Pune, one of an important city of Maharashtra, is known for its good quality education, ample job opportunities, and good living standards. People flock here from various parts of the country to earn money and sometimes to buy property.
As Pune falls in Northern part of India so people who have their roots in the major cities of North India like Delhi, Haryana, and Punjab prefer to move Pune for a better Job opportunity and education. And that is the main reason people fall in love with this city soon and plans to buy property.
Due to the presence of prominent IT centers, Pune has seen a rapid real estate development in the past few years. Compared to other cities, Pune has numerous housing options, from 1-BHK, 2-BHK, and affordable housing, to luxury housing.
So, if you are an outsider and planning to buy a property in the city, here is a quick guide to keep in mind while investing:
Real estate market of Pune has remained irrepressible from last many years and has always provided stable returns to the investors. Especially first-time investors or buyers look for such markets only. They mainly opt for properties which are ready to move in or almost ready for possession. One can look for residential options available from Rs 35 lakhs to Rs 10 crores based on their economic condition.
Every area of Pune is well connected with other regions. So if you are buying a property for self, you will have full hands on the entire social and physical infrastructure of the area.
For newcomers, it is always advisable to consult with a property expert, to know more about the locality and for flexibility in buying and selling the property.
Where should newcomers invest?
- Areas like Koregaon Park, Bibvewadi, and Central Pune are good choices, for newcomers to the city as these areas have fully-developed infrastructure, hospitals, schools and entertainment hubs. However, properties in these areas are a little expensive.
- For those who are looking to buy an affordable property, one can go to Hinjewadi and Magarpatta area which is in close proximity to IT hubs and other companies.
Suburbs of Pune, like Wagholi, Ravet, Undri, Talegaon, and Wakad, are also good areas to reside in. Another top location, Hadapsar is also a good option for home buyers, from an investment point of view.