23 reasons to invest in a property in Pune
While real estate investments are known to generate wealth over time, finding the right location and property to invest in can multiply the returns on investment. Most investors look for developing areas as the potential for price appreciation is high. Today, we are going to talk about one such city – Pune. Over the years, Pune has been called by many names – The Queen of Deccan, The Cultural Capital of Maharashtra, Oxford of the East, etc. It has also been awarded the title of being the Most Liveable City of India in 2018 and continues to remain among the top few cities in the list. This makes it an attractive destination for real estate investments. In this article, we will list 23 such reasons that make Pune a great city for real estate investments in 2023.
23 Reasons to invest in a property in Pune
1. Growing population and increasing demand for housing – Pune’s population has been growing at a steady pace resulting in an increased demand for housing
2. Strong economic growth and job opportunities – Over the years, the city has experienced strong economic growth resulting in increased job opportunities. This has boosted the income of local people and attracted professionals from other cities, resulting in an increase in property prices and rents
3. Developing infrastructure and transportation – The city's infrastructure and transportation is also undergoing rapid development, making it easier for residents and investors to move around and access key amenities and services.
4. Proximity to major IT hubs and educational institutions – Pune is a major IT and educational hub and attracts thousands of professionals and students resulting in an increased demand for housing
5. Low cost of living compared to other major Indian cities – Pune has a relatively low cost of living compared to other major Indian cities, making it an attractive destination for investors looking for good returns on their investments.
6. Favorable government policies and incentives for real estate investment – The government has implemented several policies and incentives to encourage real estate development and investment in Pune.
7. A large student population and rental demand – With numerous universities and educational institutions, Pune has a large student population living in rental homes. This has caused the rental market to boost over the years
8. Growing tourism industry – The city's growing tourism industry is also providing investors with the opportunity to generate rental income from short-term rentals.
9. An abundance of natural beauty and recreational options – Pune is also known for its abundance of natural beauty and recreational options, making it an attractive place to live or invest in.
10. Wide range of property options and prices – Pune's real estate market provides investors with a wide range of options, from budget-friendly apartments to luxury villas.
11. Strong potential for capital appreciation – Being a growing city, Pune offers a strong potential for price appreciation of commercial and residential properties
12. High rental yields – With a large percentage of the population coming from other cities for jobs or education, the demand for rental homes in Pune is high. While this demand keeps increasing every year, the number of available houses does not increase at the same pace. Hence, rents rise at a fast rate every year.
13. Established real estate market and matured property market – Pune has an established real estate market and matured property market making it a versatile real estate investment destination
14. Multiple luxury and premium housing projects – Pune has developers like BramhaCorp offering a range of luxury and premium housing projects like THE COLLECTION, F RESIDENCES, and AUGUST TOWERS.
15. Developing social infrastructure such as schools, hospitals, and shopping centers – Pune is undergoing rapid development in terms of social infrastructure, with a growing number of schools, hospitals, and shopping centers being built to meet the needs of its expanding population
16. An increase in the number of planned townships and residential projects – The increase in these projects reflects the growing demand for housing in Pune, providing investors with strong potential for capital appreciation and rental income
17. Developing commercial and retail spaces – These developments are providing businesses and shoppers with a wide range of options, and are also creating new job opportunities, and driving economic growth in Pune
18. Good connectivity to other major cities and towns – This good connectivity to other major cities and towns makes Pune an attractive destination for both residents and investors, providing easy access to key amenities and services, as well as job opportunities and business opportunities in other cities and towns
19. MNCs, IT, and manufacturing companies setting up base in Pune – This is mainly due to the city's growing economy, well-developed infrastructure, and a large pool of skilled workforce.This growing presence is driving economic growth in the city and creating new job opportunities, making it an attractive destination for both residents and investors.
20. An increase in the number of international schools and educational institutions – Thisis providing students and their families with a wide range of options and a global perspective. The increase in these institutions also reflects the growing demand for education in Pune, providing investors with a strong potential for rental income.
21. A growing number of healthcare facilities and hospitals – Thisis improving the overall quality of life in Pune and making it an even more attractive place to live and invest in. It also provides additional opportunities for investors to invest in healthcare real estate
22. An increase in the number of recreational and entertainment options – Thisis making Pune an even more attractive place to live and visit, and also providing additional opportunities for investors to invest in entertainment and leisure real estate.
23. A growing number of international standard hotels and resorts – This is making Pune an attractive destination for visitors and tourists and creating opportunities for investors to invest in tourism-related properties
One of the main reasons to invest in a property in Pune is the presence of renowned and reliable developers like BramhaCorp. If you are looking for a residential project in Pune or a commercial real estate project that offers a high potential for returns, then BramhaCorp properties offer the right mix of quality, location, and connectivity.For commercial projects, you can consider investing in BRAMHACORP BUSINESS PARK at New Kalyani Nagar or BOULEVARD TOWERS at Pune Camp. On the other hand, for residential projects, THE COLLECTION& BRAMHACORP SMART at New Kalyani Nagar, BRAMHACORP TOWNHOUSE at Balewadi, and the newly launched AUGUST TOWERS at New Kalyani Nagar are good investment options.