by aartiReal Estate Investment in Pune: Exploring New Real Estate Projects in Pune
Real estate investment opportunities are continuing to grow in the City of Pune, which has become one of India’s top real estate investment destinations. While Pune is known for its large number of IT companies, schools, factories and rapidly improving infrastructure, it is also becoming increasingly popular with both existing homeowners and new investment buyers. Pune offers many great opportunities for potential property investors, with its fast-growing residential neighbourhoods, the ability to purchase property where there is a strong market for short-term rentals, and many new developments that will meet the needs of both homeowners and rental tenants.
Pune’s real estate market continues to expand. Many promising localities have appeared in the last two years that offer some great opportunities for potential real estate investors looking for either long-term appreciation or rental income as they become available for purchase or rental after being completed.
Reasons for Investment in Pune
Economic stability is one of the primary drivers for the continued increase in demand for residential properties, as Pune has experienced steady economic growth over the past ten years, which has resulted in continued influx of new working professionals moving into the area from across the nation to work in the new IT parks, the new business districts, and the new industrial areas within Pune. Continued growth of these new working professionals and their family members provides a steady demand for good quality housing in Pune, as well as a solid and stable real estate market for both existing homeowners and for future investors.
In addition to the continual steady influx of newly working professionals moving into Pune to help drive demand for housing, Pune continues to experience a continued rise in the value of its residential properties, as new infrastructure improvements, such as the expanding metro system, continue to provide a higher quality of life and will positively influence increasing property values in the future.
Top Growth Areas in Pune for Real Estate Investment
Over the past several years, many localities within Pune have begun experiencing significant growth because of new investments made in their infrastructure, which will provide additional new opportunities as they continue to grow.
Bavdhan is very close to Kothrud and Chandani Chowk, as well as having easy access to the Mumbai-Bengaluru highway. A balance of modern infrastructure, education and greenery makes the area an ideal place to live.
Bavdhan is one of the fastest growing residential corridors in Pune, offering premium options for home buyers.
Bhugaon has been gaining popularity because it has a serene environment with good connectivity to major commercial areas. It has several large-scale residential projects, beautiful views and ample access to commercial hubs.
Bhugaon will see very strong growth in property values due to the continued development of infrastructure in the area.
Wagholi has established itself as one of the most attractive and affordable areas in Eastern Pune for investment. There has been a dramatic increase in residential demand due to improved connectivity to Kharadi, EON IT Park and other major business centres. The price of new housing units is now very competitive with existing units, making it a great option for investors and first-time buyers.
Investing in New Real Estate Projects in Pune – The benefits of Investing in New Real Estate Projects in Pune today’s Homebuyer is looking for much more than just a house when purchasing a home. Today’s homeowner wants a modern, well-designed space that will comfortably accommodate their lifestyle and do so with low maintenance. Today’s New Homes are designed to meet the needs of today’s homeowners by providing a full range of modern-day amenities. Some examples include:
- Clubhouse
- Fitness Centre
- Children’s Play Area
- Landscaped Gardens
- Advances Security Systems
- Community Areas
The addition of modern lifestyle amenities will enhance the overall living experience of the property, thus improving its long-term value.
Investing in a New Development area as opposed to a mature area has a much greater potential for appreciation than an existing development area.
As infrastructure and commercial development increase, property values in emerging localities will most likely rise steadily.
High Demand for Rental Properties
The continuing growth of Pune’s employed workforce generates continuous demand for rental properties. Properties that are near IT parks, educational institutions, and business centres tend to experience high levels of occupancy and therefore provide excellent investment opportunities through passive income.
Modern Construction Techniques
Most of the new projects are being constructed with the use of the latest construction methodologies and modern architectural styles, resulting in property that has fewer maintenance issues over time, as well as making these properties enjoyable for both future tenants and owner-occupants.
Things to Think About Before Making an investment
Although Pune has many great investment opportunities, investors need to evaluate some other important items before making a final decision:
- Location and accessibility
- Reputation of the developer
- Project approval and registration with Maha RERA
- Infrastructure development in the region
- Potential for future growth
- Rental Demand
By conducting the necessary research, investors will be able to make a real estate investment that fits within their investment asset goals and longer-term plans.
Why Oree Reality Attributes Their Success
Oree Reality has earned a reputation as a trusted real estate developer by creating quality residential developments in some of the best locations within Pune. They are committed to thoughtful design, delivering total customer satisfaction, and providing today’s buyer with newly developed, quality produced homes that evolve as the needs of the buyer continue to change.
If you are considering a family or personal property investment or developing a long-term investment property, Oree Reality’s properties will not only provide you with a superior location but also provide you with superior construction and appreciation over time.
Additional Resources Available
- Oree Reality Home Page
- Cloud 51, Bavdhan
- Cloud 28, Bhugaon
- Residential Properties by Oree Reality
- Contact Oree Reality
Conclusion
Pune continues to be, in many aspects, one of the top cities in the Indian market for investment in real estate. A rapidly expanding economy, increasing available infrastructures, and continually increasing demand for housing all contribute to making Pune an attractive location for both homebuyers and investors. Real estate offers new real estate generally provides buyers with new buildings modern amenities, higher likelihood of future appreciation, and continual demand through rental activity.
As Pune continues to expand, investors need to consider how investing in the right market now can provide them with a significant return on investment in the future. Pune continues to be a market with many opportunities for those investors interested in developing financial assets through real estate.
