Pune is expanding rapidly. New projects from renowned developers are becoming a common sight. But why?
Pune is expanding rapidly. New projects from renowned developers are becoming a common sight. But why?
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, 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.
Ever wondered where you can find a home that blends the elegance of tradition with the convenience of modernity? We have an answer that’s a delightful surprise.
Gone are the days when homebuying was primarily comfort driven. Nowadays, homebuyers are seeking out luxury within their investments. This buying behaviour has got developers to jump in with stunning masterpieces offering luxury lifestyle with elegance and comfort.
Last year home prices went up by 4-15 percent because of higher input costs faced by developers. Though steel and cement prices have since cooled off, buyers would likely have to embrace another hike in home prices this year.
Rising mortgage and property rates notwithstanding, India's residential market is expected to maintain demand momentum this year with home sales and new launches likely to break a ten-year trend to cross the 200,000 units mark, according to CBRE's latest report.