Arun Seth

Recent Developments in Pune’s real estate market

Pune’s real estate market has recently emerged as stable and dynamic in India because of its rapidly growing economy, excellent educational facilities, and ever-growing IT sector. The city is known for offering both affordable and luxurious houses. Pune’s real estate market has great growth potential in the future.

Pune is the best city to live in

Pune has one of the most balanced climates, with tolerable summers and pleasant winters. It is a city that has coped well with climate change, managing to still have pleasant weather all year. The abundant greenery ensures climate stability, making it a very comfortable city to live in. Pune offers job opportunities in all fields and a very comfortable and favorable lifestyle.

Infrastructural developments in Pune

Pune has extremely well-planned and well- structured infrastructure. The Pune Ring Road, which is a construction project planned in and around Pune, is 170km long. The New Pune Airport that will be constructed in Purandar, keeping in mind the city’s future travel needs, is another highly anticipated project in the works. The Metro Rail project has been ongoing for the past few years. A few routes have already begun, and a few are under construction. The Metro aims to make transportation easy and accessible for all citizens.

Property pricing in Pune

Central Pune remains the city’s most popular residential transaction location. It is made up of three municipalities: Pune Municipal Corporation (PMC), Pimpri-Chinchwad Municipal Corporation (PCMC), and Haveli Taluka. In March 2023, it accounted for 80% of all residential transactions. The city’s real estate sector earned its highest monthly stamp duty collection of Rs. 621 crore for the financial year 2022-2023. The total cost of home ownership has risen by 58% since 2019.

Top areas in Pune City

Baner, Aundh, Hadapsar, Viman Nagar, Kothrud, Kalyani Nagar,Kharadi, NIBM, Lohegaon, Hinjewadi, Ravet, and Moshi areas and Kothrud are some of the top areas in the city. Sopan Baug is considered one of the most peaceful areas full of greenery to live in Pune. Another up-and-coming and well-planned area in the city is Punawale, which has great housing options.

To Conclude

Pune is a city with good real estate opportunities that everyone should consider investing in. Two such good and up-and-coming projects are Anika Piccadilly and Anika Essentia in Punawale and Sopan Baug, respectively. Both of these projects have luxurious houses built just for you! Book your homes now!