PUNE: Being one of the fastest growing IT hubs of India, Pune has a cosmopolitan population with good social infrastructure, excellent educational institutes and constantly upgrading physical infrastructure. The city has always been known as the educational capital of India. The infrastructure, financial opportunities and most importantly the climate of Pune make the younger generation want to live here. In addition, its proximity to Mumbai, the financial capital, makes it very convenient to settle. Buoyed by all these factors, Pune has also been lucky to have had a stable government in the state of Maharashtra.
Many new projects, commercial complexes, multiplexes, gated communities and constructions with excellent designs have come up in Pune and are still coming-up in large numbers. The real estate success in the city is a symbol of the investor satisfaction. Builders have delivered projects after keeping in mind the needs and demands of the potential buyers. Pune offers a surety for yielding good returns on investment. The most appreciable fact about the city is that even the outskirts are developing rapidly, making the projects a good buy throughout the city.
There is good reason why real estate in Pune is proving to be a huge success. State of the art infrastructure, amenities at close call and projects in prime locations have added up to the value of properties in Pune. Some of the hottest real estate markets in Pune are in Baner, Balewadi, Viman Nagar and Kharadi. These are the most sought after localities by both investors and developers. The outskirts of the city areas such as Moshi, Chakan, Wagholi are also very promising as they are the major industrial belts. Any automobile company which is in India surely has one of its manufacturing units in Pune. Already there are plants by well-known companies such as Maruti, Tata, Mercedez, Volkswagen, Mahindra, etc.
Pune is being flooded with many projects in low, mid and higher segment. The high-end segment in Pune is implicit and is visible from the fact that the city could grab the attention of Donald Trump to put up a project here, the “Trump Towers”. The god of architecture, Philippe Starck, is giving us ‘Yoo Pune’. And not to forget, Pune is very soon coming up with the World Trade Centre. Apart from these, Pune has a few ultra-luxury projects by Skywards Developers in Baner. Where else will one get such high end specifications, space, location and a personal plunge pool?
Pune has been consistently performing in terms of providing the investors with a worth for their money. It still looks promising at least for another decade. Having said this, investors, home buyers and developers should keep a close watch on the about to happen elections (early 2014) in the country. Let’s keep our fingers crossed for Pune.