Luxury Housing on a rise in Pune

Q: Luxury Housing is becoming the latest trend in Pune!!!!

Pravakar Saxena, Pune

3rd February 2014

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Replies (3)

this days luxury homes having all the basic amenities have been in trend. people don't mind putting some extra money in such projects because of which there are more number of such projects coming up.

Sunil, Aurangabad

3rd February 2014

Comment

Hi Sid,

Did u hear that average rate for premium luxury flats starts from Rs. 4400 per sqft. Moreover localities like Bakori, Vishranthwadi and Karwe Road are experiencing the highest price appreciation . Also places like Wagholi and Chakan are witnessing a rapid real estate growth in present times.

Piyush Khoche, Pune

3rd February 2014

Comment

Yeah Piyush,
Since there is high demand for luxury property in Pune from self use buyers, that is the reason being developers continue to see sense in launching premium housing projects in Pune. Moreover the depreciation of the rupee in recent past is also one of the factors. The fall in value of rupee against the dollar have attracted many NRI's to invest in property in Pune in recent times.

Nitesh Patil, Pune

3rd February 2014

Hmmm, Looks like luxury homes are the added attractions of the season. Hey did u hear that in spite of economic slowdown, it is interesting to note that there has been a gradual shift towards catering to high end segment. Emergence of many IT, ITES firms and fat salary package are transforming the middle class home buyers to opt for luxurious lifestyle.

Krishnendu, Pune

3rd February 2014

Comment

Yeah Krish,
I do agree with you. Due to the presence of many software firms and more high paying jobs this has led to steady demand for high end homes in Pune. Heard that the people are looking for a change from 2 BHK towards 3 BHK and 4 BHK. As a result, many flats and apartments are gradually mushrooming in nook and corner of the city.

Siddharth Rana, Pune

3rd February 2014