Why must NRIs consider Pune for investment?

 

Pune: The NRI guide to the perfect realty investment

As one of India’s most dynamic and rapidly developing cities, Pune has emerged as a real estate hotspot, especially among Non-Resident Indians (NRIs).

The city’s cultural and economic context, favourable market conditions, and supportive legal and management frameworks have made it a prime destination for NRI investment.

With the ever-appreciating dollar, here are a few reasons why NRIs should consider using their disposable income in this lucrative market:

Strategic location:

As a key economic node close to Mumbai and connected to major Indian cities, Pune’s location significantly enhances its real estate appeal.

It enjoys excellent connectivity via road, rail, and air, with easy access to other important industrial, commercial, and IT hubs.

Its booming job market, rich cultural heritage, and proximity to popular tourist attractions ensure a well-balanced lifestyle for its residents.

Promising rental yields:

Being an educational, IT, and industrial hub, Pune attracts scores of migrants seeking educational and employment opportunities.

Often dubbed the ‘Oxford of the East’, Pune is home to several prominent academic institutions such as Pune University, Symbiosis International University, and National Institute of Technology.

It is also one of India’s largest automobile manufacturing and IT hubs, housing reputed companies like Infosys, Wipro, Accenture, etc.

These factors have helped establish Pune as a sizable rental market, with rising demands and appreciating prices.

Expanding infrastructure:

Another significant driving force behind Pune’s booming real estate market is its rapid infrastructural development, including large-scale public transport projects like the Pune Metro, the proposed Ring Road project, and the expansion of Pune International Airport.

These projects will increase inter and intra-city mobility, making the city and its suburbs easily accessible. They also increase demand and price appreciation in the real estate sector, making it a lucrative investment opportunity.

NRI-friendly frameworks:

One of the factors discouraging NRIs from investing in the Indian real estate market is their inability to be involved in the buying and property management process firsthand.

However, with Pune’s NRI-friendly tailored property management networks, they can rest assured that all their headaches will be swiftly and efficiently resolved.

Since the RERA Act of 2016, the real estate market has evolved into a transparent and investor-friendly environment, with a supportive legal framework that safeguards their interests.

These factors, along with the city’s affordable and appreciating property rates make it a profitable investment for NRIs.

Attractive properties in Pune:

So, unlock Pune’s real estate potential with Joyville Homes! Their strategically placed and highly sought-after homes offer elegant living experiences with excellent connectivity, holistic living, and world-class amenities.

Explore their affordable 2 and 3 BHK homes in Hadapsar at Joyville Hadapsar Annexe and Joyville Celestia; or know more about their premium 3 BHK Duplexes with family rooms at Joyville Sky-Luxe Edition.

Enjoy the best of both worlds in spacious but affordable 2 and 3 BHK flats in Hinjawadi, at Joyville Sensorium, nestled on the banks of the Mula River.

To learn more about Joville Homes properties in Pune, click here — https://www.joyvillehomes.com/

Originally Published at - https://industryupdates.medium.com/why-must-nris-consider-pune-for-investment-14cff8e18cfd