Owing to the rapid progress and development of the Pune’s real estate sector, the city tops the priority chart for home buyers. Its realty market is versatile in the country where the list of home buyers includes working professionals from government, IT, service and manufacturing industries, startups, entrepreneurs and students as well.
The Pune realty market offers housing sector to different segments of people seeking homes in different locations of the city. As Pune’s real estate has undergone a huge transformation, the top builders of Pune have created a lucrative and liquid realty market thus, making the entry and exit from the investment (in real estate market) easy for the realty investors. Today with the overall slowdown in the residential market across India, Pune still stands strong as the second best performing real estate market. As a matter of fact, 1 BHK flat in Pune in different locations is still a preferred choice among many investors.
Mumbai is buzzing with residential and commercial properties. But, when it comes to Pune, the city fulfils a huge list of criteria. The prime objective of investors being a good Return on Investment (ROI), the city of Pune provides a steady and consistent appreciation on the real estate investments. The rapid infrastructure growth has gone a long way in assuring present home buyers about the sustainable development of Pune and its suburbs. The areas like Hadapsar and Phursungi are few popular emerging spots among the many others. At present, although the 2 BHK flats in Phursungi Pune are on sale at a comparatively low cost, keeping eye on the mounting growth of the place, the appreciation will definitely be higher.
The economic growth of Pune is attracting a large number of High Net-worth Individuals (HNIs) and Non-resident Indians (NRIs) which has led to a consistent increase in the demand for ultra-luxury housing projects. Thus, luxury residential housing has got a good momentum at present.
If the city continues to grow in this same pace and the government focuses on the social infrastructure development, then steadily, Pune’s realty market will also continue to provide great return on investment in the future as well.