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Is Development Drives The Demand Of Residential Properties In Pune

By Author: Vinay Kumar
Total Articles: 128

Initially people used to buy in residential properties in Pune to transform the house into a weekend home or a vacation house but as more and more companies came to set up offices here the whole scenario changed. Pune real estate saw huge investor activity and participation. Although India property Pune has seen a continuous appreciation in the last few years one can find pockets of land which have given more than average return due to growing infrastructure development, property absorption levels, setting up of IT offices/parks, etc . Properties in India always tend to do well and give good appreciation when they are offer a good development scope for future.

Let’s take the example of Viman Nagar property. The area has given extremely good returns in the past. The IT/ ITES development in Kharadi, Wagholi has driven the demand for Viman Nagar property. Many people working in nearby IT parks look to take a buy Viman Nagar property. The setting up of IT parks like Eon, Weikfield IT Park, Raheja Commerzone, Kumar Cerebrum, Giga Space etc. has fuelled the demand of residential properties in Pune.
Employment opportunities have given a boost to development of India property Pune. Even Hadapsar property sees a lot of investor activity. Due to proximity to commercial hubs Hadapsar property witnesses a huge demand both from end-users and investors. People also look to invest in Hadapsar property as it has the presence of physical as well as social infrastructure. The IT developments along with industrial units that are located in Hadapsar have boosted the residential demand in the area. The presence of infrastructure always helps properties in India to appreciate and give good returns.

Competitive prices and scope of appreciation has made India property Pune a preferred investment destination. Residential properties in Pune have seen a rapid growth due to high demand. Affordable prices, good connectivity, development of IT and ITES parks and huge investor activity are some of the factors that have hugely impacted the residential properties in Pune. The city offers various properties for investment from high end luxury villas to ultra luxurious penthouses and apartments. The city also offers various affordable housing options. Many builders too are launching new projects in the upcoming pockets of the city. Several new real estate players have also entered looking at the Pune real estate market. It looks like India property Pune is all set to touch new heights.

Makaan.com is a well known property website offers information on properties in India and India property Pune.

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