Major trends in Pune’s residential real estate secure hope for sustaining growth: Xrbia Builders

New Delhi, May 25, 2018: Of late, a series of state-of-the-art developments has secured great scope for an upward trajectory in Pune’s realty sector. Xrbia Builders and experts believe that the renewed interest of real estate developers is a beacon of hope for the city’s realty segment.

“Sprawling across an extensive landscape, Pune — the second largest city in Maharashtra  boasts of a premium standard of living and a high quality of life. Factors like the increase in number of nationally and internationally accredited educational institutions, IT hubs, luxury hotspots, employment opportunities, physical and social infrastructure, affordable residential housing, the city’s proximity to Mumbai, and favourable climatic conditions, have contributed significantly in making Pune one of the most lucrative options for investment in real estate. As a result, more than 10 localities have been identified as favourable for price appreciation in Pune,” state the analysts at Xrbia Developers.

Various infrastructural developments like Xrbia Projects, regulations and policies have been instrumental in boosting Pune’s realty prospects. At present, Rajgurunagar, the headquarters of Khed Taluka, lying about 40 km to the north of Pune city, is a proposed site for New Pune International Airport. It enjoys good connectivity to the industrial hubs like Telegaon, Chakan and PCMC. The surrounding areas of Charoli and Dhanori facilitate an easy access to the existing airport as well as the upcoming international airport.

“As a massive infrastructural development, airports have a huge potential to promote real estate as well as the economic growth. Such developments are bound to flourish the business activities in not just the particular location but the adjoining areas as well,” says Rahul Nahar, Chairman and Founder of Xrbia Developers Ltd.

The construction of the new international airport is likely to elevate the demand for residential and commercial properties in Rajgurunagar and the adjacent areas. Along with this, the proposed metro connectivity of Bhosari to the new Airport will further enhance this infrastructural development.

Various surveys show that the slump in the country’s real estate sector did not have any major impact on Pune’s realty market. Xrbia Builders explain that the city has a steady Return on Investment (ROI), and offers great scope for capital value appreciation in the upcoming years. This is one of the major reasons as to why the leading financial journals and prominent industry experts deem Pune as a better option for realty investment as compared to other cities.

Keeping in mind the positive investment scenario in Pune, the city’s real estate uptake is expected to remain healthy in the upcoming years. It is certainly a good time to invest in the city’s realty sector.

Corporate Comm India(CCI Newswire)