Pune, an ideal realty hub for both end users and investors

Pune has fast developed into becoming a city that is brimming with several opportunities. From several MNCs (Multi National Companies) entering the market to many property developers who are churning smaller affordable housing units- Pune is bustling with construction activities. And with the city now fuelling the realty demand due to its serene climate, properties in Pune are fast becoming ideal investment destinations for many MIGs and white collared professionals.

A recent report has suggested that young employees are now showing a keen interest in owning smaller properties in Pune. The steady demand for 1 BHK homes here has rapidly grown from being 30% in the July and September quarter of 2014 to 34% in the October and December quarter of the same year. Neighbourhoods like Baner, Pimple Saudagar, Wakad, Hadapsar and Kharadi have witnessed steady demand.

The young generation of working professionals want to make smaller realty investments, thus enticing many real estate developers to come with 1 and 2 BHK flats in Pune. These residential projects are not only fall under the affordable segment but they also offer state of the art amenities and specifications that lure many potential home buyers. On an average 1 BHK homes that spread over a carpet area of 500 square feet are cited to hover over a budget of Rs 15 and Rs 30 lakhs.

With most of the localities falling on the western region of Pune city, the demand for homes here have witnessed a steady appreciation. Steadily growing infrastructure and seamless connectivity are a few drivers that have led to a high housing demand influx. Its proximity to several IT parks and Pune Expressway and Mumbai-Pune Highway have enticed many to shift base here.

Realty developers are also moving towards the peripheries and localities like Chikhali, Dighi, Wagholi and Pirangut are resurfacing as emerging corridors. 1 and 2 BHK in Pune especially in these vicinities are cited to cost anywhere between Rs 3,100 and Rs 4,350 per square feet. Its high ROI (Return on Investment) is another factor that is driving the realty demand here. According to a recent report, capital values of home in Dighi and Wagholi have documented an increase of an average of 7% in the past one year, thereby making the locality an haven for many end users and local off shore investors.

From economical 1 BHK homes to the plush and uber luxurious premium homes, the city has a lot to offer. Its high return on investment is another driving factor that is wooing both end users and investors alike. So if you a white collared professional who wants to make a affordable and fruitful realty investment- Pune in the place for you.