Top 3 places in Pune where NRIs prefer to purchase properties

Investing in real estate has been a preferred means of investment for the Non Residents Indians.  Since there is no limit on the number of properties they can purchase, buying properties in India has been one of the most profitable methods for them that offers an array of prospects. Buying a property back in their hometown is something that has attracted them since time immemorial for emotional as well as financial reasons. Initially the purchase was made mainly for personal use but nowadays it is more from investment point of view.

Pune is one of the most-sought after real estate investment destinations in India. The NRIs find the place very attractive as it suits their lifestyle and offers appreciable rate of returns on the investments made. NRI investors normally avoid historically over-speculative or unfamiliar cities and prefer the cities of their origin or those offering stable rate of returns. Pune has everything be it well-run multiplexes, an amazing nightlife, shopping centres, industrial sector or thriving IT organizations that have given the place a new charm and elevates the lifestyle of its residents. From one room apartments in the IT Hub Hinjewadi to high-end living spaces in Koregaon Park and Kalyani Nagar – it has some or the other option to fit into an investor’s pocket. There is a growing demand for Residential Apartments in Pune owing to the fact that the city has more than 210 IT/ITES companies, a number exceeding than that of Bangalore.  Its seamless connectivity to Mumbai via rail and road and to other important countries via airways and its modern infrastructure makes the place one of the hotbeds for investment in India.

Some of the most preferred areas for NRI investments that have a lot of options available in flats for sale in Pune are:

Aundh

Known for its opulent projects and strategic location, Aundh is a premium address of the city that offers a horde of attractive options for Indians as well as NRIs alike. The area has innumerable options available for the expatriates working in IT/ITES companies as well as NRIs’ looking for budget homes in India. Its proximity to the IT hub of Hinjewadi, its tie-in with Mumbai-Pune Expressway by Katraj-Dehu Bypass Road has not only enhanced the locational advantages of the area but also elevated its status. The area is well-surrounded by social and civic utilities of daily life like schools, hospitals, bank branches, restaurants, supermarkets, etc. which acts as a catalyst for NRI investments. The area offers an excellent mix of ready possession apartment in the range of Rs 35 lakhs to Rs 50 lakhs as well as under-construction properties.

Viman Nagar

 This area due to its developed socio-economic infrastructure has become the headlines not just for Indians but also for NRI Investors. Situated next to the Pune International Airport and enjoying proximity to several leading IT parks, recreational areas, multiplexes, shopping junctions, and multiplexes, the area is a shining spot for investments in the city. It is a few minutes’ away from important locations like Vishrantwadi, Yerwada, Kalyani Nagar, Lohegaon, etc. One can find good residential options in the price range of Rs 50 lakhs – Rs 60 lakhs, in 2, 3 or 4 BHK configurations, both ready to move or under construction and stashed with modern comforts and facilities that offers an amazing living experience. The area is a good option for NRIs as it offers everything that matches their lifestyle and requirements.

Koregaon Park

It is one of the prime and most hyped investment hubs that offer all kinds of residential options varying from apartments to high-end bungalows and in different configurations. It has excellent options in own as well as rental accommodations. From intelligently designed living spaces to palatial villas, party lounges to exclusive restaurants, top-end commercial spaces to quality educational institutions, the area offers the NRIs the best value for their money. Within a price range of Rs 55 lakhs – Rs 65 lakhs, one can easily find a 2 or 3 bedrooms apartment fraught with best-in-class amenities they aspire for.

Thus, as a NRI, it is a great feeling to have your own piece of earth whenever you visit your own country. And Pune with its quality education, employment opportunities, and continually expanding boundaries offers excellent properties that are not only innovative but also assure complete luxury and comfort making it the best place for NRI investments. All they need to do is to manage and coordinate the things well before making a final purchase.