Real Estate Market in Pune and what it means for an investor
The real estate market in Pune is ready to unleash numerous opportunities for homebuyers and investors in the coming year.
It can be observed that there is a perpetual infrastructure development going on in Pune. The housing projects are increasing in numbers day-by-day. Hence the realty market’s potential is growing leaps and bounds too. The real estate market in Pune is brighter than ever today. One of the favourite cities when it comes to real estate is Pune. It is preferred over other cities of Maharashtra for several reasons. It is one of the greenest cities of the country.
The Central and State Government has elevated the overall scenario of the infrastructure of the city. Several things affect the booming market and the real estate trends in Pune. Smart city projects, transport systems and the prospective elevated metro corridors are some essential factors to look out for. These aspects further bolster the connectivity of the city.
MahaRera comes into effect
The Maharashtra Real Estate Regulatory Authority (MahaRera) and the Goods and Services Tax (GST) has been a crucial aspect to change the real estate market in Pune. Developers have gained the trust of the customers and the customers have the assurance of their money. Home buyers can cash on this opportunity as real estate market in Pune shows a promising picture.
RERA has managed to restore consumer sentiments to a great extent and has helped the sector to tread on the path of revival. 2018 is the year real estate will look better with greater compliances and transparency. It will be the season to buy. Even as investors still look at market cautiously, end users will continue to benefit.
Effect of commercial factors
The IT Sector and Industrial areas employ a number of residents, hence the value of the property is high on rise. Apart from this, here are some crucial factors influencing the real estate market in Pune.
- Manufacturing and automobile are also expanding at a good rate.
- Pune airport is giving a boost to the economic activities in the surrounding areas.
Pune’s boundaries are stretching rapidly
Looking at the real estate market in Pune, prices of property in the suburbs are steadily rising. The outskirts of Pune are immensely developed. So, developers are coming up with number of residential complexes in Pune.
It will surely be a profitable decision to buy a home, considering the real estate market in Pune. Namrata Group provides an array of projects in residential and commercial properties that you must consider visiting soon.
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