In the last year or so, Pune has quickly
emerged as one of the best cities for investment in terms of real estate. The
rapid development industrially and in terms of the IT and manufacturing sector
has boosted real estate construction and availability, both residential and commercial.
The establishment of the city as a centre of learning and education is another major
factor in the rise of the real estate sector in the city.
Investing in real estate is always a good
idea. Investing in real estate in Pune, however is an even better idea. Here’s
why:
1.
Rate of Appreciation: In the suburbs and the newly developing
outskirts of the city, the ROI is increasing. Even if it drops in the city, the
nature of real estate is such that it evens itself out over time. Owning real
estate in Pune is sure to give you rich rewards.
2. Educational
Centre: Pune has been long established as a centre of education and learning,
attracting students from all over the country. This increases the need for
rentals and is perfect for those investing in a second home or investing for
long term gains.
3. Employment:
The rise of the IT sector as well as the manufacturing and industrial sector
has caused an exodus of people into the city for jobs. In the same way as the
above point, it is a boost for real estate in areas like Hinjewadi, Kharadi,
etc.
4. Developing
Infrastructure : Pune as a whole has had rapid development over the last few
years, especially in the suburbs like Baner and Aundh. This increase in
commercial spaces and malls has made the city more attractive to outside buyers
and has made the city a good investment choice.
5.
Affordable residential spaces: Pune is still
a developing city. It has not yet reached the size, development or status of
other major metropolises. This makes the rates of real estate more reasonable
and affordable for the average middle class Indian. This is true about both
renting and buying.
No comments:
Post a Comment