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Pune Metro’s Boost to the City’s Real Estate Market!

Pune has today become one of the most happening places to live in! The city has witnessed a massive rise in population and migration for job opportunities and education purposes. As the city’s horizons for real estate expand, the development of good public transportation infrastructure is the need of the time. Pune Metro- or the Maha-Metro Rail being developed in the city has come as a blessing in disguise to the residents. On its completion, the metro line will solve several issues such as traffic congestion, pollution, road accidents, and travel time, and be cost-saving, and energy-saving.

The development of the metro in the city has also boosted the growth of the real estate industry in Pune. Let’s understand how the emergence of the metro will impact the real estate market of the city!

Increase in prices:

It goes without saying that the Metro line is going to result in an increase in real estate prices in the vicinity of the stations. Buyers are more willing to pay an increased amount to live closer to stations due to the convenience it will bring to their lives. Hence projects within walking distance from metro stations and their radius will be in demand.

Increased connectivity to the city areas:

With infrastructural upliftment, the city has grown exponentially, as the infrastructure allows it to serve areas which were earlier not connected by the existing suburban rail system.

The growth of these areas and factors like mobility and accessibility will tend to majorly influence the everyday life of people living around the metro line. Further, it will lead to the exploration of peripheral areas for the development of real estate.

Rise of extended corridors:

The development of Pune Metro will bring a vast change in terms of land usage along the corridor and especially around the station. Moreover, with convenient accessibility to distant work locations, the extended suburbs will also witness a demand for real estate.

Boost to other businesses:

Not just real estate, but many other businesses are going to benefit from the working of Pune Metro. With easy and hassle-free accessibility to areas like Baner, Balewadi and Hinjawadi, malls, hospitals, and restaurants in these areas will be hugely impacted.

The Metro line will have a favourable impact on the Pune real estate market, witnessing marginal growth. From PCMC to Swargate, Ramadi and even Hinjawadi- all these locations will easily be accessible to all.

This development will surely change the skyline of Pune City, as the market’s focus will be on the developments along with the metro stations and its route.

With ample growth opportunities, an investment in properties near Pune’s metro lines will surely pay off finely- in terms of lifestyle and returns.  In the coming years, we can anticipate demand for high rises and premium properties along the pockets of the metro line in the vicinities of Wakad, Shivajinagar and Hinjawadi. Pune metro, simply put will give impetus to the new residential and commercial corridor of Pune.