Pune realty sees fast-track growth
The Pune real estate sector is witnessing a fast track growth as it has undergone a constant transformation over the last few decades – from a simple, rural community to a military base, and on to one of the most sought-after cities for property.
With the city becoming more industrialized, the market for residential, business and retail property grew simultaneously. As business prospects and job opportunities increased, more people to shift in from other cities and rural areas.
With the rising IT/ITES industries, property development in Pune saw a quick growth. Thus, demand for commercial real estate also increased. Various IT companies, from both the country and from around the globe, began to set up their offices in the city.
As the city’s population expanded, apartments and duplexes became increasingly common. The purchasing powers of the citizens are greater than ever before and thereby their requirements and demands have risen proportionately. Also, the easy availability of home loans has made the goal of buying property much more accessible.
Pune’s major residential property markets include Kalyani Nagar, Viman Nagar, Kharadi, Wanowrie, Baner and Undri.
To read more real estate news:
Expats prefer Pune for property investing
Source: Moneycontrol.com
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