In today’s fast-paced era, Pune is a testament to the vitality of real estate expansion and technological progress. The city has transformed into a buzzing centre of IT innovation and modernisation as infrastructure developments have increased. The integration of multiple IT centres with the city’s developing metro network has not only reshaped its environment but also inspired a surge of real estate developments.
As the city continues to change, the idea of property investment in Pune becomes more appealing. The difficulty, though, is determining the appropriate location among a profusion of well-established neighbourhoods. Navigating through this maze of options demands a thorough grasp of the numerous components that come together to build a successful property investment.
In this blog ahead, we will look at the factors that you should consider that will help you to make an informed decision while property investment in Pune.
Factors to Consider Before Choosing the Location for Property Investment in Pune
1. Connectivity to Key Areas of Pune:
Knowing that your home is close to the top places in the city gives you a sense of satisfaction & pride. Whether you are investing in plots or buying a home, the foremost thing you should check is the neighbourhood. Everything inside your home and outside of it can be changed, but the only thing that can’t be changes is the location.
Technically your home can’t be close to every nook & corner of the city but finding a locale that is well-connected to every key area can be found. Road and rail connectivity are the two most used commutes, and hence you should find an address that is seamlessly close to both.
2. Speedy Development of Social & Civic Infrastructure:
The infrastructural development has seen immense growth in Pune. The speedy development in metro connectivity is one of the main reasons that Pune is experiencing good growth in real-estate arena. However, the evergreen lifestyle of Pune, never ceases to intrigue investors.
From top-notch educational institutes to a wide spectrum in dining and partying options makes Pune an iconic place. When you plan on investing in a particular locale, make sure to check if it has a well-developed civic & social infrastructure.
3. Upcoming Developments in Desired Location:
Pune is growing rapidly in respect to IT industries. It has become home to many top business names that have added more allure to the city. When you select a locale, do check what are the proposed developments in that area. It will only add more value to your investment, leading to good ROI and appreciation.
Pune is unstoppable when it comes to bagging big commercial projects in every corner of the city. With metro lines grabbing speed and several IT developments in various vicinities, this might be the best time to make a sound investment.
4. Property Appreciation Rates:
Amidst the dynamic real estate landscape of Pune, the concept of property appreciation rates and resale value has emerged as an essential factor in making clever investment decisions. Employment hubs and infrastructural developments are main drivers of this trend.
With growing population and escalating demand for housing, choose a location that will give you good appreciation. Investing in projects that are in radar of upcoming development will only add more value to your investment.
5. Resale Value:
Pune’s real estate environment, which is distinguished by its thriving economy and expanding population, frequently translates into favourable resale possibilities. The city’s diversified demographic composition, which includes students, professionals, and families, creates steady demand for housing across several sectors.
The proximity of a property near educational institutions, business centres, and recreational areas can greatly increase its resale value. Furthermore, because of their attraction to potential purchasers, well-maintained residences in desirable locations tend to fetch higher resale prices.
6. Safety & Security:
Safety is one thing that should be your priority while buying a home or a land. Make sure the area has no or low crime rates before locking your investment. Surely, having your own home is a dream but it should not cost you your safety.
Make sure your desired location is lively and provides maximum safety. Also, look if the area is surrounded by good hospitals for unforeseen situations.
In conclusion:
When you decide to invest in Pune’s real estate market, conduct in-depth research on the location you wish to invest in. Consider the above-mentioned factors before landing on a final decision to invest. However, here are a few projects by Pune’s one of well-known developers, Eden Landmarks, which are in prime areas.
First City in Chakan, Vintage City Near Hadapsar, and Escape City in Talegaon surely fits in all the categories mentioned in the blog. Located in Pune’s most coveted neighbourhoods, these projects offer excellent infrastructure, a safe & sound environment, seamless connectivity, and Y-o-Y appreciation for investors.