Moneycontrol.com-Major developers make a beeline for Pune as demand for luxury homes rises
While Pune's residential real estate market is preferred by value-seeking homebuyers, as against the premium and luxury-dominated market in neighbouring Mumbai, real estate observers say that more and more developers are seeking sales in the luxury category, priced Rs 3 crore-4 crore and higher.
Real estate observers in the city added that an optimum mix of technology, financial services and manufacturing job profiles in the city has helped drive sales, with the profile widening from the earlier luxury homebuying base of high networth individuals and non-resident Indians.
Observers also added that unlike earlier, the new supply of luxury homes is coming in not just in the upmarket neighbourhoods of Koregaon Park, Kalyani Nagar, and Baner, but also in the relative outskirts, such as NIBM Road in Kondhwa, and some in the technology hub of Hinjawadi.
