Pune has, in recent years, turned into one of the best places in India for investing in real estate. Both the residential and commercial real estate in Pune has been flourishing well, driven by the high demand for property in Pune over the years. This is primarily due to the well-developed infrastructure and great connectivity offered in this city. A number of localities such as Baner, Wakad, Hinjewadi, Aundh, etc. have been emerging as popular destinations for property buyers.
- Hinjewadi: Hinjewadi is one of the largest hubs of the IT industry in India, housing some of the leading companies in this field. The Hinjewadi Tech Park deserves special mention, apart from the EON Tech Park and the SEZ. These commercial centers offer great business prospects as well as employment opportunities in the various companies that have set up here. Thus, commercial as well as residential property in Pune Hinjewadi has a high demand and is profitable for rental income too.
- Wakad: Wakad is one of the major residential hubs in Pune. It is well-connected to the commercial hubs in Hinjewadi and Baner, ensuring a quick commute. Wakad boasts of a well-developed social infrastructure, complete with reputed schools and hospitals. The peaceful and clean environment in Wakad to has played an important role in attracting residents. A number of top developers have been building property in Pune Wakad to meet the demand. Hence, you can pick from several good options.
With both commercial and residential properties having high demand, it often becomes hard to decide between the two.
- Residential: Before you purchase a residential property in Pune, you should take a good look at the social infrastructure there. Purchase a home at a strategic location from where schools, colleges, hospitals, offices, etc. are easy to access. Moreover, it is advisable to buy a home which is away from the noise of the city, with ample green cover.
- Commercial: Connectivity is probably the most important factor you should consider before you purchase a commercial property. Buy a commercial property in Pune in such a location that your employees and customers/clients can get across to your retail store or office easily. It is recommended to go for one of the localities known to be major commercial hubs.
Thus, both commercial and residential properties are profitable here. If you buy property in Pune, the property can earn you a lucrative rent or can also serve the purpose well if you decide to use it yourself.