Reasons behind Pune’s transformation into a luxury real estate delight
Pune referred as the “Oxford of the East”, is one of the top cities in the country to live in. It is also called the Cultural Capital of India as it is home to people of different values, who bring in a lot of cultural diversity. Pune is located in the western end of the Deccan plateau, hence called the “Deccan Queen”. It is also known for its beautiful weather, which ranges between 15-35 degrees throughout the year. Pune is also one of the fastest growing cities in India, not only in terms of development, but also as a tourist destination and educational hub.
Pune is no longer just a Pensioner’s Paradise; three factors defining the city’s increased demand in the real estate segment in recent times are – The growth of Information Technology, the massive spread of organized retail in the city’s ever changing demographics and the rapid growth of its industrial sector. In the recent years, Pune has observed defence, manufacturing and many other crucial sectors making it their headquarters, transforming it into a major business centre. Considered as one of the greenest cities of India, Pune has more than 40% of its area covered by greenery. With every passing day the face of Pune is changing and the infrastructure challenges are also increasing. Due to the increased number of upcoming projects and developments taking place in the city, Pune’s population is also rising.
Another significant change noticed is the demand for homes has shifted from basic towards luxury properties. With the presence of the IT & manufacturing sectors paying large salaries in Pune, aspirations of home buyers to lead a good life have also increased. Now many Puneites are expressing their desire for open spaces, independent homes and luxury penthouses & villas rather than pocket-friendly smaller units. To cater to these demands, Pune developers are also evolving and offering you a niche product based on a strong foundation of design & innovation.
Locations just right for Luxury Homes in Pune
Luxury homes are in high demand at present and many renowned developers across the city are offering you a wide selection of exclusive luxury homes in Pune’s most sought after locations like Koregaon Park, Boat Club Road, Bhosale Nagar, Magarpatta, NIBM Road, Kharadi, Wagholi, Balewadi, Bavdan and Baner. These apartments, penthouses and Villas redefine the way luxury is perceived and offer residents’ a better and fuller living lifestyle. Home Automation, Plunge pools on private terraces and private spas, gyms and home theatres in your apartment are some creature comforts offered to the discerning few. Thus, many developers in Pune are moving towards the luxury segment which caters to the urban demand of the city. The city skyline is transforming from small buildings to skyscrapers which will shift Pune into the ‘Developed Cities’ club. Developers in Pune by their unique building designs, landscaping and amenities are attracting residents by providing them with better living opportunities.