Posted on 31st July 2018 Author: Planet Homes
Ever since globalization hit Pune in the early 90s, it has been ahead of the time; be it education, technology or growing IT industries. With the increase in commercial industries, IT parks and MNCs, Pune is definitely becoming an ideal and extensively preferred residential as well as commercial hub. In the last couple of years, Pune has proved itself to be a profitable real estate investment market with its constant growth and development. Let’s look at the few reasons why real estate is booming in Pune.
Pune’s real estate prices are less as compared to the other urban cities. In recent times, Pune has been considered a safe option for both commercial as well as residential investments, especially for those who are reluctant to invest high risk investments. Pune real estate prices are increasing and will definitely reach a great high in the coming years. Areas like Baner, Magarpatta City, Chinchwad, Koregaon Park are in high demand amongst buyers. So this time is the best time to invest if you’re planning to invest in the Pune’s real estate.
Pune is highly advanced when it comes to road infrastructure and connectivity. People prefer investing in areas like Aundh, Baner, Pashan and Wakad as it is very well connected to the all central areas of Pune. These areas are also connected to the industrial areas, IT parks and major educational institutes like Pune University, Symbiosis etc.
With increasing commercialization and population in Pune, the demand for the residential and commercial properties will reach its peak in the coming years. This will lead to an increase in the rate of appreciation on the properties. An investment today will definitely give good returns within the next few years.
Pune has high rates of employment opportunities. It has become a favorite city for those who are looking for new career chances in the big cities. With the blessing of being an educational hub of Maharashtra, Pune has jobs for everyone in every sector. Areas like Kharadi, Kalyani Nagar, Aundh, Baner and Hinjewadi has a plethora of commercial companies, with further developments in the pipeline.
Pune is considered to be one of the cities India, with rich historical heritage. And with the increasing commercialization, Pune is becoming up-to-date with its social infrastructure. Regions like Pashan, Wakad, Aundh, Baner, Bund Garden, M.G. Road, Koregaon Park etc. have affluent and well planned social infrastructure which automatically leads to increase in demand for real estate.