Reason behind the Rising of Residential Property in Pune in today’s Market?

The residential property market across major cities in India, including Delhi NCR and Mumbai, have seen a decline over the last few years. However, the second biggest city of Maharashtra, Pune has seen an increase in prices of residential property in today’s market. Here we are going to explain some top reasons behind the rising of Residential Property in Pune in today's market.

• Pune is one of the hottest real estate markets, and the establishment of the IT Parks in the city has led to a plethora of jobs, which has led to an increase in demand for residential property. Another factor is the policy overhauls, which have led to the stabilization of prices and rising demand for residential property. 

• The efforts made by RBI and the Indian government are expected to further boost the residential property market of Pune. RBI has cut the Repo Rates down to 6 percent and the central bank is also taking a positive stance by a reduction in key lending rates. Home buyers stand to benefit from this, as they have a higher purchasing power, enabling them to purchase premium homes.

• A number of leading Top Real Estate Developers in Pune have launched premium and affordable housing projects in Pune. VTP, Shapoorji Pallonji, Kolte Patil, and Godrej are some of the leading developers in the city. The developers have launched projects which are filled with all modern amenities and facilities to meet the rising demand.

• Pune has emerged as one of the most favorable cities for investing in residential real estate, and this trend is continuing to go on. The city is famed for its educational institutions, as well as IT Hub. The city has emerged as a buzzing metropolis with great places to live in and offers several options for entertainment and dining. The growth in the number of large peripheral areas of the city has led to improvement in the infrastructure within the city.

The real estate market of Pune has seen excellent growth over the last few years. Parts of the city that were once considered as the ‘outskirts’ have now become thriving localities. Pune remains the best city to invest in residential property.