Properties for Sale by Labh Construction Pune

According to data realeased by the US Geological Survey’s Earth Resources Observation and Science, the temperature recorded in developing localities is up to five degrees more than the rest of the city.

As the cost of constructing a high-rise is steeper than in other projects, developers see sense in embellishing such towers with higher specifications and targeting buyers who value exclusivity.

Depending upon the location, rents could be as high as Rs 12 lakh per month. Affordable markets like Kharadi are also luring investors, eying rental markets for handsome rental returns.

The Pune Municipal Corporation has recently announced new development control regulations for the city. Under the new regulation, higher floor space index in non-congested areas will be permitted. The move is likely to prove beneficial for smaller developments. The regions which would be impacted by the PMC’s new rules include Deccan, Bund Garden (CBD), Aundh, Wakad, Hinjewadi, Pimpri-Chinchwad (north-west Pune), Yerwada, Kalyani Nagar, Viman Nagar and Kharadi (north-east Pune), all of which are spanned by the proposed Pune Metro.

After Prime Minister Narendra Modi announced demonetisation of higher denomination notes on November 8, municipal corporations across major cities in India have witnessed a dip in property tax collection. Pune has been no different, and has registered a drop of 31 per cent.