Prime Highlights
- Real estate developers are increasingly targeting Pune’s western suburbslike Baner, Balewadi, Sus, and Hinjewadi due to proximity to IT parks and improving infrastructure.
- Both residential and commercial projects are expandingas professionals and companies seek modern homes and Grade-A office spaces near technology hubs.
Key Facts
- Developer Teerth Realtiesis actively building offices and housing in western Pune near technology clusters.
- Residential construction in suburbs like Susincludes mid-rise and high-rise communities catering to employees of nearby IT parks.
Background
Developers are moving real estate projects to Pune’s western suburbs, attracted by new infrastructure and growing technology hubs. They are focusing more on areas like Baner, Balewadi, Sus and Hinjewadi because these places are close to major IT parks and have better roads.
Large technology campuses in Hinjewadi are driving up demand for offices and homes, say industry experts. Companies in the IT and IT-enabled services sectors now prefer modern Grade-A office spaces close to workforce clusters and transit routes.
Developer Teerth Realties is among the firms expanding its presence in Pune’s western corridor. The company has been developing offices and homes in areas near technology hubs and growing infrastructure.
One of its commercial projects in Baner shows the growing demand for modern offices. The office complex hosts technology and service companies and connects easily to Hinjewadi, Wakad, and Aundh.
Residential construction is also increasing in nearby suburbs like Sus. Developers are building mid-rise and high-rise housing communities to serve professionals working in the technology parks of western Pune.
Urban economists say these neighbourhoods attract developers because they offer strong connectivity to employment centres and relatively lower land costs compared with older city locations. Many developers now build residential communities that combine homes with open spaces and lifestyle amenities.
Urban planners say that building infrastructure is crucial as these areas grow. Good roads, public transport, water supply, and green spaces will help the areas grow in a sustainable way.
