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How The Spill-over Effect Is Stretching Pune’s Real Estate Boundaries

Metro cities in India have been experiencing a humongous growth in terms of infrastructure, population, and demand and supply of residential properties. But what happens when the city reaches its limit of inhibiting citizens within its boundaries? People start to search for affordable options on the outskirts of the city, which can be referred to as a spill-over.

Pune is one such metro city that has been seeing a spill-over effect for the past few years. While trying to meet the demand for residential projects within the city limits, builders kept developing residential properties in Pune eventually leading to high prices and residential and commercial saturation.

When this happened, the city was deemed to have a spill-over effect, the high demand for homes in Kothrud spilled over to Paud Road, and from Kharadi and Koregaon Park the trend moved further to Mundhwa. It’s not surprising that the real estate canvas of Pune has expanded beyond Baner, Hinjewadi, and Pimpri Chinchwad to new residential projects in Talegaon Dabhade. With an increasing demand for residential properties near Pune, more and more builders are developing properties in Talegaon Dabhade.

Affordable Homes Near “Parent” Location

Affordable-Housing

There has been a continuous trend of rising real estate prices in areas experiencing residential demand. As prime areas like Baner became densely developed and expensive for homebuyers working in the Hinjewadi IT Park, the housing demand extended to Wakad, Punawale, and now Talegaon Dabhade.

When this happens, new home buyers enjoy the benefits of affordable homes due to the lower prices in a new location at the start. And now with real estate tycoons like Kohinoor builders developing integrated township model homebuyers get the same experience of luxury and comfort on the outskirts as they would within the neighborhood boundaries.

Kohinoor has launched an affordable luxury residential project Kohinoor Abhimaan Homes with Phase 3 developing in full swing. With the trust and quality that Kohinoor instills their newly launched project is offering 1 BHK and 2 BHK Flat in Talegaon Dabhade.

Pune’s Advantages with the Spill-over Effect

Unlike other metro cities, Pune is surrounded by villages and farmlands which has provided sufficient space to extend the spill-over on the outskirts of the city. The road connectivity and infrastructure projects in surrounding areas have become an added advantage in catching the spill-over housing demand from saturated locations to an extend that Pune has become the largest city in Maharashtra, beating the commercial capital – Mumbai.

Moreover, the ongoing Pune Metro network as well as the upcoming Ring Road project will set the super smooth connectivity bringing all parts of the PMC and PCMC closer together. With such smooth connectivity, people living in the new suburban areas can easily commute from workplaces in Pune’s central parts. This will help the homebuyers to find their dream home at affordable prices in modern localities near Pune with an easy daily commute to their workplaces.

Integrated Township: A Boon for Pune’s Real Estate Spill-over

Popularly known as mini-cities or cities within cities, the integrated township model has quietly expanded the land space advantage over small projects for real estate development. Moreover, integrated townships offer benefits to the homebuyers such as well-planned inner roads, shopping outlets for daily needs, schools, and hospitals within the same premises.

Related Post: 5 Reasons That Make Talegaon an Emerging Real Estate Destination

Wrapping Up

kohinoor_abhimaan_homes_homes-phase3 

Choosing a township property or even high-rise buildings with modern amenities like Kohinoor Abhimaan Homes eliminates all the doubts and discomfort people often face after shifting to a new neighborhood. And with growing townships and residential projects with modern amenities, Pune’s surrounding areas are becoming the prime locations for demand and supply for residential projects putting the city on the map of better futuristic real estate investment. If you are looking to invest in residential projects, its the right time to invest in 1 BHK and 2 BHK flats in Shirgaon Pune Near Talegaon Dabhade.

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