Pune is one of the Promosing Real Estate Destination

By: George Gonigal

Kharadi, Wagholi and Hadapsar-the industrial belt of Pune--has now attracted the attention of real estate developers. The major reason for development in this area is the proximity to the airport and railway station.

The area enjoys proximity to the airport and railway station and is also close to the plush upmarket residential areas of Kalyani Nagar and Koregaon Park. These are the regions, which offer availability of land; the most critical factor contributing to the real estate costs. Industrial houses such as Renault and Tata are setting up plants in this area.

Kharadi already has an IT Park and the BPO industry is centered around the locality of Kalyani Nagar.

According to experts, a large number of employees working in the companies around wish to stay in the vicinity, and this is why, demand for residential properties is likely to remain upbeat in the aforesaid locations.

As far connectivity is concerned, the region is linked to the entire city by a ring road.

The southern areas like Kondhwa, NIBM Road, Sinhagad Road are seeing an increase in value of residential projects, too. Projects with themes such as natural-living with an in-house herbal park, mineral water processing park and other aspects of an ayurveda friendly herbal lifestyle are taking shape. It is yet another expression of peoples' tendency to opt for health and luxury over basic-living.

Furthermore, Pimpri-Chinchwad is the suburb of Pune that is a relatively in the advanced stages of real estate development. However, the nature of development is changing now. While earlier people were satisfied with basic-level homes, it is now seeing demand for up market homes, equipped with all the amenities that projects in central Pune boast of.

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