The Demand for Buying Flats in Pune is steadily Growing
Pune is the budding hot property in India! And home seekers are flocking the city to grab a chunk of it. According to industry players, the property in Pune has drawn massive interest from the home seekers both in and outside the city.
Prices for flats in Pune are lower than for comparable options in over heated cities like Mumbai. Flats in Pune are more spacious and have superior individual specifications as well as common use amenities.
Additionally, since the climate of Pune is pleasant, it provides for an ideal setting for buying flats in Pune. Unlike in Mumbai, there is no need for wasteful year-round air conditioning. The investment value of homes is very high, as there is constant demand for them.
Besides, one of the primary requisites for a flat to be your sweet home is ample space, which is not available in the big cities such as Mumbai.
The Pune property market is not restricted to ugly, polluted, over-developed and overcrowded prime locations. Since Pune city is a relatively compact, commuting from various parts of the city is easier. The demand for residential units in Pune is highest in areas that provide ready access to the central business district and employment or IT Hubs.
While some popular areas of Pune have witnessed continuous demand from home seekers, suburbs such as Baner, Sus, Kharadi, Balewadi, Bavdhan, Wagholi, Wakad, Undri, Charholi, Magarpatta and Punawale too are witnessing demand for new homes. These suburbs provide scenic natural splendour as well as excellent connectivity to the city’s economic nerve centres. This aspect has proved a huge advantage for Pune’s IT Generation or new home seekers.
Interestingly, the demand for housing in Pune has been steadily growing even when the market for homes in Mumbai has been heading south. Pune property market is expected to grow tremendously, driven by the demand for budget homes in the city.