Being one of India’s largest educational and industrial hubs, Pune attracts great attention. Many step foot in the city for educational and employment purposes. Another sector that has seen a promising opportunity in Pune is the group of investors. Recently, NRI investments in Pune have also been rising. That is because NRIs have taken an interest in the impressive number of real estate projects in the city.
The growing rental and returns of properties ensure a stable source of income and wealth-development opportunities. Any seasoned investor will take this opportunity to gain massive returns on investment.
Now, the question rises, where to invest in Pune?
This article will discuss the 5 best locations in Pune that are best suited for NRI investment.
Hinjewadi
Hinjewadi is a popular IT hub. Large MNCs like Wipro, Infosys and Cognizant have corporate offices in this area. So, there is no scarcity of employment opportunities here. The overall infrastructure of the place is quite developed, and the social life is exciting as well. Furthermore, its strategic location on the northeast corner of Pune makes it well connected to Baner, Wakad, Balewadi, Tathawade, and other prominent areas. Hinjewadi is a dynamic place in terms of location, connectivity and infrastructure, which makes it a profitable investment spot for NRIs.
If Hinjewadi has made an impression on you, check out Joyville Sensorium in Hinjawadi near Phase l, resting on the banks of the Mula river. It is a grand tower in the lap of nature, offering a refined taste of wellness. Spread over 10.5 acres of area, this housing society represents spacious living. Each 2bhk and 3bhk home here has all the luxurious amenities you can expect. The infinity pool and the river-facing clubhouse are just the final touches you need.
Baner
In close proximity to Hinjewadi, Baner rests in the northeast of Pune. The IT hubs of Hinjewadi and popular areas like Balewadi and Aundh surround Baner. Many IT professionals working in Hinjewadi prefer to rent or buy homes nearby, and Baner provides the ideal place. The Mumbai-Pune Expressway is close by, which enhances connectivity. The well-developed social and physical infrastructure adds to Banner’s features. Everything considered, Baner is an investment hotspot.
Hadapsar
With good connectivity, developed social infrastructure, and an array of recreational facilities, Hadapsar offers it all. The location already houses the offices of renowned companies like TCS, IBM, and SAS. These alluring features have also helped the real estate industry here. The location is dotted with residential and commercial projects, creating several investment opportunities.
If you like to invest in Hadapsar, then do consider Joyville Hadpasar Annexe which offers 1, 2, and 3 BHK flats starting at Rs.42.9 Lakh on Pune Solapur Highway.
Kharadi
Kharadi was once a barren land, but it became a commercial and residential project hub. Multiple aspects helped speed up Kharadi’s development. This area is located in east Pune, within a short distance from the airport. Famous spots like Cyber City, Koregaon Park, and Kalyani Nagar are easily accessible from Kharadi. The social infrastructure here is also a huge advantage.
Wakad is considered an ideal investment location for NRIs for its many advantages. The connectivity here is excellent, and the daily commute is convenient. Including the many hospitals, schools, malls, fast-food chains and restaurants, the social infrastructure is impressive. Additionally, IT hubs surround Wakad. All these features have led to the development of multiple real estate projects.
To sum up
Pune’s development has been impressive, and it will continue to grow. This growth has opened beneficial investment opportunities. NRI investments have thus increased to a great extent. The 5 locations discussed here are all lucrative options. You can invest in any of these locations and expect good returns on residential and commercial properties.
Originally published at http://realestateandepc.wordpress.com on December 21, 2022.
