Upward Trends in Pune’s Real Estate

                                                                                         

Owing to IT related developments there has been an upward trend in Pune’s real estate. There is obviously a huge demand for commercial and office space and residential houses and apartments. Pune’s real estate developers experienced a significant change in the rising demands from the corporate houses. Among the major real estate developers are - Godrej Properties with `Eternia' and `Millennium' in Shivajinagar and Koregaon Park, respectively. GESCO, in collaboration with Singapore Technologies for `GE Plaza' on Nagar Road- Shappoorji Pallonji IT Park at Manjiri- RPG Group with Foodworld outlets spread across several locations- Tata Group with Westside chain - K Raheja Group with Shoppers Stop- Pyramid megastore- Pantaloon apparel showroom – very close to MG Road.

Real estate trends in the city’s market has become very vibrant with housing finance institutions offering unprecedented offers, and builders packing in more lifestyle amenities, demand has seen an upswing. However, the upswing doesn't yet cover all parts of the city. Also, major and established real estate builders enjoy clear customer preference over new names. Among the areas seeing a lot of investments in residential properties are Bavdhan, Aundh, Kharadi, Mundhwa-Hadapsar, Nagar Road and parts of Kothrud.

The demand for premium category apartments, deluxe villas and housing complexes from NRIs speaks significantly about the real estate trends in Pune. Developers like City Development Corporation, Omaxe and Vatika are aggressively tapping this niche property market. Some premium options in Pune like Panchshil Reality's new development, 'Waterfront', will have unique features.

Apartments will overlook an expanse along the riverfront where a bird sanctuary is proposed to come up shortly. The higher capital and rental yield rates spells a good time to take long term positions in residential properties. Many NRIs from the Gulf are also investing in properties in Pune, as they consider buying and selling apartments in Pune are a safe bet.

About the author:
George Gonigal provides you the best and latest information on Pune Real Estate, If you want to Pune Real Estate Builders, he suggests you log on to magicbricks.com

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