Pune or Mumbai – the debate is always on. Every Punekar and Mumbaikar will have something interesting or non-interesting things to add to the debate. Do you know there is a new twist to this debate – Pune has become the favoured place for Mumbaikar home investors! And there are several reasons for it.
Pune – The Most Promising and Liveable Cosmopolitan City in India
The city has topped the list of one of the most liveable cities in India. The Ease of Living Index published by the ministry of housing and urban affairs (MoHUA) in 2018 concluded that the city assures high-quality life, which remains uncontested till date. The city is the epitome of culture blended fine with technology and cosmopolitan lifestyle.
Isn’t that enough for Mumbai home investors to invest in real estate in Pune? No, perhaps there’s more to it.
- Booming Information Technology Sector: Hinjawadi – the fastest developing information technology hub of India serves as the “IT” location of Pune. As a home to over 110 global IT companies, Hinjawadi has emerged as the investment hotbed for Mumbaikars looking for secure 2nd property investment. There are several things that make it the right choice for investment such as the robust civic infrastructure, great social life, excellent career opportunities, and great connectivity to the rest of the city. Fostering the walk-to-home concept, Hinjawadi offers the assorted mix of the best budget, luxury and premium homes in Pune.
- Good Connectivity to the Nearest Cities: Hinjawadi, the popular suburb of Pune, is connected to cities like Kolhapur, Satara, and Mumbai through Pune-Bangalore Highway. Similarly, is the rest of the city. Needless to say, popular weekend stops like Lonawala, Mahableshwar, Matheran are in close vicinity.
High Appreciation Rate: In recent years, Pune has undergone a tremendous facelift in terms of infrastructure, housing, and jobs. This has contributed to the rise in property prices. You will be amazed to know that there has been an appreciation of 12.4% in the segment of premium homes in Hinjawadi.
- Metro: The metro project aims to connect the different suburbs of the city, and reduce traffic congestions and road accidents, thereby promising a safe future to the city. The Pune Metro will comprise the following three lines –
Line 1: This will run from Pimpri Chinchwad to Swargate
Line 2: This will be laid from Ramwadi to Vanaz via Mangalwar Peth and Deccan Gymkhana.
Line 3: Starting right at the doorstep of Kasturi’s premium development EON Homes, this will be the longest metro line connecting the Civil Court and Hinjawadi. - Educated and Cosmopolitan Crowd: Pune has a cosmopolitan and urbane crowd, made up of people below 50 years of age. Do you know this demographic consists of 73% of the total population! This is all due to the influx of youth in the city in search of better jobs.
All these features have made Pune, one of the most popular real estate markets in India. Needless to say, many reputed developers like Kasturi Housing have seized the opportunity to build one of the best premium home projects in Pune.
