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Thriving with IT Parks, automobile industries, and good educational institutions - Pune offers excellent residential housing and commercial properties. The presence of good employment opportunities has led to an increased demand for housing as well, in recent years. Moreover, the presence of good roadways, historic forts, and verdant greens make Pune a highly desirable place to live.
What also highly contributes to the increasing real estate demand here, is..
is the advanced social infrastructure From great healthcare to top notch schools & colleges and entertainment malls - Pune offers many opportunities for leisure, wellness, and growth The connectivity is seamless and the proposed metro line is set to transform Pune in the futureMoreover, properties in Pune by reputed developers offer a wide variety of flats that range from affordable to luxury property investment
Most importantly, the price appreciation in most areas of Pune is steadily on the rise With the demand for housing & commerce increasing, investing in Pune's real estate sector could yield good returns in the long run[ View More ]After Mumbai, Pune is one of the leading cities when it comes to residential real estate. As per an Anarock report, Pune is the 3rd highest city to witness the most housing sales among the top 7 metro cities in India in 2022.
The East, South, & West micro markets of Pune usually g..
y garner a large demand in residential housing This is mainly due to the presence of large IT parks in these locales, which attract working professionals in search of a home near these workplacesSales in the affordable housing market are usually at 50%, while the mid-segment market has seen a significant rise in properties in Pune
In 2022, a large part of the housing sales in Pune were in the ₹45-75 lakhs price range Sales in the luxury housing sector (above 1 crore) have seen a recent rise as wellThe aftermath of the pandemic had seen developers being cautious in releasing supply of new units
However, there was a massive rise in launch of units in the 4th quarter of 2022, which witnessed more than 150% YoY growth as compared to 2021 The inventory overhang was also one of the lowest in Pune in 2022In configuration type, the demand is higher for 2 BHK homes, especially in well-known micro markets such as Wakad and Kharadi
However budget wise, the demand for 1 BHK is higher for flats within ₹40 lakhs Overall, the gap in demand and supply of properties in Pune is quite less, while the residential sales are doing well amid developer offers and government schemes[ View More ]Some of the top areas to live in Pune are Bavdhan, NIBM Road, Model Colony, Koregaon Park, Hadapsar, Erandwane, Hinjewadi, and Kothrud.
Yes, Pune is good for real estate investment as it gives you access to the top IT parks and educational universities in India. Its good transport routes, quality housing, and lush greenery also make it a good place to live in as well. Pune is further being developed as a part of the smart cities program.
Wagholi, Talegaon, Kiwale, & Balaji Nagar are a few affordable residential properties in Pune.
A few notable luxury properties in Pune are -
1. Lodha Belmondo, Pavana
2. Sobha Nesara, Kothrud
3. Raheja Stellar, NIBM
4. Panchshil Towers, Kharadi
5. Shapoorji Pallonji Joyville Skyluxe, Hadapsar Annexe
Panchshil Yoo Villas in Wagholi & VTP Velvet Villas in New Kharadi are the top projects that offer villas in Pune.
Some of the most popular residential properties in Pune are -
1. Shapoorji Vanaha, Bavdhan
2. VTP Bellissimo, Hinjewadi
3. Shapoorji Joyville, Hadapsar Annexe
4. Godrej Nurture, Mamurdi
5. VTP Bluewaters, Mahalunge-Baner
Some new residential projects in Pune -
1. Kohinoor Tinsel Town, Hinjewadi
2. Kohinoor Westview Reserve, New Wakad
3. Kolte Patil Little Earth, Kiwale-Mamurdi Road
4. VTP Euphoria, Kharadi
A few properties in Pune that offer ready to move in flats are -
1. Panchshil Towers, Kharadi
2. Kohinoor Tinsel County, Hinjewadi Phase 2
3. Kohinoor Sapphire, Tathawade
The most popular localities in Pune which can prove good for investment are Wakad, Hinjewadi, Baner, Kharadi, & Hadapsar as they provide access to the top IT parks & good connectivity across the city.
A few affordable projects in Pune are -
1. Mahindra Happinest, Tathawade
2. Shapoorji Joyville, Hadapsar Annexe
3. Kolte Patil Life Republic, Hinjewadi
4. Godrej Serene, Mamurdi