Pune, March 18 -- Punawale, once a relatively overlooked suburb in the city's western periphery, is steadily emerging as one of the city's most sought-after residential micro-markets, attracting both discerning homebuyers and established real estate developers.
Its proximity to the Hinjewadi IT hub, improving connectivity, and the availability of well-planned residential communities have contributed to sustained demand and steady price appreciation in the area, real estate analysts observed in a release on Wednesday.
Over the past decade, the locality has recorded nearly 40% price appreciation, while 21,809 residential units have been sold against 21,442 units launched, indicating that demand has consistently kept pace with new supply. Pu...