Friday, July 8, 2011

A Snapshot of New Construction Projects in Pune

Among all other II tire cities in India,Pune is quickly catching up with the real estate hyperbole.Home developers in Pune are now primarily focusing on new construction project in Pune which includes economic residential project to high-end residential projects to ultra luxury homes to match the expectation of all strata of buyers.
The upcoming residential projects in Pune can be classified into:
  • Apartments/Flats project
  • Bungalow/Villa projects
  • Row house projects
  • Pent house and duplex homes projects
Real estate project trend in Pune has encouraged home developers in Pune to construct integrated townships like Magarpatta and Nanded city, which has inspired many renowned builders and developers to showcase their repertoire in construction which is of international standards.

Role of Commercial and Home Developers in Pune
Home developers in Pune are targeting customers in India as well as NRIs for these projects from middle class buyers to super rich buyers. Outskirts of Pune is witnessing many residential projects and there are many 3 bhk apartments in Pune mushrooming which are at affordable prices. Upcoming penthouse, duplex, Bungalow/villa residential projects in Pune with ultra modern amenities like security, gymnasium, swimming pool etc., are some of the salient features to attract high end customers to buy. Many NRIs and metro city dwellers are now buying flats in Pune for their investments.

Builders are pursuing their upcoming projects in Pune vigorously as Pune real estate market is a safe buy for those who wish to reside in Pune or just wish to invest. The demand is increasing which has led the developers of Pune to come up with Residential Projects in and outskirts of Pune, with the growth of economy in Pune, Residential property rates Pune might again start skyrocketing in near future.

In commercial segment also Pune is quickly catching up with other metro cities. Umpteen numbers of Green park, IT and business park are growing immensely throughout the city to allure many international BPOs, Software companies and Financial conglomerates to open up their offices in Pune. Commercial developers in Pune are capitalizing this opportunity to come up with ultra modern business hubs and thus attracting many foreign visitors for business and that’s how it is also pushing the hospitality industry to accommodate such people on the run with luxury and comfort. This in turn again inspires the commercial developers in Pune to come up with new construction projects in Pune.

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