real estate developers in pune

Residential and Commercial Property Markets growing
at a fast pace in Pune

With the revival of U.S. economy, projects have started flowing into Pune. This has developed needs of several IT companies searching for large commercial places to accommodate their offices. This has also led to an increase in migrants to the city in search for employment. To complete the need of their residence, there are various upcoming projects in Pune, from budget homes to luxurious apartments to cater to the needs of various segments of the society. The outskirts have witnessed a leap in new residential projects in Pune to cater to the needs of the new immigrants.

Few of the on-going residential projects in Pune can be summarized to Pristine Privilege Aundh, Pristine Royale Aundh, Little Hearts Undri, etc. Little Hearts offers pocket-sized apartments. Each of these projects is located in safe, secure and with scenic back grounds. Undri is not a new entrant on the Pune real estate landscape, but it is now gaining popularity and increasing prominence because of the massive rise in demand for affordable housing in this area. In terms of location, Undri has very definite Unique Selling Points such as – it is quite close to camp area and has an advantage of being well connected to various key localities in Pune via local and interstate highways. Undri also is well connected with various other IT hubs in Magarpatta City, Infocity, etc. in the nearby areas. Various residential projects are either completed or ongoing. There are 1 and 2 BHK flats for sale in Undri.

With big financial houses, IT companies, Off-shore business houses are increasingly investing in the city's real estate. With increase in Foreign Direct Investment from foreign companies, commercial properties in Pune are looking for an increasing demand. Different real estate developers are wooing the companies by offering them affordable but lavish offices at important points in the city. There are a number of commercial properties for sale in Pune. Garnets Bay and Business @ Mantri are the up-coming commercial property projects at Viman Nagar and Nagar Road, Pune.

The budget of 2015 -16 has focused on tax benefits, affordable housing and encouraging new buyers in the property market. HRA exemption has been increased from Rs. 24000/- to Rs. 60000/-. This will boost the real estate market in future especially in Pune.