What Demonetization Has for Real Estate Market of Pune in The Offering?

Pune is one of the largest and well-known metro cities of India, which always remain in the news headlines for a variety of causes. Particularly, when it comes to the real estate market of Pune, it has been performing very well since the past decade, although incidentally, like every Indian city, the city of Pune has not been left intact of the blow of the nationwide demonetization, which took place the last month in November 2016. 

The demonetization is a momentous step undertaken by the Prime Minister Narendra Modi in the effort to iron out the country’s major critical issues viz. black money, corruption, and terrorism. This undertaking although will bring forth the critical consequences for the real estate sector. Let us see what it has in the offing for one of the major Maharashtrian city Pune. Today, in addition to Bangalore, Pune is recognized the next hub of Information Technology. The real estate market of Pune has been doing very well since the past few years. The high-tech city has been witnessing the ups and downs in real estate sector in the wake of demonetization that is still sweeping across nationwide. 

Every realtor is curious to learn like what effect would the demonetization put on the market, which is also as massive as some of the markets in the other parts of India such as Delhi, Bangalore, Kolkata etc. Well, most experienced realtors now contrive that the step will be a favourable boon for potential investors or buyers and they will have an upper hand on the developers in Pune. The developers in Pune will most decidedly be going through the lack of currency notes and with that said, they will most probably be keen to negotiate with a buyer who appears to be serious about purchasing the property available for sale. The ongoing realestate projects in Pune will witness a massive impact. The downtown part of the city as well as some posh suburbs of the city, which are known for their sumptuous villas and houses, will plummet in terms of price rates.

So now, as a real estate investor or buyer, whether you are looking to buy residential or commercial projects in Kharadi, Baner etc. or highlandsNA plots for sale in Pune will now be relatively cheaper than the usual ones for the next few months. However, the word of caution at the crossroads is that not all every seller will sell his/her properties under the existing circumstances. A buyer can only make the most of the demonization opportunity if a miserable sale takes place. Buyers although who are specifically searching for spic and span properties should not expect the price rate will plummet sooner or later. However, for those who are seriously looking for a home, the builders will be ready for a bargain on some deals and this way, it could prove valuable to the buyers. In short, the next coming six months will be high time for the property seekers to own a property in Pune. An off-putting wave is already sweeping across the realty industry now. So buyers can make hay while the sun shines. They can start looking for homes in specific Pune areas, which they may have traditionally ignored in the wake of the exorbitant pricing.

The Steep Growth of The Residential Real Estate Market of Pune

Pune Real Estate Properties Overview 

The past few years have mightily contributed to making Pune the most sought-after location for property seekers and investors not only from India but also from the different part of the world because of its strategic location. The electrifying city of Maharashtra is nestled in a glorious location, in the proximity of the state’s suburbs. The city is all the rage right now in terms of real estate properties and it is spurring a majority of real estate property investors for investment purposes in the ongoing and completed residential properties in Pune. Eve in the wake of the national and international plummeting economy, the demand for under construction and completed projects in Pune has been growing remarkably. This ‘tech city’ was although not in the limelight some years ago in the real estate market until recently, and it has now turned up one of the most sought-after property destinations in India.

Reasons for Investment 
When it comes to investing in the completed residential projects in Pune, you have a lot of down-to-earth reasons to consider. With this in mind, however, you have to first resolve in which part or area of the city you are willing to buy your dream home. Some of the practical reasons that you can consider for investing in Pune’s properties are the minimum rate of interest offered by varied financial banks, its proximity to Mumbai, gigantic odds for the development in numerous sectors. In addition, it offers first-class infrastructure, evenhanded climate etc. Pune has also become the prominent educational hub of India since it houses a variety of reputable schools colleges and other educational institutions. Students from far and wide of the city and the globe are arriving in the city, which is another added reason for the growing demand for all types of residential properties in Pune.

Topping off

The real estate industry of Pune has not been critically affected much by financial breakdown, and the price rates were found to be quite stable too. There was an inconsiderable slump in the price rates during it and while the market has already started to grow up, they are geared up to resurface. Whether you want to buy 2 & 3 BHK residential apartments Baner Pune, NA plots Paragaon Khandala, or any other residential property in the suburbs of this city, there is a reputable real estate company such as Bu Bhandari to help meet your need. Property market of Pune is witnessing a gigantic surge in India with each passing day. So it is a cost-effective idea if you are serious to buy a property in this high-tech city of Maharashtra.