The Impact of Pune’s IT Sector on Residential Real Estate Demand
1. IT Boom: The Catalyst for Real Estate Growth
Pune has rapidly evolved into a major IT hub, with areas like Hinjewadi, Kharadi, Magarpatta, Baner, and Wakad housing top tech parks.
2. Rise in Housing Demand & Price Appreciation
…especially in micro-markets close to IT corridors:
- Kharadi: 25–35% price appreciation in 3 years
- Wakad & Hinjewadi: Huge rental yield surge
- Baner-Balewadi: Popular among mid-to-senior IT professionals
- Dhanori: Emerging as a residential hotspot due to its excellent connectivity to Kharadi, Viman Nagar, the airport, and the IT Commerce Zone. The area offers spacious homes at relatively affordable rates, attracting both homebuyers and investors.
3. Preference for Modern, Tech-Enabled Homes
…like coworking spaces, EV charging, and high-speed internet.
4. Rental Market Uplift
…demand is highest near tech parks like Kharadi, Viman Nagar, and Hinjewadi.
5. Boost to Peripheral Suburbs
…Tathawade, Ravet, Moshi, and Dhanori are gaining traction.
6. Investment Magnet for NRI & Domestic Investors
Pune remains a key hotspot…
Visit the official Pune Metro site to track upcoming connectivity enhancements.
✅ Summary
Pune remains a key hotspot…
| Factor | Impact on Real Estate |
|---|---|
| IT Job Growth | Surge in housing demand |
| High Salaries | Preference for premium homes |
| Work Culture | Demand for smart, WFH-compatible flats |
| Migrant Workforce | Increased rental occupancy |
| Infra Boost | Property value appreciation |
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