Its close proximity to Mumbai, thriving educational institutions, growing employment opportunities, quaint localities and a pleasant weather all year round are some of the biggest factors that attract commercial and residential real estate buyers to Pune. In recent years, Pune has become a favoured real estate investment destination.
1.Increased Employment Opportunities
Pune city is influx of engineering, automobile, education and IT industries, the city is thriving with abundant employment opportunities. Thousands of students and job aspirants flock the city every year to build a career and reap the benefits of huge employment opportunities that the city offers. Due to this, residential areas like Hinjewadi, Marunji Road and Kharadi have seen a positive demand in under construction and ready to move apartments due to their close proximity to IT and ITes companies.
2.Devlopment
Pune has developed immensely in the past decade. It is gaining recognition as one of the biggest IT hubs of India. Thus, it is growing quickly and along with it, the real estate market is also booming. This is because, several people are flocking to Pune to take advantage of the abundant job opportunities at well known companies. As more and more people migrate to Pune, the value of real estate will also steadily rise.
3.A Powerful Knowledge Hub
With a number of nationally and internationally accredited schools and colleges, Pune is considered as the knowledge hub of India. It’s well renowned educational institutions not only attract hundreds of thousands of students to the city every year, they also make Pune a favorable destination for big multinational companies and industrial units. This has a huge impetus on the real estate market as well.
4.Steady ROI
While most cities have seen a slowdown in property appreciation rates in the last few years, real estate sector in Pune has been able to maintain its momentum. Even today, the city promises to offer profitable returns on investment and a steady growth in realty rates in the years to come.
5.Amazing Social Infrastructure
In the past few years, Pune has not only developed rapidly, it has also expanded its boundaries. The city has taken a number of citizen-led initiatives to improve its public infrastructure – rail, road, and air – as well as basic utilities like water supply and drainage. The city is well connected to all major cities in India and is geared towards building smart mobility products that can effectively meet the growing demands of its urban population. The city has a wealth of open public spaces, like parks, playgrounds, gardens, as well as large malls and multiplexes, which have increased the overall living standards of Pune.