The sharp increase in demand for commercial real estate in Baner, Pune. Banner is one of the largest suburbs in the western region of Pune. Over the past few years, this suburb has developed rapidly; especially during 2008, when the Commonwealth youth games were organized at the Balewadi Stadium. This event triggered a development in this area, and soon the developers realized the potential of Baner as a commercial and residential destination.
Another factor that has played in Baner’s favor is the construction of the Rajiv Gandhi Infotech park in Hinjevadi. This IT-park today is the engine of the development of the city. Pune saw an intensive rise in its economy due to the IT park. Hinjevadi quickly developed, and progress also spread to neighboring areas, such as Ound, Baner, Vakad, etc. Today, all these suburbs are high-class residential objects. Among them, Baner has a healthy combination of business development.
Baner copes with the investment point of view. Over time, property prices have steadily increased, which attracted investors and end-user buyers. Currently, real estate rates are not astronomical, but are expected to reach this level in the coming years. Here, simply investing here is also a sensible step, since there is a high probability of high returns.
Baner is home to many small IT parks that host various businesses. The commercial scenario is developing rapidly here, as new residential projects are mainly located in Banner interiors, leaving space in central areas for commercial development.
Another factor that perpetuates Baner as an ideal commercial destination is the vehicle. In PMPML (Pune Mahanagar Parivahan Mahamandal Limited) there are many buses that connect Baner with other important parts of the city. The frequency of buses is also good, and therefore many people choose public transport. People who use private transport, such as cars, motorcycles, scooters, etc., also believe that it is convenient here, since Banner has a good network of well-maintained roads.
The recreation scenario is also developed here. In this area there are many elite gourmet restaurants that serve dishes from around the world. There are also many international fast-food chains, which are again an important indicator of development in Baner, since these large restaurant chains operate only in developed areas.
Since Baner also has a large residential area, there are many shops that serve them, providing needs such as foods, fruits, vegetables, dairy products and meat products, and so on. There are many shopping centers that sell everything from top-class apparel brands to high-tech electronic goods. Baner - the perfect place for a comfortable life.
Many developers realized the potential of this area and developed commercial projects in Baner. Due to the above factors, commercial real estate is in great demand, and many companies are interested in starting a business in the area. Employees of such enterprises are also easy to get to here or even end up renting homes for purchase here. Overall, Baner is a great place for residential and business development, and business has great potential for prosperity thanks to the creation of IT parks built around.
