Pune is an important metropolitan city in Maharashtra. It is one of the largest cities in Maharashtra and is often referred to as the state's cultural capital. Pune is well-known for its pleasant weather and well-connected roads, making it easy to get around the whole city without any hassle. The infrastructure has significantly improved and has paved the way for lucrative opportunities for property investments in Pune. The steady growth in flagship infrastructure, such as the Pune Metro connecting the Bhosari industrial belt to the rest of the city, has spiked real estate development in Pune. However, that is only the tip of the iceberg. Let’s look at why Pune is a lucrative real estate investment option.
Pune has a rapidly developing infrastructure. The city’s corporate and commercial infrastructure is in line with the developments in real estate trends, such as hybrid workspaces, digitisation, etc. Many prominent residential projects are being conceived across major areas of Pune to accommodate the growing demands and population. The Chakan Industrial Park project is an addition that will further improve Pune’s infrastructure and accommodate its increasing commercial capacity for its growing population.
Every part of Pune is strategically connected via air, road, and railways. Pune City’s primary transport mode is its vast road network. The Mumbai-Pune Highway is an important part of the city, as it is integral for ease of accessibility. The addition of the Pune Metro line has further helped make transport more affordable and convenient.
Pune is a major IT hub. Cybercity Magarpatta, ICC Towers, and Rajiv Gandhi Infotech Park at Hinjewadi are some of the places from where many MNCs run their operations. Moreover, the Bhosari Industrial Belt, Shivaji Nagar, and Koregaon Park are the main places of business in Pune. The Baner and Pashan Roads constitute the automotive hub, housing the Automotive Research Association of India (ARAI) in Pune. So, the growing employment opportunities in this city attract talent from all across India. This is a significant reason for the rise in real estate development in Pune. The lucrative and sustainable lifestyle of Pune is encouraging a rising number of job aspirants to invest in Pune’s real estate.
Good Educational Institutes
Pune has some of the most renowned colleges, such as Symbiosis Law School, International School of Business and Media, Armed Forces Medical College, etc. These colleges attract students from all across India and nurture them to become leaders in their respective fields.
Read Also : Top 5 Reasons Why You Must Invest in Pune
Pune is the cultural capital of Maharashtra since major historical events such as the Mughal-Maratha Wars and the Anglo-Maratha Wars have their roots in this city. This makes Pune an important tourist place. It is famous for historical landmarks, such as the Lal Mahal, the Kasba Ganapati temple, and Shaniwar Wada. Pataleshwar Caves, Sinhagad Fort, Shaniwar Wada, Aga Khan Palace, Khadakwasla Dam, German Bakery, and Kayani Bakery are some of the top tourist spots in Pune that account for major cash inflow in commercial establishments. The frequent visits by foreigners make commercial real estate investment in establishments, such as hotels, malls, shops, restaurants, bars, etc., quite lucrative.
Residential apartments in Pune have seen a considerable increase in property rates in areas such as Kharadi, Wagoli, Hinjewadi, and Pimpri-Chinchwad. Popular neighbourhoods in Pune, such as Koregaon Park, have seen a rise of 50.3% in total property appreciation since 2021. This gives a broad reference point for understanding how investing in Pune will yield a better rate of return on property once the infrastructure improves even more. The prospects of the rate of appreciation are high in these areas, given their strategic location with seamless connectivity. The employment opportunities are immense in these areas since they are nearby IT parks and business centres. These reasons add on to make areas such as Koregaon Park, Kharadi, Wagoli, Hinjewadi, and Pimpri-Chinchwad an investment avenue with higher returns on investment.
If you want to invest in luxury homes in Pune, Adani’s Atelier Greens is a good option. It is located in Pune’s affluent neighbourhood, Koregaon Park, NX, nestled in the greenest pocket of the city. The signature architecture of Atelier Greens incorporates vertical gardens, which add to the beauty and sustainable approach of the project.
Atelier Greens offers iconic flats in Pune with more than 20 amenities. This includes a fully equipped gymnasium, steam/sauna room, yoga area, kids’ play area, multipurpose hall, banquet hall, two clubhouses, 20-seater theatre room, reflexology path, open amphitheatre, nature walk trails, and a lot more. So, come and acquaint yourself with the vibrance of this neighbourhood, which has the essence of nature and luxury.
Haryana RERA is a regulatory authority established under the RERA Act for promoting and regulating real estate in Haryana. RERA falls under the jurisdiction of two independent authorities, Panchkula and Gurugram, in Haryana. Here is all you should know about HRERA before buying a home or any property.
How to check RERA Maharashtra (MahaRERA) registered projects details? You must know about MahaRERA guidelines and RERA registered projects if you are planning to buy a house in Maharashtra. Here are some points to consider before making your investment.
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