KUL Sophronia by Kumar Builders bags the award for best luxury project at Pune Real Estate Awards, 2014

KUL Sophronia, a project by Kumar Builders now Kumar Urban Development Ltd. (KUL), has been awarded as the best luxury project at Silicon India’s Pune Real Estate Awards 2014. The award winning project – ‘Kumar Sophronia’ at Kalyani nagar symbolizes utmost comfort, luxury and exuberant surroundings for the residents.

Silicon India in association with DHFL have created a platform as an initiative to felicitate and recognize these real estate industry professionals who have contributed to the evolving landscape of the sector in the city by hosting the Pune real estate awards 2014. The awards are intended to encourage infrastructure development, foreign investments in the local bodies and real estate growth and companies especially in terms of innovation, quality, reliability, technology and continuous improvement.

This project comprises of six buildings of twelve floors each with stylish studio apartments, 2bhk’s and 3bhk’s. It includes ultra luxurious amenities such as solar water heater, a poolside deck, a waterfall with an infinity edge and a floating pavilion.

Pune is seeing growth in the realty sector with a rise in prices of 35 percent since 2011. With decent infrastructure and public transport as well as favorable climate and huge scope for real estate development, the real estate business in Pune is experiencing a tremendous growth. Another major factor affecting the growth of Pune’s real estate sector is the unrealistic rise in price in Mumbai’s real estate.

Pune, located less than 200 km from Mumbai is a far rational market and has been performing very well. The ratio of supply and absorption is much better in Pune as the rates are realistic and within the range of mid-range buyers. The safest opportunity in the Pune market today is in the townships. Another interesting shift is that well established developers from Mumbai are bringing world class property development to Pune as well. The city’s real estate market is on an upward growth trajectory owing to an amalgamation of all these factors.