Pune Property Segment Gears up for New Challenges

Pune's property segment in fast evolving its profile totransparency in the real estate segment and would
become one of the most active real estate market inhelp the land owners as well.
the country. Recently, the Promoters and BuildersPune has witnessed record land registration and
Association of Pune (PBAP) launched a realty fundtransactions in the last quarters. Contrary to the media
worth Rs 26 crore. This fund would invest up to Rs 5reports, official figures reveal that property
crore per residential project in Pune to help the smalltransactions in Pune have registered 8% increase in
developers to complete their projects quickly.the last quarter as compared to the time period last
Earlier, the Estate Agents Association of Pune (EAAP)year.
launched a real estate directory for Pune. ThisPune's property market has seen significant activity in
directory, called the Eaap Directory 2008, has detailsthe last one decade. Private property developers,
of the property professionals and real estate firmsalong with the civic authorities, have launched new
operating in the city. This directory would be ofconstruction and infrastructure projects in the city. The
immense help to the home seekers and propertycity stretching its borders to give rise to new suburbs.
buyers.The city's property segment is very active and is
Civic authorities have just announced that all landadopting new trends for the benefit of property
record in Pune will be digitilised. Land owners will soonprofessionals and home seekers.
have digital images and computerised papersFor more details on Pune Properties, log on to
confirming their ownership records. This would bringmagicbricks.