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The city's infrastructure and the rising demand for residential properties offer an exceptional opportunity to invest in commercial and residential properties.
Pune has become one of the top investment destinations for residential real estate in India. As the second-largest city in Maharashtra, it is a cultural hub with a thriving metropolis that offers a premier location for real estate investment. Pune is known as Mumbai’s affordable replacement, and its housing market has shown consistent growth over the years. In this article, we will discuss why Pune is the best real estate investment destination for millennials.
Location and Connectivity
Pune’s strategic location and excellent connectivity make it an ideal location for real estate investment. With easy access to Mumbai, Pune is one of the fastest-growing cities in India. It is connected to major cities and towns through an extensive network of highways, expressways, and railways. Pune also has its international airport, making it easy to travel to and from the city.
Pune’s infrastructure is one of the key determinants for a city from a person’s perspective. The city boasts of developed social infrastructures such as schools, medical facilities, leading retail avenues, and multinational companies located in employment hubs. The city’s perimeters are expanding exponentially, and new areas with well-planned infrastructure are expected to have significantly higher development expectations.
Pune is a less populous metropolis than other major ones, yet it is thriving in the IT and education sectors. Despite this, the per square foot value is still extremely affordable compared to most other metros, making it a value for money destination. This affordability has contributed to Pune’s consistent growth and has made it a popular location for millennials to settle with their families.
Rental Income and ROI
With the growing population and an inflow of people into the city, rental values have increased, giving investors steady rental income. As property values have increased over the last decade, investors have earned huge returns on their investments. Pune’s real estate market is still developing, so it is the right time to invest when properties are still affordable, and returns will only increase.
Quality of Life
Pune has been named one of India’s most livable cities, offering a calm and peaceful climate, top-rated educational institutes, and the second-largest IT Hub of the country. Schools, colleges, malls, restaurants, and nightlife make Pune a desirable location for millennials. A pleasant climate and a green footprint can make moving to Pune a wonderful health experience.