When it comes to airports they bring waves of development and urbanization in the surrounding areas along with them, due to which there is an increase in the economy and the Real Estate business.
The upcoming Purandar Airport has already created a buzz around the city that will not only improve the proximity but also improve the infrastructure and is going to generate a huge scope for Real Estate Industry.
Let’s take a quick flashback, in 2016 the Purandar airport was proposed in Pune. It took a while to get approval from Government and then in 2019 it got approval for installing SPV (special purpose vehicle) for the Purandar Airport. The work at the site has not started yet and there can be changes in the site of the airport or delays in work because of land issues at the proposed site. The Purandar airport will be called Chhatrapati Sambhaji Raje International Airport. The project is going to spread over 2400 acres and it will acquire a budget of around Rs. 11,000 crore approx.
Purandar Airport will invite a lot of residential and commercial properties in the area of Purandar. The airport is going to be around 40-45 KM away from Pune which will go through many villages and this will require a developed travel means, so a good road infrastructure will be mandatory in the line up of development.
So the perspective of long term investment in the nearby area of Purandar Airport is going to get you huge returns on your investments probably. The investment in those areas has already been started by many builders and developers which are coming with new upcoming city plans and townships.
The high potential in the nearby lands of Purandar Airport has attracted the whole real estate industry of Pune. This is why the developers in Pune have kept an eye on Purandar Airport status and are waiting for the right time to make their investment.
