By Mr. Kishor Pate, Amit Enterprises Housing
Pune is drawing a lot of interest from luxury home seekers, both from
within the city and from Mumbai &
beyond. The reasons are not hard to find:
* Price points for Pune luxury homes are lower than for comparable
options in over-heated cities like Mumbai
* Luxury homes in Pune are more spacious and have superior
individual specifications as well as common-use luxury amenities
* Pune’s pleasant climate provides the ideal setting for
luxury homes – unlike in Mumbai, there is no need for wasteful year-round air
conditioning
* The investment value of luxury homes is very high, as
there is constant demand for them
* The Pune luxury homes market is not restricted to ugly,
polluted, over-developed and overcrowded ‘prime’ locations
* The last factor is probably the ultimate selling point for luxury homes
in Pune. Since it is a relatively compact city, commuting from various parts of
the city is easier. * As in Mumbai, the demand for luxury residential
units in Pune is highest in areas that provide ready access to the central
business district and employment nodes.
However, unlike Mumbai, these focal points are quickly accessible from
various points of the city.
This factor has played an important role in boosting the demand for
luxury housing even in non-central areas. While traditional luxury home
locations such as Sahakarnagar, Boat Club Road & Kalyaninagar continue to
see a lot of demand, areas such as Baner, Aundh and Ambegaon are also very
successful hotspots for luxury projects.
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| Mr. Kishor Pate, Amit Enterprises Housing |
These locations provide scenic natural splendour as well as excellent
connectivity to the city’s economic nerve centres. This aspect has proved to be
a major draw for Pune’s Generation Z luxury home seekers. Again, there are
valid reasons for this:
* The unique advantages of these locations allow them to provide a lavish
lifestyle to the elders in their families in serene, convivial surroundings
without compromising on their need to be connected to their workplaces.
* Their children grow up in neighbourhoods that have been specifically
tailored to a certain economic profile.
In Pune, luxury homes projects do not co-exist with unsafe, high-density
tenement developments and are invariably close to major international schools
and top-of-the-line hospitals.
Thanks to these factors, the premium housing segment in Pune has
continued to thrive even as the market for luxury homes in Mumbai declined
steadily. In short – both from an ownership as well as investment perspective,
luxury housing in Pune will thrive and grow in the future.
About the author..
Mr. Kishor Pate is CMD at Amit Enterprises Housing Ltd.
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Mr.. Jay Kalghatgi, Client Interface - CopyConnect
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