May 18, 2024

Illuzzi Letter

Envisioning And Creating Your Dream Home

Boom of Real Estate Industry in Pune, India

Its more than 5 years now since the Road Development Schemes were enacted in Pune and Mumbai Express way is connected between Mumbai and Kolhapur via Pune. This was the main reason behind the real estate boom in Pune city. Else there was no proper reason behind the alarming increase in rate of land in Pune.

From few hundreds to few thousands, the land area rate has been increasing daily and people are interested more in the Land Investment and Property Development Schemes rather than any financial trading schemes.

PBAP community is an association of Pune Builders and Developers who have been actively engaged in properties development in and around pune. From well trusted sources, it has been observed that the Real Estate development schemes are at an alarming rate. Areas which were treated a low income zones are now turned into hot destinations for small scale business men.

The number of Agents and Brokers in Pune has been increased by thousands to lakhs and millions. A well known real estate agent told us the relation between the number of builders and flats in Pune. He quoted “Every single flat or row house or residential property has one agent associated with it”. Which means, for more than 5 million flats and housing schemes, there are more than 5 million brokers and agents dealing actively in the city.

No wonder, Pune being the hottest destination for Students, IT companies, and small and medium scale business men, the real estate industry has shown a tremendous increase in terms of market investment.