Pune has witnessed a consistent real estate market growth in the last few years and continues to be the preferred city for the property investments for NRIs and residents alike. Though located close to Mumbai- another major real estate hub, Pune's real estate market has not become stagnant like that of Mumbai due to a healthy consumer demand and good economic drivers.
Due to the presence of IT hubs in Hinjewadi and Magarpatta, more than 50% of Maharashtra's IT population lives here. This offers a robust market for rental property /
as well as other real estate investment.
In addition to IT, Pune is also the hub of automobile,manufacturing and education sectors. The presence of such diversified industries and the people it attracts to the region rise the demand for real estate.
Due to better land availability in the outskirts of Pune than Mumbai, it has seen tremendous expansion in the last decade. The transformation of Hinjewadi and Magarpatta from sleepy villages to the nation's leading IT parks is testament to that. Pune's property market is kept rational by a constant influx of supply in its new real estate destinations.
Recent studies have demonstrated that the appreciation potential of Pune is better than the national average. This has been tested during the real estate downturn in the last several years where Pune has continued to see a healthy demand.
Hinjewadi, once a modest village in the outskirts of Pune city, has today become the most sought after location for land investment and residential and commercial properties. The Rajiv Gandhi IT Park located here has turned Hinjewadi into the largest IT hub of Maharashtra. This has been the driving force behind the exponential growth of this area of Pune.
The development of the Rajiv Gandhi IT park has resulted in all major IT companies having their presence here. The excellent infrastructure and the sheer number of IT firms present here has made this the preferred location of employment for most new migrants in Pune. The women friendly policies of MNCs in Hinjewadi have also given rise to dual income facilities with a high disposable income and a higher buying capacity. The spade of restaurants, malls, recreational areas and new residential projects coming up in the area are tapping into this buying power which is estimated to grow multiple folds in the coming decade.
near adjoining villages located around Hinjewadi is considered an excellent investment option due to higher ROI potential to tap into the project growth in the area.
Hinjewadi is considered an attractive investment location due to the following locational advatanges
A sports complex at close proximity, educational institutions and major hotels nearby have also contributed to Hinjewadi's development and transformed it into a leading area for real estate investment. The tremendous growth of residential and commercial properties has also forced the municipal corporation in the region to better the public infrastructure like roads, water supply, etc.