5 Reasons That Make Luxury Living in Pune a Good Idea
Pune is expanding rapidly, with new projects from renowned developers becoming a common sight. But why is this happening? Because the city is increasingly favored by millennials, especially those seeking a high-quality lifestyle. Today, let’s highlight why Pune is a great investment avenue for investors and homebuyers.
What Makes Pune a Desirable Real Estate Destination
The real estate appeal of any city hinges on what it offers its residents. In Pune’s case, there’s plenty. But before we delve into that, let’s start with the demand and supply dynamics.
1 – Thriving Economy & Demand
Pune recorded over 45,000 units sold between January and June 2023, making it India’s fastest-growing real estate market among metros. This is a significant increase from 2019 when 32,250 housing units were sold between January and June.
A major driver of this demand is Pune’s transition into the country’s central IT hub, employing over half a million professionals. Additionally, the city is an established hub for automobiles, competing directly with cities like Chennai. The industrial, healthcare, and educational sectors also contribute significantly to Pune’s dynamic economy, making it a desirable real estate investment choice with skyrocketing demand for buying apartments in Pune.
Excellent connectivity to Mumbai and nearby cities, a preferred employment destination, and improving infrastructure also boost investor confidence in Pune.
2 – Strategic Location & Robust Connectivity
Location is crucial in real estate, and Pune’s strategic location makes it an attractive investment destination. The city enjoys robust connectivity through roadways, airways, and railways.
The following expressways and highways surround Pune:
- Mumbai-Pune Expressway
- Pune-Solapur Road
- Pune-Mumbai Highway
- Pune–Ahmednagar Road
- Mundhwa Bypass
- Pune–Nashik Road
Proposed roadways like Pune Outer and Inner Ring Roads will further enhance connectivity to neighboring towns and villages. Pune already has an international airport providing direct global accessibility. Additionally, the Pune Metro is the city’s latest addition to its connectivity infrastructure, offering more accessible, affordable, and faster commutes.
3 – Employment & Educational Opportunities
As mentioned earlier, Pune has a mixed and diversified economy. The major employment sectors in Pune include:
- Information Technology (IT)
- Healthcare
- Industrial and Automotive
- Engineering
- Education
The city offers employment opportunities in diverse fields. Hence, buying an apartment in Pune near employment hubs ensures appreciating rentals and good capital appreciation in the future. This is why apartments in Hinjewadi, Wakad, and other employment centers remain highly sought after.
Besides being a major employment hub in Maharashtra, Pune boasts over 800 educational institutions. Savitribai Phule Pune University, IIT Pune, Symbiosis International University, and Fergusson College are some of the most esteemed universities.
These institutions attract students from across India, sustaining a steady demand for affordable student accommodation. Since Pune is home to young professionals and students, the demand for smart homes in Pune is constantly increasing.
4 – High Return on Investment
Unlike the real estate markets of metropolitan cities like Mumbai and Bengaluru, Pune, despite its demand, remains relatively affordable. Buying a home in Pune is a good choice for buyers with varying budgets.
However, real estate prices in Pune vary greatly by location. High-demand areas like Koregaon Park offer luxurious properties in pune at a premium price. Most luxury flats in Pune are centered here. Areas like Hinjewadi, Kharadi, and Wagholi have seen a good return on investment in recent years due to increasing demand and remain among the top choices for IT professionals.
5 – Quality of Life
Pune combines cultural heritage with modernity. The city hosts beautiful gardens, heritage monuments, malls, and entertainment avenues. The Western Ghats surrounding Pune contribute to the city’s pleasant weather year-round, enhancing its livability and making it one of the most desirable cities in India.
Upcoming Infrastructure
ABIL GROUP is one of the leading property developers in Pune, established with the vision of Mr. Avinash Bhosale and currently led by Mr. Amit Bhosale. They are committed to continually evolving to meet the challenges of a dynamic business environment. Their core values focus on sustainable expansion by emphasizing excellence, inclusion, equality, and efficiency. With a strong and well-defined long-term vision, the Avinash Bhosale Group has grown into a business conglomerate with expertise spanning real estate, infrastructure development, and hospitality.
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Buying apartments for sale in Pune offers an excellent opportunity to live in a city that balances work, education, and quality of life. With robust infrastructure, diverse employment opportunities, and affordable real estate, investing in apartments in Pune promises a high return on investment and a superior lifestyle.
