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Residential Apartment Projects In Pune

By Expert Author: sandy maick

The city of Pune, with its renowned colleges, strawberry carts and chic-looking Osho slippers, is by all means the city of youth. Surrounded by Sahyadri hills and embellished by Mutha and Mula rivers, Pune is blessed with a beautiful weather all round the year. Furthermore, the city is home to some of the finest and biggest business houses in the country. The rampant growth in educational and business standards have seen traditional Maharashtrian values seam flawlessly with international lifestyles. Pune is seen as the next IT destination as after exploring the market potential in Maharashtra, as leading IT and ITes companies are moving to Pune. According to reports by international property research agencies, the saturation of major IT hubs has lead to a boom in the overall development of tier-III and tier- IV cities. On their look out for new technology centers, corporate leaders are ready to establish their presence it tier-III cities like Pune.

The cultural environment and lifestyle practiced in a city also attach important values to its development. Pune is considered to be a welcoming city full of friendly people, homely atmosphere and beautiful environment. This mesmeric city, as per leading real estate consultants, now ranks in top among the fastest growing cities of India in terms of real estate development.

Pune is now targeted by top investors and IT giants as their next business center leading to its fast paced growth. The entry of BPO industry and Special Economic Zones (SEZs) play a vital role in taking the property prices to unimaginable heights. The connectivity and infrastructure of the city is all set for a makeover with upgradation of its airports, railways and roads.

This city already houses some of the major industries like the automotive sector is prominent in Pune. It is home to the Automotive Research Association of India, which is responsible for the homologation of all vehicles available in India. All sectors of the automotive industry are represented, here. Automotive companies like Tata Motors, Mahindra & Mahindra, Mercedes Benz, Force Motors (Firodia-Group), Kinetic Motors have set ups in Pune. Automotive companies including General Motors, Volkswagen, and Fiat have set up greenfield facilities near Pune, leading the Independent to cite Pune as India's "Motor City". Several automotive component manufacturers like Saint-Gobain Sekurit, TATA Autocomp Systems Limited, Robert Bosch GmbH, ZF Friedrichshafen AG, Visteon, and Continental Corporation are located here. Various major companies are in a flurry to introduce their presence in the city as Pune property prices will double up very soon.

In the last one year, a moderate hike of 10-25 per cent has been recorded in rates of prices of property in Pune but it is expected to increase two to three folds. Owing to the coming up of so many industries, the population of professional migrants is also rising resulting in a higher demand for housing spaces. Also, being close to important cities of Maharashtra Pune is flocked by property investors and developers from across the country which emerges for new residential property projects in pune, residential apartment projects in pune. The demand for service apartments is also surging high due to the consequently large number of professionals and tourists. Pune, today, has marked its position among the top cities that are soon to emerge as huge growth centers of India.

For more information on residential plots for sale in pune and 1 bhk house for sale in pune visit Commonfloor.com

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