Baner: A Pune residential locality with sound infrastructure

Article detailing the residential market of Baner, Pune

In a nutshell

Baner enjoys the presence of multi-storey apartments and sound road connectivity. Well-connected by road, this residential area of Pune is in close proximity to several IT hubs

Pune has evolved to be one of the most preferred cities, both from a consumer and an institutional perspective. Growing industrialisation and expansion of IT/ITeS activity has contributed to the overall economic landscape of the city, attracting millennials and residents across India for employment opportunities. Sound infrastructure with proximity to Mumbai and favourable weather conditions also contribute to the selection of the city on the liveability index. Access to reputed educational institutions and healthcare facilities have further improved the social matrix of the city.

With increase in economic activity and employment opportunities, Pune has attracted good traction in terms of real estate development, both commercial and residential. The socio-economic environment of the city makes it ideal as an end-user market with various project offerings to match price expectations of any consumer. With guidelines and regulations in place through the MahaRERA, the real estate market has further got organised in terms of timely delivery, high-quality of construction by reputed builders.

Residential real estate in few localities such as Baner, Aundh, Pashan, Wakad, Hinjewadi, Viman nagar have witnessed high demand owing to good connectivity to employment hubs. Baner has gained immense popularity among the buyer community and has emerged as a hot spot in terms of real estate development. This article further details the factors contributing to the overall demand for this locality.




Source Name: Economic Times

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