Pune is known as the cultural capital of Maharashtra. The city has been attracting not only students but also professionals from all over the world. Pune has seen a tremendous growth in the manufacturing and automobiles industry as well and has a great hold on the real estate market too. Moreover, with the recent surge of IT sector in some locations like Hinjewadi, Viman Nagar and Magarpatta, the significance of the city has increased like never before.
In the western part of Maharashtra, Pune occupies more than 150,000 hectares of land, which includes 13 Panchayat Samitis and 15 talukas. The most important areas of pune include Hinjewadi, Viman Nagar, Kalyani Nagar, Kharadi, Magarpatta, Deccan, Koregaon Park, FC Road, MG Road and Swargate.
In terms of education, the importance of pune has always been on the summit of excellence. The world renowned Pune University (recently name changed into Savitribai Phule Pune University) offers an end number of courses and invites a surplus of aspirants from all over the world. Also, with a number of educational institutions coming up with the fastest pace in the areas like Deccan, Viman Nagar, Wagholi , katraj and many more, the city has come into the lime light of most of the home buyers and investors across the country. Some of the most well-known institutes include Millenium National School, The Bishop’s School, Hutchings High School, Vishwakarma Institute of Information Technology and many others.
A surfeit of shopping plazas is what has made Pune stand apart from the other cities in the country and has also attracted a number of patrons to invest here. Shopping plazas like Phoenix Mall, Seasons Mall and Amanora Mall have the most sought-after international brands that have become the prime attractions for the shoppers.
Investors from all over the country are very much keen on buying such properties which are located in the close proximity of the educational institutes as well as the IT hubs. Such properties are likely to give the best returns by renting it out to the students and IT professionals. Mainly 2bhk and 3 bhk flats are much in demand, as the students and the IT professionals happen to share apartments together which become more feasible for them. Also, stand alone buildings and bungalows are in the eye of the investors as they can turn such properties in to PG’s (Paying Guest). Pune has become an investment hub on terms of real estate.