The city of year-round monsoon skies, lip-smacking Maharashtrian delights and towering skylines, Pune is one of the favourite destinations of migrants in India – in fact, it’s preferred more than the Mumbai. Better known as the Oxford of the East, people move to the city from every nook and cranny of the country for various reasons. Career and work-related opportunities, healthcare amenities, and better quality of life are the most important ones.
The real estate sector in the city has been pretty stable and has emerged as a clear winner even through the turbulent economic phases like demonetization and GST implementation. Here’s a list of the top 4 locations to invest in Pune for those looking to grab this lucrative opportunity.
Kharadi
A town in suburban Pune has many perks of investing in Properties in Kharadi. It is the perfect place for working professionals. EON IT Hub and Hinjewadi IT Hub – one of the largest hubs of the city – and office spaces like Zensar and Wipro are also within close reach. It is only 15 minutes from the city airport and railway station. The main localities like Hinjewadi, Magarpatta, Viman Nagar, etc. are also easily accessible. With the proposed Metro Extension Line completion, the region is expected to witness a major facelift. This makes the prospect of investing further adding to the reasons why the locality has the most profitable
Mahalunge
The primary reason that homebuyers must consider Properties in Mahalunge is the scenic and serene expanses of the suburb. Strategically adjacent to the NH-48, the highway that connects Mumbai with Pune, many renowned developers are launching luxurious and ultra-luxurious projects in the region. It is also the first out of 75 to be included in the PMRDA Township planning which is a 700 acres mega project that involves 700 acres.
Manjari
Quite like Kharadi, Manjari lies in close vicinity of the eminent workspaces since it is only 4 km from the tech hotspot Hadapsar. Koregaon Park, Fursungi IT Park and Magarpatta City, therefore are in close proximity. Another perk of living in this fast-developing suburb is the setting of the Mule-Mutha River. The scope of development in the housing sector for the area has changed exponentially in the past few years. But now Property in Manjari is attracting attention from developers and homebuyers both.
Baner
Baner is also situated by the Mumbai-Delhi highway. Baner is also a commercial hotspot so a number of tech companies are based in the region while others are in close proximity like the largest IT hub, Rajiv Gandhi Infotech Park. Therefore, the residential demand for the Property in Baner is driven by the working professionals in the region. It is also easily accessible from the important nearby like Balewadi, Sus, Aundh, Pashan and Mahalunge.
Overall these top 4 locations to invest in Pune are highly profitable and have been for a long time now and are expected to be in future as well. With the new development schemes, the property prices are expected to rise in a month. This is the best time to invest before the surge. The bonus here is that as stated above the real estate in Pune is very stable, thus making investment a safe bet.