Under Construction property in Pune

With more and more e-commerce companies and other corporate giants investing in Bengaluru, the demand for rental apartments in the city have witnessed a new high.

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.

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.

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.

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.