A cosmopolitan city with a lovely weather, Pune is a comprehensive package for an investors delight.
So what makes Pune such an attractive property investment destination, despite the fact that Mumbai – India’s legendary real estate par excellence – is right next door? A few years ago, the reasons for this were not as obvious as they are now. Today, they are – more than ever. Pune’s residential property market has maintained its momentum even in a challenging economic environment. It has been confirmed that Pune has prevailed as one of the best-performing residential real estate markets in the last few years. Many areas in Pune have exceeded the average capital value (CV) appreciation following infrastructure development, supply and absorption. Its inclusion in the 100 Smart Cities program will only increase the interest from multinational companies to set up and expand operations here, which in turn will increase inward migration and fuel greater demand from investors, even as local end-user demand continues unabated.
Let us explore the 5 best areas to buy a flat in Pune 2017.
WHY INVEST IN MUNDHWA?
Aundh has maintained its position in both the residential and commercial markets for quite a long time now. After the start of Hinjewadi IT Park,Aundh was the first to get benefited from it. Aundh enjoys a location which has demand from central Pune as well as localities near Hinjewadi.
Banner has emerged as the prices in Central Pune were on a new high. This is when Baner provided investors an affordable option without compromising on the overall connectivity. Baneris a preferred location for many ITiansdue to its location is closely located to Pune-Mumbai Expressway and IT hub at Hinjewadi and also Central Pune.
• VIMAN NAGAR
Viman Nagar in Pune is popular because of its connectivity to the prime locations in Pune. The Airport, Pune railway station, developed Koregaon Park are in close proximity to Viman Nagar. Viman Nagar has evolved due to its road infrastructure and good transport facilities.Viman Nagar has prominent malls in the vicinity and some of the hotels present here are Hyatt, Ibis, Shangri La etc. The locality also benefits on account of proximity to various hospitals.
Keshav Nagar in Mundhwa is seen as an affordable investment location in Pune. Keshav Nagar enjoys proximity to most IT parks and still falls between the green zone of Manjiri on the east and Ghorpadi on the west. As for schools, colleges, hospitals, banks and commercial areas, everything is at a close distance and further developments are on the cards. Keshav Nagar has a range of choices when it comes to properties. From residential plots to independent houses, villas and builder floor apartments, the locality has it all.
NIBM Road, a 3.5-km-long stretch connecting Kondhwa Road to Katraj-Hadapsar Bypass Road, is becoming a goldmine for the investors. Good connectivity, planned neighborhood and presence of all kind of required infrastructure within the radius of 3-4 kilometers have fueled the demand of properties here. This in turn has impacted the property prices in the locality which have taken the upward movement and have attracted several investors to the area.
Your search for your dream home ends here. In fact, it is one of the best cities to live in India. Considered as an end-user market, the real estate prices in Pune are generally high and increasing. These localities have the highest number of residential real estate projects in the city and also show the highest supply of residential apartments and plots in Pune. If you are looking for properties to invest in, which will give you good capital appreciation in the future then consider Konark karia Builders to give you the home of your dream.
We would like to know your thoughts in the comments below on which location you would prefer among the above. If you know of someone who’s house hunting in the city, share this informative blog with them.