Why should you Invest in Residential Flats in Pune?
Pune is fast emerging as a real estate investment hub. With a cosmopolitan setup, thriving engineering, automobile, education, and IT sectors, and good weather conditions, home buyers are now considering the city as one of the most viable and lucrative places for investing in residential realty spaces. With the employment opportunities growing day by day Pune is home to a large migrant population.
What makes Pune a sought-after investment destination?
Temperate climate all the year-round, employment opportunities, affordable housing – Pune has everything you ever wanted. No wonder people are queuing up to invest in residential flats in Pune. From premium to affordable you get everything that your budget permits.
- Affordable Property
The speedy growth of IT and changing demographics greatly drive Pune’s real estate scene. When compared to nearby Mumbai, the property rates are far cheaper in Pune. You get better deals in terms of better projects, amenities, infrastructure, etc. You can afford a bigger house in Pune for the same price compared to Mumbai. The best thing about Pune is that it offers a range of apartments to choose from; from premium to budget homes you get what your pocket allows.
- High ROI – From Rentals and Property Appreciation
The growth of the IT sector in Pune has played a key role in the boost of the rental market and overall property prices. Pune is experiencing a huge influx of IT professionals and students from different parts of India and abroad.
Home to over 110 MNCs, Pune boasts of some of the biggest and stunning IT parks in India. The Rajiv Gandhi Infotech Park in Hinjewadi, being the biggest, has the presence of all major companies like TCS, Infosys, Wipro, Persistent, Cognizant, Accenture, etc. The number of multinationals in Pune is frequently on the rise, boosting the city’s employment rates.
As for educational institutions, Pune offers a rich legacy; from the University of Pune to Fergusson College to Symbiosis, from the ILS Law College to the Armed Forces Medical College, Pune probably has more world-class educational institutions per sq km than any other city in India!
These employment & educational options have brought steep demand in residential & commercial real estate. The property prices have been trending upwards steadily. An investment now would fetch you excellent returns in years to come.
Suggested Read: Areas in Pune with affordable flats
- Excellent Social/Civic Infrastructure & Excellent connectivity to Mumbai
In 2018, Pune was declared as the most habitable city in India by the Ministry of Housing and Urban Affairs. Earlier known as the retirement home, this sleepy town is a thriving metropolis now. It possesses excellent healthcare facilities, hospitals, and medical infrastructure as well.
Besides, Pune’s proximity and excellent connectivity to India’s commercial capital, Mumbai allures many home buyers.
Pune enjoys excellent civic and social infrastructure and the fact that it is included in the Smart City list in India augurs well for the city’s further development in years to come. A melting pot of cultures, Pune has been home to different sects: Jews, Parsis, Christians & Hindus. Pune enjoys a pretty good nightlife too.
- Attractive Weather/Tourist Hotspot
Pune offers an equitable climate all year round. You don’t even have to drive far out of Pune to get a break from city chaos – hill stations and weekend getaways are just an hour or two away (Lonavala, Wai, Mahabaleshwar, etc.). You will be able to view hills from almost anywhere in the city.
Residential flats in Pune offer world-class amenities to their residents-something that home-buyers in Mumbai, Bengaluru, and Gurugram cannot even dream of, given their affordable pricing. Besides, metro cities have much less land space to accommodate lavish amenities in residential projects. If at all they do, the projects have premium pricing.
These days people want more than just four walls and a parking slot in their apartment. Excellent ROI, employment opportunities, even climate all year round, and world-class projects- Pune offers you a range of residential projects to choose from. Book your abode now!