Reasons to Invest in Real Estate in Pune
Jun 21, 2023Pune Real Estate

Reasons to Invest in Real Estate in Pune

by Godrej Properties Limited

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Pune is one of India's fastest-developing smart cities. It has the distinction of being the country's most liveable city. With over 811 colleges and famous educational institutions, it is dubbed the "Oxford of the East." 

Pune became a magnet for students, particularly in the field of computer technology, throughout the 1990s, spurring a technological revolution in the city. Furthermore, Pune's IT sector contributes 30% of Maharashtra's IT exports. Today we'll learn what makes this city a real estate hotspot for investors and homebuyers.

Reasons to Invest in Real Estate in Pune

The financial and economic growth has contributed to the attractiveness of Pune real estate investment. Pune's real estate market has witnessed substantial market value growth, driven by ongoing development and increased population resulting from the expansion of manufacturing and technology sectors.

While real estate in Pune faced challenges in 2017, causing stagnation or a decrease in appreciation values, it is expected to rise steadily in the coming years, especially in areas with prominent job growth and construction. 

What is the best thing about living in Pune?

One of the best features of Pune is its weather. While many Indian cities are experiencing intense heat waves, Pune appears to have effectively managed the effects of climate change. The city enjoys favourable weather year-round, with tolerable summers and delightful winters. However, it is the monsoon season that Punekars take pride in. The abundance of mountains and greenery surrounding Pune ensures a pleasant climate, neither too hot nor too cold, making it enjoyable throughout the year. 

Moreover, Pune offers a favourable lifestyle with diverse job opportunities. Over the years, the city has emerged as a thriving IT and education hub, creating job opportunities and thus attracting real estate investment in Pune. The rise in real estate prices is accompanied by the development of projects suited for mid and high-level investments in areas with several corporations and educational institutions.

First-time home buyers, find out why Pune is worth the investment

Pune provides various options for home buyers, along with infrastructure development and upcoming projects. Pune's suburbs have witnessed infrastructure improvements, enhancing living conditions in areas farther from the city centre and increasing demand for apartments. The city's real estate market caters to different budget ranges, offering both affordable and upscale projects. The demand for township housing has increased, with developments like Amanora Park Town offering a range of amenities and pricing options.

Moreover, Pune follows the Smart City development paradigm, incorporating economic, social, and environmental elements in residential complexes. 
 

Frequently asked questions

1. Why is Pune good for real estate investment?

Ans: Despite being the second largest city in Maharashtra, Pune offers relatively affordable property rates compared to Mumbai. Real estate prices in Pune make it one of the best cities for investments. The city is witnessing the development of numerous residential and commercial projects that cater to the budget of salaried individuals as well. This presents a favourable opportunity for those seeking real estate options in Pune without straining their finances.

2. Which city is best for property investment in Maharashtra?

Ans: Property investment in Pune can be considered one of the best in Maharashtra. This is owing to its cosmopolitan atmosphere and scenic landscape. Also, the city has experienced significant growth and development, making it an ideal choice for investing in residential properties. Pune's excellent infrastructure also contributes to its appeal, providing a solid foundation for residents. 

3. Is it a good time to buy property in Pune?

Ans: Considering all the above-mentioned factors, it can be said that it is a great time to invest in property in Pune. The city's financial development, lifestyle benefits, career prospects, infrastructural improvement, and variety of housing alternatives are just a few of the factors that make it appealing for real estate investment. So, if you are planning to buy property in Pune, right now is probably the best time!

For those wondering, "Is real estate a good investment?" the key lies in identifying the ideal location for your investment!

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