By Soniya Gaonkar on Jan 20, 2022 5:26:45 PM
Some cities are ideal for job seekers, some for investors, and others for retirees. Pune, on the other hand, is one of the few places that is equally suitable for investment, employment, and retirement. Let's take a look at how this city attracts retirees, investors from adjacent city dwellers such as Mumbai, and job seekers alike.
Pune has a lot of history, but in 1998, when it entered a new era of development, the modernization of Pune began. In Hinjewadi, the foundation for one of India's most promising IT centres, Rajiv Gandhi Infotech Park, was laid, and it was finished in 2002. Pune has had an IT revolution since then, bolstering its position as a top destination for employment seekers.
Hinjewadi is home to many top IT and ITeS companies, including Tech Mahindra, TCS, Infosys, and others. As a result, the city has seen an influx of techies from all over the country. Slowly, this town has evolved into one of the country's most popular residential regions.
But, should you put money into Pune? Is it the right place for you? Here are five compelling reasons to invest in this rapidly developing metropolis.
1. Great Return on Investment
Pune has drawn international investors throughout the years due to its constant capital appreciation, particularly for resale property. Only a few areas of the city, such as Hinjewadi, Baner, Sus, Kharadi, BT Kawade Road, Tathawade have experienced significant price hikes.
Because real estate is not a particularly liquid asset, it is difficult to convert into cash quickly. Pune is a well-established market with a huge number of participants who can sell and buy the asset without affecting the price significantly.
2. Plenty Employment Opportunities
Due to a strong IT industry and rising employment chances in a range of industries, Pune is a popular destination for job seekers, particularly bachelors wishing to start a family.
Pune is known as the educational hub of the state, with a number of well-known schools and institutes that provide excellent educational standards in terms of teaching personnel and curriculum for your child's complete development.
In suburban areas like Viman Nagar, Wakad, Baner, and Hinjewadi, the rapid growth of a number of residential complexes and integrated townships has led to the establishment of a number of national and international educational institutions. The city is transforming into a thriving employment centre with a variety of career opportunities, particularly in the IT and ITes industries.
3. Amazing Income Opportunities
Unlike most other investments, real estate generates steady and predictable cash flows. Pune's growth as a technology and automotive hub has attracted a growing number of people looking for jobs.
This is closely related to the fact that because of the high demand from migrant populations if you invest in Pune, you would almost likely obtain rental income.
4. Modern Infrastructure
The city's physical infrastructure has grown significantly as a result of growth on the periphery, such as M.G.Road, Koregaon Park, and Bund Garden. The robust infrastructure on Pune's outskirts, such as Pashan, Sus, Wakad, and Aundh, among others, has resulted in a surge in demand for flats and apartments.
Within the region, as well as to other cities and global locations, Pune is well connected by air, train, and road. Pune Mahanagar Parivahan Mahamandal Limited (PMPL) runs a city bus service that makes it easy to get about the city and contributes to the indirect increase of Pune real estate values.
5. Incredible Tourism
Pune is a popular tourist destination because it is close to several old forts and hill stations. As a result, Pune attracts a huge number of visitors from all over the world, boosting the city's real estate market.
The city's architectural splendour can still be observed today, providing a look into its historical significance. The city's rich heritage will take you to a time when the Peshwa and Marathas reigned supreme, from majestic palaces and forts to intricately carved temples.
Pune is a famous tourist destination because it is close to various ancient forts and hill stations. As a result, a large number of tourists from all over the world visit Pune, adding to the city's real estate boom.
Now you may ask - which is the best area for investment in Pune? So, here is your answer.
"I want to buy a 2 BHK apartment in Pune," says a question on MagicBricks Forum. Which area will provide the best returns?" and "How is Hinjawadi and its surrounding areas for a living?" say other questions. Hinjewadi, Sus, Tathawade, BT Kawade Road, Wakad, and Pashan are excellent investment opportunities as well as wonderful places to live. These locations are favoured by techies and business people due to various famous real estate buildings in the neighbourhood clamoured with IT offices.
Is that all there is to it? No, there's more than that.
The expanding demand for livable flats, rising appreciation rates, and rising rental revenues have all had a significant impact on investors' investment decisions in these areas. Property values have increased by 12.4 percent in 2019 compared to 2017, according to Makaan.com. In Sus, an investment of Rs 50 lakh in a well-planned flat would easily bring you to rent of Rs 15,000-25,000 per month. Rental earnings and property values are expected to rise in the coming years as a result of the plethora of job opportunities created by IT and ITeS enterprises in Rajiv Gandhi Infotech Park.
Sus also rises in prominence as a result of its advantageous position and connectivity. The area is well-connected to other sections of the city as well as the neighbouring city of Mumbai, as it is located near the Pune-Bangalore National Highway.
With the finalization of the neighbourhood, the question arises where should I invest? And the answer is Kohinoor Emerald.
In the Sus Valley of Pune, Kohinoor Emerald is meant to bring you great joys of tranquil breaths and laughter that will last a lifetime. Valleys greet you here, at Emerald, with lush green hills all around and a nice breeze from Pune's perpetually blossoming weather.
It supplies you with your ideal 2BHK Flat in Sus Gaon Pune, Kohinoor’s Sada Sukhi Raho Philosophy prevents any hint of anxiety from appearing on your face. Along with the pleasures of valley life, you get branded homes with sustainable living, a healthy lifestyle, maintenance assurance, and 24X7 security.
Kohinoor Emerald offers a premium 2 BHK flat in Pashan Sus Road Pune from Rs. 54.03 Lacs. Contact us today or visit www.kohinoorpune.com for more information.