Ready to move projects in Pune
Pune is one of the historical cities of the country with a glorious past, an innovative present and a promising future. It is known by many nicknames like Queen of the Deccan, Cultural capital of Maharashtra, Oxford of the East. The city’s close proximity to the financial capital Mumbai has made it a booming place for IT companies and educational institutions, thus offering employment opportunities leading to a growth in the real estate prices. Considered as the second largest city of Maharashtra, it is one of the fastest developing real estate markets in the country.
National highway 4 connects the city to Bangalore, Mumbai and Kolhapur while NH-9 joins it to Hyderabad and NH-50 to Nasik. The 6 lane high-speed expressway, Mumbai-Pune Expressway has made it easy to travel between Mumbai and Pune.
Good weather, cosmopolitan population, excellent educational and defense institutions, development centers of some top manufacturing and software companies are some of the factors leading to growth in the real estate investment which can be clearly seen from several residential and commercial properties coming up in the city.
Trends & Demand in Pune
Ready to move projects in Pune have an end user to an investor ratio of 60:40 with a huge demand from Mumbai, NRI’s and buyers from nearby cities like Solhapur, Kolhapur, Nasik, Ahmednagar and Karad. The city is steadily adding new areas to its real estate development landscape. Demand for ready to move projects in Pune is emerging from the IT hub, which is located in the Rajiv Gandhi InfoTech Park, Hinjewadi. In East Pune demand is increasing in Viman Nagar, Cyber City, Kharadi and Magarpatta. The fast pace development of the eastern belt of Pune has made it much sought for area because of its close proximity to the new airport and IT parks. There has been a rapid development in infrastructure in areas like Magarpatta, Viman Nagar, Kalyani Nagar, Kharadi & Wagholi which are well connected with other parts if the city resulting in a huge demand for properties in these areas. NIBM in South Pune, having the best schools, is also a lucrative investment option.
Townships appear to be the city’s safest and most promising investment opportunity by providing residential products with the right features for rental income as well as capital appreciation. These properties are available at lower rates, but are expected to appreciate in value over 3-5 years as the city’s population growth is headed towards them.
They reflect the contemporary lifestyle along with having excellent modern amenities like club house, swimming pool, gym and gardens. There are many ready to move projects in Pune by in ARV Group (Kondhwa), Mahindra Lifespaces (Pimpri), Mantri Developers (Kharadi) and Truspace (Balewadi), etc provide a good opportunity for investment. Ready to move projects in Pune in these areas are quite affordable.
As per experts this year there will be more ready to move projects in Pune in the range of Rs 20-60 lakhs. The rapid infrastructural development and economic growth are the key aspects to make the city an excellent investment destination with the real estate prices showing a considerable appreciation of around 25-30% each year.Read Less