India Property

Real Estate of India is witnessing a demand in commercial and institutional properties in all the major cities of India. India Property market for the rental segment is also recording an increase with residential and commercial growth. Residential rental markets in cities like Mumbai, Bangalore and Delhi-NCR is showing an upward graph. And the commercial rental market in stable in the Indian Property scenario.

The city of Pune witnessed a growth in the realty market as other sectors developed. There was a rise in demand in residential market in this city as migrated population in the city kept on rising, mostly because of work reasons. Even the commercial space rented by offices and retail units are doing a good business in Pune.  

In a recent property report in Pune, the retail realty market in Pune has recorded a stable retail segment. The mall space supply in Pune stood at 2.27 million square feet.  The city is expected to have about one million square feet by the second half of 2012 or early 2013. In the report, the overall India Property retail place was about 20%, which is marginally higher than last quarter.

For other cities of India, the high streets shops have recorded are high increase in rental value as against the malls there. The result reflected the retailer’s interest in high street properties in India. The property in Pune and Gurgaon saw a rise in rent in the high streets shops, about 7 to 8 %.

The rental Property in Pune for the malls were stable as there was sizeable vacancies. For the same, the high streets of MG Road and JM Road in Pune witness an increase in about 8% rentals. This was because of lack of space options. The report also mentioned that the overall vacancy rates of mall are likely to fall as the rentals will remain stable.

Pisoli- the next residential destination!

Villages now –a- days don’t come under the rural area category. The fast and the speedy development of many areas in India have resulted in redefining the global status of the country. These developments have majorly been witnessed in the form of infrastructural growth leading to a high rise in the real estate of India. Not only cities have been turned into metropolitans but, the small regions and villages are no more considered as villages. The infrastructure and the sky rocketed buildings situated in different parts of the country has given it the shape of a cosmopolitan. The growth in the number of flats , residential properties, offices, bungalows, services apartments, has resulted because of the increasing demand. 

A new area with high residential growth is coming up which is located on the Mumbai- Pune bypass. Pisoli, a small village is all set to fulfil the property demands of people hailing from Mumbai and Pune regions. People looking to invest in Mumbai properties, 2bhk flats in Pune can easily look for options in the Pisoli region. The location of the region is also easily accessible and is well connected to the main centres of Mumbai and Pune. Also, the properties here are affordable and would suit the pockets of a common man. 

Pisoli has grown up really fast in only a decade from just a farmland to a fully grown city. The area is sure to act as a great saviour for the people looking for Indian properties in the nearby areas of Mumbai and Pune. Also, its connectivity with both the cities is a positive factor which is adding on to its demand. Though, public infrastructure and water supply are the major problems faced by the people in Pisoli but, as per the sources the government is going to look into the same very soon.