Rental Property Trends In Pune

Renting property is one of the easiest ways of steady income. And, when it comes to investing in property that can deliver high returns, very few other places in India are as good as the city of Pune. Pune is one of the fastest developing cities of Maharashtra, witnessing a great upturn in the property market. The influx of many multinational companies, tech giants, BPOs, KPOs, and IT firms has pushed up the demand for commercial, residential and industrial properties. Many are migrating to the city in search of better job and educational opportunities creating contributing to the demand factor and eventually the vibrancy of the Pune Realty Sector.

If we look from the investment perspective then the eastern part of the city has definitely more to offer than other parts. Places like Baner Road, Viman Nagar, Kalyani Nagar, etc. are consistently witnessing a price hike and command huge respect from developer and investors. So, renting property in these localities can bring up an average rental income of 13000 to 18000 per month. The major factor that has contributed in increasing the demand for property in these places is their proximity to airport and railway station. As the demand is growing, the rental rates are also witnessing a hike ranging from 3 to 8 percent. So, now let’s take a look at the places and the factors that make them best areas for rental returns in Pune.

• Baner Road- It is situated on the east of Dehu-Katraj Bypass on NH-4 and is also near to the Hinjewadi IT Park, Pune Expressway and Mumbai-Pune Highway. The strategic location of this place makes it a good option for real estate investment as in the coming few years many new projects are going to be launched here contributing in an increase in the property rates. The monthly rental rates of the property here range from 13000 to 15000.

• Viman Vihar- The place is ideally located with a well connected road network and lies in the eastern corridor of Pune. One factor is its connectivity while the other factor that is working in its favor is its close proximity to railway station and airport. With IT Park, offices, malls, retail outlets in the backdrop, this place can yield a rental up to 15000 to 18000 per month.

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