Developers Tall Towers of Pune a new face in Real Estate

Towers of Pune a new face  in  Real Estate 

   Once a time a pensioner’s investment  destination Pune,  with bungalows, later Row houses , then few floors are now touching closer to  30 Story. Housing , slowly  and steadily rising higher and higher heights in Pune, same as the Indian other cities.

Castle Royale Grande

    The few  who  experienced the height  the Breath and view on the higher floors,  fallen in love it some where some time   are the  buyers to move in   and the others  purely  investors.

 

    Thanks to the world  wide Technology transfer, and  the demand  by the people who traveled and stayed in different major  cities of the world. Not to Surpass     the fact of Pune’s growth and development have coincided with the boom of the   IT industry, resulting in the city’s transition to a vibrant metropolitan city.

Watch out the change has been witnessed over the last 8-10 years. The skyline of the city is now defined by apartment development  which are about 7 to 11 storeys high. Most of the projects developed at prominent locations in the city in the last three to four years are apartment projects equipped with  quiet good necessary amenities for comfortable living.

    The latest development is vertical growth, and the change in the skyline has already become visible in Pune’s suburban locations.

         Look  for the changes In the last two years, several residential projects in Pune have  the permission granted for the development of high-rise towers. Few front runners  are , City Group is about to complete the final two of ten high-rise towers at their Amanora Township. These towers are 20-21 storeys high, and the second phase will introduce ten more towers. Another experienced  player in high rise, who introduced first tallest in  City  was  The Avinash Bhosale Group ABIL, who  has come up now with  29-storeyed Castle Royale Grande at University Circle and the 25-storeyed God’s Blessings at high-profiled Koregaon Park are absolutely outstanding.  Many others   who  follow  the race are  Kolte Patil and Clover are also under  planning  execution of such high-rise residential towers at Viman Nagar and around Pune.

     Though there is  an additional floor rise cost of Rs. 100/sq.ft. involved in many projects, these projects fall in the premium housing category, and buyers ready to shell out a 20% premium surcharge for this  properties over and above the prevailing market rates.

          Top Project Developers of PUNE,  are now planning landmark high-rises within their credit  to stay away from the cluster of  new mid size project developers mushroomed in the market.  All such schemes  under construction  skyscraper format requires  best of  construction technology with large access  to funding. Thanks to FDI  flow  in Infra  Development ,  fast track sanctions  opened  by the  new government policies a year ago, giving a substantial boost  for funds to  flow  towards right projects for quick execution.

        However, the more important advantage is that such towers free up more of the available ground space, allowing more green areas to be developed. If infrastructure is planned adequately and efficiently, such projects could help provide better living standards for the residents.

         Apart from the benefit of increased ground space, such projects help in making better air, light and overall environment available to the residents. Other factors are improved safety and security, which – along with services, common facilities and amenities – have always been a major concern for bungalow developments.  By sharing the cost of common services, security and amenities cost, thereby reducing the overall cost burden and increasing saving & efficiency for the end users.

       Definitely, there are considerable  value attached to living in a high-rise Housing – especially in a city that has not  experienced  much  with such projects till now.