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Property In Pune: The Ongoing Trends
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Pune real estate seems to be a good realty market, thanks to the quality infra in the city the residential property is faring much better as compared to other major Indian cities. The predominantly end-user real estate market has rendered properties Pune to attract developers as well as buyers. Let's have a look at a few highlights and the ongoing trends of Properties Pune.
NRI Interest:The NRI investors have been showing keen interest in properties Pune , the reasons being many. Many NRI and PIO have the roots in the Maharastrian city, so feel connected to the their roots. Many of those who are planning to return to their homeland need a Pune residential property to stay in after they come back. The investment in commercial projects is also seen as a prevalent trend: they mostly invest by forming partnerships with others or framing a private company.
More demand: Another noticeable trend is the more of demand of flats in Pune as vis-a-vis the supply available in the realty market. Whether its flats in Majiwada or Wagholi flats for sale the demand of Pune residential property is increasing. So, the correction in prices is not likely to happen anytime in near future according to realty experts. The skyrocketing rise in the construction prices of flats in Pune is another reason that is responsible for the delay in correction of prices of Pune residential property. As far as commercial properties Pune is concerned, the trend is just the opposite: a large number of commercial office spaces have been left unoccupied in IT-driven localities, this could be due to high property and rental prices.
New Properties Pune:Apart from buying flats in Pune buyers are also interested to buy other types of Pune residential property such as top-class villas, penthouses and row- houses. The buyers are showing interest here and in the months to come, the housing projects from some renowned developers are expected to launch several new properties Pune. In addition, several small plotted constructions can also be seen dotting the city.
More demand for larger flats: The other highlights of the Pune are: demand for 3 BHKs flats in Pune over 2 BHKs where the differences in their area is not much. Maybe looking at future requirements or property trends more people are preferring to buy larger flats in Majiwada or Wagholi flats for sale. Hardly any demand is seen for 1 BHK flats in Pune especially on the outskirts of the city where prices are still affordable.
Prospective buyers can search for properties in India and flats in Pune at Makaan.com, India's fastest growing property India site. Our website has a comprehensive list of property in India.
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