Pune Properties Nurture a Deadly Combination
Equipped with a deadly combination of educational and IT infrastructure, Pune real estate is rightly said as the second hottest destination in Maharashtra. Both commercial and residential property markets in Pune are driven by these industries while the traditional manufacturing industries of automobiles also are actively participating in the market growth.
Owing to the IT Park, Pune is expanding from its western end at Hingewadi, and the property prices in areas like Balewadi, Aundh, Wakad and Bhugaon have multiplied several times in the past few years.
At present, the land price at areas surrounding the IT Park hovers from Rs 1,000 to Rs 1,450 per sq. ft. An impressive appreciation of about 50 per cent is witnessed in the past 12 months, in the same.
Besides, the western end Pune real estate is also growing at an steady pace from Southern end. Take for instance, Kondhwa, which is fast emerging as a sub-urban region for the city.
Nevertheless, the successful forays of IT companies in the city have led a huge influx of educated gentry in the city, and that's why the residential properties in Pune are steaming with demand.
Capital values for apartments at prime residential locations of Pune hover in the range between Rs 1,000 and Rs 3,200 per sq. ft.
Interestingly, the demand for house on rent in Pune is equally driven by students and professionals. Presence of prestigious educational institutions and Pune University attracts thousands of students to the city who then scout for rental houses all across the city.
Similarly, the city with its flourishing economy offers tremendous employment opportunities and success of IT, Banking and Finance industry further triggers the financial environment of the city. Several hundred people set up their residential base in Pune and look for properties in accordance of their needs.
At the other end, students who get their education from the Pune institutions also develop attachment with the city and thus prefer to start working in the city itself. With such factors in the picture, outlook for residential properties in Pune is quite upbeat
For more details on Pune Properties, log on to magicbricks.com
Related Tags: property, real estate, properties, buy, sell, apartments, flat, rent, pune
For more information on India Properties visit magicbricks.com, here you can also know about Delhi Properties.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- 5 Reasons to Buy Jasper Real Estate
Jasper is a small town in North Georgia and it is growing rapidly. Since North Georgia Foreclosures - Ellijay Real Estate
Ellijay Georgia has always been known for it's outdoor activities and seasonal festivals. Downtown E - How to Deal With Blocked Drains
A blocked drain is an occurrence that happens eventually to all households. You may have experienced - The Benefits of Hiring a Plumbing Consultant
Your dream home may not always be brand new, with fresh paint and home essentials. There are certain - The Worst Mistake You Can Make When You Apply to Rent a Home
A whole new class of people has become renters and potential renters in America during the last thre - State of Individual Real Estate Markets
Everybody is well aware of the hit that the real estate market has taken over the past three years. - Thoughts on Avoiding the Landlord Trap
I've heard several people say they would never invest in a multifamily rental property because they - An Idea to Increase the Bottom Line of Your Investment Property
Are you pretty sure that you've already maximized the income coming from your property? If you've cl - Finding the Value of a Piece of Investment Real Estate
There is a lot of confusion about how much investment property is really worth. We'll look at three - Arkansas Land For Sale - Search Engine Optimization and Your Website
If you have Arkansas land for sale and are interested in advertising it on your website I have a few
Most viewed articles in this category:
- How High Did Home Prices Really Go
The U.S. Census Bureau released data on Tuesday that revealed where the nation's hottest markets wer - New Homeowners Tips for Household Safety
With so many items on their ¡°buying a home¡± checklist, few homeowners take into considerati - Truth About VA Foreclosures
Many people now days are finding themselves out of work and not being able to make the mortgage paym - Avoid Rookie Real Estate Investing Mistakes
When Robert Kiyosaki, author of the Rich Dad book series, bought his first property he was, of cours - Finding The Perfect Roommate On Craigslist
Craigslist, Roommates, and The Concerns Craigslist is "great" when it comes to looking for housing - The Forgotten Secret To Selling Property - Simple, Quick And Cheap
Why spend big dollars trying to get people to drive a long way to see your house, when your best pro - Get Amazing Results Selling Real Estate Online
This is the age of the internet. Why not take advantage of the widespread use of the internet to ad - Dallas Real Estate Information
In the United States, Dallas is considered as the second leading state according to the area. If any - The Largest Private Equity Indian Real Estate Deal
In the largest private equity deal won by the real estate sector, Morgan Stanley Real Estate has inv - Fractional Real Estate Ownership
Fractional ownership of vacation ski condos is growing in popularity. Park City Utah a popular ski t
