Demand for Luxury Housing Increases in Pune

Pune Property at Makaan.com

The Pune real estate is seeing a paradigm shift in house buying trend. The city was looked as a place were one could buy affordable properties. But the trend now seems to have changed as more and more people are preferring luxury properties in Pune over affordable Pune property. The city house numerous IT companies and it acts as a corporate and educational hub in the western region and so the demand for affordable to mid-segment properties in Pune has always been increasing. But lately working people have started showing interest in luxury properties in Pune.

So what has led to this change, this change in the real estate Pune can be attributed to rise in disposable income of an working couple. The purchasing power of people has gone up as the pay scales have risen over the years. Today people want to experience luxury they want to show off their wealth and to capitalize on this changing trend real estate developers have also started to launch luxury properties in Pune. 

Depreciation in Rupee has only fueled this trend as NRI too are keen on investing in luxury Pune property. This change in Pune real estate is being welcome by industry players as they feel a new market segment has come up in the realty industry. But if one is looking for quick profits in luxury India properties one will have to wait as people will have to hold a property for atleast five years till they can earn a decent return of investment. Also investing in luxury real estate in Pune also requires more funds. Since luxury India properties are not suitable for investment not many people are keen to invest in this sector and there is a sufficient supply of such properties in the real estate Pune market. Makaan.com, India's fastest growing property search portal offers a complete list of commercial as well as residential properties in India which are available for buying, renting and selling.