There has been a sharp increase in the demand for commercial properties in Baner, Pune. Baner is one of the largest suburbs in the western region of Pune. This suburb has experienced rapid development in recent years; especially during the year 2008 when the Commonwealth Youth Games were held at the Balewadi Stadium. This event sparked development in this area and soon the developers realized Baner’s potential to be a commercial and residential destination.
Another factor that played in Baner’s favor is the construction of the Rajiv Gandhi Infotech Park in Hinjewadi. This IT Park today stands as the engine of development of the city. Pune has seen a huge increase in its economy due to the IT park. Hinjewadi developed rapidly and the progress also spread to the adjacent areas like Aundh, Baner, Wakad etc. Today, all of these suburbs are high-end residential destinations. Among them, Baner also has a healthy mix of business development.
Baner is great from an investment standpoint. Property fees have risen steadily over the years, attracting investors and end-buyers alike. Currently, ownership rates are not astronomical, but they are expected to reach that level in the next few years. So simply investing here is also a smart move as there is a high chance of high returns.
Baner is home to many smaller IT parks that house various businesses. The commercial scene here is developing rapidly as newer residential projects are located primarily in the interiors of Baner, leaving space in the central areas for commercial development.
Another factor that perpetuates Baner as an ideal commercial destination is the transportation facilities. The PMPML (Pune Mahanagar Parivahan Mahamandal Limited) has many buses connecting Baner to other major parts of the city. The frequency of the buses is also good, so many people opt for public transport. People who use private transportation such as cars, motorcycles, scooters, etc. Also find it convenient to travel here, as Baner has a good network of well-maintained roads.
The scenery for recreation is also quite developed here. There are many fine dining restaurants in the area, serving cuisines from all over the world. There are also many international fast food chains, which again is an important indicator of development at Baner, as these large restaurant chains operate only in developed areas.
Since Baner also has a large residential area, there are many retail stores serving your needs, such as groceries, fruits, vegetables, dairy and meat products, etc. There are also quite a few malls selling everything from high-end clothing brands to high-tech electronics. Baner is an ideal destination for comfortable living.
Many developers have realized the potential of the area and have developed commercial projects in Baner. Due to the factors mentioned above, commercial properties are in high demand and many companies are interested in establishing businesses in the area. Employees of such companies also find it easy to travel here or even end up renting or buying houses here. In general, Baner is a great place for residential and commercial development, and businesses have great potential to thrive, due to the IT parks being built around it.