Pune is one of the fastest growing cities in Maharashtra to develop in recent years. Pune is considered as most sought after destination after Mumbai. Pune is also considered as the IT capital of Maharashtra State. Due to development in IT sector as well as Industrial and automobile sector, Pune is considered as the city of new opportunities. The growing population in the city and the need for the place to live has put the real estate development to new heights with many real estate residential and commercial projects coming up in Pune.Though earlier only few a parts of internal city had been developed such as Deccan, Shivaji Nagar, Pune Camp and Bund garden, Koregaon Park. Off recently areas connecting to these places within the distance of 10 to 15 kms has seen lot of new projects both residential and commercial thereby expanding the city limits to a wider area giving new prospects to builders, buyers and investors. Pune’s growing demand of residential and commercial complex has accelerated due to increase in population in the city.Hadapsar which is towards the East of Pune used to be known for its Industries is now the new address for the most number of townships coming up in Pune. With few IT co’s coming up, there was a need to create residential areas. One of the first townships that took shape was Magarpatta along with other residential projects.Aundh is a suburb in the North-West of Pune is now known for its posh localities populated by software engineers having lot of residential and commercial projects. Aundh , Baner, Pashan and Sus road has many residential projects and townships coming up with state of art amenities coming up. The demand for these locations has increased due to its closeness to Hinjewadi IT Park.Baner is another destination besides Aundh which is located towards the west of Pune enjoys the same strategic benefits as that of Aundh. Real estate development in Baner has increased in recent years with more Residential and commercial projects coming up. Baner has all the basic daily facilities and amenities. Being close to Hinjewadi IT Park and Mumbai-Pune Expressway, the demand for real estate properties is ever increasing in Baner.Viman Nagar is one of the known places to reside in recent years having Pune International Airport with distance only half a kilometer and main Pune Railway Station just 6 kms away. Viman Nagar has also seen many new IT, BPO and educational institutes coming up.Sinhagad road is also developing with new residential projects coming up in the vicinity, among the project which is been developed on a large scale near Sinhagad raod is Nanded City which is considered as a mega township which is being developed on a 700 acres of land.Wakad which falls under the PCMC limits is considered among the fastest developing locations in Pune. Wakad is considered as strategic location for IT professionals for its closeness to Rajiv Gandhi IT Park and also few minutes from Mumbai-Pune Expressway.Among the other places which have developed a lot in recent years are Kothrud, Bibewadi, wanowrie, Balewadi, Kondhwa.
