Submitted by: Humayun Quaiser

The real estate market in Pune, for the best from the point of view of developers and discontent of the buyer, is not slowing down. In the last few years, Pune real estate has witnessed huge demand and is not seen to be facing any kind of depreciation and the property rates are not going down at all. Not to mention, the rate of the Pune properties are increasing at an alarming rate. In fact, as per the Union Budget 2012-2013, the real estate market in Pune is brimming up for the considerable property rate increase due to the new service tax rates and excise duty. As per the new norms, every buyer is supposed to pay Rs 50-100 more per square feet on each Pune property purchase. All this ensure that Pune real estate is definitely gearing up to an abnormal extant.

Price hike is one thing, another factor that is creating a huge up thrust in real estate market is the talks about withdrawal of concession provided to the IT companies and firms, and now they have to pay commercial property tax rates amongst the political circles in Pune. Other than this, the residential sector in Pune Property is enjoying good times and is getting the good amount on their property. According to a recent report published, almost 80%of the residential apartments in the city are sold out between the second half of 2011 and 2011 year end.

The main reason behind this sale is the young and upwardly mobile and high earning professionals of the age group ranging 30-35, as they are opting for lavish and opulent lifestyle and go for the apartments in Pune. These professionals are comfortable of shelling out some extra money to get the best location and world class amenities. Even the real estate developers in the city are happily making huge profits by providing all the facilities that these individuals want.

In the recent years, the city has witnessed huge influx of professionals and students coming to the city, in search for better career and education facilities. This has too, increased the demand of real estate in the city. Flats in Baner, Kharadi, Hinjewadi, Wakad etc are become the most sought residential destinations in the city.

Therefore, Taking huge interests in the Pune Properties umpteen real estate developers are taking keen interest in the market. Not only the domestic developers, but also the developers of international repute are setting anchors in Pune. These developers have added a touch of class and style in the real estate market in Pune. Today, we can see umpteen lavish and opulent properties in Pune that are intact with exquisite designs and state of the art amenities. These properties have everything that you can ask for- contemporary infrastructure, best connectivity with major locations of the city and close proximity to various educational and professional institutes. Pune real estate is indeed a best option to bring life to your dream home.

About the Author: InvestInNest is a Specialized India Property Advisor to offer the service to Mostly NRIs, to invest money in India’s expanding real estate Sector for last 10 years. To know more viist

puneproperty.net

Source:

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