Top Five Reasons To Buy A Home In Pune

Pune is expanding rapidly. New projects from renowned developers are becoming a common sight.

But why?

Because the city is increasingly favoured by millennials especially, to settle in for a high-quality lifestyle.

Today, let's shine the spotlight on Pune turning into a great investment avenue for investors and homebuyers.

What makes Pune a desirable real estate destination:

The real estate of any city hinges on what it has to offer to its dwellers. And in Pune's case, there's a lot. But before we get there, let's begin with demand and supply dynamics.

1 - Thriving Economy & Demand

Pune recorded over 45,000 units sold between January and June 2023, making it India's fastest-growing real estate market among metros. This is significantly up from 2019 when 32,250 housing units were sold between January and June. 

A major force driving that demand is its transition into the country's central IT hub, employing over half a million professionals. The Rajiv Gandhi Infotech Park in Hinjewadi alone is home to over 800 IT companies (large and small) spread across a whopping 2,800 acres (11.3 million square metres).

And Pune has several other IT centres that include:

Besides, the city is also an established hub for automobiles, competing directly with cities like Chennai. A significant contribution also comes from the industrial, healthcare, and educational sectors. This provides a dynamic edge to the economy of Pune, making it a desirable real estate investment choice with the demand for buying a flat in Pune skyrocketing.

Excellent connectivity to Mumbai and nearby cities, a preferable employment destination, and improving infrastructure also contribute to boosting investor confidence in Pune.

2 - Strategic Location & Robust Connectivity

Location is decisive in real estate, and Pune's strategic location makes it an attractive investment destination. The city enjoys robust connectivity through roadways, airways, and railways.

The following expressways and highways surround Pune:

Pune Outer and Inner Ring Roads are proposed roadways that connect the city to neighbouring towns and villages.  It already has an international airport providing direct accessibility worldwide. Besides, the Pune Metro is the city's latest addition to its connectivity infrastructure for more accessible, affordable, and faster commutes.

3 - Employment & Educational Opportunities

As discussed above, Pune has a mixed and diversified economy. The major sectors of employment in Pune are:

The city provides employment opportunities in diverse fields of work. Hence, buying an apartment in Pune near employment hubs ensures appreciating rentals and good capital appreciation in future. This is why apartments in Hinjewadi, Wakad, and other employment centres remain highly sought after.

Besides being a major employment hub in Maharashtra, the city has more than 800 educational institutions. Savitribai Phule Pune University, IIIT Pune, Symbiosis International University, and Fergusson College are some of the most esteemed universities, to name a few.

These institutions attract students across India, sustaining a steady demand for affordable student accommodation. Since Pune is home to young professionals and students, the demand for smart homes in Pune is always scaling up.

4 - High Return on Investment

Unlike the real estate of metropolitan cities like Mumbai and Bengaluru, Pune, despite its demand, remains relatively affordable. Buying a home in Pune is a good choice for buyers with all kinds of budgets.

However, real estate prices in Pune differ from place to place. High-demand areas like Koregaon Park have luxurious properties at a higher price. Most luxury apartments in Pune are centred around here.  Areas like Hinjewadi, Kharadi, and Wagholi have seen a good return on investment in the last few years due to increasing demand and remain among the top choices for IT professionals.

5 - Quality of Life

Pune combines cultural heritage with modernity. The city hosts beautiful gardens, heritage monuments, malls, and entertainment avenues. The Western Ghats surrounding Pune set the tone for pleasant weather all year round. That is key to Pune topping the most liveable city in India index.

Conclusion:

If you are looking to buy a residential property in Pune, the first step towards that journey should set you up for success. And that is why over 45,000 clients trust us with their real estate journeys.

You too can join in; get in touch with us for more.