Heres why Pune is regarded as the best in Real Estate Investment.
Pune is the city full of hustle-bustle spreading in the western part of Maharashtra state. The largest IT hub is the most preferred commercial destination in this city.
As the city is growing in commercial industries, more professional moving in for career opportunities which also helps to increases the investment in the residential project as well. This shows that Pune is the best in Real Estate Investment.
The city offers affordable priced residential properties of 1 & 2BHK starting from 40 lakhs. Due to the minimal supply of high-end properties this creates good demand in the market in the last 3 years.
Hinjewadi, Wakad, Pimpri and Hadapsar are the areas which show lots of new projects launch in the past few years on the high hopes of IT development and infra. Rajiv Gandhi Infotech Park and Kharadi-Magarpatta belt is one of them.
Pune now becomes most renown educational, cultural and IT hub of India which entice ample of students, professionals and investors.
It is often referred to as paradise of serenity due to its tranquil climate and greenery. The city is also surrounded by Sahyadri hills which gives the divine aura of nature to the nearby residents.
The city hosts some phenomenal keypoints which gives a high return on investment due to growth accelerators like:
- Educational Institutions
- Army Base
- IT hub
- Magnificient social culture
- Automotive hub
- Proximity to Mumbai
High demand real estate investment sites in Pune which is backed by high growth in the future.
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The location is popularly known as IT hub of Pune is a north-western suburb of Pune situated at Dehu-Katraj bypass. The largest IT hub which offers numerous investment options.
Hinjewadi connects to Bengaluru, Mumbai and other areas of Pune via Mumbai Pune expressway and Pune-Banglore Bypass.
Metro route extended between Hinjewadi and Shivaji Nagar and also proposed to connect MIDC, PCMC and PMC.
Core areas of Hinjewadi are Quadron Business Park, Embassy Techzone, Rajiv Gandhi IT Park. This shows Pune-Best in real estate investment for the investor.
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Kharadi is surrounded by lush green landscapes and the Mula-Mutha River. It is located in the eastern part of Maharashtra. Kharadi is the new IT hub of Pune and spreading rapidly which includes retail, hospitality, education and ITes.
It connects the many key locations such as Viman Nagar, Wagholi, Mudhwa, Kalyani Nagar, Hadapsar and Koregaon Park. It shares the connectivity to prime localities Mudhwa Road, Pune- Ahmednagar highway, Fountain road, and Grant road.
The metro project is on-going which connects Vanaz in Kothrud to Ramwadi near Kharadi. It connects the many key locations such as Viman Nagar, Wagholi, Mudhwa, Kalyani Nagar, Hadapsar and Koregaon Park.
It shares the connectivity to prime localities Mudhwa Road, Pune-Ahmednagar highway, Fountain road, and Grant road. The metro project is on-going which connects Vanaz in Kothrud to Ramwadi near Kharadi.
The most renown names in Kharadi is World trade centres, EON IT Park, Kharadi IT Park, Magarpatta Cybercity and Cerebrum IT park.
Baner is situated on the western part of Pune and has developed into the most promising real estate hotspot. It is well connected to neighbouring localities via Mumbai- Banglore highway and Baner road. The expressway runs the Katraj-Dehu bypass (NH 4) next to the locality.
As per the historic data, the real estate in Baner has provided a good return on investments with the prices ranges from Rs 5600/sq.ft.in 2014 to Rs 7000/ sq.ft. in 2019.
This creates a good market for investment and this shows Pune-Best in Real Estate Investment.
Real Estate Industry in Pune is growing rapidly and numerous builders showcase meticulous property which results in the high growth rate of real estate investment.