Pune is witnessing rapid growth and development for the past decade or two and now it is briskly expanding its fringes in every conceivable direction. Expressway connectivity with the capital city Mumbai and Air connectivity through Pune International airport in Lohgaon have been the catalysts for the rapid expansion of the city. Increasing demand in the commercial sector has boosted up the real estate sector demand of the city. Demand kept on increasing day-by-day as it was mostly generated by professionals working in the IT/ITeS sectors in locations like Wakad, Hinjewadi, Kothrud and Hadapsar.Localities like Chakan, Moshi, and Pirangut which were highly known as the industrial areas in its earlier days, but now they are emerging as one of the best real estate destinations in Pune. These localities largely cater the demands of affordable housing as the price brackets here are comparatively less than the other city parts. The newly expanded border regions of the Pune city ensure that investors will get higher returns in the future and home buyers will be benefited through improving infrastructure and development in these locations.Proximity to Paud Road, along with great connectivity of Chandani Chowk, Kothrud and Hinjewadi has made Pirangut the most sought after realty location in the western Pune. About 5 years ago Pirangut, Mulshi, and Paud road extending after Chandani chowk were the picnic spots for Pune locals but now they are providing great residential destinations and fertile investment options. The Pirangut is also connected to the Pune Mumbai bypass road which further connects to the Pune-Mumbai expressway making it easy to connect with the financial capital of India. The proximity of Hinjewadi and Kothrud commercial areas has led to the growth of residential demands in the Pirangut region as IT professionals working in these regions prefer the closed by localities for the residence.High demand from IT professionals has given rise to projects comprising apartments, row houses and villas in the region. Apartments in Pirangutare especially high on demand followed by the row houses and villas. Villas and luxurious housing units are highly preferred by the C-suite officials working in the IT/ITeS sectors. Projects like Mont Vert Vesta, Viva are amongst the prominent upcoming projects in the region which offer 1, 2, 3, BHK apartments with all luxurious features and amenities. Developers like Yugal Constructions and Mont Vert Homes have the prominent presence in the Pirangut and its adjacent regions offering high end developments and projects.Large availability of land parcels along with the natural surroundings and affordable property prices gave prominence to the Pirangut over other city parts. Residential property rates in Pirangut and its adjacent areas have increased in the past three years yet they are very much affordable than the major central and suburban city localities. Affordable commercial property prices in Pirangut have also encouraged commercial real estate in Pirangut. Many commercial properties can be seen beside the Paud road as they provide proper connectivity with city.Pune civic body has taken several infrastructure projects to be developed in Pirangut region. Well managed infrastructure, proximity of IT hub- Hinjewadi, presence of Lavasa city within proximity has been worked as the catalyst in the Pirangut’s growth and development. Pirangut is expected to become the most important property market in the next 5 to 10 years with increasing property demands in Pirangut and its  adjacent areas like Bhukum and Bhugaon. The region is gradually taking its steps to become a prominent location in the Pune’s real estate map.

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