Pune Real Estate is one of the fastest-growing sector nowadays.
The weather, proximity to Mumbai, and the young IT crowd all make the city extremely attractive for real estate investment. While Old Pune has a vibrant and traditional culture, new areas of Pune such as Baner, Viman Nagar, Hinjewadi, and Wakad are vibrant by the nightlife.
It is a city that has the right mix of old and new.
Due to the dynamic nature of Pune Real Estate marketing is on the rise in the city and there are lots of real estate investment opportunities in every area you visit. But out of all these which are the main areas of Pune, you should invest in it? Let’s take a look.
Which are the best areas of Pune to invest in?
Kharadi is one of the most affordable yet well connected and premium locations in Pune. It has very recently caught the attention of many real estate developers in Pune and is growing at an accelerated rate. The following is a list of reasons why Kharadi is one of the most sought-after real estate areas in Pune:
It is close to established areas like Viman Nagar, Kalyani Nagar, and Koregaon Park which makes connectivity and commute a breeze.
Centres like the EON IT Park in Kharadi make the area very attractive for young investors and residents. This has led to a cosmopolitan lifestyle and active nightlife. Kharadi is the definition of “work hard play hard”.
Kharadi has some of the best hospitals, schools, and colleges in the area. This easy access to all these institutions makes daily life much more comfortable.
Kharadi is soon going to get connected with the rest of Pune with a new metro line already under construction. Being on the metro line will make public transportation simpler in the area.
Hinjewadi is one of the first areas in Pune that develops a truly cosmopolitan lifestyle and puts Pune on the map. This is all due to Hinjewadi Infotech Park which is home to some of the best technology companies that bring in employees from across the country. Here are some reasons why Hinjewadi is good for a real estate investment.
Around Hinjewadi Infotech Park there is a whole ecosystem of schools, hospitals, and convenience stores that cater to thousands of employees and their families, making everything run for less.
The greenery and infrastructure are unique in Hinjewadi. It was one of the first planned areas of Pune that makes roads, landscaping, and pedestrian footpaths large and spacious. It is actually one of the best urban planned areas.
Hinjewadi has one of the affordable real estate rates in the city, as the area has a lot of homebuyers.
If you are with someone who has to travel frequently to Mumbai, then Hinjewadi is one of the easiest options as it is right next to the highway. The region has Shivneri buses, cabs, and other private buses plying continuously back and forth which makes Mumbai easier than ever.
Wakad is one of the best places to invest in Pune. It is now a fully developed area connected to many centers in Pune and has one of the fastest-growing real estate economies in the city. Let’s take a look at why Wakad is one of the best investment options in Pune:
It is next to centers like Baner, Hinjewadi, Bavdhan, and Pashan, giving you overall connectivity to the rest of the city. There are other upcoming regions like Akurdi, Chinchwad, and Ravet.
Wakad is one of the most well-developed regions of Pune due to intensive investment by PMRDA and PCMC.
It is not only connected to some major areas of the city, but it is also connected to the Mumbai-Pune highway, which makes it easy to connect with the financial capital.
New real estate projects in Wakad now have the best amenities and facilities which are not seen in many areas of Pune. This makes real estate opportunities very attractive.
Wakad has attracted a lot of families and parents making it one of the most peaceful living areas with a sense of community living.
Apart from these three areas – Baner, Pimpri, and Shivajinagar are the pre-established areas, where not only has the real estate market boomed, but it also comes with the most premium features and functions. Real estate investment in these three areas has seen really good returns on investment.
The question in your mind may be, is it the right time to invest in real estate? We can say that there cannot be a better time. Now is the right time to invest in real estate in Pune as everyone aims to provide the best service to their customers in such a competitive market. This is highly beneficial for buyers who get great value as well as great features and facilities.