Is It the Right Time to Invest in Pune?

Pune, or as people call it “Oxford of the East”, is witnessing development at a rapid pace. New development projects, IT hubs, educational institutes, advancement in infrastructure and the variety regarding housing are some of the features that make the city desirable. Let us discuss a few major points on why you need to consider purchasing property in Pune.

New Projects

New development projects have attracted many potential buyers to the city. Projects such as the metro rail and a proposed new international airport are in the pipeline. The advantage of having new developing projects coming up is that property rates have a better chance of rising over a period.

Your ideal location, in that case, would be Ambodi, Sonori, Kumbharvalan, Ekhatpur-Munjawadi, Khanwadi, Pargaon Memane, Rajewadi, Aamble, Tekwadi, Vanpuri, Udachiwadi, Singapur near Saswad and Purandar. The proposed new international airport in Pune is being developed around these areas. Thus, property prices in these areas would eventually rise in the long-term. It would be a good idea to buy an apartment in these areas, as you will find new housing projects and buildings with resale values.

IT Hub

Pune has a wide variety of IT industries. These companies have numerous employment opportunities for talented professionals. With IT biggies like Cognizant and Infosys in the city, a number of youth are migrating here in search for new openings.

You can stay at Hinjewadi, Magarpatta and Viman Nagar if you are planning to stay in the IT hubs. If you do not want to close to the IT hub, you can also choose Aundh or Baner. These places are near the Hinjewadi IT Park.

Good Infrastructure

The growth in infrastructure is not restricted to just the city centre in Pune. There is growing infrastructure seen in the peripheral areas as well. This is due to increasing housing projects in town. No matter where you live, you can get good access to both, physical (roads, bridges, railways etc.) as well as social (hospitals and schools etc.) infrastructure.

Young City

Pune was once known as a pensioner’s paradise. Now, it is home to ambitious and aspirational youth. In a city with over 73% of the population being below 50 years of age, many youngsters are hunting for a place to settle down. With the increased demand for new housing, many big housing projects are coming up.

Can cater everyone’s needs

Whether, you plan to live in the city centre, or in the outskirts, away from the city’s hustle and bustle, you can choose from a wide variety of housing projects . There are areas like Magarpatta and Viman Nagar that offer luxurious and big flats. There are areas like Koregaon Park and Model Colony that provide a wide variety of affordable housing.

Have a look at the Godrej Prana in Undri, Pune project. This project is located at one of the rapidly developing locations in Pune and offers a wide range of amenities that will make Pune life cosy and comfy. As it is a rapidly expanding destination, the resale value of these flats would also be worth considering. Look at the Godrej Greens Undri project as the one to realise your property dreams.

Pune has recently become one of the most sought-after destinations for purchasing property in India.

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