Pune is fondly known as the Queen of the Deccan, located in Western Maharashtra. The city, today has turned into an international city and is illustrative of the absolute best in Indian society. Pune recognized as the seventh biggest mega city in India. However, the city has been the centre of attraction for the last several years as the property markets have particularly taken a cue with Indian economy charting huge growth rates, on the facades of its prospering services and manufacturing zone.
Real estate in Pune has seen an advance growth as demand for house on rent in Pune is similarly determined by employees and students, who come to strive their studies at this city integrated by world class educational institutions. Several established and renowned real estate builders in the city are focusing on giving quality and style in each property in Pune. They are also going out of their way to cater luxuries and premium living in housing and commercial properties.
Significant reasons for the hike in real estate in Pune are
Real estate has been the talk of the town recently. With numerous premium builders introducing villas and super luxurious homes, NRI investments are growing multi-fold. Because of its close proximity to Mumbai, Pune profited profoundly from this phenomena and struck gold in the real estate market. After confirmation from the Pune real estate brokers, the city has so far been protected from any effect of the worldwide financial emergency. Investment in Pune properties of the medium and a long term run bodes well today. The townships offer the most secure and investment full opportunities.
Pune real estate costs are on an upsurge with a capital climb of 25-30 percent yearly. Various zones have thrived to such a degree, that property costs have almost doubled. The cosmopolitan base of Pune has pulled in migrants from neighbouring cities, which has held Pune rental markets in the fortnight. Residential properties are easily available for at cost effective prices.
A fixed slash cost of living, pleasant weather, a little cramped city which makes travelling simpler, an incredible young upbeat crowd all adds to the Pune charm. Interestingly, the demand for 3 Bhk on rent in Pune is equally driven by students and professionals. Existence of esteemed educational establishments and Pune University draws in thousands of students to the city who then lookout for rental houses all across the city.
