Pune is a buzzing metropolis which is gaining more traction by home seekers because of its booming education and employment sectors. Another primary reason why Pune real estate is such an attractive property investment destination is its proximity to Mumbai. You can find plenty of premium residential projects in all budget categories – affordable housing, mid-income housing and super-luxury category.
If you are looking to invest in Pune real estate, you can consider excellent projects such as VTP Blue Waters.
This article lists down top reasons why purchasing a Pune real estate can be a profitable investment.
Most Liveable City in India
In 2018, Pune was ranked first in the list of most livable cities in India as per the Ease of Living Index released by the Ministry of Housing and Urban Affairs. The result was based on the survey of a total of 111 cities assessed on fifteen different parameters. Pune finished in the first ten in nine categories. With several employment opportunities in the IT and tech hubs of the city, the demand for residential properties continues to be on the rise.
There has been a significant improvement in the infrastructure within the city due to the growth in the number of peripheral areas. Initially, only limited areas such as M.G. Road, Bund Garden, Koregaon Park and Deccan featured among the most desirable neighborhoods in Pune. But now, outer regions such as Baner, Pashan, Wakad, Aundh, among a few others are moving towards good infrastructure and gaining more attention.
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Fast-Track Pune Metro
The property rates in Pune are likely to experience value appreciation because of upcoming projects in the city. The third phase of the Pune metro between Hinjewadi and Shivajinagar has been categorized as a ‘vital project’ by the state government. Some other vital projects in the pipeline include Swargate – Katraj metro, revamp of smaller roads and Bus Rapid Transit System (BRTS) along the Pune – Mumbai Highway. These projects will provide easy access to all the central areas within the city.
IT Park Development
Pune Municipal Corporation has given its approval for new IT parks in Aundh, Kharadi and Baner. This can approximately generate 1 lakh square feet of IT space in the city. Nearby localities such as Pashan, Vishrantwadi and Wakad are likely to benefit immensely from upcoming developments. The housing demand is expected to rise due to the increase in job opportunities offered by the IT hub.
Pune has excellent schools, colleges and educational institutions like Symbiosis International, International School of Business and Media, Sinhgad College of Engineering among others. The educational programs offered by these institutes are considered among the best in the nation and draw several students to the city. This has led to the development of social infrastructure in these areas. Leading developers are also launching township projects on the outskirts of prime locations to meet the growing demand for residential housing.
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Over the years, Pune has emerged as one of the most livable cities to live in. Residential properties in the city have managed to maintain their momentum despite a challenging economic environment. Areas that were considered as ‘outskirts’ have now transformed into thriving localities with new options for home seekers. The relatively lower cost of living compared to metros make Pune an excellent choice to live in.
If you are looking to purchase villas in Pune like VTP Blue Waters and need financial assistance, you can avail a home loan from Bajaj Housing Finance Limited. It offers home loans on easy EMIs up to Rs. 3.5 crores.