Pune has seen an enormous and holistic growth in the past decade. Being the first child of Mumbai, it has proven its worth in terms of both growth and development making it as the 7^th largest metropolitan economy in the country. One significant industry that rose to an all-time high is real estate!

With a GDP of USD 69 billion, it contributes 0.81% to nation’s economy. Catalyzed by rampant economic growth and job creation, there is an influx of population looking forward to settling down in Pune during their prime working age. With major companies like TATA motors, Mercedez Benz, Infosys, Cummins, and most recently Google, there is a dual-sided rise – buyers/tenants spiking the demand side and developers/builders strengthening the supply side. The synergy is so well matched that growth is showered throughout the city and not limited to a single micro market.

Focusing on the supply end, the type of development here is varied. Irrespective of the micro location, the type of projects coming up, their nature, and size is mixed across locations.

There are mega projects in localities like Hinjewadi, Baner, Kothrud in west, Kharadi, Wadgaonsheri, Hadapsar in east, Viman Nagar, Kalyani Nagar in central, and NIBM – Undri in the south. There are also independent developments like villas, bungalows, and low-density societies that are developed in similar locations catering to same target audience. As a city that is abundant in terms of land space, the developers here design their projects with respect to locations. Thus, a villa is not limited to luxury catering only.

Both type of establishments – apartments or villas in Pune have their own pros and cons; the final decision completely relies on personal taste.

Apartments cater to the need of a fast-moving, low maintenance lifestyle wherein the maintenance is on an auto-pilot mode while Villas require customized attention in order of operations.

1.       Space – While villas accommodate an opulent and spacious lifestyle, apartments curtail in terms of space. In apartments your resident is one of the many identical flats and there is no uniqueness, villas allot a lot more space.

2.       Privacy – Villas reflects a sense of privacy since there is no one above or below you. You have a separate entry/exit, and your internal facilities are not subject to invasion. Apartments on the other hand accommodate less privacy – you’ve immediate neighbors in at least 3 or more directions.

3.       Customization – Villas, being your private space, can be customized in terms of façade and internal structure, however, in apartments the same is pre-decided and implemented.

4.       Outdoor spaces – Most of the villas in Pune are given a private outdoor space, i.e., a garden or a terrace that isn’t shared by your neighbors even if you’re a part of the same society. Apartments have spaces commonly shared amongst all the residents.

5.       Safety – Being in an apartment, you’re privy to the common security arrangement that includes wired cameras, security services, high boundary walls etc. Villas are easily invadable since the accessibility is easy and open.

6.       Maintenance – services like cleaning, housekeeping, garbage collection, other upkeeping activities are much better organized in an apartment. The cost is bifurcated amongst all residents equally. However, in case of villas, the maintenance, even of the common space becomes ones’ responsibility. The burden in terms of finance and physical labor increases due to the openness and space.

7.       Affordability – being a part of a mass product definitely works as a cost advantage as against owning a space all by oneself.

8.       Location and convenience – even though villa offer a tray full of benefits, management of an apartment is better since it is usually handled by the builder or outsourced to external agencies.

However, lately, the developers in Pune understood the need of more space and amalgamated both the concepts. There are multiple projects in Pune that offer independent living in a society form. The concept of duplex and simplex accommodates smaller configurations like 2 & 3BHKs into a villa-like arrangement for buyers to have a sense of private ownership.

The pricing is also kept at mid-segment to differentiate itself from luxury villas in Pune that is located in Bund Garden, Boat Club Road, Koregaon Park, and Baner.

Pune is becoming a market for all – very strategically catering to customized and individualized needs! The choice remains subjective – Villas or Apartments in Pune!