Pune, Maharashtra -- (SBWIRE) -- 07/28/2011 -- Leading real estate developer, Puranik Builders Private Ltd, on Friday announced the unveiling of ‘Aldea Espanola’ (phase II), a housing complex conceptualized in completely Spanish style of architecture and interiors which re-defines fine living today. Comprising over 20-super luxury villas (3&4 BHK) and over 650 luxury apartments (2&3 BHK) at the sprawling 15-acre area, ‘Aldea Espanola’ is situated at the fastest growing suburb, Baner.

“During my tour in Spain, I realized that Pune shares a similar ethos with Spain in terms of lifestyle, climate and design elements, and we felt that Puneites would appreciate such homes,” said MD Shailesh Puranik.

With several IT companies evincing greater interest in Pune, a Tier II city, over all Tier I cities like Bangalore, Hyderabad, Chennai or Delhi. It's slowly becoming the hub of huge IT-ITES (Information Technology-IT Enabled Services), BPO (Business Process Outsourcing) investments. The city has seen a precipitous growth in the last 12 months. If the gamut of activities going on in the city is anything to go by, the city is competing strongly with other IT strongholds to be the IT capital of the country to be the next outsourcing hub of India. And it's a strong contender against Bangalore for the position of "Silicon Valley of India".

The software industry's expansion plans have triggered a real estate boom in the city. Real estate is very affordable. “We have targeted our apartments at middle class consumers, with the villas being targeted at industrialists, IT sector and others,”-said Mr. Puranik.

Pune, the pensioners paradise -has undergone a metamorphosis from a city of decrepit wadas(ancient houses from the Peshwa era) to a city of suave IT parks and stellar business achievements. It boasts of a high standard of living. And yet the cost of living here is nearly 40 per cent lower than a city like Mumbai. A new cosmopolitan culture here- and to add a new flavor to it is what the Puranik Builders aspire to do.

Apart from the beautiful homes, a la Spain, the Spanish experience is in proximity of shopping arcades, an inviting clubhouse and beautifully landscaped gardens with soothing fountains and designated sit-out areas. The stunning white Row Villas and plush luxury Apartments of Aldea Espanola is a testimony to Spanish fine living. Every Luxury Row Villas and Apartment is tastefully created with well laid-out living spaces, ornate design treatments and premium flooring & lighting, all infused with the romance and warmth of traditional Spanish home.

With charming cobbled-stone streets, a landscaped garden, sun-soaked cafes and restaurants, the exterior complements your Spanish home in every way. The exteriors match the inner ambience too. Strength marries beauty when the robust columns transform into magnificent curves. The outdoors detail landscaped gardens, sparkling fountains with sit outs, an amphitheater, a jogger’s path and much more.

The phase II of the project will have 150 apartments including villa-style homes, and is slated to be completed by next year. The entire township is expected to be completed in three years. With Pune among top seven cities in real estate growth, he added that, “We were looking for the right project to deliver in terms of land, area and other amenities.”