Poised perfectly

Pune

Several homebuyers prefer Pune owing to its perfect sized apartments in prime areas.

It’s no secret that Pune is a favourite destination for prospective homebuyers. Well, what makes it a preferred choice? Several homebuyers prefer Pune owing to its perfect sized apartments in prime areas. This is a key factor that draws people to the Peshwa City.

In the recent past, Pune has seen buyers upgrading their lifestyle. The real estate market of Pune is currently witnessing a growth in cosmopolitan buyers. Experts point out that young demography culminates to a land of opportunities for the housing sector in Pune.

Usually, people want their dream home within the vicinity, having all the modern amenities which will add value to their day to day life. Since prices are still much more affordable compared to metros such as Mumbai, Delhi, this city has an enormous demand for new under construction properties.

Salient features

This is primarily an end user market as far as residential real estate goes and hence prices are rational compared to other neighboring cities of Pune and have grown at a reasonable rate. It’s amongst the most urbanized regions in Maharashtra with 61 percent people living in cities (Census). It should therefore come as no surprise that its decadal population growth of 30.34 percent is twice that of Maharashtra (15.99 percent).

On the work front, Pune is to be an IT hub. Homes are not only in close proximity to workplaces making it much easier to commute compared to other cities but are also affordable. It is difficult to find this balance between convenience and affordability in any other major city in India but in Pune it is easy. This proves to be a big advantage and contributes substantially to the quality of life.

The development is set to get a further fillip and augurs well for the future since Pune features as one of the cities to be developed in the ambitious Smart Cities Mission.

The city gives a holistic feel as it combines the small town feel of open spaces and greenery with a developed and modern outlook. Everything one could want is at an easy access such as malls, restaurants, hotels, pubs, great cultural and architectural hotspots, etc. Pune definitely offers more space in comparison to at reasonable prices in comparison to other nearby metropolitan. With the upsurge in the IT and manufacturing sector more jobs are queuing up for the increasing talent pool.

As compared to other metros, Pune is a preferred location due to the cost of living along with the opportunities the city has to offer. Not only that, due to continuous organised expansion of the city, the level of congestion is relatively less. Close proximity to various getaway places as well gives a good reason for people to reside in the city Pune metro rail project promises a nice addition to the city’s current infrastructure situation. The metro has the potential to increase the liveability quotient a notch higher for Pune.