Pune is presently one of the most sought residential destinations in India. The property market in this city has witnessed a boom over the last decade. Both residential and commercial properties in this city have been experiencing a high demand. The affordable homes in Pune are available at prices around INR 40 lakhs. Various factors have led to the popularity of residential property in Pune.
Over the last one year, the prices of residential property have dropped by around 8% in Pune. Particularly, areas like Magarpatta and Kharadi have witnessed a decline in property prices. This has prompted the residents to invest in quality apartments. Areas like Kalyani Nagar and Aundh have also witnessed a drop in property prices. As a result, real estate buyers are investing in these areas. In the coming years, the property prices are likely to increase. People buying these homes would benefit from the high returns in the form of rent, in case they use the apartments commercially.
Great employment opportunities
Pune is reputed for having some of the best schools and colleges around. Students graduating from these institutions can easily integrate themselves into the commercial space. Business and commercial infrastructures in Pune are well-developed. As a result, the residents can tap the employment opportunities in this city. Corporate employees from other parts of the country also come to Pune for employment opportunities. The property developers have come up with new projects in areas like Wakad, Viman Nagar and Hinjewadi. The IT segment in the city is also developing fast. A number of MNCs and established Indian companies have expanded their businesses to Pune. As a result, the residents here can enjoy lots of employment opportunities.
Pune has got a well-developed social infrastructure. The transportation system in the city is also well-developed. The important thoroughfares connect different localities in the city. People can reach prominent places like Bund Garden, Koregaon Park and M.G.Road in quick time. The places of entertainment in Pune can be reached in quick time from the residential complexes. People can also get a fast access to the prominent school and hospitals in the city. With a robust social infrastructure, the residents can enjoy a quality lifestyle in Pune. This is one of the reasons for the increasing demand for quality residential apartments in the city over the last few years.
Investors and property owners looking for a quality apartment in Pune can check out Majestique Nest. This complex has been developed in Phursungi, one of the emerging localities in Pune. You can buy elegantly designed apartments in 1 and 2 BHK configurations in this residential complex. The estate brings you a wide range of lifestyle and healthcare amenities. This would be the right time to buy a residential apartment here.
December 26, 2019