Cosmopolitan cultural confluence, strategic location, centre of attraction for tourists, numerous avenues for entertainment make Koregaon Park the most sought after hot spot among the top real estate developers in Pune to showcase their well crafted projects both in residential and commercial real estate segment. Vascon –one of the top real estate players in Pune has already launched many projects both in residential and commercial segment in Koregaon Park.
Koregaon Park—a posh location in Pune has been witnessing increased buoyancy in construction segment for residential, commercial and retail real estate. Many top real estate developers in Pune are vying for occupying the best location in this area for respective projects. Vascon has already successfully launched many of its iconic projects like ‘Orchids’, ‘Woods’, ‘Rivernest’ in Koregaon Park.
With a robust economy in place the employment opportunities are heading northwards making it essential for companies to open up new office space and this can further boost the commercial real estate in Pune. Reports reveal that the total absorption of office space in Pune last year (2010) was approximately 2.5 million square feet which has ignited the commercial space development with a new spark. This can be attributed to the reason of Koregaon Park being brimming with new commercial spaces.
With the stabilization of rentals top real estate developers in Pune are now aiming to go on a space occupying spree for undertaking many projects. A number of retail developments are already lined up for completion by 2011. Koregaon Park is essentially an area every builder will love to decorate with their engineering expertise for its strategic location within the city. This will further boost up confidence among international brands like Zara, Blue O and Spar to open up a new line of fashion and entertainment avenues in Pune.
The prevalent market sentiment is positive and Pune’s office market is expected to experience a significant growth in the next two years. It is time for top real estate developers in Pune like Vascon to support this growth story with sustainability and affordability.