Pune has become the hottest destination for IT and BPO related industries which has sent Real Estate in the outskirts of the city soaring. While corporate houses and software based companies are eying for commercial properties, emigrants are in search of residential accommodation. Commercial properties are also sought out for the development of malls, multiplexes, convention centers, clubs, hotels and retail stores. Some people want to purchase properties while the others are more interested in rented properties. A chain reaction in the Real Estate market has prompted its extensive and widespread growth. Due to the city’s proximity with Mumbai and various IT and Auto companies in Pune, there are more people moving into the city. Real Estate rates are on the rise and alot of people think of it as an apt investment.
The city of Pune, which is often regarded as the satellite city of Mumbai, has grown in all sectors exponentially in the last few decades. Mainly renowned for its educational and defense institutions, the ‘pensioner’s paradise’ and the ‘Oxford of the East’ is slowly but surely making its mark in the industrial sector as well. Development breeds development and today, Pune city and its surrounding areas boast of some of the most premier automobile and IT firms. With people coming in to this green and cozy city to work or pursue higher education, it has triggered a boom in the real estate sector. Corporate houses are always on a look-out for commercial properties, whereas emigrants are in search of comfy residential accommodation. Commercial properties are also sought out for the construction of malls, multiplexes, convention centers, clubs, hotels, retail stores, among others.
As already mentioned, Pune has witnessed frenzied real estate activities and one can observe an amazing number of residential and commercial properties emerging in various parts of the city. Also, due to lack of space in the main city area, Pune property developers have shifted their focus on the suburbs leading to the development of areas in the outskirts. The residential sector has seen most of the development with huge residential complexes, private townships, apartments, villas and duplex coming up at every nook and corner in the city. And the best part is that most of these establishments are architectural wonders and are laden with modern facilities. Real estate prices vary as per the location and size of the property and buyers can choose from the low-cost ones or two bedroom apartments to high-end villas or luxurious bungalows in the various suburbs of the city.
Most of the multi-building residential complexes have great state-of-the-art modern day amenities, like aesthetic design, superior construction quality, gym, clubs, swimming pool, jogging tracks, gardens, waste management system and more. Some of the popular residential suburbs in Pune where one can buy property are Kothrud, Wakad, Kondhwa, Kharadi, Aundh, Baner, Viman Nagar and Mundhwa. If you are confused with the many options available and want to strike the best deal, you can take the help of estate agents who will guide you to buy the best property at the best rate.
Pune also has recently witnessed the rise of the first ever privately-managed commercial townships, namely Magarpatta and Amanora. These townships that are administered by private bodies are unique models that comprise of residential and commercial establishments. These modern wonders of human imagination are indeed a site to behold.
One of the many reasons for real estate boom in Pune is its proximity to Mumbai, and with space becoming stringent in Mumbai with each passing day, various IT and Auto companies have decided to shift their branches to Pune. Real estate rates are on the rise and a lot of people think of it as an apt investment. The business pundits believe that situation shall get better in the future and it is a great idea if someone is thinking to purchase a house in Pune.
Here at Pune Site, we have tried to list and review the major builders and developers in the Pune.
Pune Real Estate – Builders and Developers:
Pratham Bulders and Developers
Yash Promoters & Builders
Anutej Group Promoters & Developers
The Construction Group
Naiknavare & Associates
Ghorpade Constructions Promoters & Builders
Sudhir Mandke & Co
R.B.Chaphalkar Construction Comany
A V Bhat & Co
Amrut Runwal Group
Bhujbal Construction Company
Darode – Jog Properties
Niraj Kumar Associates
Newfront Constructions Group
Purple Properties Promoters & Builders
Creative Shelters Builders & Developers
Riddhi Siddhi Developers
Runwal Housing Group
Sai Datt Associates
Shree Bal Developers
Shah Promoters and Developers
Vilas Javdekar & Associates
J M D Developers
Paranjape Schemes (Construction)
Here is the list of all famous projects in Pune:
Brahma Sun City