Pune is the second largest city in the state of Maharashtra, also considered as the state’s cultural capital. Pune is now a great cosmopolitan city emerging as a shining spot for real estate investments. Investors consider the city as one of the most viable and lucrative places for investing in residential reality spaces.
Pune has experienced a rapid growth in real estate since last decade which has proved that Pune is one of the most favorable cities worth investing in property. The most efficient reasons to invest in property in Pune are:
Property rates in Pune have fallen by 8% in the last few years. Kharadi, Hinjewadi, Sinhagad Road, Magarpatta City, Kalyani Nagar, Viman Nagar and many more areas in Pune have experienced a fall in rates in terms of property.
The city of Pune is considered as an educational hub of the state with a number of prestigious schools and universities. The accelerating phase of a number of residential projects and integrated townships being built has resulted in increased growth of employment especially in IT sector.
Considerable Return On Investment:
The steady capital appreciation even for resale property in Pune over the years is attracting global investors. Few areas in the city like Hinjewadi are experiencing growth in terms of price appreciation.
Considerable growth in peripheral areas of the city such M.G.Road, Koregaon Park, Bund Garden etc has led to a marked improvement in the city’s physical infrastructure. Even outer areas like Pashan, Wakad, and Aundh among few others have good infrastructure leading to an increased demand for flats and apartments in Pune.
Smart City Model:
The city of Pune is a live example of Smart City Model of development being promoted by the Indian government in the planning of residential projects that are economical, socially and environmentally sustainable. Investing in Smart City Project like the Amanora Park Town is further accelerating the property prices in Pune.