Pune - the next big promising city in Indian real estate

Pune, the 'Tech city', is located in the western Indian state of Maharashtra. The city has a reputation for its several esteemed colleges and educational institutions. These days, investors and builders are heading towards this alluring city as it has much to offer in the real estate sector. The number of investments in Pune properties and the emerging new real estate developments has given a strong boost to city's economy and infrastructure development. The various attractive features have indeed put Pune real estate market on global business map. It offers a plethora of opportunities in the various industries like retail, IT, BPO, and hotel.

Pune education sector have proved to be the biggest pacemaker for boosting real estate market. This sector is also making rapid strides and has attributed to the foray of students coming in from all across the world. The city produces around 1, 50,000 graduates each year, encouraging the young generation to come forward and contribute to the economy's progress. Thereby, adding to the manpower and fuelling the mentioned real estate growth rate which is contributing a lot to the Pune real estate market and assisting it to come up as a global education destination.

Retail market space is the most preferred sector in the market. The city shares a big chunk of the $350 billion Indian retail market which is expected to grow at a rate of 13% per annum. Pune properties are marking the growth along with prospects, excellent connectivity and educational facilities. Whether it is the industries or education sector, both are nurturing and shaping up in a decent manner.

Pune is expected to observe a sharp escalation of around 500% in the service and industrial sectors. The actual potential lies in Pune residential property, shopping malls, education, and the hotel industry as these segments are rapidly flourishing. The city's infrastructure is developing at a remarkable rate and constructive changes have taken place in the last 5 years.

The city is planning for some very interesting upcoming real estate projects. There is a project 'Business Bay' which will be an exclusive residential-cum-commercial project. It will accommodate high end retail outlets, corporate offices, and the residential units. The upcoming new projects and developments are going to make Pune the next big destination in the real estate market. To find out more about this tech city and about its best locations to invest and much more, visit India's No.1 property site magicbricks.com.