Along with the second largest city in the country Pune is 9th most populous city in India with an estimated population 3.3 million. It has been considered as Maharashtra’s Cultural Capital. It is leading city in the country as education, industry development, manufacturing, healthcare and even more social amenities. It is popular as “Oxford of the East” due to existence of many renowned university and educational institutes. Research center of information technology, training program and management schools attract to the student and professionals from the corner of country and overseas. After coming the industrial growth center in Pune, the location has not backout in commercial and residential development. Several real estate groups have come for investment in property in Pune.
Factors of Past Growth in Pune
After 1947, Pune saw numerous growth transformation, Becoming Pune Municipal Council was one of them that came in 1950. The educational region in Pune is its own growth with establishment of the University of Poona, The National Chemical Laboratory and the National Defense Academy etc. Hindustan Antibiotic was the first ever establishment in industries among the Hadapsar, Bhosari and Pimpri region. MIDC provided many opportunities to set up business infrastructure, several engineering companies were established along with the chemical firms.Pune began to attract foreign revenue, especially in information technology, and manufacturing sector. Aundh, Hinjewadi and Wagholi were being established its in IT Parks. Among the rapid growth in the IT Parks, Manufacturing, Industries and commercial, the population were increasing with the day, because it was attracting to people of rural area across the country due existence of job opportunities.
Residential Aspect in Pune
In present time, existence of better residential convenience and presence of IT parks at best locations are providing much opportunities to live here for long time. Therefore, numerous developer are showing interest for residential investment in Pune. Hadapsar, Hinjewadi and Pimpri are some names that are being developed in information technology parks. With the development in the industries, Pune has become hub for residential investment in the property in Pune. Along with the government, as well as real estate organizations has focused in Panvel for infrastructure growth with their impetus, initiatives and investment in the commercial & in residential projects. Peninsula and Shapoorji Pallonji are two major realty group who are running their Real Estate Properties in Panvel.
Hinjewadi is best location in Pune where Rajiv Gandhi Infotech Park is situated with including several software offices of various dimension. It also includes many educational institutes like International Institutes of Information Technology, IIMS college, Symbiosis University and famous Indira College etc. Road transport faces serious problem in evening time that’s why you late more than one two hours of original reaching time anywhere due to much traffic on highways and expressways passing through Hinjewadi. Seeing this, PMRDA proposed Metro lines project between Hinjewadi and Shivaji Nagar. Gahunje is also well planned area in Pune, which includes MCA cricket stadium and Symbiosis Skills and Open University. Gahunje has been preferred location than Lonavala for weekend. Upcoming Pune Ring road is very close to the Gahunje. Therefore, many developers are looking for land to investment here.
Some Ongoing Properties in Pune
Shapoorji Pallonji Joyville Hinjewadi-
Joyville Hinjewadi is brand name of property launched by the major realty group Shapoorji Pallonji developer, this is located nearby Phase-1 in Hinjewadi, Pune. the property has 8.16 acres land out of this 2.34 acres has been allocated for the central greenery, while 75% space will be for the open space. The project includes more than 25 activities that will create wonderful atmosphere of living inside the apartments. Joyville Pune is offering 1 RHK Joy, 2 RHK Delight-A, 2 RHK Delight-B and 2 RHK Grande apartments within different size ranging. Total area of apartment consists four term- carpet area(a), ENCL. Balcony Area(b), Area od terrace(c) and Area of Wash(d). The project has affordable homes with plenty of residential amenities. Shapoorji Pallonji Joyville Hinjewadi project is including everything that a person wants in daily lifestyle, in fact more than that features. clubhouse , proactive terrace, open gymnasium, 24 hour security system, car parking in basement and world class games outdoor are some speciality of new launched project in Pune.
Peninsula Address One-
With brilliant accessibility from railway station and airport, Peninsula Group Property is creating benchmark in Pune. it is coming in Gahunje that is well planned area and one of most preferable location by the home buyers. It houses one bedroom, two bedroom and three bedroom flats in the 1 BHK, 2 BHK and 3 BHK flats respectively. The group partnered with the best architecture consultant firm to prepare site map, designs and master plan. Peninsula Address One will be best home property in Pune in upcoming time that can be seen after watching at the sitemap of it. All basic features are inclusive in the apartments with high level security and much better configured homes. Peninsula developer given superb residential project with exclusive bedrooms, kitchen, dining/living area and electrical cabling. They are following RERA term and zero wastage space principle in each design available at Peninsula Apartments in Pune. The entire region is bounded by the lush greenery that is being extended over large acres land along the road. If you are planning to buy a home in Pune then you will like a project with exclusive & imminent features.
Godrej Seven Joka-
It is a most awaited residential project by the renowned realty developer Godrej Properties that includes world class features of luxury lifestyle. The project is spanning over vast acres of the land parcel and offers 1 BHK, 2 BHK & 3 BHK beautifully outlined classic homes which are developed as per as RERA norms. The property consists of contemporary architecture and modern design that shows the perfect blend of luxury and elegance. The campus of the project has included large open green spaces and cool surroundings. Godrej Seven Joka Kolkata property is placed in the prominent location of Joka in Kolkata where you will enjoy easy accessibility to all the significant locations. The project is located amongst best residential locality that is bounded by all the social and residential amenities. Each home in this property is in compliance with Vastu and decorated with elegant interior and exterior designs.
Importance To Futuristic
Due to much developed region in the Pune, it will be better place for investment in commercial as well as in residential properties. There are several upcoming infrastructure close to the properties upcoming in Pune. Mahalunge- IT Park Bridge on the Mula river connecting Baner to Balewadi to be complete soon, 110 meter wide ring road and upcoming metro connecting Hinjewadi to Shivaji Nagar are some major construction has been planned by the authority of development in Pune. Moreover, several shopping malls, schools, colleges, healthcare centers and many more upcoming infrastructures are bringing a strengthened to the location for investment.