Residential property in Pune and its quality of life were once the synonymous but that can no longer be taken as a given. Earlier it doesn’t matter much where one should chose to buy property in Pune all locations were more or less supportive of peaceful family life in their own right.
Considering an apartment in Pune for purchase one consider a number of variables – among them the levels of pollution and traffic congestion with the the availability of basic facilities which includes quality of the neighborhood.
For example Kothrud location in Pune is a charming area one of the first suburbs to be developed after the old city. It is considered as desirable core area due to its strong connection with the city centre via Karve Road.
However Kothrud is also mentioned in the Guinness Book of World Record as the suburb with the fastest urban growth in the world. Kothrud sarted developing in late 90s.
People from Mumbai looking to buy property in Pune preferred Kothrud naturally leading to an accelerated rate of residential development. Pune city was truly known as Pensioner’s Paradise with economic activity.
Kothrud being a full-fledged and most densely populated residential destination of Pune. Here in Kothrud the residential property are very scarce and the demand is enormous.
Many other areas in Pune developed on similar lines and the old Pensioner’s Paradise charm soon gave way to massive, relentless development. Which began the hunt for less cluttered and more lifestyle supportive residential locations.
Fortunately, Pune is not a sea-locked city like Mumbai having the scope for looking further ahead. In Pune one of the first area to emerge was Wakad one of the nondescript village with 5000 locals who farmed sugarcane, groundnut in its rich black fertile soil. Wakad is just one chapter that the Pimpri Chinchwad Municipal Corporation has in its book of Pune real estate successes. The PCMC have become the new residential real estate positive identification in Pune. The areas are developing fast and are even venues of extremely modern integrated residential property in Pune.
However, the development of Wakad marked the begining of a new residential real estate trend in Pune – The quest for better environments to settle down and recapture some of Pune’s erstwhile glory as Queen of the Deccan.
Now Pune people demand for residential properties which is slowly but surly changing to Township projects. Pune property buyers now says that nothing less than the liberty, freedom and comfort of a township property will do.
Main question arise who are these people? These people are mostly employees from Pune’s booming IT and manufacturing society. Highest demand is from home buyers employed in Hasapsar, Viman Nagar, Kalyani Nagar, Hinjewad and the PCMC MIDC belt. What is it about these Pune Townships projects that make them so different from other residential property available in the market? Many of these township projects are located in the Pimpri Chinchwad Municipal Corporation in locations such as Ravet, Moshi and Punavale an existing residents affirm that nothing within the city can match the bliss of living in these magically located projects. The home buyers are fed up with the congestion and are seeking homes in the new and established township projects that making Pune real estate by storm.