Real Estate Developers

Friday, 29 August 2014

Developers Exploring New Areas for Residential Projects in Pune

Information Technology has played an important role in boosting and re-defining the market for residential projects in Pune. The IT sector has increased job opportunities with attractive pay packages, boosting the purchasing power of home buyers from this segment.

Pune has turned into one of the most quickly-growing IT-driven property locations in India. With the increase in demand, developers are coming up with stylish properties in unexplored areas of the city.


An emerging location in Northern part of Pune, Charoli is becoming popular with developers and property buyers. Growing number of employees from the IT and manufacturing industries are looking for flats in Charoli which is strategically located near the Lohegaon Airport of Pune. Developers are coming up with mid-income housing in this area which is also catching the spill over demand coming from Vishrantwadi, Kalyani Nagar, Yerwada and Viman Nagar. Charoli is just 9 kilometres away from the IT hub at Kalyani Nagar and 11 kilometres away from the Pune Railway Station.


This area is slowly turning into an important suburb for property investment. Initially it was popular as an ‘industrial area’ but today, it has become a prominent residential destination. Wagholi residents can enjoy proximity to the airport, thriving IT hubs in Kharadi and Magarpatta and various existing and upcoming commercial establishments Bund Garden, Kharadi and Hadapsar.


Ambegoan is attracting home buyers with religious inclination due to the Veeraliyam Temple, a famous Jain temple. Since this location is being developed as a religious destination, developers are coming up with properties that suit all budget segments. This area has close proximity with the Mumbai Bangalore Bypass and NBN Sinhagad Technical Insititute.

Undri, Wakad, Baner, Pimple Nilakh are also becoming popular destinations for buying a bungalow or luxury flats in Pune.

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