Pune is transforming into a fascinating hub of vibrant culture and a thriving IT industry. The city has witnessed tremendous real estate development in the last few decades. Its impressive growth is driving demand for affordable housing. To fulfil such massive footfall, important property builders are making infrastructural investments in the various localities of Pune.
Here, we have explored the top 5 areas in Pune where you can find budget-friendly flats. Let’s start now!
Top 5 destinations to find a home in Pune
Hinjewadi: Hinjewadi and the Rajiv Gandhi IT Park are a couple of names. As Pune’s top IT hub and other commercial areas, this region features several affordable residential projects. Residents have seamless connectivity to several IT/ITeS companies, educational institutions, and recreational amenities.
Wakad: Strategically located and well-developed, Wakad is the place for those looking for affordable living. The flats here perfectly balance comfort and community spirit, tailored to meet residents’ crucial needs. Wakad is close to several universities, hospitals, shopping malls, etc., making it a perfect location for a profitable real estate investment in Pune.
Hadapsar: A rapidly growing IT and industrial belt, Hadapsar provides a good balance of fun, living, and working. Magarpatta Road fills up with companies that nurse the growing demand for flats with 2 and 3-bedrooms and kitchens. The site’s proximity to the Pune Railway Station and its accessibility by major roads are the two factors that make it an ideal destination for people looking for a house.
Kharadi: An area of vibrant cosmopolitan and IT parks, Kharadi is today a preferred housing district. Several top developers provide modern housing complexes that combine comfort with the lowest prices. As a bonus, the locale boasts its closeness to malls, restaurants, and amusement places.
Undri: This residential area of Pune is observing rapid infrastructure development and is located in calm surroundings, promising its future as an excellent residential area. Undri offers affordable 2 BHK flats in Pune and all the modern amenities in a peaceful setting, as well as easy access to top schools and healthcare facilities. These developments make Undri a comfortable residential area, especially for families looking for affordable accommodation.
What to consider while choosing a location for property investment in Pune?
Pune is a rising city! It has become a symbol of India’s real estate growth and tech revolution. Driven by speedy infrastructure development, the city is evolving into a dynamic breeding ground for IT, innovation, and modernisation.
Connectivity
Let’s say you choose to live closer to top amenities and facilities. Whether you are investing in a plot or house, hassle-free accessibility to your desired location should be your top priority. Of course, your house has to be close to everything, so choose a well-connected location where you can go both by car and via railway in just a few minutes.
Social & Civic Infrastructure
Pune’s infrastructural growth is remarkable, as it has a dependable metro system and many facilities. Pune has the best-known educational institutes and a huge variety of eating and entertainment spots for the locals. When choosing sites, consider whether they have strong social and civic infrastructure.
Future Development Potential
The IT industry in Pune is buzzing, bringing multinational companies and making the city even more appealing. Before investing, especially in new construction 1 BHK flats, check for the area’s planned development. This usually significantly increases your investment value and forms the basis for good returns.
Thanks to its metro expansion and IT growth at various localities, Pune is successfully wooing many real estate investors to participate in the city’s evolving infrastructure.
Property Appreciation Rates
In Pune’s dynamic real estate market, property appreciation rate and selling price are two main factors contributing to smart investments. Job centres and capital improvements also change property prices.
To keep up with the rising population, focusing on areas with good capital growth might be necessary because the demand for housing will increase. Popular housing projects in the area, such as Godrej Sky Greens, Kohinoor Famville, Lodha Bella Vita and VTP Dolce Vita 3 BHK apartments, are witnessing appreciation in property values.
Funding the projects with construction phases ahead keeps your investment value in line with the forthcoming growth.
Resale Value
Pune’s continuously developing economy and increasing population usually set the stage for profitable resales in the property market. The city’s population diversity, including students, professionals, and families, ensures an equally strong demand for all housing types.
Houses close to educational institutions, small businesses, and recreational facilities like parks regularly have high resale values. Moreover, well-maintained properties in ideal locations can fetch prices over market value because of their popularity among potential buyers.
There are excellent possibilities for investing in the Pune real estate market. This will allow you to consider these key elements, do in-depth research, and choose the exact location that will suit your property investment.
