Pune is the second largest metropolis in Maharastra. It is a renowned educational and cultural hub. Further, it is an emerging IT and commercial hub of the country. It is known as a multi-cultural and multi-ethnic urban city and is ranked as the seventh-largest metropolitan economy in India. It has a strong industrial base and has the sixth-highest income per capita in India.
Pune is one of the 109 cities selected for India’s Smart Cities Mission. According to India’s Urban Development Ministry report, Pune is the eighth-fastest city in implementing its Smart City Plan.
According to the Ease of Living Index 2022, Pune ranked as the second-best city to live in India, with a score of 66.27 out of 100.
In a nutshell, Pune is an ideal city in Maharashtra to live in and invest in. This blog highlights some of the best locations for real estate investment in the Pune real estate market.
Pune offers considerable career prospects at Hinjewadi and Magarpatta IT Hubs. It offers an entertaining life at Koregaon Park, Viman Nagar, and Balewadi. Read on to explore the top 5 locations for property investment in Pune in 2023.
Hadapsar incorporates IT parks, industrial areas, and a wide range of residential projects in Pune. It is a major employment hub with many technology parks and corporate campuses. The locality has proper road and rail connectivity. Also, it is well-connected to Pune International Airport.
Hadapsar offers abundant social and retail amenities. A renowned hospital like Villoo Poonawalla Memorial Hospital is in Hadapsar. The area also has notable malls and eateries for shopping and dining. Hadapsar houses many constructed and under-construction premium flats in Pune, like Amanora Future Towers, Kumar Pebble Park, and more.
Pimple Saudagar is known for its wide range of premium flats in Pune. It offers good connectivity to neighboring localities via buses. The Pimpri Railway Station is merely 10 minutes away, and the Pune Airport is about 20 minutes from Pimple Saudagar.
Pimple Saudagar has a good social and retail infrastructure. The locality has institutions like PCMC Annasaheb Magar School and ITE College of Management & Research. There are many healthcare facilities like Maxcare Hospital. A few key residential projects in Pune by Vivanta, Avnee Landmarks, and more are developing in Pimple Saudagar.
Wagholi is a developing locality known as the gateway to the mining hub in Pune. It has proximity to major employment hubs like Kharadi and Koregaon. It is connected with the rest of the city via Bakori road. Pune Railway Station is merely 30 minutes away, and the airport is just 10 minutes away.
Wagholi houses a few reputed educational institutions like Lexicon International and Raisoni College. Also, there are many healthcare facilities like Imax Multispeciality Hospital. Significant malls and markets in Wagholi include Samundra BA Hub and local markets on Raisoni road. Key luxury apartments in Pune, like Alfa Life Space, Blithe Icon, and more, are located in Wagholi.
Baner is a well-known residential cum commercial locality. There are many software companies and many employment hubs in Baner. Hence, it fits entrepreneurs or budding businessmen/women looking for commercial office space in Pune. The locality has adequate connectivity with the neighboring localities. Pune Railway Station and Pune International Airport can be reached in an hour. Moreover, the upcoming metro Line 3 would further boost connectivity here.
Baner has several well-known educational institutions, healthcare facilities, sports complexes, and many retail cum entertainment avenues. Balewadi High Street is a key landmark in the locality and is recognized for its pubs, eateries, and nightlife. Baner is adequate for commercial property investment in Pune. A few renowned real estate projects in Baner are Paranjape Yuthika and Puraniks Aldea Espanola.
Wakad is close to Rajiv Gandhi Infotech Park and some automotive and biotechnology companies. The locality is well-connected with different parts of Pune via buses. Also, the Pune Junction Railway Station and Pune International Airport can be reached in an hour. The upcoming metro Line 3 would further improve the physical infrastructure here.
Wakad houses adequate social and retail infrastructure. One of the famous schools and hospitals in the locality are Wisdom World School and Lifepoint Multispeciality Hospital respectively. The locality has Xion and Westend Mall for shopping needs. This place also has a few key Pune real estate projects like Akshar Elementa and Kolte Patil Western Avenue.
The 5 locations mentioned above are fit for real estate investment in Pune. These locations have an adequate physical, social, and commercial infrastructure. They are all close to major employment hubs in Pune. Further, there are always several new residential and commercial properties in these areas that can fit the budget of a salaried person.
If anyone is set on buying a property in Hadapsar, especially in a luxurious township, then Amanora Park Town in Hadapsar would be a better investment choice. This residential township offers many trending residential developments with all the amenities that make for a well-rounded life.