KUL awarded at Pune Real Estate awards 2014

Kumar Urban Development Ltd.(KUL), a trusted name in the realty sector, today announced that its lavish project 'KUL Sophronia' is awarded with the best luxury project at Silicon India's Pune Real Estate Awards 2014. On this gracious occasion, Kruti Jain was also honoured with 'Young Achiever' award for her leadership qualities and valuable contribution in real estate industry.

The award winning project - 'Kumar Sophronia' at Kalyani nagar symbolises utmost comfort, luxury and exuberant surroundings for the residents. This project is comprising 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.

Commenting on the occasion, Lalit Kumar Jain, Chairman and Managing Director, KUL, said, "We are extremely happy and proud to receive this award. It has been our constant endeavour to create world class homes and luxurious living experience for the society. We consider this award as a token of recognition and motivation to continue the momemtum of developing more innovative luxury projects in the future."

In addition to this, for receiving 'Young Achiever Award' at the event, Ms. Kruti Jain, Director,Kumar Urban development Limited (KUL) said, "It is an honour to receive this prestigious award and I am truly humbled by this gesture."

Pune Real estate awards 2014

Being the eighth largest city in India, 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 kms 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.