Pune city being the prime property market today, the real estate development in the city has reached new heights. Many people folk to Pune city for new opportunities due to constant growth in sectors like IT, education, manufacturing units etc., Thereby making Pune City a choice of destination for relocating or settling. Increase in population has subjected to greater demand for real estate properties in and around Pune. Builders and developers have been monitoring constant growth for the need of properties and are also considering the future demand of residential properties in the city. The city builders are considering the areas for residential projects around Pune which will be developed in years to come. As seen earlier areas like Hadapsar, Aundh, Wakad, Baner, Hinjewadi etc, once considered as the outskirts of Pune City have grown drastically. The developers have come with new concepts of residential properties like Mega Townships like Magarpatta City in Hadapsar with walk to work concept having offices in its premises along with all the recreational facilities and amenities including shopping zone. Another township to have come up in Hadapsar is Amanora Township also Nanded City Township coming up near Sinhagad road. Other Builders have sought to develop premium residential projects with modern features also some residential projects come with fully furnished flats. The new residential projects with club house, gymnasium, swimming pool, children’s park, etc, also some residential projects are eco friendly.
The residential properties in Pune usually consist of 2, 3bhk apartments/flats, duplex apartments, bungalows, row-houses. The new premium residential projects have come up with 2.5, 3.5, 4 bhk and 5 bhk apartments. The best place to consider for residential properties in Pune are the areas with close proximity to amenities like school, colleges, shopping malls/markets, cinema halls, recreation centers like gymnasium/ health spa, clubs, restaurants, hotels. Areas with good supply of electricity, water supply etc., also with good infrastructure like roads and easy accessibility for transportation such as public transport, railways and airport.
There is a huge demand for residential properties in Pune; people are buying residential property either for residing or as an investment. There is also a huge demand for residential properties on rent in Pune. People who are coming to Pune on work or for studies for a duration of a year or so prefer to rent out a residential property.
The prime location in Pune for residential properties are Koregoan Park, Pune Camp, Bund garden, Kalyani nagar, there are few bungalows as compared to 2/3bhk apartments available in these areas. The property prices in these locations are towards the higher side as these areas are near to railway station and airport.
Among the other places for residential properties in Pune with 2/3bhk apartments/flats are Aundh, Kothrud, Baner, Pashan, Sus road, Hinjewadi, Balewadi, Wakad, there are Bungalow and row-houses societies like Sindh Society, Goodwill Society, Abhimanshree Society, Varsha Park, are few to name in Baner- Aundh. These areas are known for its close proximity to Pune’s IT hub in Hinjewadi and close are to Mumbai-Pune expressway and Pune-Bangalore highway.