Buying a flat in West Pune? Read on.
Pune is tagged as one of the fastest developing and emerging real estate markets of India. In the last few years, it has witnessed defence, engineering and other crucial sectors making it their headquarters, transforming it into a major industrial centre. Not just that, after Bangalore, it has emerged as the potential destination to house the growing number of IT companies in the country.
Where to invest in Pune?
There is an increasing demand for residential projects in west Pune emerging from the IT hubs which come from IT professionals who are working in the Kharadi and Hinjewadi IT hubs. Of these the Rajiv Gandhi InfoTech Park, Hinjewadi has emerged as a perfect destination for the upcoming IT/ITes companies in India, since it offers vast vacant land that is ideal for commercial and residential properties.
Most of the professionals working in these companies are either bachelors or starting a family, so they require affordable, 1 BHK or small 2 BHK apartments that are closer to their workplace. These properties are mainly purchased for end use.
Why west Pune?
West Pune is known for excellent connectivity to Mumbai. Some of the localities in the West of Pune such as Kharadi, Pimple Saudagar, Hinjewadi and Wakad are showing positive development over the years and the launch of IT companies have only pushed the requirement for housing units in these regions. If you frequently travel to Mumbai it is better to stay on the west.
One can choose a property that is located in a residential location having all amenities, along with good price appreciation. If you are a first time home buyer and looking for a house in Pune, then you can look out for residential projects in west Pune. They not only serve the purpose of a home as but also fetch you good returns. The demand for residential projects in west Pune has made a huge impact on property pricing in a positive way.
According to a recent survey, Wakad followed by Kharadi and Pimple Saudagar have ranked the top positions in the most preferred localities list of Pune. This is due to the IT establishments, excellent connectivity with Mumbai, civic infrastructure, availability of affordable housing units etc.
As an investor, before making an investment, you need to find a client for your property. Decide one first & then take a call to buy a property.
