Pune Metropolitan Region Development Authority (PMRDA) formation has given real estate Pune a boost. The formation PMRDA will not only boost India properties Pune but it will also fuel the pace of development projects. Key infrastructure projects like the the Bus Rapid Transit System (BRTS) and Metro rail will be fast tracked giving boost to Pune properties resale. With the overall development of the city resale properties in Pune will be in high demand. For example property in Baner will see a rise in property prices after the development of infra projects. Already the news information of PMRDA has increased the rates of flats in Baner.
Since PMRDA will be a unified platform for planning as well as execution of infra projects, they will be easily be able to resolve disagreements. Since the planning and execution will be on the same medium the development of projects will be faster which will fuel real estate Pune prices. Also the movement of resale properties in Pune will improve. Also the issue of illegal India properties Pune will be resolved faster. Many builders are building property in Baner without proper approvals, all these issues will be addressed faster. The newly formed body will go a long way in bringing in ethical as well as transparent business practices to this realty industry and in the process make the sector more attractive for both for investors and buyers.