A Pune has witnessed a remarkable shift from being an automobile and manufacturing hub to being an IT hub, thanks to the digitisation of the manufacturing industry. Pune has 800 IT companies that employ about 4 lakh people. Most of these IT companies were started to support the manufacturing industry spread over Chakan, Pimpri-Chinchwad etc. Though there are manufacturing hubs in other cities of the country, Pune is the only city to have the distinct advantage of having both industries working in tandem.
Pune’s weather, availability of resources and presence of colleges that produced work-ready graduates are some of the reasons that have contributed to the steady growth of the IT sector in Pune.
The next startup paradise?
As per NASSCOM reports, Pune has attracted considerable amount of funding in IT. Small but potentially disruptive startups have been founded in the city over the last 10 years that have made heads turn towards Pune.
Impact on residential real estate
With a city that is witnessing such tremendous growth, it is only natural that the demand for sustainable residential realty increases too. Pune has already been home to quality construction houses, thanks to the many industries in the city and its surrounding regions. With the advent of the thriving IT hub in Hinjawadi and Kharadi, the demand for residences will only see an upward trend.
The suburban makeover
Two noteworthy localities to benefit from the IT revolution in Pune are Kharadi and Hinjawadi. What were once sleepy towns have witnessed a tremendous change in terms of infrastructure and growth. Kharadi especially is home to some of the biggest IT Parks and SEZs in the country. The World Trade Centre, Zensar IT Park, EON IT Park and the presence of top players like Mphasis, TCS and a lot more have attracted the best real estate companies to launch their projects here.
Kharadi, a burgeoning residential hub
Kharadi’s IT sector is supported well by a burgeoning residential sector along with the presence of retail, entertainment, leisure, healthcare and educational infrastructure too. Some of the best property developers in Pune have created some of the best residential projects in Pune in the region giving investors a bang for their buck.
If you are looking to invest in Kharadi, you could consider projects in the locality by Gera Developments, Pune’s top property Developer.
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