Being the IT Hub, Pune attracts buyers and developers for residential and commercial properties as well. From Residential Apartments to Commercial Lands, Individual Homes, Villas, Retail space (shops) and Office Space in Pune, all the markets are driven by the industries and educational institutions. The residential Property in Pune is owing to the fact that the city always keeps up its communications with the developments going on in the city. In addition to the economical value of the city properties, governed by above mentioned factors, the pleasant weather, city administration and a cosmopolitan feel of the city also make it popular amongst the buyers. On the retail front, too, there have been signs of consolidation, as organised retail is seeing a major shift from standalone locations to large malls which ensure better footfall. JLL said no new retail mall space was completed in October and rents and capital values remained stable over the month.
Pune Property division in fast growing its profile to become one of the most active real estate markets in the country. Pune property market has seen significant activity in the last one decade. Real estate developers, along with the civic authorities, have launched new construction and infrastructure projects in the city. The city property segment is very active and is adopting new trends for the benefit of property professionals and home seekers; the requirement for residential and commercial Property in Pune has been increasing.
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