Pune v/s Bangalore - real estate
Pune has been a preferred real estate destination due to IT and ITES boom for the last year (2005). With land freely available, development in Pune is happening in a phased and planned manner. Most areas have a great potential for future expansion, and with the city attracting the attention of more and more IT companies the going will only get better.
The real estate scenario in Bangalore is shifting with IT companies preferring other destination like Chennai, Hyderabad and Pune, due to lack of supporting infrastructure in Bangalore. The down fall in companies setting up in Bangalore has also led to a drop in the housing sector and many large residential projects.
People follow the companies they work for and immigration of people from bangalore to pune is just starting to show up. It's far from true that Pune's real estate is comparable or come close with respect to the per square feet rate in Bangalore. Bangalore still wins, but for now.
This is just the beginning of the rise of real estate boom in pune. Thanks to IT and ITES sector's growth and their location preference.
The real estate scenario in Bangalore is shifting with IT companies preferring other destination like Chennai, Hyderabad and Pune, due to lack of supporting infrastructure in Bangalore. The down fall in companies setting up in Bangalore has also led to a drop in the housing sector and many large residential projects.
People follow the companies they work for and immigration of people from bangalore to pune is just starting to show up. It's far from true that Pune's real estate is comparable or come close with respect to the per square feet rate in Bangalore. Bangalore still wins, but for now.
This is just the beginning of the rise of real estate boom in pune. Thanks to IT and ITES sector's growth and their location preference.
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ReplyDeleteIf you are comparing Pune vs Bangalore real estate then it is important to give my view on this topic because I am real estate broker in Pune. Investing in Pune real estate market is more beneficial than Bangalore.
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ReplyDeleteRightly said, both the cities are seeing development due to IT revolution. the real estate sector at pune is little bit slower as compared Bangalore but it is expected to boom in recent years.
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