Pune has witnessed a tremendous increase in real estate demand for a few years. Investors, buyers, and developers are keen on Pune's residential market development. The city's properties offer value for money over.
Pune’s growing cosmopolitan culture backed by improved infrastructure, increased and better connectivity, corporate offices of MNCs, and IT or tech parks have increased its popularity.
Pune's pleasant climate, famous educational institutions, and spacious flats have raised demand. Pune’s demand for houses has grown by 4.2% on QoQ, according to the report from Oct-Dec 2022.
Undoubtedly, the city is an ideal place to settle in. Let us explore the reasons why everyone wants to buy flats in Pune.
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Employment Opportunities
Pune has become the IT hub, with an increasing number of IT and ITes companies having offices here. The city is now home to several manufacturing companies also. Real estate in the areas near corporate offices and schools is witnessing a demand.
An increasing number of companies have made it a favorite destination for job seekers. It has raised the development of new projects by well-known developers around various IT parks in Pune. So, property in Pune is now well suited to mid and high-level investments.
Baner Road and Kalyani Nagar have shown an increase in flat demand by 3.80% and 3.67%, respectively, in October – December 2022. It is due to the proximity to key employment hubs in Pune.
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Education
Pune is the home of well-known universities. The city has several schools and colleges that raise the bar of the education system here. Symbiosis University, Armed Forces Medical College, and Flame University attract students from India.
It has raised the rental income of investors in the city. So, investors look for a 1 bhk flat for sale in Pune in the areas nearby the educational institutions. Investors buy flats in Pune to earn a good amount of rent.
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Smart City Model
Pune is currently undergoing a lot of infrastructural development to increase the standard or quality of living. Pune is modeled as a Smart City under which residential projects are planned to make them socially, economically, and environmentally sustainable.
Pune's infrastructure development also includes better connectivity and the Metro. It has enhanced the convenience of people traveling for work.
The developed infrastructure has motivated Pune’s working population to look for a 2 bhk flat for sale in Pune with spacious rooms and an urban lifestyle.
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High ROI
The market value of properties in some areas of Pune has increased tremendously in recent years. It is mainly attributed to the city’s developing infrastructure and rise of corporate offices of MNCs.
Investing in areas like Hinjewadi, Wagoli, and Kharadi will be profitable as property rates rise here. Their strategic location near IT parks, good connectivity, shopping centers, and schools nearby attract home seekers.
Making an intelligent choice by investors willing to buy flats in Pune will yield a high return on investment.
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Good Connectivity
Pune’s prime transport mode is the vast road network. The Mumbai-Pune Highway is an integral part of the city’s infrastructure, making accessibility easy. Pune is very well connected through roads, air, and railways.
The Pune Metro line is an asset to the city's infrastructure, enhancing connectivity. The city bus operated by PMPL enables convenient travel across the city. You can easily travel for work without hassles.
Good connectivity directly contributes to the high rates of Pune’s residential real estate prices.
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Luxurious Lifestyle
Pune offers a blend of various cultures. It offers a range of homes for people for all classes. You will find affordable 1bhk, 2bhk, and 3bhk flats in Pune. An excellent industrial base and high-paying jobs have increased developers to come up with luxury projects.
Most projects in Pune's outskirts will have spacious apartments or flats with almost all modern amenities at affordable rates. Those seeking to buy flats in Pune will enjoy no less than a luxurious lifestyle in Pune.
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Nearby Tourist Destinations
Pune has pleasant weather and beautiful spots nearby to explore. Khandala and Lonavala are among the favorite hangouts of Pune people. The city has some fantastic tourist destinations nearby.
Pune is famous for historical landmarks like Shaniwar Wada and the Lal Mahal. Sinhagad Fort, Aga Khan Palace, and German Bakery are spots that bring in cash inflow.
Conclusion
Many big developers like Nirman Developers, Adani Realty, and Godrej are launching new projects in the suburbs of Pune. The developers promise to offer spacious flats with multiple amenities. Living amidst lush greenery with excellent connectivity in Pune will serve you well.
You can check out the fantastic residential properties if you want to buy flats in Pune. You will get multiple affordable options based on your budget and requirements.
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