Pune’s Real Estate Market In The Next 10 Years

Pune is among the few cities in India that have accelerated steadily, and has made it among the 100 top cities in the country for its Real Estate sector.

Over the past five years, Pune’s real estate sector has evolved a lot and has been influenced by numerous factors. Among them, demonetization and GST implementation are the two major aspects that created a slight stir within the real estate sector across India. However, since Pune’s real estate has always been known to be steady, it balanced it out and stood as a clear winner even under this critical situation. For such reasons, it is deemed that next 10 years from now will be wonderful and lucrative for the real estate market of Pune.

Progressive Business Model in Pune’s Real Estate Sector
The main reason for this is the progressive business model adopted by the developers and builders in Pune. After implementation of strict guidelines and regulations from the Indian government and introduction of the RERA Act in 2017, the developers have now altered their business model. The new model focuses on timely completion of projects, equipping amenities that are promised, and ensuring high-quality of construction.

Increased Transparency between Developers and Buyers
Just like other regions, even Pune experiences an increased number of developers and builders joining hands with reputed national and international brands for raising funds and mitigating the risks. So, it is expected to deliver good transparency and will ultimately lead to restoring the confidence of buyers in the sector.

An Assortment of Projects in All Categories
The builders in Pune are focusing more on completing their existing projects, rather than introducing new ones. As a result, this serves as a golden opportunity for the fence-sitting home seekers and investors to take the plunge in the real estate market of Pune. Also, there are multiple options available from affordable housing to mid and luxury housing. Therefore, buyers can grab their dream house within their budget limit.

Unmatched Infrastructure
Since Pune holds proximity to Mumbai, it already boasts of a well-developed and well-planned infrastructure. But, besides an existing impressive infrastructure, there are few other projects in the pipeline, which are only going to add positives and gains to the real estate sector. Few of the top-notch projects are:
· Metro Rail
· An International Airport
· Bus Rapid Transit System

Sound Returns on Investment
The real estate segment of Pune is not only beneficial for end-user investment, but also for profitable investments. According to the Indian Real Estate Report, January – June 2017, Pune is held as one of the sound real estate markets with less unsold inventory and more number of completed projects.

In a nutshell, the real estate market of Pune is expected to boom in the next ten years as it houses all the elements required for a healthy and sustainable growth of the realty sector.

Luxury Living Redefined

Luxury Living can be defined by four of the most important aspects, namely- Lifestyle, Dining, Travel and Living. Here’s a glimpse of these elements when it comes to Pune.

Luxury and Glamorous Lifestyle in Pune
Presently, Pune stands as an important component of the world’s technological advancement, and the same is reflected in the modern homes of the city. The concept of luxury living has evolved, and the luxurious and glamorous lifestyle has become an integral part of the city. Just like the metropolitans of the country, Pune attracts visitors and home seekers with a high standard of lifestyle being offered herein.

Luxury Dining
Pune has evolved over the years, and it has now become an ideal center for one of the most luxurious dine-ins across the region. Those who are fond of lavish and tempting delicacies of various cuisines can enjoy a plateful of these in the best fine dining restaurants of the city.

Luxury Travel
If you are among those who prefer traveling with style and who wish to live a life of more comfort and high elegance, then this city is an ideal choice for you. There are various on-call cab facilities and reliable public transport options available that make traveling in Pune comfortable yet budget-friendly. The culture of Pune is similar to that of any other metropolitan city of the country and hence you can enjoy a great, luxurious traveling experience in the city.

Luxury Living in Pune
With the changing lifestyle and the need to cater to the dynamic changes among the individuals, there has occurred a need of offering exclusive elements within the boundaries. Although big, large spaces still add a charm to the luxury, it is not just about these spaces, as luxury has shifted to the location of the property and the range of amenities available as per the dynamic lifestyle. Everything has evolved, and what was a luxury in the past is a necessity today. Luxury is now no more limited to just the grandeur but has extended to space efficiency. With limited spaces, more advanced methods, designs, and concepts are implemented by the builders in Pune, to construct flats that are high on efficiency.

For instance, swimming pool, gym, and similar amenities were earlier considered as elements of luxury, while now they have become necessary amenities. So, if you are looking for a luxurious property in Pune, then don’t just look for space, but also look for the amenities and facilities, as things have changed and so has the meaning of luxury.