The real estate sector in India witnessed major reforms this year. Acts like RERA and GST brought in a more regularised and transparent system, both for the builders and consumers. With a systematic approach in the construction market, the prospects for business are higher. In a market like Pune, where growth and development are on the rise, real estate investment in Pune can be very profitable.
Here’s why Pune is a favourable location for the buyers:
– Employment Opportunities: Pune city is now matured into an IT and manufacturing hub with countless employment opportunities. Areas like Hinjewadi, Magarpatta, Aundh and Kharadi are the major spots of IT centres in Pune. With more number of workforce emerging, the demand for real estate investments is surging in these areas.
– Educational Hub: Pune, also known as the Oxford of the East is home to nationally and internationally accredited educational institutions. Students from across the globe come to Pune for their education, which resulted in the rise in the number of township projects and residential areas.
– Infrastructural Development: Locations such as Aundh, Baner, Kharadi, Viman Nagar and Wakad have witnessed a significant improvement in their infrastructure, owing to their proximity to the IT hubs. Also, the Smart Cities Mission ensures even better infrastructure in the near future.
– Steady Return on Investment (ROI): The emergence of the IT sector & improved social infrastructure has contributed significantly to Pune’s steady appreciation over the years.
– Proximity to Weekend Destinations: Pune enjoys proximity to weekend destinations such as Khandala, Lonavala, Alibaug, Kashid and more, giving you ample choices to spend your holidays. Blessed with a good weather itself, Pune is also a retirement home for many people looking for a peaceful life.
By and large, it’s safe to say that Pune city makes for one of the most profitable locations for investment in India. If you are someone who is willing to invest in luxury homes in Kharadi , Pune, take a look at Ganga Platino by Goel Ganga Developments, a luxury property in Kharadi, Pune that offers the perfect blend of natural beauty, luxury and convenience. Enjoy the best of living in a sought after location. The area offers proximity to prime locations of Pune like Koregaon Park and Viman Nagar.