If you check the real estate trends in Pune, you will realise that it has a very promising future. Let’s take a look at why investing in Pune real estate is a good option –
Pune has seen immense development in the past decade. One of the biggest infrastructure project in Pune is the proposed new airport. Another important project is the building of the third metro line by The Pune Metropolitan Region Development Authority (PMRDA). This line will connect the centre of the city to the Hinjewadi IT hub. Construction of the first two lines is already underway. The Pune Municipal Corporation has also proposed to invest a substantial amount towards further development of Pune’s traffic and transport systems. Some of this investment will be directed towards Pune Smart City as well. All these developments will definitely boost the real estate market in Pune.
Along with the growth of the main city, Pune’s suburbs and outskirts have grown exponentially as well. Places such as Baner, Balewadi, Talegaon, Tathawade, Rahatni, etc have all developed immensely. Several people are migrating to these areas to enjoy a peaceful life while living in the city. The boundaries of Pune are expanding and this has positively influenced the real estate trends in Pune to a great extent.
Pune has risen as a huge IT hub in the country. It has many IT parks and has companies such as Wipro, Infosys, Cognizant and many more. More and more IT bigwigs are setting up their companies in this city which has resulted in a lot of well paid employment opportunities. This too has led to a huge demand in housing projects for buying and for renting. This too has resulted in a lot of investment in Pune’s real estate.
When RERA came into effect, many cities suffered a massive negative impact. But if you look at the real estate trends in Pune, the market was quite resilient. Pune’s market is reliable and profitable, which makes it a very safe and lucrative investment opportunity.
The real estate trends in Pune indicate Pune to be a great city for property investment. It is also a great city for settling. So if you are looking to invest in a second home or looking to buy your dream home, then Pune is a great option.
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