Pune, being a home to many IT/ITES, blue chip companies, automobile & manufacturing companies showcases a dynamic real estate market. With a spate of companies entering into the space, a significant change can be observed in the overall dynamics of real estate trends in the recent past.
Pune, also recognized as the Knowledge Hub, is known for having some of the best institutes and colleges in India. This lures students from all across the country and also from abroad. The burgeoning industrialization and presence of numerous colleges has contributed to the growing population of the city. It has also created the provisions for residential spaces thus increasing the value of the property in Pune.
Another reason behind people wanting to shift to Pune is its pleasant climate all year through along with the abundance of greenery all around to soothe your everyday life. Several big real estate players from across the country have started taking keen interest in the city and are developing residential as well as commercial properties that are transforming Pune’s skyline. The way all the real estate players are contributing & coming up with top-notch projects offering world class amenities, there is no doubt that Pune will soon be in the same league as all the other major metro’s in the country in terms of residential properties and their demands. With this, the demand for property in Pune has spurred tremendously.
The IT industry has revolutionized Pune’s realty market like never before. It has given birth to another fragment of home purchasers who have advanced tastes and high buying potential. This has pushed the demand of luxury apartments in Pune and number of Grade A real estate builders are coming up with new residential projects in Pune.
Luxury apartments in Pune
Not only leading high-level executives and businessmen but Bollywood celebrities also prefer buying a plush penthouse or bungalow in Pune for investment purpose. Many rich investors from Delhi, Bangalore and Mumbai choose Pune for luxury property investment due to various factors including, proximity to Mumbai and all year round pleasant weather.
Despite the challenging real estate environment across India, the residential property market of Pune has managed to maintain its momentum. It continues to be one of the best performing realty markets in India. Sales may have slowed down in the last few years but they have managed to remain healthy enough for maintaining the viability of Pune’s real estate sector. This is one of the major reasons why developers continue to launch fresh projects in the city in the affordable as well as luxury segment.
A number of premium builders introducing villas and super luxurious homes, NRI investments are growing multi-fold. Customers are enjoying the über luxurious lifestyles offered by these builders and they are willing to shell out the extra money for these services. Today, luxury apartments in Pune offer home automation, iPad controls for electrical, private lifts to apartments, Italian flooring, premium fittings, private pools, Jacuzzi, concierge service and many more.