Pune promises quality living, thanks to good amount of employment opportunities that the city offers. With reasonably good infrastructure in place, Pune is most sought after place in Maharashtra. Over the years, the city has expanded in all directions. Large amount of the extended area is occupied by realty sector, as the need for housing has increased multi fold, in the wake of swelling population of the city.
New residential projects in Pune are coming up in the outskirts of the city, as the main city has reached saturation. Owing to conglomeration of IT industries in Hinjewadi and Magarpatta areas, IT professionals generally prefer to locate in Hinjewadi or neighboring areas like Baner, Wakad, Aundh, Ravet, Bawdhan, or on the East of Pune, they prefer areas like Magarpatta, Wagholi and Kharadi. Therefore, top builders in Pune have focused these areas prominently. We find development of new residential projects in Pune in these areas. Considering significant population of Engineering Industries in Pimpri-Chinchwad, Bhosari, Nigadi, Akurdi & Chakan areas, we also witness emergence of new residential projects in these areas as well. Areas like Vimannagar, Nanded, Kalyaninagar etc. are known for affluent localities as the new residential projects in these areas are are launched with suave amenities. Whereas, areas like Narhe, Dhayari, Ambegaon etc. are known to cater the needs of middle class. Thus, properties in Pune are coming up for the people from all walks of life. So we find the mix of new residential projects in Pune, offering budget homes and opulent homes.