5 Popular Localities To Invest in Pune

Pune is the second largest city in Maharashtra known as the IT and educational hub in the state. The city's urbanization growth has been unprecedented in the past few years and is expected to continue in the coming years. The demand for housing has been growing at an equal pace. Many old localities and some new ones have picked up pace with new projects coming up. The demand for some localities is greater than others due to factors like access to IT hubs, social infrastructure, and future growth prospects. The pricing of properties also varies depending on this demand. Hence, some localities prove to be better options for investment than others.

Let us look at 5 such localities that are best for investment:

1. Kharadi

Kharadi is a leading IT hub in Pune with offices of many leading IT MNCs. This makes the locality a prime investment destination as the working populace will be housing options. Since the residences will be close to offices, most would prefer to live in and near Kharadi. This will also boost the development of the social infrastructure of Kharadi improving its attractiveness. In the coming years, investing in ready and under-construction projects in Kharadi will give good rental returns with property appreciation. 

2. Pimpri Chinchwad

Pimpri Chinchwad is a major industrial hub of Pune ranking as one of the largest in Asia. Many IT and manufacturing hubs have a large working population living nearby. The demand for housing and commercial properties is increasing. Builders in Pune have many projects coming up in the region. The government has boosted the development of affordable housing projects in the region. Pimpri Chinchwad is a leading location for investment, as the locality is poised for future growth. 

3. Hinjewadi

One of the biggest IT hubs of Pune, Hinjewadi is a hotspot for investment with a large working population living here. New projects coming up here are ideal for investment as there is a constant demand for rental accommodation and the property resale value is also high. The location boasts of the best social infrastructure and good connectivity to major hubs.

4. Bavdhan 

Bavdhan is a nature lover’s paradise. It is surrounded by greenery and beautiful views of the mountains surrounding it. Home buyers looking for a balanced lifestyle will buy their homes here. Investing in Bavdhan makes sense as many projects are coming up here.

5. Baner

Baner is close to Hinjewadi and acts as a substitute for it. The location is an upcoming one with a good potential for giving high returns on investment. Projects in Baner are modern with the best amenities and facilities. It has the best social infrastructure with beautiful landscapes and lush greenery around it. 

Investors can invest in these locations after doing the mandatory due diligence that includes researching builder reputation and market trends, verifying documents, and checking the project on the RERA website.