Articles

Buy flat in Pune and live among the best lifestyle scape.

by Jenita Jose Real Estate

Introduction

Going back a few years, Pune’s residential market was characterised by considerable scepticism as the economic downturn had hit the real estate sector in the major cities.

Well, today the situation is different and investing in a property in pune today is the best investment opportunity, especially for the middle-class families.

There are various factors and characteristics that make investing in new projects in pune the best opportunity. These are mentioned in the next section.

 The Pune City

The city is regarded as the “next realty destination” for a variety of reasons. Firstly, it is well-connected to India’s financial capital, Mumbai. Secondly, its core strengths of strong human capital and growth engine stemming from its corpus of 800+ colleges and a 30%+ graduate workforce, regard Pune as the “Oxford of the East”.

These factors are key drivers for the IT revolution in the city, and is currently the country’s 2nd largest software hub. With 400+ local start-ups, the city is also a powerhouse for the future.

Thirdly, the impact of the economic crisis had led the property prices to its low, making property rates affordable to the middle class and enabling them to buy flat in pune at reasonable prices. In addition, the revised pay scales of public sector employees and attractive remuneration packages of the private sector, have created renewed interest in the realty market. These improvements in purchasing power of the middle class make buying smaller homes such as a 1 or 2 bhk flat in pune very affordable.

The City’s Statistics

The aforementioned factors have set a very powerful base for new projects in pune going forward, and have provided powerful statistics pertaining to the city:

  • Country’s 2nd largest software hub
  • Powerful manufacturing sector, especially Auto and Engineering
  • Made to the country’s Top 5 FDI list
  • Powerhouse for entrepreneurs; 400+ start-ups
  • One of the top 10 wealthiest cities in India; ranked at 6th position

Within the city, the urban locality of Koregaon park is a “goldmine” for investors. Its close promixity to the international airport and railway station (6 km and 3km, respectively), connectivity to the city centre and localities of Magarpatta and Botanical Gardens, leisure and restaurants, presence of green pastures and grasslands, are the key drivers. In addition, the urban locality also has a well-developed economic and social infrastructure (education, health care, commercial centres and entertainment).

These key drivers make investing in residential projects in koregaon park very economical, as investors and home buyers get luxury at affordable prices.

Final Thoughts

The real estate market of Pune has considerable potential as it is expected to gear towards a steep and upward movement in the coming years. Given this positive outlook and growing market, makes it an ideal time for investing in Pune.


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About Jenita Jose Freshman   Real Estate

2 connections, 0 recommendations, 20 honor points.
Joined APSense since, September 21st, 2017, From mumbai, India.

Created on Jan 19th 2019 03:43. Viewed 428 times.

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