Nowadays, top builders have taken the real estate marketplace for residential properties in Pune by storm. Industry leader builders are offering lots of luxurious residency at an affordable rate. It is a sad truth that 2014 was not a good year for buying residential properties in Pune. Even, some real estate report stated that last two years was to the great years from real estate point of view. The reason behind this is an economic slowdown. Even, experts had seen the downward trend in not only Pune but also in Chennai, Delhi and Bangalore.
Lots of potential buyers had to wait for purchasing properties in Pune due to skyrocketing rates. Residential Property Market of Pune is Booming No doubt, this year, market of residential properties in Pune has not seen any downward trend. If we make compare different property markets in the nation, then most of the top real estate companies have rejoiced the steady momentum. Factors Causing Increase in Demand Pune may be the fastest growing of country and also is a hub of IT companies & producing base for the auto industries. However, real estate market is taking benefit from western to the eastern side of Pune. Not only I but other real estate market experts accepted the fact that there is outstanding growth in properties in Pune.
It is more surprising that the rates of real estate market in the city have expanded by approximately 40% since 2011. Even normal home charges have increased from 3700 rupees per square ft. To 6000 rupees per square ft. Further, if we compare to another national capital region; Pune’s market is performing well. Multi-storey homes have become a standard house due to the increasing prices of residential properties in Pune. Various residential projects in Pune are coming up in each and every area. The reason behind the development of each area is: some demand for a prime location, other one demands closes from the commercial market. But, the unique that city offer is that- at each location, you will get schools, hospitals, and entertainment centers.
Top market researchers said, in the upcoming years, there is a sign of tremendous growth in the field of residential properties in Pune. Large numbers of national and international real estate development companies are coming to the city market. The potential investors in Pune are being offered by different choices like 3-4 flats, stylish penthouse and more. Top developers are providing luxurious to reasonable housing choices to their potential buyers. Most of the upcoming residential projects are placed on the outskirts of the city. The luxury residence market is flourishing. However, potential buyers are additionally finding budget housing choices for the investment point of view.