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.
Posts
