The Strengthening Factors for Pune Residential Property

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The rainy days that our Indian economy is seeing has affected its cities quiet too much, and Pune is not too far in experiencing the down-slide. Yet, it is due to its excellent power to bounce back that it has digested down the crunch too well. The healthy employment rate and its strengthen of economy that it is still seeing good number of investments as well as demand for residential properties. The prices in the city have seen an exponential growth, still there is no major blue funks in its demand market that could pull its leg too down.

According to Jones Lang Lasalle Pune, the market for Pune residential property is currently inclined towards budget and mid-bracket houses. A number of affordable projects are at work in localities like Ambegaon, Kondhwa, Dhanori, Manjri, and Hadapsar. Many of these areas have bolstered their economies with the strong presence of IT sector. As a result, in spite of the regression, the demand from all income groups, including the luxury ones, has continued to remain steady.

Residential property in Pune has several other factors too that have attributed to its sturdy pace. The city's connectivity via new roads, expressways and flyovers has made the city dwellers viable to commute to Mumbai and other cities in short span of time. Mumbai-Pune Expressway has accelerated to the hitherto slow pace of this city. Then, there is another rewarding factor that has kept the real estate market in robust state: in light of the increasing prices, long-term investors have shown their eagerness in rolling out their money.

Pune is the hot-spot of businesses of several types and sizes, which have rendered its realty sector both viability and strength to face the present financial crisis. There are several small to mid segment companies that are present in its precincts and aided to the interest of buyers in purchasing a india real estate property here.