Rising demand for luxury homes in Pune

In the past, luxury homes stood for bigger backyards, parking, connectivity to public transport, and antique decor.

But considering the changing interpretation of the world around us, luxury homes have evolved too.

Today, luxury home seekers expect the latest tech, 24x7 security, a state-of-the-art clubhouse, multiple sports offerings, customisable spaces, and a location closer to nature.

Pune, along with Gurgaon, Hyderabad, Kolkata, and Bangalore, is witnessing surging interests in the luxury housing market

But why Pune?

Pune has been growing as a cosmopolitan city since the mid-2000s thanks to the inflow of IT, engineering, and automotive companies

Multiple educational institutions flocked to the city giving it the title of “The Oxford of the East”.

With the rising growth of companies, more white-collar employment opportunities accelerated.

Thanks to Pune’s rich culture and sprouting opportunities, it was ranked as the second-best city to live in India according to the Ease of Living Index 2020.

Thus, the growth of luxury housing market in Pune was inevitable.

Pune, as we know now, is touted as a premium luxury housing destination and attracts interest from both domestic and international buyers. Luxury homes no longer about just comfort and convenience; they define social standards.

The infrastructure is suitable for unrestricted growth.

The environment is work-friendly.

It has a multicultural population with a high tolerance for social immersion.

Connectivity has never been a challenge so commuting is easy.

All in all, the city offers abundant opportunities for luxury home seekers to get their foot in the door of the elite.

The recent pandemic has been an inflection point for emerging home buyers, according to industry experts.

Many new couples prefer living in a smaller city like Pune, given the upsides it offers in terms of a better quality of life with better affordability. This is one of the key underlying factors behind the rising demand for luxury homes in Pune.

People with six-figure jobs expect world-class standards at their doorstep and are willing to pay a premium for it.

And Pune real estate is a great match for their expectations.

One such project which is a testament to the rising demand for luxury homes in Pune is The Ark – Voyage to the Stars by Tribeca Developers. This project has raised buyer expectations with its splendid architecture and world-class offerings. The success enjoyed by the project since its launch in early 2021 has seen an influx of other developers in the same micro-market giving NIBM a big impetus.

In conclusion, it’s clear that Pune is poised to break all benchmarks for luxury living in the near future. And this as good a time as any to own a piece of its growth. With its green environment, customizable luxury spaces, abundant amenities, and unparalleled convenience, Pune offers a luxurious lifestyle that's hard to resist.