The Potential of Real Estate Property Market in Pune‘s Suburbs

Pune over the recent years has surfaced as one of the fastest growing cities in India because of the gigantic development in every industry has made. This Maharashtrian city located within the stone’s throw of Mumbai continues to witness a gigantic boom in its real estate industry. In spite of the international recession, the demand for commercial and residential completed and up-coming projects in Pune has been growing. This high-tech city has been growing by leaps and bounds over the past few years in terms of real estate market and today it looked upon one of the most sought property destinations.

A few key reasons that play a large role in the escalating demand for real estate properties in Pune could be the low rate of interests that financial banks offer, its propinquity to Mumbai, heightened potential for development, first-rate infrastructure, pleasant climate and several other constructive reasons. This special location has also become a well-known and popular education hub in India, as it covers a number of well-regarded colleges and educational institutions. Students from far and wide of the nation flock to the city, thus spurring the demand for residential real estate properties like apartments, houses, flats, etc.

The vast range of IT companies that increasingly grow in the city also spurs the demand for real estate in a city and the same is responsible for the development of Pune. In addition to the wide-ranging commercial establishments being established in the city such as commercial complexes, offices, excellent infrastructure, etc., there is a demand for creating additional living spaces. People who have come from different places of India for either studying or doing jobs in IT and BPO industries definitely need to have an accommodation in the city, which evidently spurs the demand for residential properties.

Property in Pune Shirwal and NA plots in Ambarwadi incidentally has created a sensation among the most number of real estate buyers. The projects in this area have sumptuous amenities, malls, multiplexes and massive corporate entities. The suburb areas of Kharadi are also driving the attention of the most number of investors and property seekers.

Also commonly dubbed as 'Queen of the Deccan', Pune is now the hub of development with a legion of both IT and residential on-goingplotting projects taking place increasingly. The city has now become a competitor to Bangalore when it comes to the IT investments. On the whole, Pune's ongoing and completed real estate projects are the magnet for a maximum number of property investors far and wide.