Top Residential Locations in Pune For Real Estate Investment In 2021

In the last few years, Pune has seen rapid developments in the IT sector, real estate, manufacturing, and automobile industry. The thriving...

Written by Goel Ganga Developments
· 3 min read >

In the last few years, Pune has seen rapid developments in the IT sector, real estate, manufacturing, and automobile industry. The thriving employment opportunities in these sectors are inviting millennials and professionals across the country. Apart from employment opportunities, the city has much to offer. Renowned educational institutions, pollution-free and healthier environment, famous tourist spots make it a go-to location for new-age home buyers and family living. A wholesome package of exciting city life is promised by the beautiful city of Pune. The city’s pleasant climate, proximity to Mumbai, and young IT crowd all contribute to its appeal as a real estate investment destination.

Although old Pune has a vibrant and traditional culture, newer areas of Pune, such as Baner, Viman Nagar, Hinjewadi, and Wakad, have a thriving nightlife. Pune is a city that is an ideal mix of old and modern. Considering the various advantages of residing in Pune, people from different parts of the country are relocating towards the city due to which the demand for residential units in the area is on pace. To meet the consistent demand for housing, various builders are constructing in different parts of the city. However, various factors like location, social infrastructure, connectivity, and neighborhood, etc. play an important role in persuading the investment decision.

Investors consider the area to be one of the most viable and profitable locations for residential realty space investments. With the rapid construction of several residential projects and developed townships in different suburban areas, several national and international educational institutions have been established out there. The city is now a vibrant employment center with numerous job opportunities, especially in the IT and ITes industries. Pune’s consistent capital appreciation has attracted international investors over the years. Apart, from safety concerns, Pune is one of the safest cities in India.

Pune’s diverse nature has resulted in a boom in real estate marketing, and there are plenty of real estate investment opportunities in every neighborhood. Since everybody strives to offer the best service to their customers in such a competitive market, now is the best time to invest in real estate in Pune. It benefits customers because they get great deals with ultra-modern features and amenities. Different suburbs of the city are flourishing with consistent demand for housing but out of all investing in the following cities is the most viable and lucrative deal.

  • Tathawade

Being located in the northwestern outskirts of Pune, Tathawade is a perfect blend of infrastructural growth and lush greenery. Tathawade is already home to a large number of families from all over the world and is surrounded by hills and mountains that provide a sense of tranquility and positivity. The area shares smooth connectivity with different premium locations of the city through an excellent network of public transportation, such as train and bus, and major connecting roads and highways like Mumbai Highway (NH-48) and the Aundh BRTS Ravet route.

The location is adjacent to the Pimpri-Chinchwad industrial belt and is administered by the Pimpri-Chinchwad Municipal Corporation. The supreme locations like Pimpri, Hinjewadi, Wakad, Aundh, and Chinchwad are closely located to Tathawade. At such a prime location, the Ganga Amber project promises an unprecedented lifestyle. The project offers 1 bhk and 2 bhk flats in Tathawade, Pune that ensures a comfortable and convenient lifestyle. This project is surrounded by lush greenery and promotes a positive and serene lifestyle.

  • Kharadi

Kharadi, which is in the eastern part of Pune, is known for its IT hubs and connectivity. Pune airport is to the north, Mundhwa is to the south, Awhalwadi is to the east, and Wadgaon Sheri is to the west. It is a favorable location for IT professionals or people with similar backgrounds. It is one of Pune’s established suburbs that appeals to home buyers because of its superior professional offerings, social and physical infrastructure, and connectivity. The place is perfect for family living as it is close to several prestigious schools, colleges, eateries, hospitals, and shopping malls.

See Also: 25 Easy Ways To Make Passive Income Online In 2021

  • NIBM Annex

NIBM is one of the plush locations of Pune that is located in the southern part of the city. For professionals, NIBM is a go-to location as major IT hubs like Phursungi IT Park, Magarpatta City, and The Amanora Park Town are located around the corner. Along with this, the offices of IT companies like Honeywell, TCS, IBM, and Accenture are conveniently located from the location. From connectivity considerations, NIBM is pre-eminent as major connecting roads and highways like Kondwa Road, the Mumbai-Hyderabad Highway/the Solapur Road, and the NIBM Road go through the area.

NIBM is situated in the hilly region and is surrounded by pristine greenery which allows people to reside in the arms of nature. One can enjoy the cold breeze and picturesque views at the location. The location is perfect for family living as it shares supreme social and physical infrastructure. Renowned educational institutions, hospitals, entertainment hubs, and other civic amenities are located around the corner.

Real estate investments in these three areas have yielded excellent returns. Considering these advantages, new projects in Tathawade, NIBM, and Kharadi are being constructed.

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