Advantages of having a home in Pune

During the year 2014, the real estate market in India, hit an all-time low. Major cities like Mumbai, Delhi, Bangalore, Chennai and Hyderabad witnessed a fall in demand of properties which dropped their property rates considerably. Pune was one of the cities which was not hit by this economic depression. Pune in fact saw a rise in the rates of properties in terms of real estate. Everyone wanted to have a home in Pune, and people from all over the country especially citizens of Mumbai invested heavily in Pune.

Since 2014, the property rates of Pune have been booming to an all new level, still considerably affordable by a common man. Multi-national companies like The Trump Organization and F-Residences have collaborated with top builders to build homes in Pune. We can see an upward trend in the real estate market in Pune, considering the market of last ten years; Pune has shown a 35% increase in its property rates. The main city areas which had property rates starting for Rs3000 per sq. ft. now have rates starting from a minimum of Rs5000 per sq. ft. which in term means that a 1000 sq. ft. apartment would cost you about Rs50 Lakh today in Pune in the top areas.

You will see a new rise in trend of apartments and multi-storied buildings in Pune, due to the increase in population and also Pune being declared as one of the top IT hubs in the country. Being renowned for its education and accredited as ‘Oxford of The East’ Pune also attracts a number of students from different parts of the country and Middle-eastern Countries. There is so much demand of real estate in Pune that top builders have built mini townships like Amanora and Magarpatta within the city. You will find 5 stars hotels of every top MNC here, ranging from Starwood Hotels, to J.W. Marriot and even Hilton! Various commercial and residential projects are coming up in different parts of the city like Mundhwa, Bavdhan, Kalyani Nagar. There are a range of reputed Hospitals, Schools, and Malls here. Pune even has an International Airport.

Investing in a property in Pune, will give you assured returns and constant appreciation in terms of value for money. The average capital value appreciation rate in Pune is projected to be 12-15 percent in the next year. Pune is listed 2nd in the Smart City list in India. There is a lot of scope and development in terms of investment and business opportunities here. The right time to invest in a home in Pune is now!

Oxford Group offers the option of luxury riverside flats in Pune which open a whole new way of life to residents here. Oxford Group specially emphasizes on green living and building using eco-friendly measures. Every aspect of housing is looked at through an eco-friendly point of view, so that you can enjoy quality living without compromising the environment. These flats are the perfect combination of luxury and conservation!

Pratik Gaikwad Content writing