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Posted by on in Pune Real Estate
Pune Economic Performance

The Pune real estate sector has been a major beneficiary of the strong economic growth witnessed in pune since the year 2000.

The growth in the sector, supported by series of reforms, has not only resulted in significant residential and commercial real estate in pune, but also complemented the development of physical and social infrastructure.

Pune’s strong economic performance behind the success in real estate sector

The liberal economic policies, aimed at improving private participation, adopted by the Government has helped in capitalising the strong fundamentals of the economy which include young population, rising urbanisation and a growing middle-class population.

The investors are mostly looking out for high quality commercial properties in pune which are either complete or nearing completion as these assets can ensure immediate return.

The real estate sector which is deeply linked to the economic performance is expected to be a major beneficiary in the expected strong Indian economic growth. The major drivers supporting real estate sector include urbanisation, rising income level, young population and growing number of nuclear families, and strong expected growth in the manufacturing and service sector.

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Posted by on in Pune Real Estate
Real Estate in Pune Overivew

The real estate sector in Pune has come a long way by becoming one of the fastest growing markets in the world. It is not only successfully attracting domestic real estate developers, but foreign investors as well.

The growth of the industry is attributed mainly to a large population base, rising income level, and rapid urbanisation.

The sector comprises of four sub-sectors-housing, retail, hospitality, and commercial in bavdhan, pune. While housing contributes to five-six percent of the country’s gross domestic product (GDP), the remaining three sub-sectors are also growing at a rapid pace, meeting the increasing infrastructural needs.

The real estate sector has transformed from being unorganized to a dynamic and organised sector over the past decade. Government policies have been instrumental in providing support after recognizing the need for infrastructure development in order to ensure better standard of living for its citizens. In addition to this, adequate infrastructure forms a prerequisite for sustaining the long-term growth momentum of the economy.

The Pune real estate sector is one of the most globally recognized sectors. In the country, it is the second largest employer after agriculture and is slated to grow at 30 per cent over the next decade. It comprises four sub sectors - housing, retail, hospitality, and commercial. The growth of this sector is well complemented by the growth of the corporate environment and the demand for office space as well as urban and semi-urban accommodations. The construction industry ranks third among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy.

It is also expected that this sector will incur more non-resident Indian (NRI) investments in the near future, as a survey by an industry body has revealed a 35 per cent surge in the number of enquiries with property dealers.

Pune is expected to be the most favored property investment destination for NRIs. Private equity (PE) funding has picked up in the last one year due to attractive valuations. Furthermore, with the Government of India introducing newer policies helpful to real estate, this sector has garnered sufficient growth in recent times.

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