Pune has witnessed rapid growth in real estate, especially in locations that are in proximity to the IT-BPM corridors of Hinjewadi, Wagholi, Kharadi, Wakad and Baner. The city witnessed leasing of about 6.7 million sq. feet (622,500 sq. meters) in 2018, and similar leasing levels are predicted to continue through 2021, helped by healthy pre-commitments in IT-SEZs. We estimate about 14.3 million sq. feet (1.3 million sq. meters) of Grade A supply during 2019 to 2021.
These upcoming locations are expected to witness high price appreciation in the future, ensuring profitable returns on your investment.
Pharande Spaces is a leading real estate and construction company having a prominent presence in PCMC and Pune with over 100 acres of new and upcoming residential and commercial complexes.