Pune

The major areas that are seeing real estate appreciation in Pune include Wakad, Pimple-Nilakh and Pimpri-Chinchwad. The new rates for the prime properties have been recently announced for the above mentioned areas. There are plans to develop a 400,000 sq.ft. mall catering to residents of the Pimpri Chinchwad area as well as IT professionals in Hinjewadi.

The prices of the residential properties are rising but still they are lower than already developed cities. One important feature of the Pune real estate is that the flats and apartments are newly constructed giving a fresh living experience to the people. A flat in Baner that would have cost Rs.1,700 ($35) per sq.ft. a year ago is now going for Rs. 2,500 ($55) per sq.ft. Here are some of the central areas along with their property rates.

Apartment on Rent in Pune

• Aundh, Maharashtra-Pune, 650 Sq. feet,1 Bedroom- Rs. 4,000
• DSK Vishwa, Area:715 Sq. feet, 2 Bedroom- Rs. 3,000
• Wanowarie, Area:550 Sq. feet, 1 Bedroom- Rs. 3,000 to 5,000
• Singhad Road, Area:900 Sq. feet, 2 Bedroom- Rs. 6,000
• Kothrud, Area:700 Sq. feet, 2 Bedroom- Rs. 6,000
• Akrudi, Area:1100 Sq. feet, 2 Bedroom- Rs. 7,000

Pune is a major industrial center and a home to numerous small and medium-sized enterprises. It is surveyed world's second largest forging company is in Pune. In and around Pune district, there are few Ordanance Factories in full swing. Banking industry, hospitality and automobile industries have found a perfect base in this city.

Some of the major manufacturing units of some major companies located in Pune are- Bajaj Auto, Tata Motors, DaimlerChrysler, Force Motors Ltd, Bharat Forge Ltd, Cummins Engines Co Ltd, Alfa Laval, Sandvik Asia, Thyssen Krupp, KSB Pumps, Finolex Greaves, India Forbes, Marshall, Whirlpool, LG, Frito Lay and Coca Cola .

Pune is the right spot to establish business centers and commercial infrastructure keeping the current development and future growth in consideration. Pune is going to have some of the finest it parks, commercial complexes and shopping malls

Commercial real estate in Pune includes offices, retail properties, IT parks, commercial complexes, software technology parks, shopping malls, shops, built to suit made usable in trade or business. Indian Real Estate News report mentions how IT major Infosys recently announced the opening of the first of two new buildings at Hinjewadi. The 5-storey building will cover 1.5 million sq.ft. and seat 2,000 people. Infosys also has aquired 55 hectares in Pune, only half of that has been developed till now.

Baner in the west of Pune is seeing a flow of IT professionals drawn by its proximity to Hinjewadi IT Park. This is escalating the real estate prices. The Kharadi area in the east of Pune is growing rapidly with IT companies and real estate developers attracted by its proximity to Koregaon Park and Kalyani Nagar. Some of the big BPOs and software companies doing business in Pune are- Xansa, TCS, Infosys, Wipro, Satyam, KPIT, MphasiS, Cummins, Kanbay, Convergys, WNS, Progeon and EXL.

• Commercial office, Kothrud, Area:1250 Sq. feet
• Commercial office, Viman Nagar, Area:5200 Sq. feet Rs. 1,24,80,000 (Rs. 2400 /Sq. feet)
• Commercial land, Karve Nagar, Area:43560 Sq. feet
• Commercial office, Shanivar Wada, Area:7500 Sq. feet
• Commercial land Koregaon, Area:1700 Sq. feet