Real Estate In Pune Is Seeing A Luxurious Apartment Boom

Real Estate in Pune is seeing a Luxurious Apartment Boom

by

Rajesh Chopade

It is not just the upwardly mobile Punekar that has spurred a demand for luxurious real estate in Pune. A growing number of NRIs and people from other Indian states are showing an increasing interest in purchasing real estate in the city of Pune. Working professionals and entrepreneurs with a high disposable income look at investing in property in Pune as a great way to earn assured income by means of rental.

Parameters of luxury projects

Broadly speaking, luxurious apartments are ones that cost upward of Rs70lacs and could up several crores. The Pune real estate market has been witnessing a steady increase in the number of such super luxurious projects that offer a number of premium conveniences and specifications. In short, choosing luxurious flats in Pune is an up gradation of one s lifestyle and not just a residential home. Of course, this trend has been fueled by the fact that real estate developers in Pune have also shown a keen interest in developing high-impact projects that adhere to global luxury standards.

Why do people prefer top-notch residences?

With the new affluent class steadily rising in India, there are a number of takers for luxury projects for sale in Pune. These projects are different on many counts. For instance, the design and architecture of premium luxury projects is in keeping with contemporary global standards. So, if you look at high-end projects in leading global cities, you can easily draw a parallel with the high-end projects in Pune. There are other innovations with regard to internal specifications and common amenities. You can see conveniences such as stack-able parking, high-end landscaped spaces, sky gardens, recreational clubs and designer fitness centers among others.

Return on investment

While most premium projects are for personal use, there are many others that purchase such high-end homes and then lease them either to individuals or corporate entities that might need luxurious apartments to accommodate their top-end management. Either way, luxurious flats in Pune provide a steady source of income in the long run. Even if it is for personal use, such property continues to appreciate heavily. There are several exclusive services and amenities that come with such top-of-the-line projects. All of these projects combine to attract the attention of prospective investors. Interestingly, the luxurious apartments segment has been traditionally unaffected by the cyclic economic processes.

Reasons for the growing demand for luxurious flats in Pune

As a rising number of millionaires are being created in India every year, the demand for top-notch projects is bound to increase. The Indian economy continues to grow at a steady pace, and this has naturally led to the creation of a number of high net worth individuals. While initially these luxury projects were mostly concentrated in locales such as Koregaon Park, things in real estate in Pune are vastly different today. Luxury projects are coming up even in the suburbs and fringe areas. Most of these are newly developed areas that provide impeccable infrastructure and amenities, and they have a very cosmopolitan atmosphere.

Thus, it is easy to see the changes that are taking place in real estate in Pune, and these naturally have a bearing on the demand for luxury apartments in Pune.

KUL formerly known as Kumar Builders are among the

best builders in Pune

. They have many flats in Pune which are located at prime locations. KUL is also offering

2/3/4 BHK flats for sale in Pune

with all modern amenities. To know more about luxurious flats in Pune visit KUL. KUL is the key player of Real Estate in Pune.

Article Source:

ArticleRich.com