With the boom in IT sector and increasing purchasing power of the up coming urban middle class, properties in Pune could reflect a new shine making the property developers in Pune to offer more competitive and state-of-the-art projects. However, of late this sector sees an exorbitant hike in prices which is due to more number of IT/ITES are constantly looking for office spaces further pushing up the price tag of the commercial real estate sector. Residential properties in Pune , with umpteen number of blue-chip projects in line the property developers in Pune leaving no stone unturned to come up with best of their constructional milestones.
Though many see this boom as a bubble which will burst in no time and project a slight correction, however, the overall scenario looks stable in 2011. As the purchasing power of the buyers improved so also the demand for luxury homes is at its pinnacle. Now people prefer to have a peaceful living with luxury, comfort and convenience that is possible as the developers are coming with high end infrastructures with full facilitated home solutions. There was a time when the entire sector was totally unorganized which now became a complete organized and regulated sector now with the coming up of number of luxury and exclusive homes.
Premium housing projects with all the luxuries plus conveniences are the new real estate mantra for property developers in Pune.
The government of Maharashtra is encouraging the development of such townships so as to reduce the pressure on urban areas and in turn to improve the infrastructure of cities like Pune. These townships offer high standard of living, better infrastructure, aesthetic environment, luxuries like swimming pool, indoor outdoor games court, restaurants, shopping malls, schools, etc. Property developers in Pune can make these advantages available to customers at a rational cost in a township property as compared to a small residential project.