Pune Developers Cash in on Trendy Homes

By: George Gonigal

India's premier IT-city, Pune, is bracing up its infrastructure to keep up with the pace of the rapid development happening in the city. Civic authorities along with private developers are building various parts of the city.

Some of the prominent real estate developers operating in Pune are Gera Developers, GK Developers, Mutha Group, Sanjay Developers, Pride Purple group, AV Bhat & Co, Amit enterprises, Samarthshree Promoters & Developers, Bhujbal Brothers Construction Co, Achlare Associates, Aditya Builders among others. However, an interesting trend has come into the picture. Most of the new developments are happening on the city limits, thus uplifting the profile of the peripheral areas of the city.

The main areas of growth are Pune-Satara Road, Baner Raod, Kothrud, Bahavani Peth, Talegaon among other regions. One reason for choosing peripheral areas is that spacious land banks are available at reasonable prices. Also the transport corridors, like the Baner Road and the Pune-Satara Road, are more active than before. The private builders see it as a good investment opportunity.

The Mutha Group, one of the most active property builders, has its projects all over the place. It has six projects in Salisbury Park, three projects in Bhavani Peth and Viman Nagar each, two projects in Kothrud, and projects in Dhanukar Colony, Narayan Peth and Gultekadi.

Another prominent real estate builder, Gera Developers, has three projects, namely Greensville SkyVillas, Emerald City and Regent Park in Kothrud. Regents Park is being touted to be the first child friendly city in India where all the child-friendly amenities will be developed. The city would have schools, museums, hobby centers, and amusement parks with in city itself.

New developers are binging in new trends in the market. Facilities like eco homes, child friendly homes, wi-fi homes are catching the users' fancy. All these developments make Pune property market very active and a trend setter for the rest of the country's real estate segment.

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