Why Pune Real Estate Is Doing Well

Pune Property at Makaan.com

Pune, the cultural capital of Maharashtra and the 8th largest city of the country, has offlate seen a good appreciation of prices of properties in Pune. Proximity to the financial capital of India, good weather, presence of various corporate and IT hubs, educational and recreational facilities have helped to promote Pune real estate. Although the overall property market in the country is not performing well the city is going extremely well when compared to cities like Delhi, Bangalore and Mumbai where the prices of property have seen a huge downfall. Although Pune real estate has been affected by the downturn but the impact has not significantly reduced the price of properties in Pune. 

So let us understand the USPs of real estate in Pune that have saved it from a drastic fall in property prices

Location: Properties Pune have a location advantage, as they are in close proximity to Mumbai, India’s financial capital. 

Affordability: Properties Pune are still much more affordable when one compares the property prices of real estate of any major city of India with real estate in Pune. Be it purchasing a flat for sale in Pune or a commercial property, its much more economical to invest here than in any other major metro city of India

Low Rentals: Many corporate and offices have shifted to city owning to affordable rentals that bring down the operating cost of a company. 

Excellent infrastructure: The city offers excellent infrastructure, it has good roads which enables good connectivity. Also there is no death of entertainment, educational and recreational hubs. 

Presence of IT hub and various industries: Presence of various IT hubs and industries have made Pune an opportunity and employment hub. Many people who come to city city prefer to pay EMI’s rather than paying rent and therefore the demand of flats for sale in Pune has increased drastically.