13 Jan Things To Know About If You Reside In South Pune
Pune city, a witness of Maharashtra’s glorious history, an essential branch of the IT industry, and a goldmine for timeless learners has also become a vital candidate for real estate investment. If you live in Pune, here are some South Pune facts you should know!
An Alternative To Central Pune
South Pune is an excellent recommendation for property investors who are unable to access Central Pune. In contrast to Central Pune, this micro-market offers affordable residences on prominent connectivity areas like Katraj Kondhwa Road, a part of the National Highway 65. The Mumbai-Pune Bypass connects the neighborhood to the rest of Pune, and the Pune Municipal Transportation System (PMT) delivers frequent bus service. Hence, if you have missed out on investing in Central Pune, South Pune is another incredible opportunity.
Value Appreciation In Key Regions
Neighbourhoods like Wagholi have witnessed a 13% increase in per sq. ft. price in the last 3 years, with properties available in the range of INR 3,000 to 40,000 per sq. ft. Market blooms like these result in appreciated demand for a 2 BHK in Pune making the city an attractive investment destination. Additionally, esteemed localities like Koregaon Park have recorded a 50.3% rise in property prices in recent years. These price surges of specific localities stimulate the value appreciation for 3 BHK flats in South Pune.
Properties For Every Budget
Irrespective of what your budget is, Pune is the choice for you. The city offers affordable homes along with a variety of high-end properties costing 1 or 2 crores with 1,100-2,500 sq. ft. area. Regardless of the neighbourhood or project you choose, most reputed builders will provide you with a list of amenities such as a clubhouse, children’s play area, open garden, swimming pool, and high-level security. The versatility of this real estate market makes it an essential choice for investments if you are looking for a 3 BHK flat in South Pune.
Homes Historical Heritage
Pune is literal evidence of the glory and prestige of the Maratha empire, the elegance of Maharashtrian culture, and noticeably more. The city attracts heritage tourism that adds to its net worth every year. The best 3 BHK flats in Pune for investment can be found in close proximity to the locations of significance like the Sinhagad Fort, Shaniwar Wada, Raja Dinkar Kelkar Museum, Joshi’s Museum Of Miniature Railways, Parvati Hill, etc. And all these spots of attraction act as the catalysts of price rise in the market, making South Pune the fastest developing region.
Career Enhancing Candidate
Pune has always been an educational hub in India, and its legacy not only prevails but is now allied with the growing commercial enhancements in the region. Pune has made significant advancements to the software segment in just a few years earning the title of ‘Oxford of the East.’ The city stands in stark contrast to Bangalore and other major cities due to the Maharashtrian government’s pro-innovation policies. There cannot be a better time to look for 2 BHK for sale in South Pune since the development of high-quality tech parks has piqued the interest of leading national and multinational IT firms. Some of the significant IT parks in Pune are Rajiv Gandhi IT Park in Hinjewadi, EON Free Zone, Magarpatta, Hinjewadi, Aundh IT Park, Commerzone, and Business Bay, a perfect neighbourhood for a 2 BHK for sale in Pune.
In congruence to its fellow cities, the city of Pune is expecting enhanced connectivity right through the skeleton of the state of Maharashtra. Pune’s development is aided by its well-developed infrastructure, including the Metro and several transportations and industrial routes such as the Pune Ring Road and the High Capacity Mass Transit Route. Also, several stretches along the Mumbai-Pune Expressway are upgraded, relieving congestion at important nodes and cutting down travel time between the two cities. An investment of a 3 BHK flat in South Pune would be ideal at this point considering the development of the New Pune International Airport, otherwise called the Chhatrapati Sambhaji Raje International Airport proposed to be arranged over a space of 2,400 hectares in the Purandar Tehsil.
Understand the features of any location before making a real estate investment, and in the case of South Pune, make one right away. Pune is on its way to becoming one of the very desirable metro cities. Book your 2 and 3 BHKs in the fastest developing areas of the city.
Source: Times of India & Economic Times