Pune being the hub of Information Technology industries, education, manufacturing and automobile industries have been the magnet of people from every walk of life. With supreme back-to-back advancement being made in virtually every domain, Pune is strongly looked upon as one of India's leading IT hubs.
Under the fast growing phase of technology and advancements in wide-ranging sectors has also resulted in giving a remarkable step-up to the real estate projects in Pune.
Today, Pune is clogged for space due to being overpopulated. Wherever you go in the downtown Pune, you can easily witness an inflation in the price rates of real estates. The nearby areas of the city such as Keshav Nagar, Mundhwa, Kharadi, Magarpatta, Koregaon Park, Hadapsar have experienced tremendous growth over the past few years and are in huge demand among the property seekers there. Concerning existing price rates for the real estate properties around the IT park for land is around 1000Rs per sq feet. The price rates have sharply grown since it was only 700Rs, a few months ago. Pune is evolving fast from every direction and is becoming increasingly overpopulated as time passes.
When it comes to the price rates for flat for sales in Pune range, they are maybe not for the faint of the heart. In general, if you are looking to buy a flat in the downtown area or the centre of the city, be prepared to pay heavy price rates for the same. In fact, Price rates have risen to the sky over the last 2 years yet both Pune residential projects as well as commercial properties for sale in Pune are a rage among the property seekers. A major reason to the growing market of real estate in Pune is again because of the continuous advancement in technology and companies which keep to thriving in the city.
Pune ongoing residential projects are the center of attention for a lot of NRIs as well as leading investors of the city today. Also Pune's propinquity to Mumbai also gives expression to the fact that a multitude of wealthy property seekers from Mumbai take special interest in investing the money into real estate properties in Pune. Incidentally, comparatively to too exorbitant price rates of properties in other Indian cities such as Noida and Bangalore, prices in Pune are a bit affordable, with that said it is understandable that the city is just the ticket for investment in real estate.