With the pleasant weather and location, booming IT sector and great Returns on Investment (ROI), Pune is quickly becoming a great real estate investment choice for many people. For all these reasons and more, Pune is seeing a great influx of people coming to the city to settle, making the real estate market even more active.
But what are the best locations to invest in Pune? Would you like to find out? Let’s dig in!
1. Baner
Located in the northwest region of Pune, Baner is surrounded by Balewadi and Aundh, with close proximity to Hinjewadi, which is the IT hub of the city. A 23.3 kilometre Metro line along the Hinjewadi Phase 3 – Civil Court route further improves its connectivity with the rest of the city, making it a great location to buy a house in. You can get a 2BHK in this area between 25 lakhs to 2 crores, depending upon different factors.
2. Hinjewadi
Located in the northeast part of Pune, Hinjewadi is a very popular and well-connected area. It is also the largest IT hub of Pune with the corporate offices of most MNCs including Infosys, Wipro, Cognizant and more. Being the centre of employment and connectivity, Hinjewadi has become an ideal place for real estate investors. A great residential project to invest in for new families is Joyvile Sensorium, which starts at an affordable price of 68.6 lakh.
3. Kharadi
Kharadi is located on the eastern side of Pune and is full of various residential and commercial projects. What makes Kharadi an ideal place to invest in is that it is located close to the airport and major areas like Koregaon Park, Kalyani Nagar and Cyber City. It is well connected to the city with its recent road development projects and affordable housing. An average 2BHK in this area would cost you somewhere between 22 lakhs and 1 crore.
4. Wakad
Wakad has lately seen a lot of infrastructural developments including improvements in water and power supply, new residential projects and advancement in the health and education sector, making it an ideal location to invest in. You can find a 2BHK in Wakad starting around 40 lakhs.
5. Hadapsar
With corporates like IBM, Accenture, and TCS in Hadapsar, it becomes a good location to invest in for those looking to find a place closer to their offices. Hadapsar also houses a lot of recreational and entertainment facilities, making it a good area to settle down in. You can find a 2BHK in Hadapsar at a very affordable price of 17 lakhs.
6. Bavdhan
Each location comes with its own special privileges and lifestyle. Located near Chandni Chowk and Kothrud, Bavdhan is a great place to buy a house for those who are looking to live close to their Maharashtrian roots. It is also closely located to Hinjewadi IT Park, which is only a 30 minute ride from the Pune-Bengaluru Highway. If you want to invest in a modern home which is surrounded by lush green gardens, then look no further than Vanaha by Shapoorji Pallonji. They offer 1, 2 and 3BHK homes, starting at just 37.5 lakhs.
7. Viman Nagar
Viman Nagar offers good transportation facilities and is located in close proximity to the airport and major IT Parks in the city. It offers both luxurious and affordable housing options, starting at just 26 lakhs.
You can also explore other locations like Dhanori, which is well-connected to the micro-markets of Pune along with premium areas like Viman Nagar and Koregaon Park, or Keshav Nagar, which is one of the growing industrial IT hubs of Pune with great amenities and infrastructure. Wherever you choose to invest, based on your personal preferences, it is important that you do thorough research before putting your money on it.
