Pune is one of the quickest developing urban communities in India. Pune’s consistent commercial (IT/ITeS hubs, CBDs, SEZs) and infrastructure expansion encouraged domestic and international investors. Offering a host of academic opportunities too, this is the best time to put your resources into Pune real estate. This metropolitan city now has a great demand for plots, apartments, commercial buildings, etc.
Pune real estate gives more than one reason to bet your money on. Let us explore why.
Best time to buy real estate in Pune-Why?
-
Infrastructure development
Over the years, client sentiment in Pune’s real estate market has improved as a result of several infrastructure upgrades. The city is undergoing massive infrastructure developments. Modern buildings, the laying of new roads, and huge changes in transportation systems are taking place. This improves the connectivity within the city. This is good news not just for the residents of the city, but also for the real estate enthusiasts.
Residential development on the outskirts has been spurred by primary growth drivers such as the expansion of the road network, enhanced intra-city connectivity, and the new upcoming airport.
Pune realtors have already recognized the significance of various upcoming initiatives, such as the Pune Metro Rail and another projected airport in the Purandar area, which may draw even more investors and end-users in the years ahead.
Click here - How to Pick the Best property to Invest in Real Estate in Pune
-
Smart city
The Smart City concept was introduced by the government of India in the year 2018. Pune is a great example of a smart city. One of the main mottos behind smart cities is to create economic, social, and sustainable residential spaces.
Pune aspires to create a model neighborhood of livability and sustainability that meets global standards within the hand-picked native spaces (Aundh-Baner-Balewadi – ABB) as well as New Kalyani Nagar, Hadapsar, Viman Nagar, and Airport Road.
This huge development in the city will ultimately impact real estate. There will be a good hike in the value of the properties in the city.
-
Employment
Pune is an employment and academic destination in India. It is one of the fastest-growing IT hubs in India. People across the country are moving to Pune in search of employment. Not just for employment, students across the country move to the city to pursue their degrees, master’s, etc. Pune is home to more than a hundred globally recognized companies and academic institutions.
The steep demand for more housing & commercial projects comes from the migrant population in the city who have come thus far in search of work or study. There is a need for housing for all ranges. Depending on your budget you may invest in a small or a big home. Every home will fetch you good rentals.
-
Good rentals
Given that the city offers no dearth of employment and academic opportunities, there is a good demand for residential and commercial spaces. So, if you invest in residential spaces, you can get a good second income in the form of rent.
-
Property Price Appreciation
Given the development in the city, Pune still offers more affordable options for home buying. There has been a steady capital appreciation on properties. You can invest now and fetch higher prices in the future.
Know more - Why property prices are rising in India – all you need to know
Future of real estate in Pune
Post the pandemic, the real estate market of Pune is now growing at a fast pace. This city offers more than one can imagine. Numerous infrastructural and social facelifts are happening within the city. The development of tourism and the conversion of Pune into a smart city also impacts the real estate market. In coming years that there will be a significant increase in the appreciation prices of the properties.
One of the best investment ideas in today’s scenario would be to invest in Pune real estate. Invest today!