Explore the future property trends in Pune
  • Posted by: Yatri Ajabia
  • 29th September, 2018

Explore the future property trends in Pune

Pune is considered one of the best cities to live in today. The Pune real estate market is growing rapidly and the future looks promising due to the massive development and growth of the city.

future property trends in Pune

Development of Infrastructure

The government is actively participating in bettering the infrastructure of Pune in terms of water, sewerage, smart city projects, etc. Construction for 3 metro lines connecting the heart of the city to all the important suburbs such as Hinjewadi, Swargate, Pimpri Chinchwad, etc. is already underway. The traffic and transport systems too are being developed by the PMC. All this development of infrastructure will definitely lead to a big boost in the Pune real estate market in the coming years.

Upcoming Suburbs

The suburbs of Pune such as Baner, Balewadi, Hinjewadi, Rahatni, Tathawade, etc have developed immensely. Lots of people are flocking to Pune due to the numerous job opportunities which has lead to a rise in the demand for real estate within the city. This has also been responsible for the development of all the suburbs as well as the development of the areas in the outskirts of Pune.

Industrial Zones and IT Hubs

Pune has well developed Industrial zones and IT hubs in and around the city. Places such as Talegaon, Chakan and PCMC boast of several International companies while the IT hubs in places like Hinjewadi, Kharadi, etc have technological giants such as Infosys, Wipro and so on. Not only does this lead to increase in the development of the city but it also leads to several job opportunities. This is another reason why the future of the Pune real estate market looks promising.

Great Choice for Settling

Pune is emerging as one of the most preferred cities to live in today. This is due to the avalibility of good education, amazing work-life balance, pleasant weather, great development and several job opportunities. Let’s take a look at the increase in population in last 5 years in Pune –

  1. 2013 – 4.3 Million
  2. 2014 – 5 Million
  3. 2015 – 5.7 Million
  4. 2016 – 5.92 Million
  5. 2017 – 6.36 Million

(Source: indiapopulation2018.in)

The population is only going to increase in the coming years which means increase in the demand for housing projects which will only boost the Pune real estate market.

Good Choice for Investors

The Pune real estate market has shown a good growth in terms of real estate prices as shown below.

Area Price Increase
Balewadi 12.7%
Rahatni 17.9%
Tathawade 24.9%
Talegaon 25%

Source – Makaan.com

As you can see, the Pune Real Estate Market is going up. Considering the pace of this city’s growth, one can safely say that it will continue to do so. So if you are looking to buy a house, whether as an investor or as an end user, then you should definitely consider investing in the Pune real estate market.

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Real Estate Trends in Pune and Market Forecast

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