Hi Rohit, 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.
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.
Pune’s real estate market over the past few years has been witnessing a steady slowdown. According to JLL report, Pune has been a safe property investment destination with just a marginal drop in capital value appreciation.