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ON ASCENDING CHART

Jun 25 2016 : The Times of India (Pune) ON ASCENDING CHART Kanchan Gogate   Steady confidence of homebuyers vouchsafes Pune as a sought-after realty destination. Inclusion in the Smart City list is sure to propel city's growth further Braving tough economic times, Pune has shown a remarkable poise as a realty destination. Isn't it surprising that at a time when the property markets across the country are either stagnant or marginally correcting prices, Pune real estate is showing a healthy appreciation quarter on quarter? As a matter of fact, as per the National Housing Bank (NHB) Residex, Pune has been witness to highest appreciation on a pan-India basis.It clearly shows that in Pune there is no stress in the residential market.The analysts maintain that keeping in view the nature of the business anything less than five quarter of inventory (15 months) is a comfortable situation. And hence, there is scope for new launches of the reside

PM Modi launches ‘Smart City Mission’ 14 projects in Pune

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PM Modi launches ‘Smart City Mission’ projects in Pune

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By:  Express Web Desk  | New Delhi |  Updated: June 25, 2016 7:01 pm Prime Minister Narendra Modi today launched the Smart Cities Mission project in Pune. Marking the first anniversary of the announcement of the government’s flagship programme, Prime Minister  Narendra Modi  on Saturday launched the ‘Smart City Mission’ projects from Pune’s 5,000-capacity Shiv Chatrapati Sports Complex. Apart from the Pune’s projects, as many as 69 such works will be launched on the same day in the other ‘smart cities’ entailing a total investment of about Rs 1,770 crore. These projects are related to solid waste management under Swachh Bharat Mission, water supply projects, sewage treatment plants and development of open and green spaces under Atal Mission for Rejuvenation and Urban Transformation (AMRUT). It would also include housing projects for urban poor under Pradhan Mantri Awas Yojana and area development and technology based pan-city solutions under Smart Cities Mission, the release s

AREA FOCUS - HAPPENINGS HUBS

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May 07 2016 : The Times of India (Pune) Sneha Sharon Mammen (Magicbricks Bureau)   East Pune's realty has grown, thanks to the IT hubs and the numerous employees working there Housing demand is a product of job opportunities cou pled with well-to-do social infrastructure. The growth of East Pune's realty is undoubtedly because of the IT hubs and the numerous employees that they have. Popular areas in the East include Hadapsar, Kharadi, Viman Nagar and Kalyani Nagar.Here's a sneak peek. HADAPSAR This area exemplifies the walk-towork culture with the Magarpatta IT hub no farther than five kms. Topping it all is the social fabric that has emerged in recent years. Ravi Das, city-based realtor at Welworth Properties, says, “Be it affordability as compared to established areas like Fatimanagar, Camp or Magarpatta or for reasons kike good water supply and connectivity via NH9, Hadapsar gains in homebuyers' preference.“ Apart from those w

PUNE'S PULSE - Preparing THE GROUND

May 07 2016 : The Times of India (Pune) Sneha Sharon Mammen (Magicbricks Bureau)   Sound infrastructure provides a firm foundation for the realty sector to grow and Pune is moving towards it Jobs and infrastructure can easily be the two factors that pull people into a city. Every year, new migrant workforce enters the city premises, therefore, developed and growing infrastructure comes as good news to all.The state budget proposed this year looks into many developmental spheres from up-gradation of new roads and connectivity to accelerating the 'Smart Village' scheme. It Village' scheme. It also laid out provisions for entrepreneurship and employment. A total outlay of Rs 180 crore was allotted for Nagpur and Pune metro projects.Ladies special 'Tejaswini' buses, too, are in the pipeline. All this and more, if executed and implemented in time, would help homebuyers across the city.Despite all this, the new international airport mis

Pune Real Estate Market Insights 2016

Pune Real Estate Market Insights 2016 Pune has dependably been considered as a standout amongst the most dynamic urban areas of Maharashtra. Numerous IT/ITES organizations, instructive foundations, BPO commercial enterprises have built up their workplaces in Pune. It is broadly known for its first class instructive offices that draws in understudies from over the nations like Eastern Europe, Southeast Asia, Iran and Middle East. Understudies and experts are currently moving to Pune for their profession, thus the city is seeing swelling in populace. To oblige the new inhabitants of Pune, it has got to be important for the land designers in Pune to present new private ventures. As indicated by the business sector reports, business property in Pune gets around 20-25% degrees of profitability. This makes Pune a most loved and a favored destination of financial specialists. The land speculators are additionally getting pulled in towards Pune private properties as the Investment in pri

PUNE smart Indian cities to invest in

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Pune Proximity to Mumbai and a thriving education, engineering, automobile and IT scene have accelerated real estate activity in this once sleepy city. The Mumbai-Pune Expressway has made Pune a much sought-after location for out-of-town investors, while year-round good weather makes it a preferred destination for homebuyers. "In the last five years, the Pune real estate market has gone from an average performing one to one of the best performing," says Shantanu Mazumder, Director-Pune, Knight Frank India. Pune offers properties catering to end users as well as investors at various price points. Prices start at Rs 15 to Rs 30 lakh in the affordable segment. The premium segment starts at Rs 1.3 crore and luxury projects can cost up to Rs 2.5 crore. Vishrantwadi, Dhanori, Kharadi and Whagoli in east Pune and Wakad, Hinjewadi, Ravet and Tathawade in the west are the upcoming areas to scout in. GROWTH DRIVERS - Metro Rail:  Pune Metro Rail Corridor I, connecti