Lives changed dramatically due to the covid-19 pandemic followed by lockdowns and quarantines. People were not allowed to meet, work or socialize as they used to. Real estate companies too got impacted in many different ways due to the COVID-19 pandemic. However, the rollout of the vaccines, stamp duty cuts, slashed repo rates, and all-time low interest raised hopes and gave a necessary booster shot to Pune’s real estate sector.
Time for the affordable housing segment
Slash in the stamp duty from 5 percent to 2 percent by the Maharashtra government has led to a record rise in registrations due to which Pune’s property market is witnessing healthy growth in real estate sales. The real estate sector in Pune is further getting stimulus due to low-interest rates on home loans. Reduced interest rates on home loans and slashing of repo rates to 4 % by RBI led more buyers to leverage the home loan financing option. Also, leading banks are offering home loans below 7% annual interest translating inquiries to sales.
Luxury housing segment
Post covid era, Pune and its suburbs are witnessing a steady rise in premium residential projects redefining Pune’s best neighborhoods. The booming IT sector, thriving automobile manufacturing zone, and developing social infrastructure have led to an increased number of residential projects in Pune and its suburb areas. If there is one plush suburb area that has gained popularity in recent times is Wakad. Coupled with the best connectivity to the Mumbai-Pune expressway and Nashik -Phata BRT corridor, Wakad offers affordable housing alternatives to Baner or Aundh.
Plush Bonheur in Wakad neighborhood
High-quality social infrastructure and seamless connectivity to the Hinjewadi IT hub and other remarkable landmarks of the city, ensure a convenient and luxurious lifestyle for its residents. The benefits of living in these neighborhoods are many and with Engineers Horizon, the dream canbe the reality.
1,2 BHK in Bonheur Wakad
launched by Engineers Horizon has access to the best of facilities like outdoor gym, meditation deck, yoga deck, peripheral ornamental plantation apart from open spaces, kid’s play area, and an amphitheater for seamless leisure and luxuries. The homes provide you with safeguards of privacy from the outside world. Everything at an accessible distance, Bonheur usher in the rarest living for the select few.
Surrounded by an IT park,1,2 BHK in Bonheur, Wakadis within walking distance from the metro station. Bonheur is surrounded by schools, hospitals including Ruby Hall, entertainment hubs providing you eternal bliss. Nestled in the lap of green, these affordable flats in Wakad are just minutes away from the Hinjewadi -Wakad bridge. An ideal destination for those who want to be a part of the city’s hustle-bustle but still want to nestle in a serene living environment.