Commercial Market Diversification Ruler Pune Real Estate

The Pune real estate market is growing rapidly following the Indian real estate trend. Real estate activities are taking place at an extensive rate in the commercial sector of the city. Pune commercial real estate is developing at breakneck speed. Retail stores and shopping malls are proliferating everywhere to meet the rapid retail boom and rising purchasing power parity of the middle class. With multiplexes, malls and retail stores being the popular category, commercial property values ​​in Pune have skyrocketed. Pune developers are building more and more commercial properties to meet specific themes in mind.

For example, the latest trend in Pune is roadside shopping complexes with a large open area and a floor area to house various business enterprises. These real estate buildings are occupied by car showrooms and themed restaurants. Areas of the city’s CBD such as the Deccan, MG Road are undergoing a transition as old real estate buildings are sold to commercial landlords and to build high-rise commercial projects. The large floor plates make these projects flexible in nature to accommodate different business organizations.

Pune’s commercial real estate values ​​are rising and the current value in the Central Business District is about Rs 4000-6000 per square foot. Pune Real Estate Builders has started building residential complexes adjoining commercial buildings to provide an integrated solution to both residential and commercial clients.

Commercial real estate activities in the city cover areas like Bund Garden Road, Dhole Patil Road, Station Road and RTO and have given way to multiple emerging micro-markets like Kalyani Nagar, Senapati Bapat Road, Mundhwa, Aundh, Baner and Yerwada. . Even outlying locations such as Hinjewadi and Wakad in the west and Nagar Road, Hadapsar Road, Kharadi and Sholapur Road in the east offer real estate buildings for new offices and expansion plans making Pune a diverse growth market.