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In recent years, the real estate market in Pune has seen enormous expansion. Despite its proximity to Mumbai, Pune has a consistent demand for real estate. One of the key reasons is that, unlike Mumbai, Pune has buildings that give good value for money. In Mumbai, the costs for a luxury space are relatively high.
Pune has become a popular real estate investment destination for both Pune residents and non-Pune people in recent years.
If you're looking to buy a home this year, we've compiled a list of the greatest places we could think of, along with more research, so you don't have to.
Best Real Estate Investment Areas in Pune in 2022
In the previous year, the real estate market in Pune had come to a complete halt. With the economy slowly but surely improving, now is a fantastic time to reconsider your assets and find the ideal location for your next home.
For first-time homebuyers and investors
Pune is on the Government of India's list of smart cities, and it's the ideal place for new house buyers or investors to consider when looking for their next investment.
We've compiled a list of the top 5 most popular areas in Pune for first-time home buyers and investors:
The average price per square foot is Rs 9000.
The Benefits of Investing in Kaylani Nagar:
Let us share a few reasons why Kalyani Nagar can be the ideal location for you and your family.
Connectivity is excellent, and nearby amenities are plenty.
Constructions that are luxurious lead to lavish living.
It is 5 kilometres from Pune Junction railway station and 4 kilometres from Pune Airport.
The Pune metro's passage through Kalyani Nagar will enhance demand even more. Now is a great moment to invest in this area!
There was a time when Pimpri Chinchwad was supposed to be a rural location, and acquiring property was thought to be a risky venture. Pimpri Chinchwad has grown into a premier real estate destination in recent years. Travelling to and from the area is simple, thanks to frequent and consistent transportation coordination.
Pimpri offers options for people from all walks of life and includes a diverse range of residences.
You can choose from land to apartments when it comes to finding a suitable solution to your needs.
The average price per square foot is Rs 6000.
Why Pimpri Chinchwad is a Good Investment:
There are various advantages to investing in Pimpri Chinchwad real estate.
We've compiled a list for you:
Real estate development that is centred on the needs of the community, resulting in a fruitful and productive life experience.
Every profession has a wide range of job options.
Connectivity to all regions of Pune is seamless, resulting in a pleasant travel experience even on a daily basis.
Pimpri Chinchwad is home to a number of prestigious schools.
The prestigious Film and Television Institute of India, as well as a multitude of schools, universities, retail malls, and eateries, are all located in this region. Erandwane is regarded as one of the most enticing places to reside. This area is great for families and people who wish to invest in real estate in Pune for the first time, as it is surrounded by lush countryside with a touch of the modern world.
Pimpri offers options for people from all walks of life and includes a diverse range of residences. You can choose from land to apartments when it comes to finding a suitable solution to your needs.
The average price per square foot is Rs 10,000.
What Are the Benefits of Investing in Erandwane?
Housing options that are spacious result in a simple and comfortable existence.
Infrastructure that is well-established and has a wide range of amenities in close proximity.
Several top-rated schools and colleges are located nearby.
Koregaon Park, one of Pune's most well-known places, has it all: fun and frolic, as well as a sense of belonging in Maharashtra's second-largest city. Owning a property in Koregaon Park is a dream come true, with excellent connections, a varied range of leisure opportunities, and high-rise luxury buildings.
Prices have decreased in the last three years, making this the ideal opportunity to consider Koregaon Park as your new home.
Average price per square foot: Rs 12,000
What Are the Benefits of Investing in Koregaon Park?
Here are several compelling reasons to buy property in Koregaon Park in 2021:
The international airport is 6 kilometres away, while the train station is 3 kilometres away.
Koregaon Park scores higher than other areas because of well-known establishments such as German Bakery, Osho Ashram, Westin, Swig, and Chabad House.
Koregaon Park is regarded as one of Pune's most affluent neighbourhoods.
The most opulent neighbourhood in the city is located on Boat Club Road. Boat Club Road is the destination for you and your family if the prospect of a lake nearby entices you.
Most amenities, including the famed Royal Connaught Boat Club, are within a 2-kilometre radius.
Because the region is relatively tiny in comparison to other popular Pune neighbourhoods, you will have the opportunity to interact with a well-established community where lifelong friendships are made.
Average price per square foot: Rs 12,000
What Are the Benefits of Investing in Boat Club Road?
Boat Club Road is well-known among Pune residents and visitors from other places. Here are some of the reasons why you should buy a home on Boat Club Road.
The presence of Ishanya Mall, Pune Central Mall, Touche (ranked first in the list of spas and wellness facilities in Pune), and Hotel Conrad in the area provides a world-class 5-star experience.
With its tree-lined lanes and lush foliage, the region has the sense of a hill station yet with the conveniences of a city.
For IT experts, Pune has become renowned as Western India's engineering and car industry, with a slew of well-known prominent IT centres strewn throughout sprawling software parks. Pune has eclipsed Mumbai in terms of software exports, with a 48 per cent growth, according to the Software Technology Parks of India (STPI).
The IT industry's younger as well as more experienced workers have begun to see Pune as a suitable location for advancing their careers.
Wagholi, on Pune's eastern outskirts, has risen to become one of the city's most sought-after places as well as one of the city's most important suburbs. It is easily accessible to the present and developing commercial establishments in Kharadi, Hadapsar, and Bund Garden because it is located on Nagar Road.
The local industry used to dominate the neighbourhood, but in the last one to two years, the area has gained appeal as a residential area of note, thanks to the construction of residential projects.
The up-and-coming eastern hubs are close to Wagholi, so getting to work will no longer be a challenge.
Average price per square foot: Rs 4,500
What Are the Benefits of Investing in Wagholi?
Excellent connectivity between home and work, as well as leisure and entertainment venues. Weekends can be spent in the serenity of nature, away from the hustle and bustle of the city.
Major IT companies have set up shop on the outskirts of Pune as the city's IT sector grows. Wagholi is the ideal location to invest in for a convenient commute to and from work.
Bachelors can have the added benefit of boosting their savings while living a wealthy and fulfilled life with properties at cheap rates.
Hinjewadi is a fast-rising suburb, not only in the city but throughout the country. It is known as Pune's economic hub, and investing in property there now would be a great way to boost your income while also providing a great environment to raise a family.
Hinjewadi is known for the Rajiv Gandhi Infotech Park, which houses a variety of IT companies and employs over 70000 people worldwide.
The average price per square foot is Rs 6,000.
What Are the Benefits of Investing in Hinjewadi?
Many districts in the city have seen an increase in demand for commercial and residential properties, but Hinjewadi is at the top of the list.
Here are a few reasons why you should invest in Hinjewadi real estate:
As previously stated, Rajiv Gandhi IT Park is close by, making the commute stress-free and convenient.
The majority of restaurants, shopping malls, and theatres are within walking distance of the residential projects and the IT hub. At Hinjewadi, you may get the best of both worlds.
With affordable housing options, you can avoid burning a hole in your wallet.
Charoli is around 22 kilometres from Pune via the Alandi route and approximately 6 kilometres from the international airport. The key advantage of the location is the short distance between Charoli and Pune's IT powerhouse, Kalyani Nagar, which is less than 10 kilometres.
From Charoli, you'll have an easy and pleasant journey to work.
The proposed 170km Ring Road around Pune and Pimpri-Chinchwad, which would reduce traffic congestion and provide better access to the fastest expanding districts, is one of the advantages of investing in property at Charoli.
The average price per square foot is Rs 5,290.
Why Should You Put Money Into Charoli?
Apart from the Ring Road's construction and benefits, there are a few more reasons to invest in Charoli real estate:
Purchase rates are lower in this area of Pune than in other areas. This is due to the fact that it is a developing area with many infrastructure facilities still in the works.
Because of the large-scale infrastructural development, residential property is projected to be in high demand in the next years.
It's easier to go to work, which means you'll be more productive and efficient.
Hadapsar is located on the Pune-Solapur highway and is connected to the old central business areas as well as the Nagar road. It is about 5 kilometres from Magarpatta, which is home to over 21 IT businesses, including IBM and Info City. In recent years, Hadapsar has demonstrated that it has reached its full development potential. Hadapsar's model was meticulously planned and implemented.
The average price per square foot is Rs 6,000.
What Are the Benefits of Investing in Hadapsar?
Here are a few reasons why Hadapsar should be your first choice if you're looking to relocate to Pune for a new job.
Phursungi IT Park, Magarpatta City, and Amanora Park Town are three Special Economic Zones (SEZs) in Hadapsar.
The social infrastructure is well-developed and up to date, with schools, hospitals, and shopping complexes all within walking distance.
Hadapsar is connected to the city's other major areas, such as Kalyani Nagar, Camo, and Koregaon Park, in a smooth manner.
Residents of Pune may readily enjoy the comforts these sites give without putting a dent in their financial account because the city's prime locations are close by.
The inflow of individuals coming in for employment in IT and manufacturing firms was the main cause for Wakad becoming a residential area. Wakad is in the developed PCMC area, adjacent to the Mumbai-Pune Expressway and Hinjewadi's IT cluster.
The average price per square foot is Rs 6,000.
Why Should You Put Money Into Wakad?
We've compiled a list of the top reasons to invest in Wakad real estate.
Wakad is close to the flourishing IT hubs Rajiv Gandhi Infotech Park, DLF Akruti IT Park, International Tech Park, and Panchshil Tech Park.
All of the developed infrastructure, as well as high-tech amenities, are within walking distance.
Wakad has great connectivity to Pune's main and burgeoning neighbourhoods.
Today, everyone is attempting to safeguard their future and increase their savings and riches through some type of investing. Real estate is your best bet for guaranteeing you have a safety net in case of need. After agriculture, real estate is the second-largest employer in the country. This alone is a compelling reason to begin preparing your real estate investments for 2021.
Here are a few reasons why you should consider investing in real estate:
Because of the advent of IT hubs in the city, there has been a significant increase in the appreciation rate due to the influx of junior, mid, and senior-level IT personnel.
With the building of projects such as the Pune Ring Road, the Bus Rapid Transit System (BRTS) on the Pune–Mumbai Highway, and the most prestigious- the Metro Project connecting PCMC – Swargate, Vanaz – Ramwadi, and Hinjewadi – Civil Court, Pune is due to undergo a major transformation.
Due to its IT hub and automotive sector, Pune has begun to draw a large number of job seekers. Rental revenue from your Pune home investment would undoubtedly provide you with an excellent second income.
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Comments
Sagar Rokade
I am looking for 1BHK flat near Balewadi,Sus Pashan Road