Look beyond the top metro cities and you will see Pune as the Oxford of the East with a booming IT hub. The city of Peshwas is gifted with a prosperous history and also better future prospects
Look beyond the top metro cities and you will see Pune as the Oxford of the East with a booming IT hub. The city of Peshwas is gifted with a prosperous history and also better future prospects. The city can be segmented into suburbs and new city that is inner and outer districts. Due to the IT industry, Pune’s realty market has given rise to a new segment of buyers who have high purchasing power. There are many new residential projects that have increased the number of plots for sale in Pune. In the total residential market in Pune, the lavish properties constitute only 2-3% of the total market. Many high-priced ultra-luxury projects are currently under construction in the city.
Despite the slowdown in the Indian real estate market the city has grown steadily in building luxury properties. Along with Hyderabad and Bangalore, Pune has also seen a rise in the luxury housing sector. Pune has the second highest increase in property prices in the past three years. The city thus ranks fifth in terms of affordability. Apart from buying houses for sale in Pune there are rental flats available too. For those who earn high income can also reside in a rental flat. Apart from residents, multinationals are also planning to enter.