Pune

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About Pune

  • Pune is situated to the west of Maharashtra and is the eighth largest metropolis in the country. Considered as the second largest city of Maharashtra, Pune is tagged as one of the fastest developing real estate market of India.
  • Pune has been called by a number of sobriquets, popular among them include pensioner’s paradise, Queen of the Deccan, and Oxford of the East. One of the historical cities of the nation, Pune is endowed with a shining past, a ground breaking present and an auspicious future.
  • One of the fastest growing cities of west India, Pune is blessed with traditional old economy industries that continue to play a pivotal role towards growth and development. Government and private sector, Research Institutes, Manufacturing, Information technology and Automobile are the pillars of Pune’s economy. Rapid growth of its industrial sector has made property in Pune one of the prime hot spots of recent times.
  • In the last few years, Pune has witnessed defence, engineering and other crucial sectors making it their headquarters, transforming it into a major industrial centre. Considered as the greenest urban areas of the nation, Pune has more than 40% of its area covered by greenery which is slowly reducing due to high demand for property in Pune and boom in Pune Real estate.

Pune Real Estate market

  • Considered as an end-user market, the real estate prices in Pune are generally high and increasing. Increased input cost of the developers, together with rise in investor’s demand from the peripheral locations is what drives the property in Pune and the overall Pune real estate sector.
  • Though the maximum demand for property in Pune was encountered in the Rs 30-Rs 40 lakh category, the supply of apartments, flats for sale was not up to the mark. The Rs 40-60 lakh category witnessed the maximum inventory supply. In comparison to the last year, carpet and built-up area in the city have elevated by 25-30%. This is further expected to increase with property in Pune vying for more luxury segment.
  • Demand for residential apartments in West Pune is emerging from the IT hub, which is located in the Rajiv Gandhi InfoTech Park, Hinjewadi. Demand in East Pune is mainly being driven by CBDs in Viman Nagar, Cyber City, Kharadi and Magarpatta.

Demographics:

  • Going by the 2011 census, the urban population of Pune around 51 lakh. The estimated population includes towns such as Pimpri, Dehu, Khadki and Chinchwad. Consistent growth in the education and software sector has fuelled the influx of labours and workers from across the nation.
  • As per PMC reports, the rising trend in migration to Pune from 1991 to 2001 was mainly to economic reasons. Migration to the city between 1991-2001 was estimated at 3.6 lakh that was calculated as 15% of Pune’s total population at the end of the decade. This will increase demand for Real estate in Pune.
  • In regard to the rapid growth of the IT sector, migration between 2001-2011 remained constant at 12%, however it is expected to decline by 10% between 2011-2021 and by 8% between 2021-2026. This migration has also driven the demand for properties for rent and properties for sale in Pune.

Information Technology

  • After Bangalore, Pune has emerged as the potential destination to home the growing number of IT companies in the country. Hinjewadi in the west has emerged as a perfect destination for the upcoming IT/ITes companies in India, since it offers vast vacant land that is ideal for buil-to-suit offices.
  • At present, the IT/ITes sector in Pune account for 75% of the total office space occupied. The pace at which the IT/ITes sector is flourishing in the city has triggered the construction activity in the office space market in the last decade, significantly.
  • Currently, Pune is home to a number of IT/ITes giants, namely TCS, Infosys, Tech Mahindra, Wipro and Cognizant. The Rajiv Gandhi Infotech Park at Hinjewadi, Blueridge SEZ, Dlf Akruti IT SEZ and Embassy Techzone have changed the face of Pune into a major IT hub.

Connectivity

  • Indian highways and state highways constitute connectivity in Pune. National Highway 4 connects Pune to Bangalore, Mumbai and Kolhapur, while NH 9 joins the city to Hyderabad and NH-50 to Nashik. The State Highway connects the city to Aurnagabad, Ahmednagar and Alandi.
  • India’s first six-lane high-speed expressway, the Mumabi-Pune Expressway, has changed the overall connectivity of the city. Built in 2002, the Expressway has reduced the travel time between Mumbai and Pune by 2 hours.
  • Situated at Lohegaon, the Pune International Airport, regulated by AAOI offers domestic flights to major cities.
  • Local trains in Pune connects it to Lonavala and Pimpri-Chinchwad, while the daily express trains links the city to Hyderabad, Kochi, Chennai, Kanpur, Jammu, Patna, Mumbai, Delhi, Coimbatore, Bangalore, Howrah etc.
  • Pune Metro Rail is in talks with the DMRCL for a more sustained connectivity. The proposed metro is expected to a blend of underground and elevated sections and the initial routes are outlined between Vanaz-Ramwadi and Pimpri-Swargate.
  • PMPML buses offer excellent transport service within the city and its suburbs. In addition to it, the Maharashtra State Road Transport Corporation also provides buses from main stations in Pune Station, Shivajinagar and Swargate to all the prime locations in Maharashtra.
Mall in Pune
Apartment building in Pune
Grocery store in Pune
Housing society in Pune
College in Pune
General hospital in Pune
Business park in Pune

Top Commercial Places in Pune

Tulsi Baug Market, Chhatrapati Sambhaji Nagar Market, Juna Bazaar or Old Market, Laxmi Road Market, Phule Market (Mahatma Phule Mandai), The Hong Kong Market Lane, Phoenix Market City, Viman Nagar, Inorbit Mall, Viman Nagar, SGS Kakde Mall, Amanora Town Centre, Hadapsar, Jewel Square, Koregaon Park.

Market Yard, Pune

Market Yard is a marketplace in the city of Pune. It is known for wholesale of the vegetables, fruits & flowers

 

How to Reach

By Air – Pune Airport, located in the city of Lohegaon is 10 kms away from the main city. It is easily accessible by buses, cars or cabs.

By Train – Pune Railway Station is one of the major and most important railway junction in the country. It is connected to all major Indian cities.

By Road –Major cities including Ahmednagar (115 km), Bijapur (275 km), Aurangabad (215 km), and Mumbai (120 km) are accessible by public or private transport.

Best Time To Visit

July – September, that is the monsoons, are the best time to visit Pune. This season offers some of the most breathtaking sights you can behold.

Events and Culture

Famous Delicacies

These dishes are Pune’s specialty – Amti, Budhani Wafers, Bakarwadi, Cold Pressed Peanut Oil and Peanut Chutney, Sabudana Khichdi, Shrewsberry Biscuits, Bhel, and Pastries.

Festivals

Ganesh Chaturthi’s celebrations define the vibrant culture of its metropolitan hub. Other important festivals for Punekars are Diwali, Janmashtmi, Navratri, Gudi Padwa, Makar Sakranti, Vasant Panchmi, Christmas, Eid.

Talukas in Pune district

 Localities in Pune

Lohegaon

Tathawade

Pimple-Nilakh

Rahatani

Talegaon-Dabhade

Pimple-Saudagar

Chinchwad

Alandi

Kamshet

 

Shivajinagar

Deccan-Gymkhana

Pisoli

Bavdhan

Kondhwa

Kasba-Peth

Katraj

Sinhagad-Road

Dehu-Road

Koregaon-Park

Viman-Nagar

Baramati

Jejuri

University-Road

Punawale

Sus

Talegaon-Dhamdhere

Nibm

Pimpri

Pashan

Yewalewadi

Kothrud

Kalyani-Nagar

Undri

Kharadi

Wagholi

Wakad

Dhayari

 

 

 

 

Vadgaon-Budruk

Moshi

Kiwale

Balewadi

Baner

Hadapsar

Hinjewadi

Aundh

Warje