Pune is known as the cultural capital of Maharastra. It is also home to major IT and automotive industries, and it is an educational hub. Pune is known for its pleasant weather and comfortable life. The pace of projects in Pune is growing every year creating employment opportunities on a large scale, especially in the IT and related sectors. The government is taking special efforts to develop the local infrastructure creating new markets for real estate development.
All these factors make Pune an ideal investment destination:
Strong Economic Growth
IT, manufacturing, automotive and other industries are investing on a major scale in Pune boosting the economy of the city. These developments directly impact the real estate industry as the demand for residential and commercial properties increases. The growing population of skilled workers immigrating to Pune and their need for housing make Pune a lucrative investment option.
The rapid infrastructure development in Pune has improved the connectivity of remote locations to the city center. The development of better roads, a metro railway network, and public transport have improved mobility within the city. New markets for real estate are created with such development creating new residential projects in Pune.
Education and Employment
Pune has many educational universities and institutes offering diverse career options. Students from all over the country come to Pune to get trained and look for employment after getting the requisite skills. The city is seen as an important destination by working professionals as it provides both, education and employment. This is a major reason that most builders in Pune are taking advantage of building residential projects to meet the demand for housing.
In the past decade, Pune has seen the highest market value growth in the real estate industry amongst major metropolises in the country. The number of projects is steadily increasing in new micro markets where new SEZs have come up. With better infrastructure and recreational facilities, these areas also saw an appreciation in the net value of residential projects in Pune. These factors allow more options for investors who want to make the most of the growing opportunity.
The real estate sector in Pune offers a diverse range of investors. From affordable housing to premium properties, investors can pick and choose properties. They can pick and choose properties to create a portfolio to maximize returns on investment. The trend for townships is showing strong growth in the city with builders developing 2 and 3 BHK luxury flats in Pune.