Pune Real Estate – Past, Present and Future

Pune is one of the most sough cities to live in India with all the excellent weather & environmental benefits and close to Mumbai, Financial Capital of India. It is known as the best place for retired people to live and enjoy their remaining life with full of happiness and joy. For a long time Pune people were always trying to live within the city center as close as possible but now things are changing and people are now spurning the chaotic existence of inner city life and embracing the privileges of living in less populated areas as well. Nowadays, areas like Undri, Wagholi, Dhanori and Wakad are in high demand among home buyers who wish to live in a low traffic, clean air and noise pollution free area.

Real Estate development in the city is continued to revolve unrelentingly around the central areas and the process is gradually expanding outwards from there but the tight concentric circles that in the development pattern evolved did not factor in the needs and effects of modern transportation. As an outcome, the main areas of the city now produce spectacular readings on the Noise and air pollution scales.

Still, today Pune became of the cities offering every benefit of modern life for the people living there in. The base of IT companies revolutionized the economic value of this city and it now became more aware about healthy, wholesome lifestyles as compared to a crowded inner city existence. Due to this a steady outward migration with Pune’s newly residential locations becoming more preferred. Real Estate Developers in Pune are following the updated city planning blueprint that ensures open spaces, green cover, active social and civic infrastructure and wide roads. Properties in Pune’s new suburbs now offer less stressful, healthier and more fulfilling lifestyle not only to this but for new generations as well.

Developers like Kunal Group have launched their project named Kunal Aspiree at Balewadi which is a suburb of Pune, located to the north west of the city, and is famous for the Shree Shiv Chhatrapati Sports Complex. If you wish to live in a serenity of nature with all amenities and features then it’s your best deal to book a flat in Kunal Aspiree pune.

Pune Real Estate Demand Increased Over Time

It is well known that Pune is now not a Pensioner’s paradise anymore but still is the number 1 city of choice for retiring people in Maharashtra. Apart from that there are some other interesting factors that define pune growth. The factors are:

1.The Development in I.T. (Information Technology)

2.The widespread organized Retail

3.The changing demographics of the city

In all these three factors, the changing demographics is making a big impact on the demand of real estate in pune. Till 80’s residential real estate demand in pune was mostly driven by people in rather laid back services industry. At that time the modus operandi for buying a 2 bhk Flats in pune or 3 BHK Flats in Pune was predominantly revolved around saving up a sizeable financial amount and buy whatever home was available at that time within that very same budget with little or even no leverage.

At that time, their pay scales were also moderate to low and as compared to pay scales in Mumbai those were very low. Hence at that time it was more or less constant flight of talent and capital form Pune to Mumbai. There were not much international employment opportunities for the youth of Pune from exploring their fortunes abroad. Due to all these the residential real estate market in Pune was moreover a very elementary level of requirements. There was not much scope for developers to be more adventurous in unit size, specs and locations and due to this the property investment potential was remained low for this city and waiting for the better growth.

In 1990’s Pune started to emerge as a land for Information Technology companies. Started from BPO companies that spread their business in Pune, young people of Pune started earning well in this industry and then they started to show their interest in real estate investment. Within 20 years, Pune get developed in such a dramatic way that it is one of the most favored places in India to live. There are many real estate projects offering 2 BHK, 3 BHK, 4 BHK properties in Pune. Some popular projects under going right now are Kunal Aspiree, Ranjangaon Greens, Kunal Iconia, Marvel Cascada, Lodha Belmondo, Lodha Codename Springwoods and many more.

Balewadi – Attractive Choice for Residential Apartments in Pune

Introduction to Balewadi

Balewadi is a sub-urban part of Pune, situated at the north-east of the town and worldwide popular for its Shree Shiv Chhatrapati Sports Complex. Back in season 1994 it has or ganised National Games and in season 2008, the Commonwealth Youth Games were organized in this sports complex. These days it’s a primary place for property in pune as there is lots of place area is available for property growth and therefore it is now in the lime-light of property growth place. 

Are you thinking why Balewadi is so excellent for residence development?

Well, here are the top 5 reasons:

Close to IT Organizations & Hubs

Balewadi is near to Baner Street which is a optimum position for IT/ITES growth place. Hinjewadi is also near to Balewadi.

Accessibility

Balewadi is an ideal option for those who wish to have their residing position well-connected to other areas of the town and outside. The Mumbai-Pune Expressway, Katraj-Dehu Street Area goes through Balewadi and the streets are well develop and get linked with other areas of pune as well. The Pune Airport terminal is 20 Kms away and Railway Station is 10 Kms away so you can quickly access these positions.

Affordability

The regular cost amount in balewadi is around Rs. 4500 to 5500 per sq. ft. whereas the encompassing places are having a normal amount of Rs. 6000 per sq. ft. hence you can see the distinction in prices. Therefore it is an cost-effective place to spend money on residence.

Livability

Balewadi is near to Baner and Aundh and the primary public agreement is well-settled. There are several financial institutions, academic institutions, dining places, stores and purchasing centers are available and some of them are still under growth and will be soon start for the individuals. There are several academic locations existing in Balewadi as well. Some of them are Nationwide Insurance Academy, National Institute of Construction Management and Research, MITCON and Mose College etc.

NEW PROJECTS

Due to so many features and sources availability, there are several new projects have been released and continuing now. Some of the well-known projects consist of Marvel Cascada, Kunal Aspiree and many more. There are many finished tasks also such as Elite TransBay, Kunal Regulus, Gayatri Bravuria, Echinus Court and many more.

If you are willing to buy Residential Property in Pune then you must consider Balewadi too. It has its own appeal in the phrase of residence and you provide you with successful outcomes only.