Why Pune makes a great investment destination
Dec 11, 2013
Source : The Times of India


PUNE: Being one of the fastest growing IT hubs of India, Pune has a cosmopolitan population with good social infrastructure, excellent educational institutes and constantly upgrading physical infrastructure. The city has always been known as the educational capital of India. The infrastructure, financial opportunities and most importantly the climate of Pune make the younger generation want to live here. In addition, its proximity to Mumbai, the financial capital, makes it very convenient to settle. Buoyed by all these factors, Pune has also been lucky to have had a stable government in the state of Maharashtra.

Many new projects, commercial complexes, multiplexes, gated communities and constructions with excellent designs have come up in Pune and are still coming-up in large numbers. The real estate success in the city is a symbol of the investor satisfaction. Builders have delivered projects after keeping in mind the needs and demands of the potential buyers. Pune offers a surety for yielding good returns on investment. The most appreciable fact about the city is that even the outskirts are developing rapidly, making the projects a good buy throughout the city.

There is good reason why real estate in Pune is proving to be a huge success. State of the art infrastructure, amenities at close call and projects in prime locations have added up to the value of properties in Pune. Some of the hottest real estate markets in Pune are in Baner, Balewadi, Viman Nagar and Kharadi. These are the most sought after localities by both investors and developers. The outskirts of the city areas such as Moshi, Chakan, Wagholi are also very promising as they are the major industrial belts. Any automobile company which is in India surely has one of its manufacturing units in Pune. Already there are plants by well-known companies such as Maruti, Tata, Mercedez, Volkswagen, Mahindra, etc.

Pune is being flooded with many projects in low, mid and higher segment. The high-end segment in Pune is implicit and is visible from the fact that the city could grab the attention of Donald Trump to put up a project here, the “Trump Towers”. The god of architecture, Philippe Starck, is giving us ‘Yoo Pune’. And not to forget, Pune is very soon coming up with the World Trade Centre. Apart from these, Pune has a few ultra-luxury projects by Skywards Developers in Baner. Where else will one get such high end specifications, space, location and a personal plunge pool?

Pune has been consistently performing in terms of providing the investors with a worth for their money. It still looks promising at least for another decade. Having said this, investors, home buyers and developers should keep a close watch on the about to happen elections (early 2014) in the country. Let’s keep our fingers crossed for Pune.

Latest Realty News

Only 7% unsafe buildings conducted audit: Maharashtra CM
Dec 11, 2013
MUMBAI: Chief minister Prithviraj Chavan said on December 10 in the house that out of the six thousand buildings identified for structural audits in Mumbai only 415 had complied with the order. The megacity of Mumbai seems to sitting on hundreds of ‘building bombs’ which may kill residents upon their collapse anytime in future.
Major Indian property markets of Mumbai and Bangalore slip in 2014 ranking: Report
Dec 11, 2013
MUMBAI: Major Indian property markets of Mumbai and Bangalore have slipped further as real estate investment destinations in the Asia-Pacific region, according to a PricewaterhouseCoopers (PwC) report. Mumbai and Bangalore have slipped to the 23rd and 20th positions in the 2014 rankings from 20th and 19th positions, respectively in 2013 survey.
IT units to pay property tax at residential rate
Dec 10, 2013
PUNE: After chief minister Prithviraj Chavan gave assurance of giving rebate in the property tax for Information Technology (IT) units, the standing committee of Pune Municipal Corporation on Monday approved a proposal of charging property tax from upcoming IT industries at residential rates and not commercial rates.
Lodha takes big strides amid gloom
Dec 10, 2013
MUMBAI: Late last month, Mumbai-based Lodha Developers hit the headlines when it announced the acquisition of MacDonald House, an upscale property in one of the most sought-after localities in central London which is near the old US embassy, for close to Rs 3,000 crore (£299 million) from the Canadian government. The 0.67-acre property is located in the heart of the city and houses the Canadian High Commission. Once it is completed, the acquisition will make Lodha Developers the owner of one of
Flat buyers spared service tax on maintenance fee
Dec 10, 2013
MUMBAI: Home buyers have something to look forward to in an otherwise dull property market. The customs, excise and service tax appellate tribunal recently held that they will no longer have to pay service tax on the one-time maintenance charge (deposit) paid to builders at the time of booking a flat.
Investment in Pune property market remains rewarding
Dec 10, 2013
PUNE: What makes Pune such an attractive property investment destination despite the fact that Mumbai, India’s legendary real estate market par excellence, is right next door? A few years ago, the reasons for this were not as obvious as they are today.
Investors of Hirco Plc raise questions against erstwhile bosses
Dec 10, 2013
MUMBAI: Investors of Hirco Plc, a company listed on London's Stock Exchange's sub-market AIM, are raising serious questions against the firm's erstwhile chairman Niranjan Hiranandani and then CEO Priya Hiranandani-Vandrevala.
When and how to buy your dream home
Dec 09, 2013
MUMBAI: Buyers are faced with several dilemmas when they purchase a house. Here are the answers to some of the key doubts:Real estate, though a mainstream investment and probably a part of every financial portfolio, is also unique. It is the single largest financial commitment that most people make in their lifetimes. Buying a property also involves a lot of subjectivity and is not just a factor of the property's price or the interest rate on the home loan. Here are some questions you are likely
Proximity to Lohegaon airport a virtue
Dec 08, 2013
PUNE: Charoli (or Charholi) is an emerging and promising location near Pune's Lohegaon airport, being developed in response to the increasing demand for affordable, yet strategically located, homes. Like many other previously undiscovered and now well-developed entrants on Pune's real estate map, Charoli was previously an agrarian locality which, by virtue of large tracts of available land, has now been identified as a logical area for development expansion. Charoli has some very significant loc
Commercial property: Opening up to retail investors
Dec 07, 2013
MUMBAI: Buying an office or retail space is a huge investment, which is why commercial realty has been traditionally seen as an asset class that only institutional investors or high net worth individuals could invest in. That, however, is changing. Many retail investors are now getting into the office real estate game.

Latest Realty News Of State

Realty Talk's