The Quickly Emerging Space in Pune That Offers Good Real Estate Investment

by Jyoti D. Real Estate Bloggers

Investment works best when the asset is a necessity! And what better necessity than a roof over your head. Real estate investment has been a contingency plan for people; up against other mortgages or financial emergencies. Needless to say, one must invest wisely in a property that yields significant returns.

But how to estimate whether the property is a lucrative investment?

Some of the main factor that determines the market movement are:

- The demography of that area

- The economic conditions of that place

- Interest Rates

- Infrastructural developments and other government policies

Pune accord has made it possible for people from all walks of life to fulfill their dreams of owning a home. Unlike metro cities, this city has been kind in terms of cost of living, cosmopolitan environment, welcoming to students, and accommodating working professionals from all over the country.

Wagholi is one emerging suburb in Pune that offers an estate that has assimilated all the above parameters. Let us evaluate where Wagholi lies on the investment scale-

Robust Infrastructure

- Wagholi lies in the eastern corridor of Pune, which connects to the outlying cities and is connected to the rest of the city via Bakori Road.

- Nagar Road serves as the outer road for quick connectivity, while the arterial roads reduce the traffic congestion in the city.

- The real deal-breaker is that the Pune International Airport is a mere 10 min drive from Wagholi. The point to be noted is that Airways is the quickest mode of transport, suitable for frequent travellers. Subsequently making the entire estate valuable in terms of accessibility; thus increasing the demand for 1BHK, 2 BHK & 3 BHK in Wagholi.

- Moreover, Pune Railways can be accessed within 15 mins. This economical means of transport is preferred more than others. This in turn has added another intrinsic value to the property with 1 BHK and 2 BHK flat in Wagholi.

Economical living

Speaking of economical means, Wagholi is on the emerging phase of the spectrum. Which allows for a more flexible cost of living. Let's see in relativity to other areas–

Kharadi, Koregaon, and Magarpatta are more industrial areas, thus leading to an overall high cost of living, thus making its estate value higher as well.

Viman Nagar and Airport Road are the more affluent areas that have a more high-end vibe. Meanwhile, Wagholi lies amidst these suburbs to provide an alternative lifestyle for working professionals.

As mentioned earlier, most IT clusters, Tech parks, and office spaces are located in other areas. While Wagholi is primarily a residential area. Most employees prefer suburbs that provide calm and serenity. Which in turn raises demand for 3 BHK in Wagholi for those who opt for co-living spaces.

A wide spectrum in demography

As seen earlier, co-living has been a trend in Pune ever since the ever-expanding IT sector. The mass recruitment of graduates from all over India has raised the demand for housing units, be it for ownership or for rental purposes.

Wagholi being a cost-effective suburb, most prefer the 1,2,& 3 BHK flats in Wagholi.

The other facet of this demography is the families who want a wholesome city to live in. Wagholi provides that landscape of several quality educational institutes, efficient healthcare facilities and security, and quick accessibility to all the fundamental services.

Backed by many financial facilities

The interest rates depend upon the area code as well. Wagholi has been deemed as an interest-friendly suburb with average rates lesser than neighbouring areas. Since its developing status, many projects have been introduced in this area in the mid-segment market.

Kolte Patil project in Wagholi is one such prominent residential unit that has been backed by major banks for home loans, issued at lower interest rates of 6-7%.

Even the health insurances here are cheaper here as compared to commercial suburbs.

This has further accelerated the momentum in the real estate market, all the while increasing the future prospects.

Upcoming infrastructural developments

The upcoming projects such as the extension of the metro line have been an incentive for positive market sentiment.

The Mumbai-Banglore infrastructure corridor is the macro-level infrastructure development that will connect Pune to the neighbouring cities, which is passing through Wagholi.

A branching road has been proposed that will connect Wagholi to EON IT park which is one of the most influential tech hubs. This road from Nagar Road will reduce the travel time to around 5 mins. Ivy Nia is a Kolte Patil project in Wagholi that offers 1 & 2 BHK for sale in Wagholi placed along the Nagar Road, thus providing an easy commute for its residents.

A flyover connecting Wagholi to Shikrapur is a 3-deck project that will decongest the traffic with segregation of vehicles based on distance.

Impact on the real estate market

Industry experts believe that the infrastructural developments are the key incentive in property appreciation of an area. The aforementioned projects that are slated to be completed in the next 5-7 years are projected to raise the property prices. This is one of the main reasons why investing in property at this stage would yield promising ROI.

Ivy Estate Wagholi is considered one of the most successful residential projects in Wagholi. If you are looking for a beneficial investment then, Ivy Nia in Ivy Estate Wagholi Pune is offering 1BHk & 2 BHK flat in Wagholi for sale that has already observed an appreciation of 4-5% since the last year itself!

RERA NO:

IVY Nia (The project has been registered via MahaRERA registration number P52100017955 as Ivy Estate-Nia)