The real estate market in Pune has been shimmering for the past two decades or so. This dynamic change has propelled Pune to be one of India's fastest-growing cities. The demand for flats in Pune has surged as Pune attracts a diverse population of professionals, students, and families. With this dynamic change, home-buying and real estate trends have evolved as well. Whether you're a first-time homebuyer or an investor, understanding these trends can help you make an informed decision. In this blog, we will explore the latest trends in choosing flats in Pune and what homebuyers should know. In addition, we will also introduce you to Pune’s fastest growing real estate brand - Kohinoor Group Pune.
The trends you must know before buying flats in Pune -
1. Growing Preference for Integrated Townships
In the past two decades or so, integrated townships have become increasingly popular among homebuyers in Pune. These townships owe this popularity to an array of factors such as a self-sustained environment with residential units, commercial spaces, schools, hospitals, and recreational facilities. Flats in Pune that are in integrated townships provide a holistic living experience and reduce the need for long commutes as residents have everything they need at their doorstep.
2. Growing Demand for Smart Homes
Today, technology has become an integral part of our lifestyle. Pune homebuyers are now leaning towards flats in Pune that are smart and equipped with the latest technology. Features like automated lighting, temperature control, security systems, and voice-controlled devices are highly sought after.
3. Sustainability is the New Black
Consumers are now becoming increasingly aware about environmental conservation, and demand sustainable features in flats in Pune. Flats in Pune with green living spaces, rainwater harvesting systems, solar panels, and energy-efficient appliances are mostly preferred by homebuyers.
4. Proximity to IT Hubs and Business Districts
Pune is known for its booming IT and business sectors. Locations such as Hinjewadi, Kharadi, and Magarpatta are home to major IT parks and corporate offices. Homebuyers are increasingly looking for flats in proximity to these hubs as it reduces commute times and offers the perfect work-life balance.
5. Co-Living Spaces Are in Demand
Co-living spaces have emerged as a popular trend, especially among millennials and young professionals. These spaces offer fully-furnished apartments with shared amenities like kitchens, lounges, and workspaces. The concept of co-living promotes community living and provides an affordable alternative to traditional renting.
6. A Property in Pune with Adequate Security and Safety Features
Security is a top priority for buyers looking for flats in Pune. Gated communities with 24/7 security, CCTV surveillance, and access control systems are in high demand. Projects that offer these features provide a sense of safety and peace of mind to residents.
7. Modern Amenities and Lifestyle Features
People don’t just look for flats in Pune, they look for a suitable lifestyle. Flats in Pune with amenities such as swimming pools, gyms, clubhouses, parks, and children's play areas are the most preferred ones.
8. Flexible Payment Plans and Financing Options
The availability of flexible payment plans and easy financing options has made it easier for homebuyers to invest in flats in Pune. Developers are offering schemes like no pre-EMI till possession, subvention plans, and attractive home loan rates. These financial incentives reduce the burden on buyers and make homeownership more accessible.
9. Preference for Renowned Developers
Reputation developers play a crucial role in the decision-making process for homebuyers. Branded developers with a track record of delivering quality projects on time are preferred. Buyers are willing to pay a premium for the assurance of quality construction, timely delivery, and reliable after-sales service. Developers like Kohinoor Group Pune and Mahalaxmi Group are two of the most trusted real estate developers in Pune.
10. Shift Towards Suburbs
While central Pune continues to be desirable, there is a noticeable shift towards peripheral areas like Kharadi, Hinjewadi, Wakad and Punawale. These locations not only offer more affordable housing options, but also provide better connectivity, and improved infrastructure. The development of new roads, bridges, and public transport facilities has made these suburbs attractive to homebuyers.
If you are looking for flats in Pune, you must take a look at the residential developments of Kohinoor Group Pune. The group has a rich legacy of 40 years, and takes immense pride in its landmark residential developments in Pune’s prime locations.
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