Pune comes as a pleasant reprise as compared to the nuance hustle bustle of Mumbai. Soothing climate all year-round, picturesque atmosphere, employment opportunities, affordable housing – you name it, and Pune has got you covered. Being India’s one of the most desirable cities to live in, there is no dearth of projects offering 2 & 3 BHK flats in Pune. From premium to affordable, you’ll get everything here that your budget permits.
The thriving IT and automobile sector, the green vistas surrounding the city, pleasant weather, safety, renowned educational institutions are a few key highlights that make property investment in Pune an ideal deal. However, that is not all. There is more to it. Let us understand why Mumbai real estate investors are keen on buying a property in Pune than in Mumbai.
Affordable Rates
The city has become a buzzing investment hotspot. The rapid development of IT, changing demographics greatly drive Pune’s real estate growth. However, the property rates compared to Mumbai are far cheaper in Pune. In terms of projects, amenities, infrastructure, and more you will get better deals here. You can afford a spacious home in Pune for the same price compared to Mumbai. No wonder it is growing to become a favorite investment destination amongst the Mumbaikars.
Most Habitable City
Recently Pune was declared as the most habitable city in India. This result was announced by the Ministry of Housing and Urban Affairs on the basis of four key parameters – physical, economic, and social infrastructure, and governance. Hence, this makes it a more lucrative place for real estate investments for Mumbaikars.
High Return on Investments
The growth of the IT sector in Pune has played a pivotal role in the boost of the rental market and overall property appreciation in Pune. The reason is that the city is experiencing a huge influx of IT professionals and students from different parts of India and abroad. Home to over 110 MNCs, Pune boasts of some of the biggest and renowned IT parks in India. The number of multinationals in Pune is frequently on the rise, boosting the city’s employment rates. As for educational institutions, Pune offers a rich legacy; from the University of Pune to Fergusson College to Symbiosis, from the ILS Law College to the Armed Forces Medical College,
Pune probably has more world-class educational institutions per sq. km than any other city in India. These employment & educational hubs have brought steep demand in residential & commercial real estate. The property prices have been moving upwards steadily.
Infrastructure Boost
There has been a continual development in the city’s infrastructure, especially in nearby areas of Hinjewadi such as Aundh, Bavdhan, Kothrud, Pashan, and so on. There are various shopping and business centers, social hubs, active living avenues, natural spots, schools, restaurants, and hospitals in the area. Furthermore, all these civic amenities are located in close proximity to the IT zone.
Easy Connectivity to Mumbai
The reason that attracts Mumbaikars to Pune like no one else is its proximity and excellent connectivity to Mumbai. The thriving IT sector, greenery, pleasant weather conditions, safety, good educational institutions, and most importantly good ROI are a few key parameters that are driving Mumbai real estate investors to Pune.
These are the key reasons investors from Mumbai are coming to Pune for real estate investment. Goel Ganga Developments, one of the most trusted real estate developers of Pune offers great projects with contemporary amenities for you to enjoy a modern living.
Book yourself 2 & 3 BHK flats in Pune at great deals now.
