Topic Archives: Music
Jul 1, 2014, 12:00 PM
Pune has witnessed a consistent real estate market growth in the last few years and continues to be the preferred city for the property investments for NRIs and residents alike. Though located close to Mumbai- another major real estate hub, Pune's real estate market has not become stagnant like that of Mumbai due to a healthy consumer demand and good economic drivers. High migrant influx Due to the presence of IT hubs in Hinjewadi and Magarpatta, more than 50% of Maharashtra's IT population lives here. This offers a robust market for rental property / plot in pune as well as other real estate investment. Industries In addition to IT, Pune is also the hub of automobile,manufacturing and education sectors. The presence of such diversified industries and the people it attracts to the region rise the demand for real estate. Better land availability Due to better land availability in the outskirts of Pune than Mumbai, it has seen tremendous expansion in the last decade. The transformation of Hinjewadi and Magarpatta from sleepy villages to the nation's leading IT parks is testament to that. Pune's property market is kept rational by a constant influx of supply in its new real estate destinations. Appreciation Potential Recent studies have demonstrated that the appreciation potential of Pune is better than the national average. This has been tested during the real estate downturn in the last several years where Pune has continued to see a healthy demand.