Pune a Perfect City for Investment in Residential Property

Posted by Arwind Sharma on August 20th, 2018

Pune is the cultural capital and the second largest city of Maharashtra and the 7th largest metropolitan city of India. It is also the administrative capital of the Western Ghats. The city has seen some major advancements in the past few years. It has had massive growth in the field of industries and this growth owes to the establishment of automotive and information technology hubs in Pune. These basically act as catalysts to cause the growth of the city as a whole. Also known as the “Oxford of the East”, Pune houses some very good educational institutions which see a migration of various students each year from all over India and even abroad. The city is diverse in terms of culture and lifestyle. All these factors help make Pune a good place to have residential establishments and it is a good place to invest in.

Pune is not just making its name in the real estate industry, its economy is also on a happy surge.  Because of the emergence of IT, KPO and BPO industries, Pune’s economy is on an increase. It is now a hub of some major IT companies such as -  Infosys, Symantec, L&T InfoTech, IBM and many more. All these companies and their establishments have changed Pune’s skyline altogether. Pune is still inviting more and more national and international companies from all over the world. The presence of reputed educational institutions in the city also make Pune earn a number of brownie points. Pune is thus an amazing place to buy a property and establish a home with your family. You can get hold of great residential projects like the Green Valley Wakadin Pune. For buying houses, you can easily get a Home Loan. Also for these you can apply for the Pradhan Mantri Awas Yojana (PMAY) with which you can get the survey of the property conducted ULBs absolutely free of cost. You can get an online registration done for this. The PMYA provides - Credit Linked Subsidy, Affordable Housing in Partnership and Subsidy for Beneficiary-led individual house construction/enhancement.

It is because of all this that Pune is rightly the 7th biggest academic and professional hub of the nation. Not just residential establishment, Pune is fast developing in the commercial sectors as well. Commercial centres now find stronghold in the city in order to grow and expand their territories. Everybody is trying to get his or her hands on a property in Pune because the real estate sector is rapidly growing and it is doing so by leaps and bounds. Pune brings in comfort and quality to the homes like you have never experienced before. Luxury homes is trending right now and a lot of the Pune population is opting for the market available, thus getting a luxury home can be fulfilled by taking Home Loan in Pune. Pune brings in features and possibilities in each of its houses like never seen before. These include – amazing location, great social infrastructure, easy connectivity to the rest of the city, automated intelligent home system, Italian-style kitchens, etc. But whatever you do, get enough advice from your financial advisor, know your worth, do proper homework and get a good valuation of the property in question done before you venture out into the real estate world in Pune. Different cities of Pune have different property pricing. Make sure you know them properly before investing. Some of the well coveted Pune localities include – Wakad, Wagholi, Undri, Talegaon Dabhabe and Ravet. The average property prices in Wagholo is around Rs.4555 per square feet, in Undri it stands at Rs 4,700 per sq. ft., at Ravet it is Rs. 5900 per sq. ft., in Talegaon Dabhade it is just Rs. 3,700 per sq. ft. while at Wakad the property pricing is at Rs. 6500 per sq. ft.