Major Growth Factors For Pune Property Market

By Author: Vinay Kumar
Total Articles: 19
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It was hard to conceive Pune, the second largest city of Maharashtra, as a major residential hub, only a few years back. Uneven lanes and its village countenance made it hard to think it as an important commercial hub. But now if one looks around, the city seems to have undergone a complete reversal, in almost every imaginable aspect. Pune property sector needs a special mention in this regard. The city's realty market has grown extensively over decades, and today, it serves as an affordable alternative for buyers who are dismayed at the extortionately large prices prevalent in Mumbai. Though the rates in Pune have also escalated over years, the city still offers several sustainable options.


Several localities where property Pune has got a good outlet for growth are Hinjewadi, Chakan, and Ambegaon. The others like Wakad, Baner, Viman Nagar, Wagholi are the prominent growth corridors. IT sector has flourished well in these high-end localities, attracting a number of expatriates from all across the country. Generation of lakhs of employment opportunities has further strengthened city's property market. Today, ...
... Pune stands as on of the lucrative options for investors.


Pimpri-Cinchwad, unlike other growth areas of the city, has been developed with a meticulous planning and strives to provide community oriented realty services. While the areas developed under Pune Municipal Corporation(PMC) are the result of reckless constructions, Pimpri-Cinchwad (which works under Pimpri-Cinchwad New Town Development) on the other hand, have been brought into existence offers quality living to its residents. The conservation of the green cover, which has seen a rapidly depletion over years, has remained the prime focus for development of residential spaces in Pimpri-Cinchwad. Presence of superior infrastructural facilities, green spaces, and improved quality of living have played a vital role in imparting the area with much significance.


Pune, at present, is home to several high-end IT Parks and global automotive giants. The city also has an array of manufacturing units, to its credit. Property Pune market has got a big boost from its connectivity to neighboring cities. While the city is already served by an international airport, a new airport is also on cards. This new airport shall help the real estate grow considerably in Chakan where it is to built. The city is working on developing its own rapid transit system. Another significant move to boost the connectivity is the upcoming Pune Metro. In its initial phase, the link shall serve between Pimpri and Vanaz. Mumbai Pune Expressway, operational from many years now, has markedly improved the time taken to commute between two cities.


Makaan.com is a major property realestate site that features residential and commercial property Pune. Look for 2, 3, 4, BHK Pune properties, across variable price brackets. Buy, rent, or sell properties featured online.