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Pune is witnessing an expansion in development and becoming the focal point for IT, automobile industry, education, and engineering sectors. Every year the rate at which the real estate development corridor expands is tremendous. Pune has close proximity to Mumbai, and thus has become as the nearest-second home for people to invest in this city for variegated reasons. Due to excellent airway routes and road connectivity like the Expressway and Mumbai – Bangalore Bypass, people do not hesitate to frequent Pune in the shortest time for business or pleasure purposes. Moreover, development of IT, ITeS, Research and Development sectors and many other commercial work plants have inflicted the growth of real estate in Pune. This boom in the real estate market has encouraged many builders to develop multifarious residential projects in the city. Pune Real Estate Projects are Booming A number of real estate developers are involved for the drastic change and shape Pune city has undergone regarding the infrastructure and overwhelming flats in Pune. This change has come about over the past recent years, because of the perpetual shifting of migrants to this ultra-modern city. It is clearly perceived that, if more and more individuals shift to the city for work, education or stay purposes, there is a massive need for an expansion in city’s residential projects. When it comes to flats in Pune, individuals who have families usually opt for such housing options. On the flipside, investors who are simply looking out for a land property where they can benefit to book flats or apartments for valuable returns, invest in upcoming Pune real estate projects. Another factor, perhaps the most important of all in the upswing of Pune real estate market is the development of apartments, penthouses or duplexes for spacious living. Besides the 2 bhk and 3 bhk configured apartments, flats in Pune that have 4 bhk or 5 bhk configurations with spacious terraces or a penthouse on the roof top have become famous and considered posh. People, who can afford such houses in Pune, have the capacity to earn and spend well for better lifestyle and comforting home. In these modern times, availing a house is no big deal. The easy availability of home loans has made the overall buying process quite quick and approachable. All one needs to do is keep a few important documents and requirements ready and the bank takes care of the rest thereafter. The real estate development in Pune is bipolar. The overall structure of the city is mapped in a very well planned, systematic approach. The north western side mainly leading towards Mumbai as well as, the eastern side is completely IT-driven. On the other hand, the high-end residential flats in Pune are mainly found at areas like Koregaon Park, Kalyani Nagar, Boat Club Road, Law College Road, Viman Nagar and so on. Other places like Model Colony, Senapati Bapat Road, Deccan Gymkhana are considered in the list of old posh areas of the city. These areas are gradually experiencing new developments for various reasons. Pune’s developmental activities, the fine infrastructure and other various sectors are signs of Pune's growing economy.
Author: Gera Developments is one of the leading Real Estate Developers in Pune & Goa. We also offer high end commercial complex and other Real Estate Projects in Pune and Goa.
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