What makes Pune a promising real estate investment destination for millennials

Pune, the second largest city of Maharashtra, is popularly known as the state’s cultural hub. It is currently a thriving metropolis and rising as a premier location for real estate investment. 

Most of the investors who buy property in Pune equate they consider Pune as one of the most profitable and viable locations to invest in residential real estate.

Pune has always been Mumbai’s reasonable and affordable replacement. Pune’s housing market has shown consistent growth. The city has been named one of India’s most livable cities. 

Pune is the best place for property speculation because of its low property costs. Lesser expenses and cost moderation are the main reasons why people are now seeking a huge interest in Pune.

Pune has a calm and peaceful climate, top-rated educational institutes, and is the second-largest IT Hub in the country. With excellent transportation that provides seamless connectivity to any district of the city in almost no time, it makes one fall even more in love with the city. 

As the perimeters expand exponentially, the development expectations for the upcoming new areas are significantly higher than those for the city’s focal point with well-planned infrastructure. 

Additionally, buying an apartment in Pune provides an exceptional opportunity to invest both in commercial and residential properties.

Strategic location, developed social infrastructures such as schools, medical facilities, and leading retail avenues along with developed employment hubs with the presence of multinational companies are some of the key determinants for a city from a person’s perspective and there are only a few competitor cities on these parameters.

 All of these factors make Pune one of the most desirable cities to live in, and it has recently managed to attract NRIs too. Well, you must know where to invest in Pune Real estate.

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10 Reasons to Invest in Pune Real Estate

Pune is still developing, so this is high time to invest when properties are still affordable so the return on your investment will only get multiplied over the years.

With a huge inflow of population to the city, rental values have increased for you to buy property in Pune, giving investors a steady rental income on their properties.

Over the last decade, property values have increased giving all property buyers a huge return on their investments.

Rated as the happiest and most livable city in the country, moving to Pune can have wonderful health benefits given its pleasant climate and green footprint.

Pune, a less populous metropolis than other major ones, is today thriving in the IT and education sectors after gradually releasing its full economic potential.

There is currently a rise in the real estate prices in Pune, yet compared to most other metros the per-square-foot value is still extremely affordable and in a real sense truly a value for your money.

With the growing social infrastructure, Pune is buzzing with a good mix of schools, colleges, malls, restaurants, and nightlife, making it a desired location for millennials to settle with their families.

Real estate has no insurmountable financial obstacles and is simple to finance, easy to purchase, offers tax benefits, improves lifestyle, and gives tax advantages. Real estate is still among the most preferred and stable investment avenues. There are the best property sites in Pune that compel you to invest in real estate and start living here. 

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1. A Hassle-Free Public Transportation System:

Pune as a city has a very convenient transportation system from PMPML buses & trains to autorickshaws and cabs. Just making it ever so easy for young people to travel back and forth from office to home & back again, to even clubs on the weekends for that matter. 

There is also an international & domestic airport at Lohegaon, Pune, where a limited number of airlines traverse, Pune Metro will also start running soon which will raise its stakes even higher among millennials.

 2. Its Rich & Diverse Culture:

There are several cinema halls and theatres in the city, making it an integral part of the same forming the soul of Pune. 

Some cinema halls are City Pride, Inox, Esquare, PVR, Cinepolis (multiple locations) Rahul Talkies, Nilayam Theatre, Victory Theatre, and Lakshminarayan Theatre to name a few. 

Cultural events like Purushottam and Firodiya are huge events as well making them eminent projects of attraction among young people.

 3. Pune’s Rich Ethos of Tourism:

Pune in all its might proposes itself as a city unlike anything else in this country. Pune has a wide range of tourism & destination spots to visit. 

With its central location, every tourist spot is a maximum of a 2-hour drive away from the city. Making it a great place for recreational purposes for Millennials. If you buy property in Pune, you get to enjoy all of it.

 4. An Ever-Booming IT Hub:

The IT sector of Pune is well known for, second in the ranks just next to the city of Bangalore. 

The city has provided ample employment opportunities to young people from all across the country, making it ever so easy for them to make it their abode. You also have several options for luxury property in Pune. 

 5. An Epicentre of Educational Institutions:

Pune has several educational institutions like schools, colleges & universities. This is due to the massive developmental projects related to the field of education & academia. Pune has emerged as a city with ample options for students coming from all walks of life.

 6. Green & Clean Living Spaces:

Pune is surrounded by greenery all year throughout, surrounded by the Sahyadri Mountains. The green ethos of the city has attracted a young population who are choosing Pune in comparison to other metropolitan cities. This encourages people to invest in Pune property.

 7. Pleasant Climate All-Throughout The Year:

The city of Pune is blessed with a spectacular climate because of its geographical location, placed amid the Western Ghats. Pune has stood the test of time to be a magnificent location for Millennials who want to have a stress-free life during perpetually pleasant weather.

 8. An Ideal Place for Food Lovers:

Because of its mixed & diverse culture, Pune has inculcated multiple cuisines from different cultural localities. Making it a place that has it all, from Marathi Cuisine to Korean delicacies. 

Pune has everything in store for you, a perfect place for Millennials who seek joy from replenishing their taste buds.

 9. A Safe Place for Everybody:

Pune is one of the safest cities in this country. An uncomplicated place for people of all age groups- a city where women can feel safe at night and can walk freely without any apprehensions. This is a very vital point in the equation of things.

 10. Convenient Adjoining Areas:

With Lonavala, Mahabaleshwar, Mumbai, Lavasa, Konkan & Goa all at a manageable distance from the city, Pune with its wonderful placement has become a force to reckon with; making it an excellent investment option for Millennials who want the best of everything. You can choose Reday to move flats in Pune for better opportunities.