Pune’s real estate market is booming, and the future looks bright. Discover the latest trends and predictions for the Pune real estate market in this article.

Pune is a bustling city in the Indian state of Maharashtra, and it has a thriving real estate market. The city’s growth and development have attracted a large number of people who are looking for affordable and comfortable living spaces.

Best Areas for Real Estate Investment in Pune

Some of the popular areas for real estate investment in Pune include:

  1. Hinjewadi: Hinjewadi is an IT hub and has seen a lot of development in recent years. This area is a popular choice for people working in the IT industry.
  2. Wakad: Wakad is another popular area in Pune for real estate investment. It is located close to Hinjewadi and offers easy access to the Mumbai-Pune Expressway.
  3. Baner: Baner is an upmarket area in Pune and is home to several IT companies. It is also known for its excellent infrastructure and is a popular choice for people looking for luxury homes.
  4. Kharadi: Kharadi is located on the eastern side of Pune and has seen significant growth in recent years. This area is home to several IT companies and is a popular choice for people working in the IT industry.
  5. Hadapsar: Hadapsar is located on the southern side of Pune and is known for its good connectivity to other parts of the city. It is also home to several IT companies.

According to real estate AstroStrategist Hirav Shah, Pune’s real estate market is poised for sustained growth in the near future. This is due to the city’s robust economic development and the rising need for affordable housing options. As a result, investors and homebuyers alike can expect to see continued expansion and opportunity in Pune’s real estate sector.

Pune Real Estate Market: Trends and Analysis

1. Increased demand for affordable housing

With the growing population and influx of people into Pune, there will be a higher demand for affordable housing options. Developers will need to focus on creating budget-friendly housing options to cater to this demand.

2. Rise of co-living spaces

Co-living spaces are becoming increasingly popular among millennials and young professionals. These spaces offer a sense of community and shared living spaces, making them an attractive option for those who are new to the city or looking for a more social living arrangement.

3. Emphasis on sustainability

Sustainability is becoming a key factor in real estate development. Developers will need to focus on creating eco-friendly buildings and incorporating sustainable practices into their projects to meet the growing demand for environmentally conscious living.

4. Growth of the commercial real estate sector

Pune is becoming a hub for IT and other industries, leading to a rise in demand for commercial real estate. Developers will need to focus on creating modern, efficient office spaces to cater to this demand.

5. Increased use of technology

Technology is playing an increasingly important role in real estate development. From virtual tours to smart home automation, developers will need to incorporate technology into their projects to stay competitive in the market.

6. Expansion of the city limits

As the city grows, the limits of Pune will expand, leading to the development of new areas and neighborhoods. Developers will need to focus on creating infrastructure and amenities in these new areas to attract buyers and renters.

7. Focus on luxury living

With the rise of high net worth individuals in Pune, there will be a growing demand for luxury living options. Developers will need to focus on creating high-end, luxurious properties to cater to this demand.

Real estate AstroStrategist Hirav Shah recommends investing in the Pune real estate market for those looking to purchase a home. The market is expected to see a significant increase in sales, surpassing the average of the past five years. For those who have been hesitant to make a move, now is the time to take advantage of this opportunity. Shah suggests that Pune is a great option for those looking to invest in the Indian real estate market for housing space.

Pune Real Estate

The Pune real estate market saw signs of recovery, especially in the housing segment, last year onward…

Significant improvements were seen in the housing market due to many new launches and a rise in housing sales, during July and September, post the second wave of this ongoing pandemic. On the residential front in 2023, this impetus is expected to see robust development for sure.

Real estate astrologer Hirav Shah predicts a bright future for Pune’s real estate market. With a strong economy and growing population, demand for housing is on the rise, particularly in areas close to IT hubs and commercial centers. However, macroeconomic factors such as interest rates, inflation, and economic growth can impact the market. To stay ahead of the curve, developers are incorporating sustainable and eco-friendly practices to attract environmentally-conscious buyers. As Pune’s real estate market continues to evolve, it will be interesting to see how these factors shape its future.

Top Areas To Invest In Pune Housing Space

1.Kalyani Nagar Real Estate

Kalyani Nagar is located on the eastern corridors of Pune and is an upcoming real estate investment destination, especially in the housing space. Today, in 2023, it is termed as one of the most upmarket residential property destinations in Pune.

One of the reasons for its rise in demand lately, is its smooth connectivity to nearby areas like Viman Nagar and Koregaon Park and the availability of amenities in proximity. It’s demand will be increased even furthermore with the passing of Pune metro through Kalyani Nagar…

The average price: Rs 9000 per sqft, so what more you need now !! Don’t you think this is an apt time for you to invest in housing here ?

2. Pimpri-Chinchwad Real Estate

Pimpri-Chinchwad has developed into a premier real estate investment destination, but there was a time when it was considered a rural area and the idea of owning property there, was considered absolutely baseless.

The X factor for Pimpri-Chinchwad is that it boasts of a community oriented real estate development, resulting in a productive and gratifying life experience. Yes, Pimpri has options for all strata of society and it includes properties of varied types.

With a wide range of employment opportunities and a seamless connectivity to all parts of Pune and on top of that, with just an average price of Rs 6000 per sqft, why shouldn’t you invest in Pimpri-Chinchwad Now!!

3.Hinjewadi Real Estate

For investments in the housing space, Hinjewadi is considered as one of the most sought-after growing suburbs. it is certainly one of the hottest real-estate investment destinations in the housing space.

It boasts of an awesome location which is on the west side of Pune and the best part is Hinjewadi is one of the major IT hubs of India.

Hinjewadi has flourished in terms of physical and social infrastructure and has enormous growth opportunities and moreover the property rate is around Rs 5,000 per sq. ft.

So, if you are zeroing in on destinations to invest in Pune in housing space, don’t miss out on Hinjewadi, not by any chance… Suggests Shah.

Final Thoughts

On the list of smart cities published by the Indian Government, Pune does feature and is the perfect place, the perfect destination- For new home buyers or investors to think of, while buying property next.

The biggest risk is not taking any risk…in a world that’s constantly changing really quickly, the only strategy that is guaranteed to fail is not taking risks.

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And, this is not even a “risk” as it’s certain that an investment in the housing space in Pune will pay the Best Interest. Opportunities come infrequently. Make use of this opportunity“- Concludes Hirav Shah, World Renowned Real Estate Strategist, Advisor, Astrologer and Consultant.

Writer is offering incomparable services in this segment, like estimated income forecasting for realtors, unsold property selling time.

Note : Images are used for illustration purpose only