The Emerging Residential Projects in Pune

The ninth most populous city in India and also the second largest in the state of Maharashtra, Pune is growing like anything. One must know that it is also the 101st largest city in the world, by population and is considered one of the fastest growing cities in the Asia-Pacific region. The ‘Mercer 2017 Quality of Living Rankings’ evaluated living conditions in more than 440 cities across the world and without a doubt Pune managed to rank at 145th position, second in India after Hyderabad which ranked 144th.

Well, as per the same ranking, it is found that the Pune city is featured amongst evolving business centers and nine emerging cities around the world and was referred as a city which “Hosts IT and automotive companies”. This goes without saying that Pune has truly emerged as a new startups hub.

Pune, the city that is filled with adventures and has a great quality of life to promise. As the city is pacing toward developing a lot of employment opportunities are mushrooming as well. A good infrastructure, employment opportunities & a flexible culture makes Pune an ideal place to work at. Since last two decades, Pune has expanded in all the directions. Without a doubt, a large amount of the extended area is occupied by the residential projects in Pune, as the need for housing has increased multifold, in the wake of a swelling population of the city.

Talking about the outskirts of the city, there are a number of new residential projects that are coming up in order to accommodate a large number of people who are shifting to Pune. The fact that Pune has become a growing hub of IT industry, places like Hinjewadi and Magapatta seem to be the hubs where most of the professionals are preferring to buy their homes. Even the neighboring areas like Baner, Wakad, Aundh, Ravet, Bawdhan, or on the East of Pune are widely preferred.

Also Read: Properties in Pune with Prime Locations

If we carefully look out a lot of top builders have focused on these prominent areas wherever you see you would be able to spot different development projects without a doubt. Right from apartments, complex to NA plots and row houses.  Considering a significant population of Engineering Industries in Pimpri-Chinchwad, Bhosari, Nigadi, Akurdi & Chakan areas, we also witness the emergence of new residential projects in Pune and outskirts.

On the other hand areas such as Viman Nagar, Nanded City, Kalyaninagar etc. are very well known for affluent localities as the new residential projects in these areas are launched with suave amenities. But, some other areas such as Narhe, Dhayari, Ambegaon etc. are known for budgeted homes.

If you analyze, there is something for everyone. Whether you are a bachelor working professional who has shifted to Pune for work, or you have a middle-class family who is looking for limited amenities or even if you are someone who is looking for prime locations that are luxurious – Pune has something for each one of you. Pune is preparing itself with a variety of properties suitable for a variety of needs, budgets, and preferences.

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