The growth in Pune’s real estate is certainly due to the IT professionals. High paying jobs of the IT professionals has boomed the demand for real estate in Pune. Amongst enormous development going on all over the city areas with more number of new projects in Pune, Phursungi is one of the fast developing areas. Affordable housing along with close proximity to established localities such as Magarpatta, SP Info city, Camp etc., 24 hours water supply and easy connectivity to entertainment zone, shopping malls, renowned hospitals and education institutions are some of the reasons to become so popular. Those who work in the IT and commercial set ups at Magarpatta and SP info city prefer to live at these surrounding locations.
Earlier in Gram panchayat, the area has recently made its move in Pune Corporation. With the reasonable flat prices in this part of town as compared to other localities of Pune, the area comprises of 1, 2 and 3 BHK’s along with row houses. The price of residential plots in this town is Rs 3,600/- to 4,500/- per sq. ft. 2 BHK flats in Pune are the most supplied and demanded at these locations. There is a huge demand and need of residential living place in Pune. As many people are migrating over here in search of good opportunity. As the place is having a crowd of professionals there is a demand of 1 BHK flats in Pune. This unit is the most preferred unit as many people want this and feels comfortable in this and can easily afford this unit.