Pune is a cultural capital of India. This smart metro city is seeing a huge influx of people moving in from different parts of the country. Awarded as the most livable city of India, Pune offers pleasant weather. Pune is one of the cities which houses India’s biggest IT Park – Rajiv Gandhi IT Park. This IT Park houses various multinational companies. Known as Oxford of the East, Pune houses many reputed universities, colleges and schools. All these factors attract people from all over the county. This has fueled the increasing demand for residential & commercial investment in Pune.
Here are some tips for investment in Pune:
The location would probably be the foremost important things to consider before making any kind of investment. Nobody is willing to invest in an area that is far away from prime locations and does not offer superb connectivity. After all, no one wants to deal with a lot of travelling on a daily basis.
People working in IT sector prefer buying homes in areas of West Pune such as Hinjewadi, Balewadi, Baner, Pashan, Aundh, Wakad, Pimple Saudagar as it helps cut down the commute time to work. Another key advantage of residing in these localities is the superlative connectivity they offer via Pune Mumbai Expressway. These localities also offer proximity to leading educational institutes such as Pune University, Symbiosis etc.
Eastern areas of Pune are also preferred by people working in the IT sector. East Pune has IT Parks in Magarpatta and Kharadi. Some of the preferred areas to reside would be Viman Nagar, Koregaon Park, Kalyani Nagar, Kharadi, and Hadapsar. East Pune also offers proximity to Pune International Airport and Pune Railway Station.
Investment in Pune will also benefit you one or the other way. Location is also imperative in terms of return on investment and best value appreciation. So invest wisely.
Decide on the budget. Chalk out your needs and requirements. Make a list of things such as the location you prefer, its approximate ROI, amenities you actually desire. Research on the neighbourhood and visit the location personally to see if it’s safe and secure. There are many upcoming projects that promise a lot of amenities. Some of the amenities are quite fancy which sometimes can involve extra maintenance charges. So think twice before investing.
You will also need to consider if you want to invest in ready possession or under-construction properties. If you are thinking to invest in a property developed by some reputed developer in Pune then you may consider a pre-launch offer.
Hope you liked above mentioned strategic tips for your investment in Pune. Happy buying!