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10 Apr 2024

Pune Real Estate: Top 5 Investment Opportunities for NRIs

5 investment for NRIS in Pune

The luxury real estate market in Pune is experiencing a remarkable transformation, fueled by the city's rapid infrastructural developments, an influx of employment opportunities, and an expanding array of social amenities. This growth has propelled Pune into the spotlight for real estate investments, particularly among Non-Resident Indian (NRI) investors. Recognizing this burgeoning demand, esteemed developers are diligently crafting residential projects in Pune that transcend ordinary living spaces, offering modern homebuyers the pinnacle of luxury and convenience.

  1. City Rise by Amanora - Redefining Luxury in Kothrud

    City Rise by Amanora epitomizes luxury real estate in Pune with its lavish 22-story structure that promises to be a landmark in Kothrud. The project features 2, 3, and 4-bedroom ultra-premium residences, each designed with an emphasis on grandeur, aesthetics, and utility. A hallmark of luxurious living, City Rise offers an array of handpicked lifestyle amenities and meticulously curated specifications, ensuring a living experience that is both grand and intimate.

  2. Amanora Crown Towers, Hadapsar - A Synonym for Luxury and Comfort

    Crown Towers presents luxurious 2, 2.5, 3, and 4 BHK & duplex flats in Pune, starting from ₹1.58 CR*. This project is a testament to luxury real estate in Pune, offering duplex flats and 3 BHK duplex flats in Pune that redefine the concept of sophisticated living. With twin towers rising 31 stories, Amanora Crown Towers is designed to provide a lifestyle that combines luxury, convenience, and exclusivity, making it an ideal choice for buying property in Pune.

  3. Amanora Arbano Towers, Hadapsar - The Essence of Urban Chic

    Arbano Towers at Amanora Park Town brings to life the vision of urban living with its luxurious flats in Pune. Set within a sprawling urban township, these 4 iconic 33-story towers offer an exclusive premium living experience. For those looking at real estate investment in Pune, Arbano Towers presents a compelling opportunity, offering 1, 2, 2.5, 3, 3.5, & 4.5 BHK flats in Pune with its future-ready amenities and comfortable conveniences, epitomizing urban luxury at its best.

  4. VTP Bellissimo, Mahalunge-Hinjewadi - Sustainability Meets Luxury

    VTP Bellissimo, situated in the Mahalunge-Hinjewadi area, stands out among the best real estate projects in Pune. This project offers a mix of 1, 2, and 3 BHK apartments, with a strong focus on sustainable living without compromising on luxury. For NRIs considering buying property in Pune, VTP Bellissimo offers an attractive proposition with its eco-friendly practices, strategic location, and modern amenities.

  5. Kohinoor Kaleido, Kharadi - A Benchmark for Luxurious Living

    Kohinoor Kaleido in Kharadi redefines luxurious flats in Pune, offering premium 2 and 3 BHK apartments. This project is a beacon for those seeking luxury real estate in Pune, with its modern amenities, quality construction, and strategic location ensuring a lifestyle that is both luxurious and convenient. Kohinoor Kaleido represents the pinnacle of residential projects in Pune, making it a prime choice for NRIs looking to invest in Pune's dynamic real estate market.

Conclusion

Crown Towers and Arbano Towers at Amanora Park Town are emblematic of the best real estate projects in Pune, offering unmatched luxury, convenience, and sustainability. These projects stand as testament to the lucrative opportunities available in Pune's luxury real estate market, especially for NRIs seeking to make a sound real estate investment in Pune. Investing in these projects not only secures a piece of Pune's thriving real estate landscape but also offers a lifestyle that's unparalleled. For those ready to take the leap into buying property in Pune, exploring these exceptional projects is the first step towards owning a home that’s truly extraordinary.

FAQs

Q1. What is the tax on NRI buying property in India?

Non-Resident Indians (NRIs) buying property in India are subject to certain taxes. They are liable to pay income tax on any rental income earned from the property. Additionally, they must pay capital gains tax if they sell the property, with rates varying based on the duration of ownership. It's advisable to consult with a tax advisor to understand the obligations of property tax for NRIs fully.

Q2. Is it a good time for NRIs to buy property in Pune?

Yes, it's currently a favourable time for NRIs to buy property in Pune. With the city's robust real estate market, stable property prices, and favorable exchange rates, NRIs can capitalize on excellent investment opportunities. Pune's growing infrastructure, job opportunities, and quality of life make it an attractive destination for long-term property investment.

Q3. Is it worth investing in Pune real estate?

Yes, real estate investment in Pune can be worthwhile. The city offers a thriving real estate market with steady appreciation rates and diverse investment opportunities. Pune's robust infrastructure, burgeoning IT sector, and educational institutions make it a desirable location for both residential and commercial investments, promising potential long-term returns for investors.

Q4. How can NRIs invest in real estate in Pune?

NRIs investment in Indian real estate in Pune can be done by following specific regulations set by the Reserve Bank of India (RBI). They can invest in residential and commercial properties, subject to certain conditions, such as obtaining necessary approvals and adhering to Foreign Exchange Management Act (FEMA) guidelines. Working with reputable real estate agents and legal advisors can help navigate the process efficiently.

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