The city at the outskirts of the state of Maharashtra, Pune is the most favored centre for multinational companies. Real Estate sector in this city has seen the continuous growth. Even during the recession the demand for both residential and commercial property in Pune was increasing
The prices of the land here are also rising day by day. Earlier Pune was not known for the property market but due to the tech companies coming here it has become the most preferred destination for the people. IT companies have not only captured the western region of the city but has also started to establish themselves in the eastern region. Even the automobile and the service sector is also creating the demand for the price to rise of the land. All these sectors are offering the job opportunities to the people due to which young students are coming to the city for the job. In order to stay here they search for the property. If the people have a large amount of money they buy their own house but if they have less money they go for the rented house. The banks in the city are giving the low interest rate loans that entice majority of the population to own the property.
People also want to reside here is because of the climatic conditions. The weather all year around is very pleasant. The infrastructure available is also very excellent. All the houses made are of the modern design. This city is also famous for the esteemed colleges and educational institutions. People from far flung areas come here to reside which creates the demand for property in Pune. Flats, independent houses, apartments etc are the best option for the people. Even the environment there is pollution free. All round there is greenery and city is totally clean.
Commercial estate in Pune: Many renowned companies like Infosys and Wipro have opened their offices in the area and offered many job opportunities. Due to these popular offices the price of property in Pune has increased a lot. Still there are many projects undergoing for the commercial estate.
Residential Estate in Pune: According to the latest reports there is need of 40000 residential houses in order accommodate the growing population. Even the Maharashtra government has given approval to the private estate for construction of residential homes under the Public Private Participation (PPP) model.
There are many real estate agents available there that help the individuals in buying the property at affordable rates. There are online websites available that makes the process of purchasing the land easy. People sitting anywhere can locate the best property and buy it. But be very clear about the budget you want to invest in the ownership of land.
