The Pune Metropolitan Region real estate market continues to show signs of stability in terms of demand and supply according to a recent study by Gera Realty. Some of the significant builders of India have begun their works from real estate market of Pune and have obtained remarkable applaud at the same time large capital gain for every residential property. The real estate industry of Pune started witnessing waves of growth around the late 90’s when the IT and related companies started setting up base in the city. Similarly, the already present auto cluster also started booming with bigger names coming here.
With the demand for quality residential spaces and availability of huge land parcel, Pune city started witnessing trends like integrated townships during that period. There are many residential property coming up, that are changing the fabric of the city. Today Pune is actually given importance in the real estate business in India and is considered amongst the cities such as Mumbai, Bangalore, Chennai, Gurgaon and Delhi/NCR etc in view of development for real estate and at the same time for property prices.
Pune city is home for significant manufacturing industries in the country where there has been thirty to fifty percent growth in the residential property business. The appreciation in respect of capital value for majority of commercial as well as residential properties is worth mentioning. Builders of Pune have developed major commercial and residential property at Bhandrkar Road, Karve Road, Viman Nagar, Dange Chowk, Shivaji Nagar, Pimple Saudagar, F.C Road and many other places. People have a large array of options when renting or buying a residential property in Pune.
Development in the Western Region of Pune started only about 15 years ago. Earlier, the area comprised primarily farm or barren land; however now some of these locations are premium locations. Pune is now expanding quite rapidly in all directions. West Pune which includes various suburbs like Aundh, Baner, Wakad, Kothurd, Balewadi, Tathawade, Bavadhan, Pashan among others has undergone a complete makeover. Pune has turned into a most lucrative place for residing thanks to the endeavour of builders. One of the cost effective housing project is Bosale Construction, this firm possesses an experience in the matter of housing industry for exceeding than three decades. They are the leader in making residential hosuing projects in the localities of Pune University. The other renowned builder in Pune is Gera Properties they have shown their capabilities by making not only residential property but also properties for commercial needs.
Private property developers along with local property builders and civic authorities are pouring in more investments in the city. The residential property segment also doing well there. These days, Pune builders are focusing on affordable houses. Prominent real estate builders like Kolte-Patil, Gera Properties have announced affordable housing property in Pune. These builders have outlined that the quality of construction will not be compromised, however these residential property would not have elaborate lifestyle features.