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Real estate in Pune on a development spree

Comments(3) Sub Category:Pune,Real estate trends,Realty News Posted On: Jan 08, 2013

Pune apartmentsPune real estate is growing at a fast pace in recent times. This is because of pleasant climate, peaceful atmosphere, education, career openings and great accessibility to businesses communities worldwide. Also, its proximity to the finance capital of the country has given it an edge from other cities.

As per research, the increase in construction in Pune has been massive, however, there is still scope for more. There has been so much of construction in the last two decades that most of the unoccupied plots have been occupied. An exponential growth in real estate in Pune has been witnessed. Due to this massive construction phase, a well planned civic infrastructure can be witnessed.

There has been a need for redevelopment of the old houses in Pune. Due to emergent trends and lifestyle, many old structures are either vacant or not safe for living. Many of these structures have started collapsing and pose as danger during monsoon. Also, many of these properties in Pune lack amenities and facilities like lifts, security arrangements, modular kitchens, dedicated parking and so on.

Fast growing Pune is still culturally stable. This is the main reason people are well connected to the main city, especially the Peth areas and central areas. Though growing but the areas need to grow vertically to avail enough space for parking. There is hardly any space left for public parking causing complications right from traffic chaos, accidents, damage to vehicle and property to civic administration. So, there is a need for cluster housing redevelopment in Pune.

Apart from building safe properties and enough parking space, residents of the Peth and Gaothan areas need modern and state of the art homes comfortable for contemporary lifestyle. Since, these areas are prime localities, redevelopment is the current need which will provide the young generation with new stylish and modern homes.

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