Pune, in Maharashtra, approximately 150 km away from Mumbai, has grown tremendously over the last 30 years. With major automotive and IT companies operating out of Pune, the city has had a complete makeover. Introducing the Pune Metro Rail will transform Pune into a Smart City and appreciate its real estate prices.
The reasons above have worked as a catalyst and attracted people to invest in flats in Pune. With the advent of more housing projects in Pune, prospective buyers of house properties flock to invest. Several affordable yet upper-middle and high-segment flats are under development plans. Home loan offers are being offered to encourage the purchase of residential properties.
Which are the Best Areas in Pune to Buy Flats or Invest?
The answer depends on your cause, choice, and capability. The following segment segregates different locations demographically. This will shed light on a good area in Pune to buy a flat suitable for your needs – families, individuals, business people or IT professionals.
- First-time Home Buyers
- Balewadi is in the northwestern suburb of Pune, with lots of open spaces and greenery. The proximity to the Pune-Mumbai Expressway induces easy accessibility.
- Bibwewadi falls in southern Pune and constitutes major schools, hospitals, markets, and additional amenities. These factors add to the purchase attraction of flats for investment.
- Kondhwa is the most prominent location in southwestern Pune. The National Institute of Bank Management is situated here.
- IT Professionals
- Hinjewadi is the largest IT hub in Pune with Infosys, Wipro, and Cognizant offices. It is recognized as the best place to buy a flat in Pune. Hinjewadi is a very well-developed suburb and ranks high in Pune.
- Tathawade is another prime location to invest in flats. The proximity to Hinjewadi, Pimpri, Chinchwad adds to its locational strength. The area is witnessing rapid capital appreciation.
- Ravet has steadily grown as a real estate prime location, both in terms of standards and investments. Its proximity to industrial zones in Chakan and Moshi and the Rajiv Gandhi Infotech Park in Hinjewadi have made Ravet a place of attraction for many realtors to invest here.
- Wakad is undergoing an exceptionally rapid transformation. Good infrastructure and continuous water and power supply make this place attractive to invest in real estate properties. Wakad is fast becoming one of the most sought-after residential destinations in Pune.
- Second-home Buyers or Investors
- Bavdhan is connected with all the core areas of Pune. Near Chandni Chowk and Hinjewadi IT, it is easily accessible via the Pune-Bengaluru Highway. The place is verdant, adding to the location’s attraction.
- Shirgaon is situated just off the Mumbai-Pune Expressway, extending easy access to Mumbai. It is fast becoming one of the best places in Pune to invest in real estate in 2022. The developed civic amenities benefit Shirgaon.
You need not spend out of your life’s savings to purchase real estate property. All leading financial institutions offer loans for the same. You may access the home loan EMI calculator on the websites of these lending institutions and find out the home loan interest rates best suited to your needs before making a final decision.
