Pune, one of India’s largest cities, is widely popular around the country for its pleasant weather, booming IT sector, and exhilarating nightlife. The way this city marries traditional Indian culture with modern urban lifestyle is a thing to behold. This is perhaps why many love to call this city their home while many others aspire to have a home of their own here someday.
The city is just brimming with opportunities. In fact, experts believe Pune has the potential to become India’s first fully realized smart city. Its towering potential can also be felt by the multitude of high-profile real-estate projects that are either complete or under-development today across several key locations of Pune.
As such, if there was ever an auspicious time to invest in Pune’s real estate market, that time would be now! One can hope to enjoy handsome returns on an investment like this.
That being said, let’s look at all the reasons that clarify why investing in a Property in Pune is a wise idea.
Let’s face it, the pandemic has devastated the working class of India. Employment rates were plummeting even before the pandemic began, Covid-19 simply accelerated that process. Unsurprisingly, Pune seems to be the least affected subject of this crisis. One can attribute that to its widespread IT parks that act as a refuge to some big names in the international corporate sector.
Pune is home to a number of globally recognized tech companies that pay impressive salaries to their talent. The city is ripe with employment opportunities. People seeking employment here can not only secure a decent paying job but also map out a long career with perpetual growth for themselves.
Places like Magarpatta, Hinjewadi, Khadadi, and Viman Nagar are witnessing a number of new fast-paced construction projects spearheaded by prominent real-estate developers like Ravima Projects that promise to further open a floodgate of new and exciting employment opportunities.
Pune is quite popular as an educational hub. Every year it attracts hundreds and thousands of students from all over India and the world at large. It harbors a slew of well-recognized prestigious institutions, each offering an unparalleled academic experience.
The colleges and universities of Pune abide by excellent standards of education, with courses and graduation programs being led by teachers and professors who are experts in their field. Aside from established institutions, construction is underway to accommodate a set of new national and international institutions in areas like Hinjewadi, Wakad, and Viman Nagar.
Affordable Property Rates
Despite a volatile real estate market, the property prices have managed to stay reasonable in the city. Some noted residential areas alongside the Magarpatta-Kharadi belt have also seen a sharp 8% fall in their prices.
Properties in other regions like Aundh and Kalyani Nagar have also experienced minor changes due to excessive supply last year as well. Suffice to say, affordable property rates are another great reason to invest in a Pune Property as soon as possible.
We’ve already talked in brief about the lucrative rewards awaiting those who are audacious enough to invest in Pune’s booming real-estate market. The payoff, of course, is high. A consistent capital appreciation is why many global investors are pouring in huge funds into properties in the city. The hope of higher returns is simply too good of an incentive to forfeit.
Future Smart City
With the development of multiple environmentally, socially, economically sustainable housing projects, Pune is well on its way to becoming a smart city. That day isn’t very far when the rise of such projects results in property prices skyrocketing across Pune. Moreover, regions like Baner and Aundh have completely transformed thanks to cutting-edge infrastructure development in these areas.
The Bottom Line
Pune has evolved considerably as a city while still maintaining the cultural roots that made it so unique in the first place. The constant development happening all around the city is a testament to its future potential. Pune’s real estate market is hot with opportunities, the benefits of which you can reap today by making your first investment in any of its many commercial and residential projects.
At Ravima Projects, we understand how daunting the prospect of investing in real estate can be. As such, we would like to put your mind at ease and act as your guide into the world of Pune’s prospering real-estate market. We at Ravima Projects are leading real-estate developers in India. With multiple high-profile commercial and residential projects under our belt, you can trust us to find you an investment that is guaranteed to earn you huge returns in the long run.