Due to the large presence of IT, ITES, automobiles, education and allied service sectors,Pune is becoming one of the fastest growing cities in India. Experts at Xrbia Builders stated that an increasing number of people are showing great interest in buying properties at Pune, especially the affordable residential ones.
With demonetization, RERA (Real Estate Regulation Act) and GST (Goods and Service Tax) in place, the real estate prices have come down considerably in last 1 year. This is the main reason why people have been attracted by the residential real estate in metropolitan cities, especially Pune. It is one of the few residential markets, which has performed well over the last few years. The prices are moderate for all the categories, including commercial real estate. But the residential real estate has been the main driver of investment.
Considering all the factors, it is a good time to buy residential property in Pune. However, the same cannot be said for the investors. It is not advisable for investors to jump into the market due to the decreasing prices.
The end-users or home buyers have a number of options to choose from, as the market is not volatile anymore. They can go through several locations, and bargain with developers to bring the price further down. The developers are already offering a discount of up to 12 per cent, which is an added advantage.
A lot of realty developers like Xrbia Builders have some up with independent projects at different places in Pune. Xrbia Projects at Hinjewadi, Talegaon, Jambhul, Chakan, etc., are turning into promising residential destinations of this metropolitan city.
These massive projects are offering residential and rental opportunities to the consumers. The ready-to-move-in apartments are preferred by the young generation. Developers are also coming up with latest projects that have modern and innovative techniques, which are attracting the growing middleclass section of India.
These projects are situatedat prime locations with close proximity to airports, health centers, highways, well-known schools, etc. Apart from this, Xrbia Projects at Pune is also offering features like landscape gardens, kids play area, gyms, tennis courts, shopping centers, 24×7 security, etc.
With growing exposure to foreign nations, the likes and dislikes are changing. Big players are quickly adapting to this change. With a growing demand for residential real estate in metropolitan cities, these developers are leaving no stone unturned to meet the requirement of their customers. By assessing customer behavior and doing a complete market research, realtors like Xrbia Builders are offering great deals with a number of versatile projects across Pune.