Why Pune is Mumbaikar 2nd Home destination

Pune considered as Mumbaikar 2nd home option- Also witnessing an reality shift.

If you add up Nightlife,traffic,population,slum,beaches,bollywood,business and mumb spirit what do we get is not a rocket science.

Mumbai meri Jaan Top view of the beauty

 Mumbai is and will be Mumbai. 

When it it comes to real estate and home buying option for Mumbaikar- Pune always poops up in the mind of every Mumbaikar.

Buying the first property is an extremely important event in any person's life. The second purchase is expected to be given more thought and less emotion. That is why Mumbaikars are always more particular about a second home purchase, and rightfully so. 

Analysis - The real Insight:

“People of Mumbai have a lot of money. For them, the prices at which the flats are sold in Pune are very cheap. Talegaon is also a hot market for them. Mumbaikars buy flats in Pune because they are cheaper as compared to that in Mumbai whereas for the local residents of Pune, the house rates seem elevated.” 
As far as the lifestyle amenities, educational and entertainment facilities are concerned, he says “That is good. The facilities that are provided here are provisional for people from all walks of life. The latest trends, new technology, multiplexes are of the same quality found in any other metropolitan city of our country. With the developing IT industries, the demand for houses definitely stays"

Pune Growth:

Pune has come a long way. It has now become an IT, educational as well as an auto hub. Consequently, a place where there was just a single hotel to stay in now accommodates innumerable hotels. Today, there is Meridian, Hyatt, and many more. All have come here. It is the result of the industrial and educational development that even the hotel and tourism industry have started to prosper in this bright city.

Deduction :

Bangalore and Pune are often associated as the best retirement destinations. Being a self-secured and traditional city, Pune is on the top of the list for people who desire to go to a place and retire, price being immaterial. It is the 'Oxford of the East' which needs to be developed and preserved

Pune Infrastructure future growth prospects - Driven by positive growth

DEMAND = GROWTH IN PUNE INFRASTRUCTURE 

Do you see A singapore in pune or this roads leads nowere:

Pune Infrastructure A road to future or a deadblock

The first question that anyone asks before buying a house is will it appreciate in value over a period of time?

 The second question asked, is will I be able to lease it out easily and get good rentals for it? 

The third and most important question, the answer to which actually decides the fate of question 1 and 2, is will the property market continue to remain as stable as it is at present?  

In real estate every thing is decided on future. you can only make a decision when you a lot of promising facts and verify every details.

In recent years, Pune has become a hotter destination for IT companies. More and more IT companies are coming to Pune, to expand their businesses. There has been a substantial increase in IT office space construction, in the last decade or so. For every 1 million sq. ft. of IT office space coming up, there is roughly a requirement of 5 to 7 million sq. ft. of residential space to house the employees to work in these IT buildings. So IT has been powering the growth of Pune city at a very rapid pace.   

An IT company Infrastructure

This has also influenced real estate development and demand to a large extent. Residential projects are increasingly being tailored to suit these sectors not only in terms of design, but also the location. People are coming back to India from the US. They are exposed to what is happening abroad and expect something comparable here too. The combination of the steady growth of these areas and the cosmopolitan people opting for it has played a key role in the evolution of Pune's realty market. 

MG Road and the areas adjacent to it make the Central Business District (CBD) of Pune. The CBD consists of the entire stretch of the MG Road right from the Hotel Aurora Towers to the Sadar Bazaar. MG Road historically has been the city's premium office and retail destination totally supplied with good infrastructure as well as commercial amenities such as banks, retail shops, restaurants, post offices and accessibility to transport in this area.

The off prime CBD micro market comprises of the Bund Garden Road, Boat Club Road, Koregaon Park Area, JM Road, FC Road, Nagar Road and Swargate. 

The secondary market covers areas such as the Peth's (seven in number), the bazaar aka Mandai, and newly developed self-sufficient townships such as Kothrud, Pashan, Bibwewadi, Baner, Aundh, Khadki Viman Nagar and Kondhwa. 

The suburban and peripheral areas such as Kondhwa, Ahmednagar Road (Wagholi), Kothrud, Wanowrie, Talegaon, Alandi, Katraj, Jejuri, Kurkumbh and Wadgaon Sheri are the potential peripheral growth pockets, which have been earmarked for future industrial development. 

The Wagholi-Ahmednagar Road is the core of the sugar trade which has also grown as a transport and warehousing hub. Large industrial houses acquired land in this area. So there are a lot of sectors driving employment generation and in turn, making the demand for housing in Pune that much higher. 

So the infrastructural is bound to change as per development which is more due to peer pressure or may be out of embarrassment   Imagine builder selling a flat of 300-400sq flat with personal swimming pool and elevator no no approaching  road and pmc water connection

Time has come when authorities and people start thing with a positive mind frame and common goal.