1. A Step to Promote Property Investors
Properties in Pune, of late is all set to make records in terms of recent growth that it has
seen. Pune—the cultural capital of Maharashtra; always been regarded as the most
progressive cities all over the state. Umpteen numbers of IT / ITES companies, educational
institutions, many of the BPO industry have established its business centres in Pune. With its
high quality of educational facilities, it has invariably invited students from far Eastern
Europe, Southeast Asia, countries like Iran and the Middle East to seek higher education at
an astonishingly affordable cost.
The migrating students and professionals in Pune for making career has taken the city’s
population to a new height, thus preparing a perfect ingredient to make it a cosmopolitan
city with variegated colors of myriad cultures. According to market reports, commercial
property in Pune, fetches about 20-25% returns on investment. This makes the city a
favorite destination for buying properties. Seeing this promising business opportunity Real
estate investors are attracted to Pune properties, as investments in residential properties is
a certain sense of higher returns.
Real estate in pune launched many of their ivy-league residential projects in order meet the
requirement of the residential housing complexes in the city. There is a steady increase in
demand for residential properties in Pune with the booming infrastructure developments
initiated by various government enterprises. With this positive market sentiment, various
property investment avenues like apartments, flats, individual houses, group housing, villas,
luxury houses, pent houses, vacation homes, condominiums, etc are being built to support
the supply chain. Interested investors can also think of investing into an integrated township
with the state-of-the-art accommodation spaces, shopping areas, business centers and all
basic amenities under one roof.
Various multi national companies are looking forward to be a part of this growth story, thus
taking the demand for commercial segment to an all time high with its demand for more IT
Parks, shopping malls, multiplexes and dedicated business zones asking for a world-class
architecture. Many property developers in pune try to capitalise this opportunity to make
the best out of it by constructing high end projects offering latest technology blended with
aesthetic designs.
With recession hitting the global market and the bearish mood in share markets worldwide
has done little damage to properties. Demand for both residential and commercial
properties has exceeded and growing ever since making Pune western India's most active
property market and nonetheless, a very fast growing market. Leading property developers,
local real estate players and multinational companies are setting foot in this segment to
decorate Pune with their unparallel architectural wonders.

2. The property tax structure in Pune further inspires the property investors to come up with a
boosting confidence. Paying municipal taxes on time promotes concessions to taxpayers.
These exemptions if the property is used for residential purposes are provided. No
concession to commercial property. Moreover, a 40% profit is ensured if the property is
occupied by self—a very good step taken by the PMC, which will increase the collection. The
overall collection process has been decentralized to delegate responsibility to 21 branches
of Pune Municipal Corporation (PMC) and six Cosmos Cooperative Bank extension counters.
This article was written by Vascon on behalf of Top Builders in Pune.