After Mumbai, Pune is the most sought after city in the State of Maharashtra in terms of real estate development. In the past decade, Pune has emerged as an integral part of the real estate sector in India. High income groups, positive demographic, fast developing infrastructures, and IT industry are the driving factors of the Pune’s real estate market. Real estate of the city has witnessed rapid transformations in development compared to other cities of the country.Pune’s growth and rapid development in the real estate have various reasons behind it. Pune houses many educational and training institutes, it also has been one of the famous tourist spots in the country, and it also comprises many world class hospitality destinations and other infrastructures. Pune also possesses the great cultural and historical heritage which attracts many tourists across the world.Other than these minor factors, rising Information Technology industry in Pune has been the major driving factor in the growth of the real estate in Pune. Pune and its outskirts have been the great abode for many multinational companies and software giants from the IT/ITeS industry. Hinjewadi, Kharadi, Hadapsar, Aundh, Magarpatta and Wakad are the few localities which are the hotspots in the city for IT Parks and IT companies.Close proximity to India’s financial capital-Mumbai and the development of the Lohgaon airport has been the key attributes in the Pune’s growing real estate. Pune’s real estate market has always been the demand driven in both residential as well as commercial sector. The real estate sector in Pune has gone through many deviations at first it was dominated by the commercial sector and now by the residential sector. In recent years of the growth, demand for commercial projects was higher and now the residential projects dominate real estate of the Pune.Pune real estate growth is directly proportional to developments in the hospitality, retail, Special Economic Zone (SEZs) and IT industry. A large number of migrants are coming to the city from the various parts of the country which has led to a realty boom in the city. Pune residential real estate market has seen tremendous increase in the residential projects in the past few years.Increasing commercial sector in the country has created many employment opportunities in the city with which the demand for homes is also rising steadily and will continue to do so. Many builders and developers are focusing on the residential developments in the city and developers from other cities are also eager to start their projects in the city.Recent research by a developer states that Pune real estate has expanded by the 16.6 per cent in the past 10 years and the prices have increased by 14.08 percent. Kolhewadi and Bolhai micro-markets have witnessed the price appreciation increase of 50 percent and a few other markets have gained 25 per cent above price appreciation.Pune has been divided into five different zones according to the demographics of the city- Central Pune, North Pune, South Pune, East Pune, and West Pune. The increase in the city’s population due to the IT industry growth, the residential activities in the city has considerably increased in the last few years. Nearby localities of the It zones in the city are going through the leap of growth in terms of developments ranging from affordable housing to the Villas and Condos. The majorly affected areas by the IT zones are Kharadi, Hinjewadi, Nagar Road, Vimannagar, Kalyaninagar, Baner, Bavdhan, Pimpri Chinchwad and Hadapsar.Area wise outlook of the residential real estate of the Pune
North Pune (Akurdi, Chinchwad, Chakan, Pradhikaran, Ravet, Talegaon)Tremendous amount of residential activities are observed in the North Pune, especially the Pimpri Chinchwad area. Few years back, Pimpri Chinchwad was widely known as an industrial hub but nowadays this area has the different scenario and residential developments in these regions are booming up. The state government has recently approved the permissions for the 100 meter tall building which has boosted up the real estate scenario in this region.Chakan, Ravet and Talegaon areas are the most significant industrial areas of the Pune city with increasing industries in these areas the demand for the housing sector has also increased in these regions. Many builders and developers are considering these areas as their next destinations for their residential projects.Akurdi, Chinchwad are the high grossing residential areas in the North Pune and will continue to be the best residential locations in the North region of the city.The major developers and builder from the North Pune include Kolte Patil, Lunkad Realties, Nyati and Goyel Ganga among others. Mumbai based Kalpataru Properties has also ventured into the real estate market of the North Pune.
South Pune (Ambegaon, Katraj, Kondhwa, Parvati, Sinhagad Road, Salisbury Park, Mohammad Wadi, Warje, NIBM)South Pune has many areas which are one of the most preferred locations for the residential project in the city. The South Pune has witnessed a great price appreciation of the property rates in the past few years. Sinhagad Road, Mukund Nagar are the fast developed location in South Pune along with Kondhwa Parvati regions.Wanowrie and NIBM regions are getting higher values as they are the most preferred locations in South Pune for the premium housing projects. Residential projects are now spreading towards the Katraj region as demand of these regions has increased exponentially.Ambegaon region has now transformed into an outstanding residential location with numerous multi storey buildings and projects in and around this region.Nanded City is one of the major developments seen in the South Pune region. 
East Pune (Boat Club, Hadapsar, Kalyani Nagar, Kharadi, Koregaon Park, Wagholi, Viman Nagar)Kalyani Nagar and Koregaon Park are the most sought after addresses in the city and these areas have seen many huge developments in the past few years. Hadapsar and Kharadi regions are mostly preferred by the IT/ITeS sectors as these areas comprise many IT companies and IT parks in the nearby regions.Wagholi area is not so much developed in terms of the residential properties, but it is predicted that Wagholi will serve the future residential need in the East Pune. Wagholi and nearby locations are developing slowly but steadily.East Pune houses various township projects like Amanora Park Town, Magarpatta City among others with many built-in facilities like college, school, hospital, complexes etc within the township. With good infrastructure and connectivity with the other city locations projects like Magarpatta city have changed the face of the region.
West Pune (Aundh, Balewadi, Baner, Bavdhan, Hinjewadi, Kothrud, Pashan, Pimple- Saudagar, Wakad)Major residential developments were observed in the western region of Pune, mostly in Kothrud, Baner, Bavdhan, and Aundh areas. Amongst these areas, Kothrud is considered to be the most preferred residential area of the West Pune. Being the most demanded area of the city; Kothrud has attracted numerous builders and developers with major residential projects in Pune.Aundh, Baner, Pashan areas come in the close proximity of the Hinjewadi IT Parks, resulting into the highest demand from the IT/ITeS sector. Aundh has been the up market area of Pune for the past few years, and a very popular destination among the IT professionals.Many locations situated in the west region of the city have good proximity to Mumbai-Pune expressway such as Baner and Pashan, widely favored by It professionals.Megapolis and Blue Ridge are one of the few major residential developments in West Pune.
Central Pune (Apte Road, Bhosle Nagar, Deccan, Model Colony, Prabhat Road, and Shivajinagar)The central area of Pune has not witnessed any new residential development in recent times the major real estate in this region is acquired by the commercial sector. Deccan and Shivajinagar locations of central Pune are the oldest areas of the city and centrally located, majorly preferred by the commercial sector in the initial years.The increase in the commercial infrastructures has attracted many new residential developments in the Central Pune. The central region is one of the focus areas in the city.Major residential real estate developments seen in Pune city in past few years
- Megapolis, Hinjewadi
- Sky Vie, Viman Nagar
- Malpani Greens, Wakad
- Nandan Prospers, Baner
- Godrej Properties,Undri
- Amonora Park Town, Hadapsar
- Nanded City, Sinhagad Road
- KUL Ecolech, Hinjewadi
In Pune, Property buyers have several great residential property destinations to buy the residential units such as Aundh, Baner, Kothrud, and Wakad etc. The Pune residential real estate growth can be contributed to the rapid growth of the city’s population. Housing demand in the Pune has estimated to be in the range of 45,000 to 55,000 for the next few years and this will be the key aspect in the residential growth of the city for the next few years. займ на карту без отказов круглосуточновзять кредит онлайн