By Soniya Gaonkar on Dec 28, 2022 11:13:31 AM
Each Indian state has distinct social, physical, and economic characteristics, and they offer a variety of opportunities for domestic and foreign investors seeking profitable real estate investments. Maharashtra is a state that draws investors for a variety of reasons. Pune and Mumbai are the most popular tourist destinations in Maharashtra. Mumbai, India's financial, entertainment, and commercial capital, has long been favored by investors due to its potential for growth. However, Pune was always thought to be its weaker cousin. Despite no role reversal, Pune has emerged as India's second most popular investment destination. In terms of financial and commercial success, it now competes with Mumbai. Let us look at why this city attracts more investors than other growing metro cities in India.
Pune, with its fast-growing infrastructure and opportunities, has become a hub for the IT industry. The education industry has always been deep-rooted in the city for years. Having a home in Pune benefits, as the city is a complete package of opportunities and enthusiasm.
With the rise in the demand for investments in residential real estate, Kohinoor Group Pune has best residential projects in New Wakad and gives you a wide range of investment opportunities.
One of the World's Fastest Emerging Cities:
Pune has been named one of the world's fastest growing cities. This was confirmed by the Mercer 2017 Quality of Living Ranking, which ranked Pune 145th out of 440 world cities competing for the title of most habitable cities. According to Mercer's Index, Pune is the city with the most IT and automotive companies.
A Powerful IT and Automotive Hub:
Pune is a hub for IT industry and has developed a base in Pune. The city is a hub for opportunities and attracts a lot of people with an IT background to live in the city. Pune drew the attention of a lot of people surrounding the city, and the construction of the Mumbai-Pune Expressway and Hinjewadi changed everything. Today, it is home to several domestic and international IT companies and has developed into India's strongest IT corridor. IT companies in Hinjewadi and the surrounding areas of Baner and Balewadi, as well as the eastern suburbs of Kharadi, Yerwada, and Magarpatta, attract many IT service professionals. As a result, demand for residential properties has increased.
Upcoming residential projects in New Wakad will help to build a lavish lifestyle in Pune. Investment in Pune grew with the emergence of real estate developers like Kohinoor Group in Pune who created premium real estate projects in which you can make an investment by living in any corner of the world.
Did You Know That Pune Is:
The city has an eclectic mix of automobile, information technology, and manufacturing companies, as well as private and public sector research institutes.
It is the country's second-largest IT hub, with most IT companies having registered offices in Hinjewadi, Yerwada, and other Pune suburbs.
A location for several large and small automobile and engineering firms.
After Mumbai, it is the state of Maharashtra's second-largest city.
It is one of India's top five FDI investment destinations, with the most domestic and FDI investments under the "Magnetic Maharashtra" and "Make in Maharashtra" programmes.
With a GDP of $60 million, it is India's seventh richest city.
The most popular start-up destinations in India, with over 400 start-ups in residence.
The Progressive Education Network
What makes Pune the "Oxford of the East"? The answer is that it has over 811 colleges, producing more than 30% of the graduate workforce. This has resulted in a sort of information technology revolution in the city. The educated citizens of this city have contributed to the city's growth in a variety of ways.
The city of Pune intends to increase public transportation by 50% by introducing e-buses and e-auto rickshaws. In addition, the Pune Metro system, which currently has three lines, is being planned. The first line will run between the PCMC building and Swargate, the second between Vanaz and Ramwadi, and the third between Hinjewadi and Shivajinagar.
Several factors combine to make Pune an NRI and domestic investor's dream. Do you intend to make a residential investment? Perhaps we can assist you in making it a reality. Contact our experts right away!
Look out for investment opportunities in Pune, residential properties in New Wakad by Kohinoor Group are the most premium way to go for investments in Pune. Know more about Kohinoor Group in Pune.