The property market in Pune has seen a resilient demand despite the recent economic slowdown. This is because there is a sustained demand for affordable homes from the burgeoning IT / ITES, manufacturing and industrial sectors in the city. Add to this, property prices are relatively 'affordable' in Pune in contrast to other markets such as Mumbai Metropolitan Region (MMR) and National Capital Region (NCR).

The realty market in Pune has shown healthy growth across most asset segments. There is a perceived shift towards high-rise apartments; a trend of deviating from standalone buildings and bungalows to luxury flats and furnished apartments. These offer greater security, enhanced social life, better amenities, and central facilities maintenance.

Luxury housing constitutes 2-3 percent of the total residential market in Pune; the buyers are high-level executives from the city's corporate houses, successful entrepreneurs, NRIs returning to Pune and also investors and end-users from Mumbai. Sobha Limited has launched two prestigious high-end residential projects in the luxury homes segment, Sobha Garnet and Sobha Orion.
Sobha Garnet is an uber-luxury project located off the NIBM Road Kondhwa, Pune. One of Sobha’s new residential projects in Pune, this magnificent construction is an epitome of all that is opulent and comfortable. These luxurious apartments are available in options of 3 and 4 bedroom sizes and luxury penthouses; with optimum use of natural light, ventilation and greenery without compromising on the privacy factor. 118 premium homes are housed across Blocks I and II, and spread over 7.5 acres of land. Sobha Garnet offers residential flats in the super-luxury category with balcony and private terrace, Sobha’s ode to grandeur and finesse.

Sobha Orion is another superlative luxury project from Sobha Limited. This project too, offers luxury apartments and penthouses - elegant residential apartments in a 14 storey tower housing swanky 1 and 2 bedroom flats. Sobha Orion offers the combined luxuries of being in the midst of nature; while enjoying all the conveniences of a modern and sophisticated living experience. State-of-the-art gymnasiums, swimming pools, three clubhouses and amphitheatre, children’s play area, separate reading area and a host of sporting activities ensure there is no dearth of recreation at Sobha Orion.

Sobha Limited has also launched projects in the affordable, middle-income segment category. Among the new housing projects coming up in another active real estate micro-market, Kothrud, Sobha Elanza stands out. The project offers 184 luxury flats in configurations of 3 and 4 bedroom apartments, and duplex premium homes and penthouses. The Elanza 3 BHK exclusive homes are available in ‘comfort’ and ‘compact’ options as well.

Those looking to invest in residential property in Pune would do well to consider these new residential projects from Sobha Limited, one of south India’s most respected builders.

For more info visit: http://www.sobha.com