NRIs interest in real estate investments in India is increasing significantly. In comparison to many other cities in the country, the appeal for investment in Pune appears to be increasing especially as people from all over the country and abroad visit the city, transforming it into an enticing global metropolis. Over the last decade, Pune has seen incredible urban development , from malls and massive shopping centres to the metro rail , with prestigious companies choosing to relocate their headquarters.
Strategic locations, developed social infrastructure such as schools, hospitals retail centres, and employment hubs with the presence of multinational companies are some of the key determinants for a city from an NRI perspective. There are only a few competitor cities on these parameters. All of these factors make Pune a desirable place to live, attracting NRIs to invest here.
There are five key reasons why key factors that makes Pune the ultimate city of property investment for NRIs.
Pune has always been reasonable and affordable replacement of Mumbai realty . Pune’s housing market has shown consistent growth. The city has been named one of India’s most livable cities. For NRIs Pune property is a rewarding option as it is less expensive with better prospects for appreciation. NRIs also benefit from the advantage of getting more bang for their money(dollars) against Indian rupee.
Pune has a calm and peaceful climate. With excellent transportation facilities providing seamless connectivity to any district of the city in almost no time, it makes commuting easier and comfortable. Development expectations for upcoming new areas are significantly higher than those for the city’s focal point. Furthermore, Pune provides an exceptional opportunity to invest in both commercial and residential properties.
Pune is one of India’s major urban communities, where the IT industry with over 400 software companies, has thrived, attracting a large number of IT experts from all over the country to work here. Following pandemic recovery and a moderate supply of inventories, real estate sales have been on the rise in the last two years, making Pune a favourite investment city among the NRI community. Each of these factors prompt NRIs to look for new properties in Pune, aiding the development of the Pune housing market.
Pune boasts of having premier higher educational institutes, which bodes well for investors wanting to invest in student housing or rental real estate for sustainable returns. In fact, the presence of numerous tech parks and business centres across Pune and its peripheries has attracted many trusted and organised developers to these locations. With over 1,300 under-construction projects, Pune is an attractive destination for investors with a long-term horizon. Under-construction metro and other infrastructure projects are augmenting investors’ affinity for such cities.
Real estate in Pune has experienced the highest market value among metropolitan cities primarily due to the city’s ongoing development and growing population as a result of the expansion of the manufacturing and technology sectors. This provides a broad framework for understanding how investing in Pune will yield higher rate of return on property once the infrastructure improves even further. Given their strategic locations and seamless connectivity , certain areas like Hadapsar, Hinjewadi, and Pimpri-Chinchwad have potential for high capital appreciation and higher rate of returns .