Pune is expanding rapidly. New projects from renowned developers are becoming a common sight. But why?
Ghaziabad is a thriving residential and commercial real estate hub, with nearly 27,000 thriving businesses forming its economy. Moreover, the Ghaziabad Development Authority (GDA), tasked with the development of Ghaziabad, has identified 11 million square meters of vacant land for development, of which commercial real estate is an integral part.
To begin with, let us first understand what a peri-urban area means. An area lying on the periphery of urban and rural areas. An area where farms meet cityscapes. However, it is not simply a physical space; it is a complex transition zone. Villages transform into urbanized areas, residents commute to the city, and agricultural fields brush shoulders with housing developments.
Residential real estate in India is growing exponentially. In FY23, it recorded a 48% YOY surge, with home sales hitting an all-time high of $42 billion. By 2029, this market is projected to be $687.27 billion.
Pune, also known as the "Oxford of The East", given the presence of major educational hubs in the city, has massively evolved. What was once a learning center is now a buzzing city filled with IT and a thriving property market. Nestled in the Sahyadri Hills, Pune mixes history, pleasant weather, and vibrant culture. This blend draws in both house hunters and investors. But let's take a closer look at Pune's real estate before we leap in.
Posing as a major challenge to most developing nations has always been “Housing Delivery” and the government to facilitate housing development has repeatedly intervened through policies to promote housing, particularly in urban areas. This blog will study the case of Noida - A rapidly emerging urban hub nestled in the suburbs of Delhi, The National Capital Region/Capital of India. Its initial development led to the creation of an industrial town as per the Uttar Pradesh Industrial Development Act 1976 to ease the urban pressure on Delhi.
Pune, the IT hub of India, is a booming mega city where real estate investments are not just rising but thriving. Leveraging its fertile investment climate has turned out to be a long-term goldmine for a large pool that invested in residential apartments in Pune.