Pune has been emerging as one of the favourite destinations for homebuyers as the city and its suburb offers to cash the opportunity of owning affordable homes. At prime destinations, residential projects in Pune are much in demand especially in the localities like Wakad, Baner, Hadapsar and Kharadi.
With ample of inventory supply mostly in affordable housing and strategically located micro-markets, makes it a place for pure pleasure. The real estate in Pune ha managed to maintain the momentum over the years even in the hard times of the pandemic.
Reasons To Understand Why Pune Is Good For Investment
- Highly lucrative due to their competitive property prices
- Rapidly increasing residential developments
- Affordable prices and great neighbourhoods with nature’s beautiful views
- Close proximity to IT hubs and connectivity nodes remained the prime drivers.
Some of these locations, which are the most preferred by Pune homebuyers, include Wakad, Baner, Hadapsar, Viman Nagar and Kharadi.
Waked is one of the premium residing areas in Pune which was earlier an agricultural land. As soon as the IT Parks in Hinjewadi came up in close proximity, Wakad emerged as a favourite destination. The homebuyers are all set to buy an apartment in Pune as they want to settle in an area with good civic infrastructure, state of the art facelift and entrance of prestigious developers.
Today, it is one of the most popular locations because of its seamless connectivity to the IT hubs and the presence of an ample number of residential options make it a sought-after locale in West Pune.
Baner is a top-notch locality that comes with high liveability quotient, great social infrastructures and well-established connectivity. Emerging as top most location that lies in the close proximity to the IT hub of Hinjewadi and industrial areas of Pirangut and Talegaon. The fuelling demand for houses in Baner, Pune attracts buyers and tenants from the small-scale companies located in Aundh and Kothrud nearby.
Soon this area further will witness surge as the neighbouring IT squares like the Rajiv Gandhi Technopark and Nanospace IT Park makes it a budding destination.
Hadapsar is situated along the Mumbai-Hyderabad National Highway which is one of the preferred destinations in Pune. The commercial sector in the neighbouring region consists of three major industrial zones – Eon Free Zone, Magarpatta City and the Amanora Parktown. The flats for sale in Pune especially in Hadapsar are growing as the workforce of the IT parks has maintained an upward pressure on the capital and rental values.
The presence of sound social infrastructure, international schools like City International School, Delhi Public School, and Amanora School and multispecialty hospitals like Columbia Asia Hospital and Sahyadri Speciality Hospital makes it more happening.
Kharadi is a well-known location in Pune and a well-established business district as well. This location and its neighbouring areas will see a host of developmental projects taking shape in the near future. There are new IT Parks in Koregaon Park, educational institutions and commercial circles like the Gera Commerzone mushrooming Kharadi and booming the demand of apartments for sale in Kharadi.
So, if you, too, are looking for a home in Pune, then all the above mentioned locations could be worth considering. Moreover, this city is prepared for the future infrastructural expansion of commercial and residential real estate, which would open doors for more avenues of growth.