Pune has become extremely popular amongst property investors in the recent years. The demand for real estate in Pune has grown steadily in the past years and according to the real estate trends in Pune now, the future too looks highly promising.
Pune is now being recognized as an excellent choice for settling. The young generation is flocking to Pune since the emerging IT sector as well as the overall development of the city has led to the availability of several well paid opportunities. Moreover, the cost of buying a house here is much cheaper than that of its expensive neighbour, Mumbai. The life here too is very peaceful and Pune has a lot of greenery and good climate as well.
One of the major reasons why investors are happy is the great return of investment they are getting. Due to the increase on demand, the property market is on the rise. Hence, the value of their investment is growing steadily. For investors who have bought a second home in Pune, they get a double benefit. Their property rates are increasing and they also earn a lot of rental income as well. There is a massive demand for rental homes since there are many job seekers as well as students in this city.
Compared to Mumbai, Pune’s market remained quite steady after RERA came into effect. Hence, investors did not suffer any losses on their investment. The market has only shown growth and the real estate trends in Pune have shown that it is one of the steadiest.
(source – 99acres.com)
The real estate trends in Pune look very positive and favorable for an investor. Take a look at the market trend in a few places across the city –
|Place||Price range per sqft||Avg price per sqft||Price rise|
|Hinjewadi||3,491 – 29,654 / sqft||12,764.53 / sqft||12.4%|
|Rahatni||4,000 – 11,465 / sqft||9,365 / sqft||17.9%|
|Tathawade||4,082 – 13,136 / sqft||10,197 / sqft||24.9%|
|Talegaon Dabhade||2,504 – 9,736 / sqft||7,912.89 / sqft||25%|
|Balewadi||2,667 – 1,02,208 / sqft||73,330.91 / sqft||12.7%|
(Source – makaan.com)
The real estate trends in Pune are promising and investors have surely seen good returns in this city. If you are planning to invest in property, then Pune will be a wise choice.
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