Not sure whether to buy any residence in Pune? Let us help you to solve your confusion.
For multiple reasons, Pune has always been one of the most preferred locations for real estate investors. The hidden potentials of the city have now started being discovered even by foreign investors. Real estate investors choose Pune without a second consideration due to its first-class location.
Some of the reasons you should not hesitate to invest in residential areas in Pune consist of good accessibility to major cities, urban luxuries and ongoing development projects in infrastructure.
Its flourishing IT sector, numerous industrial parks overflowing with MNCs and vast educational opportunities make it one of the most excellent choices.
Major resident areas have all the excellent amenities close to them. It has received the International attention of various high-end real estate projects like the World Trade Center, attracting the city. Keeping in mind its limitless potential, High ROI is expected in the Pune real estate sector.
1. Top-Class Healthcare Facilities
In India, Pune’s healthcare infrastructure is considered one of the best. Three major government hospitals of Pune are Dr Ambedkar Hospital, Budhrani Hospital, and Sassoon Hospital.
Aditya Birla Memorial Hospital, Sahyadri Hospital, and Ranka Hospital are some of the major private hospitals in the city. In Pune, Traditional medical care such as Ayurveda, Unani and Homeopathy are also widespread.
2. Enriched Education and Employment Prospects
Being a comparatively smaller city than other metros and after realising its true growth potential, Pune is now focusing on the education and IT sectors. There has been an increase in the development of real estate and possession of projects well-suited to mid and high-level investments in the areas mainly consisting of numerous corporates and schools. Luxury flats in Pune are one of the best options for long-term use and gain if your motive is to invest in property in India or want a suitable residential location for your family.
The most crucial role in boosting the rental market and overall property prices has been played by the favourable growth of the IT sector in Pune. IT professionals and students from different parts of India and abroad have flooded into the city.
Pune is home to over 110 MNCs and consists of some of India’s largest and most awestruck IT parks. The biggest IT park is the Rajiv Gandhi Infotech Park in Hinjewadi, which hosts major corporations like TCS, Infosys, Wipro, Cognizant, Persistent, Accenture, etc. The city’s employment rate frequently gets boosted by the rising influx of Multinationals in Pune.
3. Outstanding Social Infrastructure
The Ministry of Housing and Urban Affairs declared Pune the most habitable city in 2018. Earlier considered as the retirement home, this dull town is a stunning metropolitan city now.
Since Pune is now on the Smart City list in India, it is anticipated that there will be excellent civic and social infrastructure development in the future. Pune is a prospering centre of education with world-class Malls and enjoys a well-developed infrastructure. The younger crowd have high purchasing power in Pune, and the city has excellent nightlife there.
There has been a remarkable improvement in the area’s living quality far away from the centre of Pune due to the ongoing infrastructural development of the residential areas.
Due to these reasons, there has been a rise in demand for flats in Pune. You can get assured of steady returns over the coming years by tapping into this demanded residential area and investing in properties like Hadapsar.
4. Price Trends of the Property in Pune
Pune is considered a popular investment hotspot. Pune’s real estate scene is driven majorly by the speedy growth of the IT sector, varying demographics and a huge extent of organised retail. Due to the reasonable property prices in Mumbai, Pune is steadily becoming a favourite destination of investment amongst the Mumbaikars.
Some of the most dazzling projects the country has to show are displayed in this city. Due to its excellent development reason, it is now one of the most sought-after investment locations; there has been a significant rise in the prices of the property there.
Multiple affordable houses in Hadapsar Pune have varying price ranges and is the host to Pune’s first Real Township, Amanora Park Town.
5. Recreational Establishments
There is an equitable climate in Pune all year round. To get a break from the chaotic city life, you are not required to travel far out of Pune- hill stations and weekend gateways ( Lonavala, Wai, Mahabaleshwar, etc.) are only one or two drives away from the city.
You can see the hillside view can from any part of the city. Numerous gardens and parks in Pune provide a scenic landscape in Pune. For example, Chhatrapati Sambhajiraje Garden is a prominent garden located in Shivajinagar with an aquarium full of fishes from freshwater.
Due to the plenty of trees in the garden on walking and jogging trails, there is sufficient shade. In Koregaon Park Road, OshoTeerth Park is famous for its alluring streams of water and walking trails.
If your goal is to escape the stresses of daily life, then Pune can be the most suitable destination for you. Here, you are provided with a rare opportunity to fuse with nature.
In this city, there are several parks as well. Vetal Hill Trails, Empress Botanical Garden, Pune-Okayama Friendship Garden, and Pataleshwar Caves are some famous parks in Pune.
Conclusion
Pune’s real estate scene is incredibly driven by the sudden spurt of growth of IT and changing demographics. Residential real estate areas in Pune are far cheaper than nearby cities like Mumbai, and the deals offered are much better than those in terms of amenities, better projects, infrastructure, etc.
Within the same price, you can find cheaper and bigger houses in Pune compared to Mumbai. The range of apartments you can choose from in Pune is one of the best things there, as variety and low price are rarely seen together; you can buy any home without denting your pocket, from lavish luxury bungalows to modest houses.
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