Residential real estate market in Pune gains momentum
Pune has emerged as a potential market to invest when it comes to real estate property. With the emergence of good number of IT and other blue chip companies, Pune residential real estate has gained immense momentum over the past few years. Apart from this, the pleasant weather of the city combined with amazing cosmopolitan culture and vibrant life style have pulled lots of consumer traction from different parts of the country and also abroad. Pune real estate market showcases varieties of properties in Pune suiting to the budgets and requirement of all classes of society.
Captured below are the tips to invest in Pune real estate market.
Knowledge about the potential area
Before investing on any residential property in any particular location, it very important to known the growth potential of the area in order to fetch good return on investments in the future. Hadapsar and Phursungi in Pune have emerged as major IT hubs and manufacturing sectors of the city. Thus, the burgeoning in dustrialization is expected to push the further infrastructure development of this area thereby improving the scope and prospects of investment in realty. One can expect handsome returns in this area. So, one need to have a prudent approach towards investment to enjoy the maximum benefits.
Check the credibility of the builders
A good number of reputed real estate builders and developers have got into the Pune real esate market. Some are well known for delivering quality in their past top builders in Pune and stands out on the basis of their performance. It is highly recommended to approach builders and developers who enjoys a good rapport and credibility in the market.
Choose the appropriate option of investment
If you are looking for a budget investment option, it is advisable to opt for small apartments or new residential projects, considering your line of budget. For a luxury investment option, you can also opt for extravagant township projects too. A discreet approach is very much essential for picking the most suitable options as per one’s requirement and budget.
Which areas in Pune city offer high-end luxury properties?
Central Pune emerges as the most sought after destinations for luxury investments in this city. Localities such like Boat Club Road, Sivaji Nagar, Model Colony, Koregaon Park and Kalyani Nagar are some of the most preferred markets in Serviced apartments in Pune investments. One has the choice to invest in grandeur premium apartments and exotic villas in these areas. Limited availability of space and high demand for localities close to the CBD (Central Business District) has indirectly promoted Central Pune for high-end properties.
Where to buy residential plots in Pune?
If you are looking forward to invest in residential plots in the Pune then Kharadi, Wagholi and Hinjewadi are amongst the best options. It is observed that the appreciation of prices very much depends on the development of IT industries and IT Parks in the vicinity in Pune. And this is the reason that Kharadi, Hinjewadi and Wagholi has emerged as the most sought after destinations for investing in Residential plots in Pune. These three localities have come up the curve and has demonstrated remarkable growth in the recent past.
