Benefits of Investing in a Property in Pune Real Estate
Pune is a fast-growing city that has made its way into the list of ‘Smart Cities’ of India. It is a booming IT & educational hub and an upcoming automotive manufacturing center. People come to Pune from all over the world to learn and work. There is a growing demand for more flats in Pune.
Let us look at the perks of having a property in Pune.
Why Should You Invest in a Property in Pune?
- Return on Investment
Investors are reaping generous rewards for intelligent plays in the city’s growth pockets, and the city’s boundaries are constantly expanding to bring in more such pockets.
It is known as one of the best cities for education with four universities, more than 20 engineering colleges, more than two hundred other colleges, and other nationally and internationally accredited institutions. Needless to mention, foreign institutes are now setting up their institutes or tying up with the existing ones in Pune to establish a base in India.
Pune is a thriving commercial city with abundant employment opportunities, especially in the IT, Automobile and Manufacturing sectors.
- Cost of living and property appreciation
Mumbai- India’s legendary real estate market lies right next door to Pune. But, despite their proximity to each other, these two are very different markets. Property in Mumbai is exorbitantly costly pushing more and more aspiring middle-income homebuyers to the out fringes. The cost of living is low in Pune and with the developing status of the city, investment in real estate in Pune offers promising returns to buyers.
- Overall Development
Rapid industrialization and growth are driving the real estate sector in Pune. All transport such as road, rail, and air facilities are being spruced up. The Mumbai-Pune Expressways is a major success. A new metro and airport are being planned to aid the growing demand of this city.
- Weekend Getaways
Popular hill stations such as Khandala and Lonavala, lie only about 65 km apart.
- Safe, clean green & peaceful
More and more people in Pune are now spurning the chaotic existence of inner-city life and embracing the privileges of living in less congested areas. Properties in Pune’s brand new suburbs offer a healthy, less stressful, and more fulfilling lifestyle.
If you are looking to buy property in Pune, there is no dearth of options to choose from. However, within the city, there are tremendous traffic issues, less greenery and the property prices are quite steep. Pune suburbs offer much better options. More and more buyers are looking for locations that are away from the hustle and bustle of the city, and still are close enough so as not to feel disconnected. Ambegaon is one such key area of Pune that is poised to see vibrant growth in the real estate sector in the next decade. Since property rates are still manageable here, 2 BHK flats in Ambegaon will cost you almost the same as 1 BHK in Pune city.
Ambegaon offers large land parcels making it easy to develop large township projects amidst green hills in the lap of nature. With its proximity to Katraj, Ambegaon is well-connected to the city by road. As a residential center, Ambegaon has quite a few advantages when it comes to amenities and connectivity. It shares proximity to the Mumbai-Bangalore bypass. It is also very close to the Shirval MIDC which makes it an ideal residential option for people working there. There are some premier educational Institutes like Poddar School, Bharti Vidyapeeth College & NBN Sinhgad Technical Institute in the vicinity.
Ambegaon has recently been included in the municipal limits of Pune which means that it will receive grants for development and the latest infrastructure from Pune Municipal Corporation. This will have a marked effect on Ambegaon’s property rates. Investing in 2 BHK flats in Ambegaon
A cosmopolitan city with a low crime rate and lovely weather, Pune is a comprehensive package for an investor’s delight. And, if you are looking to buy property away from city noise and crowd, Ambegaon is emerging as the place which offers all of this and yet remains close to all the modern amenities that are a part of our living today.