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Since the last few years, Pune has successfully emerged as the preferred destination for many companies due to its unbeatable location of being located in the suburbs of Maharashtra. This rise in the commercial space is further giving a boost to the investment in residential real estate. And the “tech city” is now becoming the hottest property destination in the country. There have been many reasons for buying residential flats in Pune for sale. Some of the important amongst them are the lower interest rates given by various banks, huge growth potential in various sectors, its closeness to Mumbai, balanced climatic conditions and above all good infrastructure facilities.
Pune is famous as an educational hub with many top colleges, and educational institutions set up here such that students from all across the country come to the city for bright future prospects. The flourishing IT industry, commercial establishments, and other world-class offices that are being set up here are another reason for the growing demand for residential property in Pune.
Since the people employed in these offices or industries need more living spaces to be accommodated in the city and hence increases the demand for housing. With the rise in the living standards of people and the expansion of ambitious people towards cities like Pune for better growth opportunities, there has been an increased demand for residential properties in the city. Since Pune is globalizing at a faster pace and many of the companies are having their corporate offices here, the real estate sector of the city is on a momentous boom and is emerging to be another lucrative industry for making an investment.
Residential flats in Pune for sale include all types of living accommodations namely high-end apartments, villas, mid-range residential properties or farmhouses, condos, multi-bedroom apartments, bungalows and even empty plots of land. Pune is emerging to be the most rewarding and developing markets of India and the real estate prices here are also going up. The properties in Pune are spread vastly and are no longer limited to the 1st tier metro cities. It is also spreading into a government approved SEZ zone in order to gain business which further lets its financers earn good money and huge amounts of profits. The real estate sector in Pune looks promising for a lot of multi-national investors also who show a keen interest in investing here.
The demand for property in Pune for sale is a mix of both affordable projects as well as luxury complexes. Since the maximum population in the city is below 30 years, with a vast pool of young professionals, the demand for exclusive housing is always on a rise since people are willing to invest their hard earned money for the privilege to own a luxurious accommodation fully equipped with best class facilities. The areas like Hadapsar, Baner, Hinjewadi, Wakad, Kharadi, and Wagholi are the best for investment in residential properties as these areas have a maximum number of residential flats in Pune for sale.
The areas which have properties that will offer good capital appreciation in the future are Kalyani Nagar, Wakad and Wagholi. There is a growing demand for plots and apartments in Wakad due to the area’s rapid urbanization and development as a result of nearby IT hubs and Mumbai-Pune Expressway. Kalyani Nagar and Wagholi are popular residential localities which will show good price appreciation in the years to come. The hub for luxury real estate in the city is Central Pune and areas like Shivaji Nagar, Boat Club Road, Kalyani Nagar, Model Colony, and Koregaon Park are the major high-class markets where one can make investments in premium villas and apartments. South Pune is also emerging to be a potential luxury market due to ample availability of space and land.
Hinjewadi, Kharadi and Wagholi are the three prime localities to buy residential plots in the city for investment purposes.