A New Gadget can Impact Property in Pune

The city of Pune to newcomers to the city often gives the impression of possessing a carnival atmosphere; it may after all be the youth capital of the country where many of the countries young people study and work. Much of the property in Pune is built keeping in mind the relatively young demographics of the city and an upward mobility found in only a few other urban centers in the country. Any young person in the country is guaranteed to have an enjoyable experience in Pune should they happen to visit the city.

 

House parties which take place often at flats in Pune are common, so is going out to a pub for drinks on weekends. The city has some of the best DJ’s in the country and loud music is often heard in the city at what would be considered odd hours in most other cities. Pune can be understood as a magnet for the young in the country who are drawn to it because there are so many of them in a city which also provides great professional opportunities for young people in their 20’s.

 

The young are so powerful a force in the city that property in Pune reacts to their whims and fancies. If a brand new must have expensive gadget is released in the country, it is likely to have an impact on real estate projects in Pune. How? Well a young person who is eligible to own property in Pune and has though of doing so may defer his or her purchase because of the prospect of owning the latest electronic product. Such a person could be the ideal homebuyer with a stable monthly income and of sufficient maturity and age, but the simple fact that the next must own product has been released makes him change his mind and defer taking out a loan as he or she can afford to wait to own perhaps a flat in Pune but not the said gadget.

Now consider that the city has thousands of such individuals and you and well imagine the large impact such a substantial number of potential homebuyers can have on the sale of flats in Pune and on its real estate market.

 

Youth culture in Pune also affects other aspects of the cities real estate sector. As we all know where a property is located is paramount when looking for a home. Now take into consideration the conflict between the old and the young. The young if possible would likely try to live without attracting attention or judgement from the elderly. They would like to live in an enclave separate from the those whom they consider mostly likely don’t understand them and may give them reason to reconsider their activities and chosen path in life. This has led to property in Pune at many locations to be occupied exclusively by young people separate from the other inhabitants of the city whom they consider to be party poopers. This separateness is not just directed towards retirees, even many over 35 are considered to be a different species to be avoided when in the relaxing company of friends to be spoken to only at the office or official parties after work.

 

Environmental bonus of property in Pune

One of the most attractive features of Pune lies outside the city. The city is surrounded by lush greenery which residents of the city often visit during the weekends. Pune’s residents are lucky to be surrounded by such an abundance of nature from all sides; living in such picturesque surroundings may even drive someone living in Mumbai mad with envy.

 

Often on holidays and weekends if one were to venture towards the outskirts of the city they would find teams of people trekking among the hills and basking in nature’s bounty. Having such attractive scenery in its surrounding areas adds great value to residents of Pune while at the same time contributing towards, as yet difficult to calculate, a premium value for property in Pune.

 

While most other large cities in India are heavily polluted and cause harm to numerous families due to poor health resulting in reduced lifespan and higher medical expenses, Pune is large enough to provide everything a modern city dweller needs without the menace of ghastly pollution to dampen your health and your enjoyment out of  life.

 

This makes owning 2 bhk flats in Pune a great idea indeed. Many homes in large Indian cities now have what looks like a giant speaker but is in fact an air purifier. Such appliances are deemed necessary by residents of these cities as these individuals have a hectic lifestyle with great commitments to family and friends and cannot afford to fall ill. Such an appliance is not only costly but its effectiveness is also questioned by many. Yet many feel they cannot afford to take a chance and purchase something which today may be akin to purchasing snake oil from a snake oil salesman.

 

Those living in Pune not only may not have any use for such a device, but if they have not traveled recently to Delhi or Mumbai most likely are unaware that such a device even exists. Hence those who own property in Pune and have lived in the city for some time may not only have more disposable income in hand than those living in larger cities but are also likely to live longer and have fewer visits to a doctor for respiratory ailments as well.

 

This almost certainly makes Pune one of the best cities in the country to live in. While according to an official report thousand if not hundreds of thousands are expected to die in the most densely polluted cities in the country due to air pollution over the next few decades, residents of Pune will enjoy what may amount to a far higher standard of living which almost certainly means that Residential projects in Pune is too likely to remain highly coveted by outsiders.

Not only should this make us want to live in the city but should make us want to actively seek residential projects in Pune with the best surrounding air quality. Doing this shall enable us to live in one of the least polluted major cities in the country and if we find a suitable property in Pune, to live at the heart of the least polluted region of this least polluted major city.  

Reasons why should you buy property in Pune?

If you wish to invest in real estate and looking for options, then Pune makes the perfect destination for you. The city, which was once a quiet little town, has transformed into a vibrant and dynamic metropolitan over the past few decades. Pune also provides a perfect life balance and is the most sought after destination since long.

 

Captured below are the reasons why you should invest in Pune.

Location: The city enjoys the perfect locations in terms of everything. Amidst the hills, this town thrives on all the localities being easily accessible. The city makes an amazing holiday gateway with many hill stations located in the vicinity such as Lonavala, Lavasa, Khandala and many more. The city also enjoys awesome weather all throughout the year with soft drizzles. On top of it the city hosts a number of IT companies and corporate firms that has fuelled the demand of residential projects in Pune.

 

Amazing culture:  Pune believes in the simplicity and high life. Despite being a vogue metropolis, the city also retains the beauty and tranquility around. From eating joints to amazing hangout destinations, one can see people of all age groups going there. It simply reflects the amazing culture and lifestyle of the city that treats the people of all ages well. It is not wrong to say that people have a life there. Weekends are a huge affair. Families, couples, friends everyone is out in the city relaxing and enjoying. With the best pubs and clubs, the city offers a rocking nightlife too. This attracts a lot of people to invest in residential properties in Pune.

 

Diversity in Culture and Heritage: One of the best things about Pune is the diversity in culture; they embrace everyone and anyone who comes here. You find religious and cultural clubs and events happening all around the city, and everyone joins in the various festivals that take place. This is one of the reasons that people prefer to buy property in Pune in order to settle down after retirement.

 

Weather and Climate: There is something in the air of Pune, with the perfect weather and climate – just enough rains to make this city awe inspiring. The pleasantness of the temperature and the magnetic charm which the city beholds pulls the people to buy property in Pune.

 

Safety:  Amongst all the metropolitan cities in India – Pune is one of safest especially when it comes to women. One can find police patrolling the streets in the night and are alert all round the clock.

Better employment opportunities: With a number of blue chip companies, the city offers ample white collar jobs. People come in search of lucrative job offers or well-paying jobs.

Pune is one of the best options for both the investor and the end user. With all the jazz that a city life offers, one gets to have their own little heavenly abode amidst serenity and greenery. The state of the art infrastructure and top notch amenities offered by residential projects appears a great bet for end users and early investors.  

Septuagenarian’s in Pune

The weather in Pune is fabulous all year round, and surrounding the city there is greenery and a great deal of forest. Pune has always ranked high among retirees as a place to spend their golden years. The city has many elements which make it an ideal place to settle down after many years of service with either the private or public sector.

 

So what may you ask Pune possesses that is the right mix fancied by so many retiree?  Well the mix is just right just like Goldilocks Soup. Pune is not too large, not too small, well connected, not too expensive but still has everything the elderly and indeed everyone needs such as access to high quality health care, markets, and of course good quality housing for retirees.

Well, all of the above are facts but what makes Pune an attractive destination for retires is the fact that it deliberately attracts senior citizens to spend their golden years here. There are residential projects in Pune specially built to house to senior citizens keeping their requirements and needs in mind. These can be found at Pune localities such as Aundh, Chakan and many others localities many of which lie on the periphery of the city.

 

Pune is also an attractive destination for retirees to settle down because until recently it did not have the big town feel or atmosphere of cities like Mumbai and New Delhi with their constant hustle and hectic lifestyle. Life in Pune was still relatively slow and even paced and did not make too many demands on its citizens. I used the words “until recently” because Pune is in an inchoate state of blossoming into a full blown metropolis catering to the young and shunning the elderly.

 

Real Estate in Pune is becoming more expensive making the city a less attractive destination for retirees to settle down at. Like Goldilocks Soup, one of the reasons senior citizens found Pune to be an attractive retirement destination was that property in Pune, until several years ago, was not too expensive, this is gradually become less true. A solid example of how Pune is tilting towards pandering to the young can be gauged by the number of new luxury apartments in Pune. Most such apartments are intended solely to house the young, not the elderly.  Retirees don’t want to buy luxury houses to live in; they instead expect good quality housing that is not too expensive, only the young and flashy intend to live in luxury residences.

 

Perhaps such a turn for the city was inevitable due to its close proximity to Mumbai, the financial hub of the country, and the fact that it was known as an education hub even 2 decades ago. Pune has nearly completed the transformation from an idyllic tranquil town to a bustling city and an important center of commerce. The young love the city and the elderly no longer wish to spend their twilight years here, perhaps it only goes to show that when the young claim something as their own, the elderly have no choice but to retreat.

Property in pune witnesses a good demand

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.

How to Buy Properties in pune

A few kilometers north of Pune is the locality of Bhosri, like many other parts of Pune Bhosri is highly developed and has good infrastructure as well as neat and high quality housing.

If you want to look at properties in Pune Bhosri has more than its share for you to window shop.  With an abundance of 1 and 2 BHK largely priced under 30 lakhs, owing a home at Bhosri is well within the reach of the middle class worker.

The price of property at Bhosri has appreciated only modestly over the last few years, up from approximately 4600 rupees per square feet to 4800 rupees per square feet. Although this low rate of appreciation may make Bhosri a less attractive destination than many other parts of Pune, it does still nevertheless make it a good location to buy a home.

 

Although luxury apartments in Pune are plentiful, there is hardly any selection of such properties to be found at Bhosri. The overwhelming numbers of developments at Bhosri are targeted by builders in Pune to be sold to the middle class.

 

Less than 3 kilometers from Bhosri is the township of Dighi,

Like Bhosri, Dighi too caters largely to middle class earners. If you want to buy flats in Pune which cost less than 50 Lakhs, Dighi is overflowing with them. Dighi may have an edge over Bhosri in one respect, the price of real estate at Dighi has appreciated by over 16% in the last 3 years, although this increase has been from a lower base of close of 3600 rupees per square foot it has risen to 4250 rupees per square foot in the last 36 months. If previous trends continue then property prices in Dighi may rise to the same level as the level at Bhosri today.

Situated approximately 4 kilometers away from Dighi lies the locality of Dhanori, as with most localities in this region of Pune, most of the housing here has been made keeping in mind the middle class home buyer.

 

As in all of the other nearby localities the largest chunk of the properties which have been constructed here are less than 6 or 7 years old.

 

All of these suburbs indicate that the market for new developments is huge pointing towards a growing trend that is gaining momentum all across the country. It points to a very recent trend that indicates that most future demand for housing in India will consist of the creation of new developments consisting of high rise apartments in new localities which may previously have been barren or consisting of farmland or entirely underdeveloped land.

 

The purchase of such land by developers will be most likely where new projects in Pune and in most other parts of country will be constructed. This indicates that places as varied as Bhubaneshwar, Guwahati, Indore etc shall at someone time in the future see a similar kind of growth plan, with what are surrounding areas around the cities used to create new developments for inhabitants of these cities.

Luxury Property In Pune – reaching New Heights

The Queen of the Deccan as she is lovingly described; ranked second in India for its standard of living. Pune is also the hub of numerous Information Technology research institutes and top notch schools and colleges.

 

Don’t be intimidated by the description we have painted above, prices of luxury apartments in Pune are still lower than other parts of the country. A 5000 square foot 4 BHK apartment would only cost a little more than 4 crores in Pune. Almost a third of what it would cost to buy a similar apartment in Gurgaon. The property I mentioned is being built by one of the top 10 builders in Pune.

 

Luxury flats in Pune offer the same world class amenities which any buyer of luxury homes would expect, except that most of them don’t burn quite as big a hole in your pocket.

 

Of course every city has people with more money than they know what to do with, satiating this super rich segment of society can be best done only by Donald Trump. As almost certainly one of the top builders in Pune the Trump organization is developing luxury flats in Pune which cost upwards of 15 crore. In Panchshil Trump Towers, Kalyani Nagar Pune, here a 5 BHK flat with 6000 square feet of living space could set you back a little more than 15 crores.

 

Yet even this height of opulence is unmatched by the exorbitant prices charged by the Dreams group for luxury apartments in Pune.  The price of its 4 BHK 4,500 square foot apartment runs up to more than 40 crores.

For most of us this is ungraspable, but don’t jump to alarm there are still plenty of luxury apartments in Pune well within the reach of us mere mortals. Properties by builders in Pune for the luxury segment costing less than ten crores abound. One such upcoming residential project in Pune is by Portia in Balewadi, the project is expected to be completed by December of next year and offers a 4 BHK 3900 square foot flat for the tidy sum of 5 crore.

 

Another great luxury real estate project in Pune is being constructed by Supreme Universal Esteban who are constructing a property in line to be completed by September of this year, a 4 BHK flat with 4200 square feet of living space could cost you a little more than 6 crores. Located at Koregaon Park the project promises five star facilities with all the bells and whistles one has come to expect from the reputable builder. The Esteban group has 25 completed projects with only 4 projects that are ongoing, making it almost certain that this project will completed on time. Needless to say the project is located at one of the most coveted addresses in Pune in addition to being built by one of the top builders in Pune.

Residential Property in India: An Insight

The economic and reformist push which has been initiated by the present government has placed India on a very strong developmental pedestal in the coming years. Obviously, the metro urban communities are the pride and delight of India. These urban communities are the operational hubs of the nation’s economy and cosmopolitan culture, and act like a magnet for the rural and semi urban population due to various reasons like better openings for work, expectations for everyday comforts and base, better financial status and enhanced infrastructure. Nonetheless, fast urbanization and advancement of these urban communities into uber-urban areas has its own problems, health hazards, over stretching of limited infrastructure, lack of basic amenities, transportation, high property costs, and so forth.

 

The Government’s drive to give ‘Lodging for All by 2022’ is an ambitious plan and can be termed as tall order, however if executed diligently is achievable. The aim is to provide apartments in the affordable range that is from 15 lakhs to 20 lakhs. The project needs to be visualized and linked with the ‘Smart City’ project to maximize its full potential.   Residential property in India, needs to be delinked as an investment perspective and needs to be linked to the end user requirement to achieve this aim.  There are many towns and cities which fit into this segment, where land costs have not sky rocketed and therefore hold potential for development of affordable housing, as also have the right mix of infrastructure and job opportunities.

Here are the main urban communities that offer incredible lower-spending plan land venture prospects over mid-to-long haul.

 

Hyderabad, Telangana

 

After the long drawn political battle for the carving out of the Telangana state, Hyderabad as the capital has turned up to be a winner, Best real estate websites in Hyderabad, real estate in Hyderabad is going through a transition with the right blend of all social aspects. Hyderabad is a throbbing IT hub with all the major Indian as well International companies setting base here. The municipal corporation has taken the required initiatives for getting up the infrastructure in terms of roads, metro etc. This has provided Hyderabad the required potential for future enhanced growths. Hyderabad has an international airport and counts as one of the class A city in India. As compared to other class A city in India Hyderabad offers the most affordable rates as far as real estate is concerned, for example, Manikonda, Kukatpally, Miyapur and Sainikpuri offer properties in the range of INR Rs 25-40 lakhs. Hyderabad has now come out of the political uncertainty and if the political hierarchy plays its cards maturely the city has the potential to become the first smart city in India.

 

Pune, Maharashtra

 

Pune holds a special status as far as Indian cities are concerned. It for long has been defining the ideal socio-economic-cultural mix required for comfortable living. It meets the aspirations of the middle class as also defines the structure for the urban rich and provide the infrastructure for the semi-urban as well. It offers the ideal financial and business structure in terms of IT, manufacturing and services sectors. The old satellite manufacturing towns of Khadki and Audh have blended well with the IT parks at Hinjewadi. Throughout the last couple of years, property trends in Pune, have retained the socio-economic-cultural blend of the city by offering real estate in all the segments i.e. affordable, mid segment and luxury. The city has seen an expansion in all the directions, thus developing as a strong synergized entity, which has enhanced its real estate credibility.

 

Navi Mumbai, Maharashtra

 

Navi Mumbai has always had the potential advantage of its physical nearness to Mumbai. But credit needs to be given to its municipal setup as well as the political lineup for having utilized this advantage to the hilt, as also not letting this advantage going overboard. Navi Mumbai over the last few years has developed the required infrastructure in terms of roads, metro and SEZ zones. With the new international airport which stands approved with the land allotment in place, the proposed SEZs at Dronagiri, Ulwe and Kalamboli and the Mumbai Trans Harbor Link approved, Navi Mumbai is all geared up and armed for the big game. Why Navi Mumbai looks or behaves like the big brother to Mumbai is because it has not allowed all these advantages to trigger a real estate hyperbola akin to what happened in Gurgaon. Real Estate Trends in Mumbai have been steady with the right mix of all segments catering to all the requirements.  Only time will tell if the administration and the political leadership would be able to derive required advantages of this strong footing and convert them into game changers for the city of Navi Mumbai. But for sure, as on date Navi Mumbai holds a lot of promise and if the real estate developers retain the composure over the coming one or two years, we would see the brightest star shining in Maharashtra next to Mumbai.

 

Jaipur, Rajasthan

 

Jaipur for long has for long boasted of its tourism driven economy. Tourism still remains the main stay of Jaipur, however over the past few years it has subtly given a humungous boost to its IT sector. This has enhanced its image from a tourist-town to that of a metropolis, offering huge growth potential.  The up and coming IT Parks guarantee an incredible future over all land resource classes. The 250-kilometer stretch in the middle of Delhi and Jaipur has turned into a hotbed for land improvement, with zones like Manesar, Dharuhera, Bhiwadi, Neemrana, Kotputli and Alwar turning into the new buzzwords for financial specialists.

Like other potentially promising cites, here also the administration has played a key role. The municipal setup has worked in a planned manner to develop the required infrastructure in terms of roads, BRTS and metro. Therefore, Jaipur is not only feeding to the requirements of Rajasthan but also to the adjoining towns of Haryana. The administration has been smart enough to blend the city’s rich historical heritage with its tourism potential, to its desire to be counted as a modern metropolis city. Top Residential Real Estate in Jaipur, for example, Malviya Nagar, Tonk Road and Ajmer Road count among the most sought after real estate destinations. Again the city offers real estate in potentially all segments and meets to the requirement of an end user.

 

Noida, UP

Noida including Greater Noida has been for long denied its rightful place in the cities which constitute the NCR Region. The main reasons for this are that Noida is a part of UP and its law & order track record has been dismal. These two factors have never allowed Noida to come out of its shady existence. Noida in terms of infrastructure whether internal roads, metro, connectivity with other towns, educational setup etc. is much better organized than any other town/city in the NCR region, however it has not been able to exploit its full potential. Real estate in Noida has been bustling with activity in the last two to three years, though it was affected by the longish land dispute in Noida Extension now rechristened as Greater Noida West. Noida offers a very promising alternative to the exorbitant land and apartment costs which are prevalent in Gurgaon and New Delhi, with the promise of a much better infrastructure. Even the rental market for residential, retail and office space is much more affordable as compared to other towns of NCR. If property in Noida is able to shake off its UP tag and improve upon the law & order situation, in no time it would become the most sought after destination in the NCR belt.

 

Gujarat and Conclusion

 

Ahmadabad, Surat and Vadodra are three towns/cities in Gujarat which hold huge potential and beat all other cities on their Liveability index and have the potential to hit the top of this list. We would be covering these cities in ours.

Call us- 0124-4370612

Residential Property in pune

If you are looking for property for sale in Pune, here are some of the best bets to invest.

 

Eastern and western front’s properties in Pune see maximum growth owing to sound infrastructure and good connectivity. Nagar Road, Wagholi, Kharadi, Hadapsar, Viman Nagar and Kalyani Nagar in East witness a consistent upward growth because of large IT establishments. Additionally, these areas house numerous industries.

 

 

The amazing growth of software developers and hardware experts has made a surge in demand for Residential properties in Pune. The fast developing infrastructure is also one of the factors that allure both investors and end users.

 

 

Thus, property available to be purchased in Pune East is seeing greatest land exercises. In the western zone, Baner, Hinjewadi, Mahalunge and Wakad are developed as development passageways. Request from IT center points in Hinjewadi and modern pockets situated on the Chakan-Talegaon belt are key variables that push property market in these zones.

 

Wagholi

 

Wagholi has developed as a favored passage. Vicinity to air terminal, great social framework, and the business center points on Nagar Road, Kharadi and Hadapsar are a portion of the ascribing components that push realty market around there.

 

 

 

 

Udhri

 

Properties in Pune edges are developing as hot destinations and Undri has turned into a hotspot for private property speculation. It is near Pune camp and is very much associated with key regions. Moreover, Undri’s nearness to created places, for example, NIBM, Wanowrie and M.G Road, its closeness to the IT center points like Hadapsar go about as the main impetus that triggers realty exercises.

 

Koregaon Park

 

The interest for lodging is dependably on the ascent in Koregaon Park range inferable from its nearness to Kalyani Nagar, one of the essential IT/ITES center points. This territory is referred to for its top of the line lofts and additionally its parlors, bars and restaurants. This region is dependably sought after as it positions among the mark addresses in the city.

 

Ravet

 

On the off chance that you are searching for property available to be purchased in Pune rural areas, Ravet is a perfect decision. Lower costs, great availability to IT center points like Hinjewadi and the PCMC mechanical belt are the elements that draw both end clients and financial specialists. A few social and business foundations likewise include its quality as a favored private destination.

 

In general, properties in Pune are one of the perfect destinations for both creators and end clients. This is the perfect time to contribute as the costs of these territories will keep on being in upward pattern in the year ahead.

 

Property Khazana, the land property entrance offers properties available to be purchased in Pune. Assemble your own particular home by selecting the best Real Estate property in Pune. Call us- 0124-4370612