Properties in Baner – Rising Demand in Real Estate Market Pune

As we have seen in earlier blog Pune real estate had tremendous growth in last few years. Baner is one of the outstanding suburb located on outskirt of Pune. This is best destination for IT/ITES professional. It provides convenience for people working in Hinjewadi as well as Rajiv Gandhi IT Park and itself is home for some best MNC companies like Symantec,Calsoft etc.

Why Baner is best to make property investment?

• As stated above it is only 5 km far away from Hinjewadi and Rajiv Gandhi IT Park
• It is convenient for people travelling from Mumbai
• It is also close to major localities in Pune such as Aundh, Pune University, Pashan, and Deccan
• The infrastructure and civic amenities are developed here.

Baner is suppose to be queen of suburbs in Pune as it is centrally located in beautiful hills and greenery. Among most preferred localities Aundh has reached to the point of saturation.Still Balewadi and Baner had some undeveloped area that’s why Baner is favored by construction companies and prospective homeowners alike. If you are looking for a flat in Pune then Baner is the right place .

Factors Behind Pune Real Estate Hike

Property Demand in Pune City is growing because of IT industry. In the areas like Kalyani Nagar, Hinjewadi, Wakad and Baner there is steady demand for properties as these areas are close to major IT hub. Apart from IT and BPO industry, the student population in Pune residing their campuses are also demanding housing in Pune.

According to real estate experts and agents there will not be recession in  Pune Real Estate Industry at least in the next 10 years. And property demand in Pune is still stable. Currently, Pune Real Estate market is one of the most dynamic segments in Western India.

According to the real estate market reports in Pune, commercial property in Pune fetches about 20-25% returns on investment. Thats why Pune is most preferred destination of investors. Developers are now also focusing on the bordering areas of Pune such as Ambegaon, Wagholi,Chakan etc. Most of the investors are now looking for affordable accommodation in suburban and bordering areas.Areas like Kothrud, Vanwadi, Aundh were the extension of villages but now they are hub of property development .

Pune is swiftly transforming itself into IT city as many national and international companies such as, Wipro, Infosys are establishing their base in the city. Even though because of growing market in Pune many leading MNCs has also arrived here.
The rapid industrialization of Pune has increased the population in the city tremendously and the fact is that Pune Real Estate is successfully providing space not only for the commercial complexes but to residential buildings also.

Profest 2013 - Biggest Property Exhibition by CREDAI-PUNE METRO in Pune

CREDAI-PUNE METRO presents biggest property exhibition in Pune - PROFEST 2013

PROFEST 2013 Dates:

The Mega Property exhibition will be held for 3 days starting from the 1st of February to the 3rd of February 2013.
PROFEST 2013

Venue:

The venue for this year’s CREDAI property exhibition is as follows -
SSPMS Ground,
Near Le Meridien,
Next to RTO
Pune

How to register for PROFEST 2013?

To register yourself for PROFEST 2013 please visit http://www.credaipune.org/exhibition/2013/Form.pdf


Stall Pricing and Layout for PROFEST 2013:

Get more details about Profest 2013 and pricing information
http://www.credaipune.org/exhibition/2013/layout.pdf

The stall allotment will be done on the Thursday,17th of January 2013 in the CREDAI Pune Metro office at 4.00 pm

Visit http://www.credaipune.org/

Pimpri-Chichwad- Prime Residential Destination in Pune

Pimpri Chinchwad is latest hot residential destination with growing infrastructure and best amenities. Strategically located flyovers, public parks, multi-lane roads, urban forestation, ample potable water supply and a ample drainage network emerges Pimpri Chichwad as one of the prime residential location.

Peoples are looking for residential real estate projects with greenery, low traffic, nearer from express highway.Environement of Pimpri Chichwad is absolutely perfect as per these demands.famous developers like Pharande Spaces and Mahindra Lifespaces have snapped up prime land exclusively for building projects in Pimpri Chinchwad .

PCMC is a city still progressing. Existing public and social infrastructure varies according to the individual dynamics of each micro-market. Property rates in localities in PCMC ranging from Rs 3,500-4,500 per sq ft.

Latest and Upcoming projects in Pimpri Chichwad are
• Celestial City in Ravet by Pharande Spaces
• Antheia by Mahindra Lifespaces
• L-axis on Spine Road by Pharande Spaces
• Woodsville in Moshi by Pharande Spaces

View more residential real estate projects at Pimpri Chichwad http://www.thecompletepropertystore.com/real-estates-pune/properties-pune

Demands for office spaces are stabilized in Pune

Pune ranked 8th top cities in India. Due to growing IT cities in India, there was high demand for office spaces from last few years. It has been observed that the rental demand for office spaces in Pune stabilized. Few locations are still in demand but overall result shows that situation has stabilized. According to total assimilation of office space will be around four million sq ft during 2012

C B Richard Ellis - a real estate consultancy company stated that existing vacancy levels and lower demands for commercial property have resulted in a sudden decline in supply addition in country.

Some areas of Pune such as Koregaon Park M G Road, Bund Garden, Dhole Patil, Kalyaninagar, J M Road and F C Road observed increase in transaction. The rentals have gone up in these areas from Rs 28 – Rs 30 per sq ft in 2010 to Rs 40 now. In some locations it is as high as Rs 60 per sq ft.Rates in areas like Hinjewadi are sky-rocketing.