The setback faced by the real estate sector during the pandemic-induced lockdown is diminishing with numerous infrastructural developments being under process. Even big real estate bases like Mumbai, Panvel, and Pune in Maharashtra were on a downfall. However, as the construction of various infra projects regained pace, there has been a revival of property value in those markets. Infrastructure plays a major role in determining property value. The prices of commercial and residential properties change as per the infrastructural development of that region. It further augments economic development by stimulating trade and commerce. It is evident that, whenever any major infrastructural project is announced by the government, there is a sudden hike in property prices. The efficient infrastructural base in any market drives the growth of its real estate sector.
After the second wave of COVID, the revival of realty led to a robust hike in property demand and prices. People are getting aware of the advantages of owning a rightful home. Developers are modifying their practices at par with changing buyer preferences. Realtors and developers are adopting enticing techniques for customers. They are offering digital services and virtual tours for customers, besides attractive deals. Pune has experienced about 42 per cent of sales hikes in the year 2021. It has emerged as a lucrative investment hub in terms of residential properties. Projects such as airports, metros, industrial and commercial hubs, an extension of transit connectivity etc. attract customers and boost residential demand. Emerging micro-markets in Pune are gaining popularity among customers. People are more interested in becoming a part of the booming realty that is sustainably created; contradictory to the congested life of fully flushed modern cities. Micro markets like Kalyani Nagar, Viman Nagar in Pune, and Panvel in Navi Mumbai are trending in the real estate sector and are most preferred by home buyers. Kalyani Nagar comprises residential options with generous spaces and affordability, making the location suitable for customers looking for an affordable investment option. A city with good and efficient infrastructure assures livability and growth to prospective customers.
Kalyani Nagar is located in the heart of Pune city. It is an upscale area with posh residential societies. It has now become the coveted region in Pune for housing and recreational purposes. Kalyani Nagar is strategically located in the central part of the city; which is 7 kilometres away from Pune railway station and 4 kilometres away from Pune airport. Bus Depots are also within proximity. Major IT hubs and offices of eminent business stalwarts are present within the vicinity of Kalyani Nagar. It is well connected to other strategic cities such as Koregaon Park, Viman Nagar, Yerwada, etc. Several infrastructural projects are expanding their horizons throughout this market. The development of Pune Metro and Lohegaon Airport will act as a stimulus to the residential growth of Pune.
The development of the Pune Metro has led to a massive increase in housing sales in Pune. The first metro was flagged off by PM Narendra Modi on 6th March 2022. This 12 Km long metro stretch caters to the commuting needs of various cities including Kalyani Nagar. One of the metro routes passes through Kalyani Nagar, making commuting reliable for its residents. The Vanaz-Ramwadi route has proved advantageous for growth in this market. The demand for houses in Kalyani Nagar has experienced a paradigm shift since the announcement of the metro project. The ongoing service is a major attraction for new buyers to acquire a residence in this flourishing micro-market. Commuting through the metro will reduce the hours and traffic woes of residents. Moreover, the expansion of the existing Pune airport has fueled up the property value. The improvisation of the existing airport assures convenience in travelling to and fro from Pune to other cities and states. It will also enable international commuting, making it fruitful for the residents of Kalyani Nagar.
With the surging infrastructural developments, Kalyani Nagar is gaining a major uphold among customers’ preferences in purchasing houses. Belmac Residences is located in the centre of Kalyani Nagar, having proximity to both the airport and metro. Thus, it makes a suitable option for aspiring and ambitious home-buyers.
