By Soniya Gaonkar on May 3, 2022 4:12:51 PM
A recent survey revealed that approx 55% of the software engineers did not own a house in India. Moreover, out of 100 software engineers who don’t own a house, more than 13 percent work in Pune alone.
The reasons for not buying a property and continuing to live on rent are either they don’t know where to invest or how to start investing in real estate.
However, these engineers know that Pune is a fantastic cosmopolitan metropolis that is emerging as a bright spot for real estate investments, and mostly everyone believes the city to be one of the most viable and lucrative locations for residential and commercial real estate investment.
So, to solve the issue at hand, we have gathered all the essential data software engineers need to lock their investment in Pune’s growing real estate market.
Let’s get started.
1. Pune is affordable as compared to other metro cities
Property rates in Pune are reasonable, with prices falling by 8% in the last year in some regions, particularly along the Kharadi – Magarpatta stretch. There have also been some small price corrections in areas, such as Kalyani Nagar and Aundh, due to excess supplies.
2. Pune has significantly more educational opportunities as compared to other tier-1 cities
Pune is known as the Maharashtra state's educational capital, with a number of famous schools and institutions that provide great educational standards in terms of teaching personnel and curriculum for your child's complete growth.
The rapid development of a number of residential complexes and integrated townships in suburban regions like Viman Nagar, Wakad, and Hinjewadi has resulted in the formation of a number of national and international educational institutions.
Also, the city is becoming a vibrant employment hub with several job seekers, particularly in the IT and manufacturing industries.
3. Pune’s real estate offers considerable return on investment
Pune's consistent capital appreciation, especially for resale property, has attracted international investors throughout the years. Similarly, domestic investors have also been able to get more than 100% returns in less than 5 years in from places like, Tathawade, Wakad, Wagholi, and Sus.
4. Pune’s planning offers great Infrastructure
Growth in the city's outskirts, such as M.G.Road, Koregaon Park, and Bund Garden, has resulted in a significant increase in the city's physical infrastructure. Even the outskirts of Pune, such as Pashan, Wakad, and Aundh, among others, have strong infrastructure, resulting in a surge in demand for flats and apartments.
5. Pune’s has very minimum traffic congestion
Pune has less traffic congestion than other Maharashtra cities, particularly Mumbai, which is the city's nearest metropolitan city. This city, unlike many others, is not overcrowded, and hence retains its natural greenery environs, wide roads and ample space.
6. Pune’s is quite safe
Pune is one of the safest cities in India, according to the Numbeo website, with a crime index of 41.69 and a safety strolling alone during daylight hovering at 77.86 percent, according to data based on the perception of users to the website over the last three years.
7. Pune has a smart city model
Pune is a living example of the Smart City Model of development being advocated by the Indian government in the planning of economically, socially, and environmentally sustainable residential complexes.
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8. Pune has projects of all sizes and prices
Due to the wide range of amenities and conveniences accessible in locations like Chinchwad, Baner, and Magarpatta city, the demand for property in Pune for sale has piqued the interest of investors.
9. Pune is great for tourism exploration as well
Pune is close to several old forts and hill stations, making it a popular tourist destination. As a result, a large number of tourists from all over the world visit Pune, contributing to the city's real estate growth.
10. Pune’s connectivity with other cities is superb
Pune is well-connected by air, rail, and road inside the city as well as to other cities and global destinations. The Pune Mahanagar Parivahan Mahamandal Limited (PMPL) operates a public bus service that makes it easy to move within and outside of the city, which is indirectly contributing to the rise in property prices in Pune.
There has been an impressive development in the number of residential properties in Pune lately.
In addition, Pune has initiated the very first model of smart city project, it is a major railway hub, a defence centre, and has convenient access to major economic centres of India – Mumbai region, Bangalore, Chennai and the West Coast.
Furthermore, the city will soon have its metro route operational from the Rajiv Gandhi Infotech Park in Hinjewadi via Balewadi to Shivajinagar.
Now the question comes, where to invest in Pune? And the answer is - Courtyard One, Wakad.
Designed in line with the evolving demands of the modern software engineers, Courtyard One is the next exciting chapter of Hinjewadi-Wakad neighbourhood. Also, panoramic views, resort-like indulgences, proximity to various conveniences and excellent connectivity makes this the perfect choice for those who want only the very best.
It consists of premium 2 BHK Flats in Wakad and Luxurious 3 BHK Flats in Wakad.