Pune is known to be one of the largest metropolises in India as well in the State of Maharashtra. Pune is an abode of so many educational institutions and IT companies, BPOs and KPO industries. Both the residential and commercial properties are making markets by these industries. Not only is this, the manufacturing industries of automobiles also involved in market growth.
The software developers and hardware experts are making incredible growth because of which demand for property in Pune is on height. Also, the fast growing infrastructure is tempting both the investors and the end users. Pune has been in the Real Estate News since a few years back. Hence, it is not taken into account as much as compared to Gurgaon, Noida, Bangalore and other Real Estate market and, therefore, the prices of Real Estate in Pune are still ideal. This makes it a hub for investors as well as for families who are looking forward to settle down in the busy city of Pune. Let us have a look at some of the best places in Pune, which are an ideal choice for investment.
Pune Property Market
Many people in Pune want best opportunities to invest in Property for Sale in Pune. Properties in Eastern and Western suburbs in Pune witness high growth as in good infrastructure and good connectivity. Wagholi, Kharadi, Viman Nagar etc. in East see the uniform growth of IT establishments and other industries. Hence, property for sale in Pune East is finding maximum real estate activities.
Hingewadi, Aundh, Wakad etc. in Pune West see an increasing demand from IT Park and other industries, which pushes property market in these areas as well. The land price at areas encircling IT Hubs ranges from 1000-1450 per sq. ft. and that of apartments in prime locations in Pune ranges from 1000-3200per sq. ft.
Property on Rent in Pune
But now because of a wide gap between monthly EMIs and monthly rent, the residential property in Pune is shifting to the rental front. A 2BHK apartment in the posh locality in Pune can be got with a monthly rental of Rs10,000/- – Rs15,000/-. A lot of students and IT professionals take up such apartments on sharing basis, which makes them really affordable to them.
Important News Related to Property in Pune
The Estate Agents Association of Pune (EAAP) launched a real estate directory for Pune. This directory contains all the information related to property professionals and real estate firms operating in the city. This directory is a big help to the home seekers and property buyers. Also, the Promoters and Builders Association of Pune (PBAP) launched a fund of Rs 26 Crore from which Rs 5 Crore per residential project in Pune would be invested to help small developers in completing their projects fast.
Pune has seen a record land registration and transactions in last quarters. Private property developers and civic authorities have started new construction and infrastructure projects in the city in the last decade. On the whole, Pune property can result in a boom for both investors and the end users.