot of parameters that need to be
taken into account. Let’s shed some light on the realty scene in Pune.
Growth
2014 and 2015
witnessed a number of ups and downs in the real estate market. The demand for
investing in properties in 2014 was higher than 2015. More than 200 projects
were launched just in 2014. Last year, the demand went comparatively down.
However, according to statistics, the property rates have been more or less the
same, which is why, the year has nevertheless been rewarding for the
developers.
Hinjawadi and
Moshi, which happen to be unknown localities are also attracting developers and
investors. A lot of investors are also expanding in Lonavala and localities
nearby.
Strategy
Compared to the
other metropolitan cities of the country, the buyers strongly believe that the
property rates are reasonably affordable for the property size in Pune. Most of
the property units are medium-sized, which makes it very convenient and
practical for the buyers to invest in these units. Most of the developers are
flexible when it comes to housing loans, which is also creating customer
satisfaction for the investors.
Performance
A lot of
underdeveloped localities in Pune are witnessing upcoming projects by reputed
builders. Wagholi, Moshi, Pisoli and Hadapsar among few others are recent
examples of this development. On the other side, the areas with infrastructural
efficiency like Baner, Boat Club Road, and Kothrud among others, have a number
of ongoing projects where development of luxurious residential and commercial
spaces is witnessed.
A few US based developers are also keenly taking up luxury
home projects in and around Pune.
As of now,
investing in properties in Pune seems the right time, majorly because of the
affordability. Thanks to the IT parks, even semi-rural and underdeveloped
localities of Pune are now major real estate hotspots.
