The IT industry has re-defined Pune's realty market like never before. It has given rise to a new segment of home buyers who have evolved tastes and high purchasing power. Due to the rise in demand for luxury flats and bungalows, real estate developers are coming up with new residential projects in Pune.
Market for lavish properties constitutes 2-3% of the total residential market in Pune. Priced at 4 Crore and above, there are various ultra-luxury projects currently under construction in the city. The trend of shifting from bungalows to luxury flats and penthouses has become popular. Real estate developers are coming up with exciting new projects, offering spacious, plush homes laced with world-class amenities.
Growth of luxury properties in the city has been steady despite the slowdown in the Indian real estate market. Pune along with Bangalore and Hyderabad has witnessed an upward trend in luxury housing sector.
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