Pune, a metro city, popularly referred to as the “Oxford of the East” and a preferred IT destination, has seen phenomenal growth in its real estate market in the last decade. Amongst its numerous promising areas, Baner is one of the top choices for home buyers as well as smart investors.
This upscale western Pune suburb has a unique blend of urban bustle and the tranquility of nature, making it an attractive offering for capital parking in the form of real estate. But why is Baner so irresistible as a real estate investment destination? Here’s everything you need to know!
The Charm of Baner: Benefits and Perks
Strategic Location and Unmatched Connectivity:
Baner’s largest selling point is its desired location. On Pune’s western corridor, it is well connected to key IT and business parks like Hinjewadi, Aundh, Balewadi, and Wakad. The Mumbai-Pune Expressway and arterial roads like Baner Road and the Pune-Bangalore Highway offer superior accessibility.
Greater development of the Pune Metro line further enhances its connectivity, with promises of smoother and quicker travels in the near future. This being a strategic area means shorter travel times for working professionals, leading to greater demand for residential properties in the area.
Well-developed IT and Commercial Hub:
Being situated near the Hinjewadi IT Park, one of the largest IT industrial parks of India, is a huge advantage for Baner. This has resulted in a consistent stream of IT professionals as well as a strong demand for quality housing. Outside the IT industry, Baner itself has numerous corporate offices, startups, and commercial spaces, so it is a healthy local economy. Not only does this create employment, but it also creates a consistent flow of tenants for rental apartments, generating high rental yields for investors.
Spectacular Infrastructure and Sophisticated Amenities:
Baner is now an independent neighbourhood with a well-developed civic and social infrastructure. It features a range of amenities, from global-class educational institutions like Symbiosis International School to upscale healthcare centers like Jupiter Hospital, and ample high-end retail outlets, entertainment complexes, upscale dining restaurants, and cafes. Balewadi High Street, a center of recreational activities, is a mirror of the area’s contemporary way of life. Presence of well-developed roads, plenty of green areas, and a well-planned urban structure goes a long way in ensuring a very high quality of life for inhabitants.
High Return on Investment (ROI) and Capital Appreciation:
The property market in Baner has always registered positive trends in property values. 99acres.com reports that apartment rates in Baner have appreciated by roughly 46.3% in the last 5 years. Motivated by continued demand from working professionals, entrepreneurs, and families, property values have seen consistent appreciation over the years. The current infrastructure development and increasing popularity of the area mean that this appreciation is likely to continue. For investors, this translates into good capital appreciation in the long term. Furthermore, the high rental demand provides assurance of a sustained rental income, thus a double advantage for investors wishing to enjoy both appreciation and yield.
Emerging Luxury and Premium Residential Projects:
The Baner real estate landscape is led by a growing number of luxury and premium residential projects. Established developers are launching projects that boast premium amenities, green buildings and smart home technology catering to individuals with luxurious preferences as well as NRIs seeking stylish and high-end living environments. The focus on premium products further increases the attractiveness of Baner as a top-notch place to live.
The Cautions to Consider
Although Baner indicates a golden future for real estate investments, one must view it objectively and consider potential downsides:
- Traffic Congestion:
As a rapidly growing and trendy place, Baner, at rush hour, suffers from traffic jams. While work towards infrastructure development is underway to curb it, it is presently a problem for daily commuters.
- Rising Property Rates:
The same popularity and growth of Baner have created a consistent increase in property rates, and hence it is comparatively less affordable for cost-sensitive buyers than certain localities of Pune. Investors should be ready to invest more initial capital.
- Competition in Rental Market:
While rental demand is high, the increase in supply of new residential complexes translates to an increasing level of competition for landlords. Landlords are required to maintain their properties well and provide competitive rates to secure and hold on to tenants.
Neco Lakshya: An Investment Opportunity at Baner
With the upbeat real estate activity in Baner, developments like Neco Lakshya by Vasupujya Corporation on Aundh-Baner Link Road turn out to be an important investment option. As premium limited edition 3 BHK apartments, Neco Lakshya aims to offer a blend of tranquility and easy connectivity.
Strategically positioned on the Aundh-Baner Link Road, it enjoys Baner’s general advantages such as proximity to major IT parks, schools, and hospitals. The project focuses on spacious, 3-side open homes with large decks, suitable for those who desire privacy and wide living spaces. With facilities like rooftop garden, community lounge, space for fitness activities, and focus on intelligent design, Neco Lakshya aims to target choosy buyers looking for a better living experience in the Aundh-Baner area. As an investment opportunity, its high-end positioning and presence along a prime link road could have good appreciation value and high tenant demand for quality houses in a well-linked location.
Baner’s real estate investment offers a good proposition driven by its strategic location, good infrastructure, flourishing commercial market and high capital appreciation as well as rental yield potential. In spite of embracing the drawbacks like traffic and rising price levels, the overall growth trend and modern lifestyle make it one of the most popular locations in Pune. For those hoping to grow their capital in property, Baner remains a hot favorite among Pune’s thriving property landscape, with projects like Neco Lakshya offering the perfect opportunity into its premium investment potential.
