Baner- A potential zone for housing and property buying

Pune has been, not surprisingly, the city with huge demands for residential spaces due to some of the most prominent IT Hubs, international educational institutions, high class infrastructure and various medical institutions. These have contributed to a great extent towards the life that we live in Pune at present. The fast moving days and the magical city nights are all part and parcel of life in a metro. However, for the builders and developers, exploring a location for housing and real estate projects construction is not easy. Builders have to monitor the price trends in that location, the investment required for the project, the local neighborhood of the site and many more such things.

Considering the Baner location of the city, the region emerged at a time when the residential prices in the central Pune were on a new high and the potential buyers and investors were hunting right properties for investment and the end use.  Post the IT developments in the city, new dimensions of real estate emerged in Hinjewadi area and later it spread to the Aundh region. However, the Aundh region could answer to the emerging demand for homes in that region only to a certain extent. Baner arose as a propitious location that could take control of the demand for housing for the established IT parks in Hinjewadi and also the overflowing demand for homes across Pune central.

Since then Baner has witnessed historical appreciation of 20-25% in property prices in the past few years. However, similar to other cities, Pune too faced the making of record of unsold properties including the new launches in the last year. With the reduced new projects in Pune to around 30% between Oct 20014 to Mar 2015, Pune’s real estate market seems to be passive at present. However, the availability of affordable properties, good negotiable range in pricing, IT hubs are all attracting buyers which have managed to keep the real estate market intact despite the slowdowns in the recent times.

Buying a property in Pune in locations like Baner can still get the buyers good residential properties in the coming time as many new launches are expected to hit the real estate market soon. One of the builders and developers is Naiknavare Developers Pvt. Ltd. Stay tune for more updates about the same.