Pune real estate market is one of the fastest growing urban cities both in transaction and units’ values. The idea of settling in a city that provides both – the urbanization of life with a hint of nature and serenity are working well with the demand market. It is well established that this theory is well supported and grasped by the buyers’ market and more importantly the sellers’ market, i.e., the developer end. The result of this is evident with a spiraling growth in numbers. Traditionally known for its cultural richness and education hub, the coming together of the city as a major IT hub has helped Pune to evolve into a bustling metropolitan region with a rich influx of professionals, entrepreneurs, and investors.

In 2023 alone, property registrations in Pune saw a year-on-year increase of 52%, with a significant portion of this growth.

Owing to the space abundance and the twirling greenery, the idea of independent houses is well accepted and wanted by the population. This coupled with the growth trajectory of professionals has instilled the need of “the residences reflecting their success” is largely seen.

Villas in Pune are seeing a great wave of growth. Locations like Koregaon Park, Kalyani Nagar, Bund Garden, Baner are largely filled with independent houses. Let us deep dive into the factors that contribute to the increasing demand of villas or independent houses in Pune –

·       The beauty of range – The advantage of Pune is the independent development is not necessarily an ultra-pocket heavy cost. For instance, the outskirts of Pune like Lohegaon, Wagholi, etc. are filled with land that is available at a more lucrative rates and developing a spacious G+1 or G+2 is same or in fact lesser expensive. These land parcels can be conveniently converted into villas for sale in Pune.  

·       The ownership need – The idea of owning an independent living or a villa in Pune triggers the sense of “sole ownership” coupled with the benefit of privacy and larger space. Additionally, villas or bungalows accommodate private green space like gardens or terrace which otherwise isn’t available exclusively.

·       Developing population – The economic growth of the city driven by its robust IT hubs, commercial spaces, and manufacturing hubs, has created a pool of affluent professionals who seek solace in owning a villa in Pune.

·       Match the international status – The influence of international standards that largely glorifies the independent living concept, be it a row house, a large villa, or a bungalow, is also one of the reasons people seek villas or independent houses.

Owing to these factors, a steady growth is demand for villas in Pune is seen and is assumed to stay for a longer period of time.