Why Should invest into properties in Pune-East than Pune-West?
Pune, a second largest city of Maharashtra, provides wide range of property options in each of its locality as a city has grown in all directions. Pune’s development and its handsome investment returns attracts NRIs to park their earnings into city’s real estate market. However, returns from investment are depends in which locality you park your amount. Eastern pune is the most preferred locality into investors rather than Western Pune. So the question is, what are the reasons to invest into properties in Pune-East than Pune West?
There are two major Part of the Pune’s Realty market that are Pune East and Pune West. These part of Pune has most affected and influenced localities in real estate market of Pune.
If you are planning to invest your earnings into Pune’s realty market, this blog will help you to find the reasons invest into properties in Pune-East rather than Pune West.
Both the localities are growing and developing rapidly, as Pune East has lots of ready to move units for sale and it is very close to city centre known as an entertainment hub. On Western side, Pune has proposed Metro line, better planned roads and wide options of new residential projects. However, there are many factors that turns investors’ preference from Pune west to Pune East.
Affordability is main concern for every home buyer. In case of properties in Pune West, there is huge number of projects in under construction stage of mid range cost. According to survey, localities in western Pune like Hinjewadi, Wakad, Baner, etc. shows saturation point in real estate market in 2014.
In the year between 2013-2014, western Pune has developed in every aspect like infrastructure, roads, etc. It has directly affect on realty market.
This leads to change the preference of investors from Pune-west to Pune-East as it has a developing localities and more appreciation rate.
Rate of Appreciation:-
Pune East has been enjoying rapid development in terms of infrastructural factors like social infrastructure, educational infrastructure etc. As Pune-west has reaching saturation point in property market, investors and home buyers searching for peripherals areas for investment. This is main reason why Construction activity in Pune-West has gained momentum.
Apart from this, strategic location on Pune-Nagar road and good connectivity with airport, Bund Garden, etc make it easily accessible. This leads to increase rate of appreciation in this locality.
Connectivity and Infrastructural Facilities:-
A decade ago, Eastern Pune is very far away from every development aspect. On that time, Pune west was a most preferred location for investors as there was a growth.
But on saturation point of Western Pune, Eastern Pune take its grip and developing rapidly. Its strategic location on Pune- Nagar road and nearness to airport, IT Hub, Bund Garden etc make it easily accessible attract home buyers to invest within it.
Also, Eastern Pune is a witnessed of social infrastructural development in localities in last two to three years as it has a number of malls, shopping centres, hotels and multiplexes in its vicinity.
Apart from this, many educational institutes are already taken place like Sharad Pawar International School, Netaji Subhash Chandra Boys Military School, Jyotirmay International School, Lexicon International School, Dhole Patil College of Engineering, GH Raisoni College of Engineering and Technology, Moze College of Engineering, JSPM Imperial College of Engineering and Research, etc.
Currently, Pune is most preferred location for NRIs also, who wants to park their amount in home country. Pune property offers lot of options specifically for an investment purpose as it has many localities which are playing well in real estate market in Pune. Some of most preferred localities and project in Pune East which are currently on floor are:
Wagholi: Currenlty, Wagholi play with number one rank in Pune property market as it has many opprtunities for investment in property. In wagholi, many projects of reputed builders are going on like, Nyati Elan, Kolte Patil’s Ivy Estate, Marvel Fria, Mantra Majestique City etc.
Kharadi: Due to a vast expansion in Kharadi, it is especially know for its offering of Luxury. To purchase property in this locality, it takes lots of perks as it is close to the airport and central areas such a Koregaon Park, Magarpatta, Kalyani Nagar, etc. It has lot of optins in both ready and under construction Luxury properties like, Kolte Patil’s Downtown, Mantri Vantage, Gera’s Trinity Towers, Panchshil Towers, Vascon Forest County etc.
Undri: Undri, situated in south-east as suburbs of Pune, gives the great investment opportunities in Residential Properties. NIBM Annex, Undri enjoys proximity to well developed residential areas such as, Pune Camp, Fatima Nagar and Lulla Nagar. This locality offers you luxury as well as affordable projects like, Majestique IRA, Kolte Patil’s 24K, Urban Homes, Godrej Horizon etc.
Hadapsar: Hadapsar is one of the big IT and Industrial hub of Pune as many big brands have already put their steps in this locality. The companies such as Honeywell, Bharat Forge, Kirloskars,as well as IT companies like IBM, Accentures are also situated here. This is main reasons why Hadapsar is one of the favorable locality of every investors. It offers you properties of reputed builders like, Kumar properties, Marvel Realtors etc.
So, If you want to buy a property in Pune East, there are so many options are available in eastern Pune localities. It serves you not only luxurious but also affordable or budget properties with good appreciation rate.