Growing demand of homes in Pune is ascending the Real Estate Market of city

Pune feature

By Accommodation Times News Service

Though the real estate market is running sluggish since few years Pune’s real estate market is stable and doing well compared to its adjoining city Mumbai. The housing demand in the city is increasing from IT professionals, the growing IT companies is key to the growth of real estate in the city. Also, now as Pune is included among 20 smart cities, this as boost the city’s image and this has gained a positive impact on the realty market in both residential and commercial sectors.

Pune being adjoining city of India’s financial capital Mumbai is high on demand for people who could not afford home in Mumbai or want to be away from Mumbai’s hustle-bustle life, but want to live in a metropolitan city, such people prefer to buy home in Pune.

The high demand for homes by IT professionals, BFSI and manufacturing companies, most residential projects being launched in Pune includes areas like Hinjewadi, Balewadi, Hadapsar, Kharadi, Wagholi and Nagar Road i.e. North-West and North-East of the city. The fringe areas of the South-East sub-market such as Undri and Pisoli are also picking up fast and have seen a significant number of launches in the price bracket of Rs. 3,000 to 4,000/sq.ft over the past few quarters.

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