The Evolution of Pune’s Real Estate Market Over the Last 10 Years
By Vijay Raundal The real estate market in Pune has evolved in a number of significant aspects over the last decade. In the past, property purchasing in the city used to be dominated by speculation and potential quick gains. The market is much more mature, practical and stable today. It was not a one day transformation. It is due to improved infrastructure, tougher regulations, the smarter shopper and the increased realization that real estate is not a quick fix to get quick cash but a long-term investment. Pune Real Estate Shifted from Speculation to Real Homebuyers A decade ago, the major type of property purchase in Pune was that, which was taken by investors, who would sell when the price rose. Prices increased in most regions before the availability of proper roads, transport and even facilities. The majority of the demand today is by the end users people who are actually intending to live in the homes they purchase. Customers are paying attention to everyday comfortability,...