The remarkable development of the IT industry in Pune is responsible for the surge in demand for both residential properties in the city today. Coupled with fast social and civic infrastructural development across the city, several localities in Pune are attracting both investors and property seekers. From real estate projects in Hadapsar to projects in Wakad, the cosmopolitan city offers a comprehensive package for investors. Apart from location, the investment value of a property also depends on the best property developers in Pune.
Having said that, here are the top localities in Pune ripe for residential investment:
Hadapsar: Being an area which has undergone immense IT transformation, properties in Hadapsar has seen a drastic makeover. Companies such as IBM, Accenture, TCS, SAS to name a few, have set up their base in this locality. This has increased the residential demand with property rates appreciating each year.
Viman Nagar: With good transportation facilities, proximity to the airport and presence of 2 major IT Parks, Viman Nagar offers a range of residential options. With developing infrastructure, major entertainment zones and renowned educational institutes, property rates in Viman Nagar have increased over the years.
Wakad: Wakad has witnessed a major transformation owing to the top-notch infrastructure, continuous water and power supply and the emergence of Hinjewadi as a major IT hub in the city. The area also has major hospitals and educational institutes which have contributed for the demand in residential properties in the locality.
Koregaon Park: An ideal mix of luxurious properties, happening social scene and green, open spaces, Koregaon Park is a favoured location for residential investment. From pre-elementary schools to global institutions; from health care to shopping centres, bars and eateries, this locality can satiate every homebuyer’s needs.
What makes Pune an attractive property investment destination is that the city’s residential property market has maintained its momentum even in a challenging economic environment. Being one of the best-performing residential real estate markets in the country, many areas in Pune have exceeded the average price value appreciation. An ideal place to invest in residential properties in Pune is Amanora Park Town – India’s first fully integrated smart city. The location is perfect as it is close to Magarpatta city, Fatima Nagar, Camp etc. The entire development consists of one of the most lavish residential apartments, hotels and other entertainment & convenience zones in the vicinity. All the projects offer luxury amenities that you will find nowhere else in Pune.