The residential market demand is increasing in India because of the availability of good educational facilities. The heavy student population is definitely going to increase the demand for residential spaces as educational institutions lend value to a location.
Real Estate in Pune is known to be booming in recent times as the city houses the knowledge hub and provides quality educational institutions. Many other educational institutions are planning to make entry or expand their branches in Pune.
The city has also attracted many people to reside here for its historical importance as well. Many families want to stay in Pune because of the availability and accessibility of various colleges and schools. Some reputed builders in Pune are in search of plots from where transportation is easy to educational institutes.
Recently, the city has observed a rise in the educational institutes which also has helped to increase the demand in the 2 and 3 bhk house in Pune. Compared to the other parts of the city, the property price is little higher in the area which are located near educational institutions.
After Bangalore and Hyderabad, Pune has been identified as an IT hub. But the premium amount paid by the home buyers in Pune is very less in compared to other metro cities. People who stay in Pune hardly want to shift to any other cities. With the growing trend, real estate builders are expecting to see a demand where families are planning to purchase an apartment for long term investment, this will also help the home buyers in creating an asset for them.