Real Estate Firm Pune,Real Estate Consultants Pune,Real Estate Firm In Pune,Real Estate Consultants In Pune

Pune is a located in the western Indian state of Maharashtra and it is the 8th largest city in India with a population of 4.5 million. The IT/ITES sector has been expanding rapidly in Pune, driving demand for both commercial as well as residential real estate.

It takes about 3 hours to reach Pune from Mumbai by road with the construction of Mumbai-Pune Expressway and this is on of the reasons that people are looking to acquire property in Pune. The pleasant weather and peaceful social life attracts people towards residential property. Overall, real estate prices in Pune, India, have risen by 10-25% in a year and by as much as 50-70% in select areas.

Property Trends

With real estate prices increasing, the consumer price index in Pune has increased from 467 points to 504 points during July 2005-2006. This is the highest increase amongst seven cities including Delhi, Mumbai, Hyderabad, Bangalore, Ahmedabad, Chennai and Kolkata.

However, infrastructure development has started to gain pace with the frenetic residential and commercial development. There are hundreds of township project coming up in the city. Pune is a hub for higher education and a significant development is seen in the expansion of educational infrastructure.

The Pune Municipal Corporation is moving slowly on its Integrated Road Development Project but private investors and developers are trying hard to bank upon the opportunity. As a result, the property prices are touching sky.

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