Real Estate - Growth, Strategy and Performance

Buying homes, selling plots or even renting- there are lot of parameters that need to be taken into account. Let’s shed some light on the realty scene in Pune.

Growth

2014 and 2015 witnessed a number of ups and downs in the real estate market. The demand for investing in properties in 2014 was higher than 2015. More than 200 projects were launched just in 2014. Last year, the demand went comparatively down. However, according to statistics, the property rates have been more or less the same, which is why, the year has nevertheless been rewarding for the developers.

Hinjawadi and Moshi, which happen to be unknown localities are also attracting developers and investors. A lot of investors are also expanding in Lonavala and localities nearby.

Strategy

Compared to the other metropolitan cities of the country, the buyers strongly believe that the property rates are reasonably affordable for the property size in Pune. Most of the property units are medium-sized, which makes it very convenient and practical for the buyers to invest in these units. Most of the developers are flexible when it comes to housing loans, which is also creating customer satisfaction for the investors.

Performance

A lot of underdeveloped localities in Pune are witnessing upcoming projects by reputed builders. Wagholi, Moshi, Pisoli and Hadapsar among few others are recent examples of this development. On the other side, the areas with infrastructural efficiency like Baner, Boat Club Road, and Kothrud among others, have a number of ongoing projects where development of luxurious residential and commercial spaces is witnessed. 

A few US based developers are also keenly taking up luxury home projects in and around Pune.

As of now, investing in properties in Pune seems the right time, majorly because of the affordability. Thanks to the IT parks, even semi-rural and underdeveloped localities of Pune are now major real estate hotspots. 

Megapolis - Where Nature and Technology Come Alive

Talk about real estate in Pune and the only word which comes to your mind is ‘burgeoning’. The market has been flourishing like never before in and around Pune, especially the outskirts.  One of such areas, which is rapidly providing a lot of lucrative investment options, is Hinjewadi. Close to the Mumbai Pune Expressway and Pune Bangalore Highway and the seat of Information Technology with Rajiv Gandhi IT Park, Hinjewadi makes for one of the best residential areas in Pune. Hinjewadi has lately become all the more alluring, thanks to Megapolis, a 150 acre integrated Township project by Pegasus Properties Pvt. Ltd. At Megapolis, located in Rajiv Gandhi IT Park Phase 3, you would be greeted with finest amenities, high end specifications and abundant greenery. These flats in Hinjewadi are spread over 21 storey premium towers and 14 storey Smart Homes. What is more that you get to choose from a wide range of residential options; right from a compact studio apartment to large 3 BHK apartments in Pune.

Real estate in Pune and Megapolis has some more to cheers for, as RSP, pioneers in integrated township design and Belt Collins from Singapore, have been roped to ensure that homebuyers get the finest houses. These flats in Hinjewadi provide breathtaking vistas of the terrain around, comprising of beautiful water bodies and hills. Additionally, Megapolis gets an edge over other residential projects in Hinjewadi and Pune because of its 80% greenery and 20% construction ratio. ‘Walk to Work’, is another reason, why one should buy a property in Megapolis as you have all the IT giants, from TCS to Infosys , Cognizant and Tech Mahindra just around the corner.

The project also boasts of no vehicle zones, bicycle tracks and separate traffic lanes for children along with all the modern conveniences like schools, hypermarket, restaurants, music lounges, clubhouses, 24X7 security and many more facilities to unwind and relax. So, in this integrated township, it is just going to be a grand lifestyle and nothing less.  Landscaping, design and sensitivity towards environment combined with the latest technology in construction and architecture – Megapolis offers the best flats in Hinjewadi one can ask for! Real estate in Pune can surely do with some more ‘mega’ projects like these!