Pune, popularly known as the IT sector of India, is growing at an unexpected rate; hence, this is one of the particulars that appeals to the real estate market. Pune’s booming, stretching real estate industry has not gone unnoticed by many investors who have even made good returns on their investments due to the increasing development within this city.

However, for any of them that are putting in an investment, the formula revolves round knowing where centers of attraction lie. To support your hunt here are the Top 5 localities to buy property in Pune.

Why Gong To Pune Is Real Estate Investment Worth The Risk?

The need for real estate in Pune along with the increasing tendency of the rents has been instrumental in the cashing out of the property owners. Property prices in the city seem to increase on a steady elevator over a decade and this trend in a growing population has returned investors considerable returns in the long run.

Due to the well-developed social infrastructure in Pune which has schools, universities, malls, restaurants, all makes it very favorable to young adults considering family. In such metros, property costs within Pune are still very reasonable therefore it’s a good investment” body friendly real estate market.

Factors Contributing to Pune’s Real Estate Growth:

  • Growth of information technology and educational sector
  • Good social infrastructure
  • Low property prices
  • Increasing need of rental houses

Now, let us see in detail the top five localities to whom we can buy property in Pune.

Baner: A High- End Commercial Hub

    Completing the picture, Baner is rather fetching residential upmarket, thanks to stupendous commercial real estate and the closeness to Hinwewadi IT Park. It has majority road connectivity with most of the cities creating its ever increasing demand among investors and professionals.

    It possesses strategic location- central position with good access of public transport facilities and lively environment which makes it a good location for investing in property in Pune.

    Remarkable Buildings within Baner

    • Pride Purple Park
    • Kalpataru Jade Residences

    2. Kharadi. Eon it park is an ideal location for residential apartments and has easy access to all around the clock use facilities.

    Most of the residents in Kharadi are ideal because it is strategically located near the EON IT ParK. Kharadi has become rank as one of the ideal places in Pune for the real estate within a short period due to accessibility to Pune Airport and the proceed under renovating metro station. The locality is also well connected to other prominent areas like Koregaon Park and Kalyani Nagar.

    With its urban logistics and expanding IT industry, Kharadi has become a favorable area for purchasing homes in Kharadi for working professionals as well as families.

    Not buyable in Kharadi:

    • VTP Euphoria
    • GERA World Of Joy
    • Lodha Giardino
    • Majestique Towers

    Wakad: A Residential Area on Race Towards Development

      Wakad is situated ideally in such a way that residents can access the Mumbai-Pune Express highway and it leads to other important destinations like Hinjewadi IT Park which is very crucial especially for tech companies. Out of the years, Wadak has developed into a blooming settlement hence making it one of the areas that worth investment.

      Due to the relatively low property prices as compared to other prime areas of he Pune Metropolitan Region, first time investors looking forward to getting appreciable returns in the future are drawn towards Wakad.

      Not Buyable In Wakad:

      • Kohinoor Westview Reserve
      • Pride Purple Park Ivory
      • Kalpataru Exquisite

      Hinjewadi: The Leading IT Belt Of Pune

        Hinjewadi also houses the center of rajiv Gandhi Infotech Park, one of the important it development areas in Pune. This locality is well suited for people who are living close to corporate units such as Infosis, Wipro seeking a residence. With the continued construction of the ongoing metro line and good road networks, Hinjewadi is also one of the leading regions where real estate investments is made.

        As Hinjewadi is one of the hottest locations in Pune for investors looking for property in Hinjewadi, they should anticipate considerable appreciation in property prices as the area’s infrastructure continues to improve.

        Remarkable Projects in Hinjewadi:

        • Kohinoor Famville
        • VTP Bellissimo
        • Godrej Woodsville

        Bavdhan: A Peaceful and Spacious Place

          Bavdhan is a calm and green place with suitable accommodations for families looking for a serene life. Well positioned on the Mumbai-Bangalore national highway, Bavdhan connects well with the rest of Pune while making it possible for the residents to enjoy several facilities. This is due to the fact that, because of its increasing number of people, there has been considerable real estate growth in the area of Bavdhan that makes it one of the ideal places to buy property in Pune.

          Remarkable Projects in Bavdhan:

          • Goel Ganga Asmi
          • Kalpataru Jade

          Summary: Go for the Ideal Neighborhood for Your Investment

          While making an investment in property in Pune, the most important aspect is the location of the property. All the above mentioned localities are advantages in their own ways for instance they are well connected, there is improving infrastructure and they provide good return on investment. By opting for any one of these top 5 localities, you can be assured that your investment will be worth it and it will serve its purpose for many years to come.

          So, do not wait! Make and book a dream residence in Pune at an astonishing price.