Property Investment in Pune
Pune, located around 150 kilometers from Mumbai, has emerged as a shining star from the state of Maharashtra. Pune has always been known as the educational capital of India. There are so many reasons that make the young generations want to live in, may be the infrastructure, financial opportunities, excellent educational institutes, constantly upgrading physical infrastructure and most importantly the climate of Pune. It is becoming the fastest growing IT hub in India it leads to attract the people to settle down. And also its proximity to Mumbai, the financial capital, makes it very convenient for the same. So, property investment in Pune is lucrative to all the investor and will be the best decision for every investors.
Real Estate Market in Pune:
Pune plays a precarious role in the real estate sector of Maharashtra and the country at large. The demand for residential projects has increased enormously driven mostly by the end-user segment. Pune has growing rapidly in the realty sector due to the IT parks in Pune are concentrated and getting spread in the different directions. The nearby small villages that were usually out of the city are merging into the city and developing like city. Local as well as far away investors are taking acute interest in such properties due its cost advantage. The real estate Pune has broken all previous record of growth and almost touched the skyline. Real estate developers see substantial growth opportunities in the residential segment as the annual requirement of houses in Pune is estimated to remain in the range of 45,000-55,000 per year over the next couple of years.
Many new projects, commercial complexes, multiplexes, gated communities; Township and constructions with excellent designs have come up in Pune and are still coming-up in large numbers. Builders have delivered projects after keeping in mind the needs and demands of the potential buyers. Pune offers an indemnity for obtaining good returns on Property investment.
Opportunities for Property Investment in Pune:
Pune’s Realty market gives you a lot of options while choosing for location in possibly all directions, it gives you budget choice as well as you have options in choosing a property in a location in different budgets. Here you can get extra luxurious condos with rich pricing along with standard property with a little budget too. Township or the gated community is the best option for those who wants to making good asset for future with all the luxurious amenities within the budget. There are so many township which have fulfill all the requirement of the end users as well as the investors, like Amanora Township in Hadapsar through which the investors got the push, Life republic is another township that has come up in Hinjewadi with its unbelievable plans of future towers, Blue Ridge Township is almost near completion by Paranjape’s in Hinjewadi. There may be another best opportunity for the inventors in Pre-Launch project that is Kondhwa Katraj Pre-Launch by Kolte Patil through which the investors can get the best ROI.
Some of the hottest real estate markets in Pune are in Baner, Balewadi, Viman Nagar and Kharadi. These are the most sought after localities by both investors and developers. The outer edge of the city areas such as Moshi, Chakan, Undri and Wagholi are also very promising as they are the major industrial belts. Any automobile company which is in India surely has one of its manufacturing units in Pune such as GM, Maruti, Mercedes, Volkswagen, Mahindra, etc. As per the analysis, the localities which have observed maximum rise in property values in the last one year are Hinjewadi, Bavdhan, Pimple Saudagar, Kharadi and Wakad. The values in these localities have gone up by almost 19-21 per cent in this period. Hinjewadi in the West and Kharadi and Viman Nagar in the East have been major contributors for the residential demand in the nearby areas.
The demand of the property is still good and It will continue because the economic development of city is also taking place in high essence even after the world has seen some recession period. Hence, the ratio of expat Indians in the Pune realty market is only set to grow.Google+ image
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