Exploring the Benefits of Investing in Residential Properties in Pune for NRIs

Every region in India has people who have gone to foreign lands to pursue their dreams. Yet their ties with their homeland will never be broken. One of the ways to maintain emotional ties is real estate investment. Many plan to retire in their motherlands while many prefer to stay connected. And what better way to do that than to own a home or property? Given the rapid rise in the property market, this also is a very profitable venture making property investments a win-win situation. Pune real estate has shown remarkable growth in the past few years and is expected to do so in the future. With a thriving IT sector, pleasant weather, and rapid infrastructure growth, it can be an ideal destination for NRIs interested in coming back or having a property investment. 

Let us delve more into this:

1. Employment Hub

IT, IT Services, Manufacturing, Automotive, and Healthcare are some of the booming industries that have added to Pune’s GDP significantly. These industries employ lakhs of skilled and unskilled professionals. A young working population always needs housing that can be rented or bought which in turn drives the real estate sector. NRIs investing in residential properties in Pune can rest assured that their investment will generate good rental returns with a steady rise in property prices over time.

2. Educational Hub

Pune has been established as an educational hub with many reputed institutions for professional courses and skill-based programs. Many aspiring students and professionals migrate to Pune to train and find employment. Allied businesses thrive due to the education and training industry.  The city is the potential hub for NRI real estate investment. 

3. Infrastructure

Infrastructure initiatives like the ongoing Pune Metro Rail Project will connect major IT hubs of Pune. The construction of a Ring Road has been undertaken to ease congestion. Important areas of Pune are witnessing road widening and flyover construction to improve ease of travel, connectivity, and efficient traffic management. These initiatives will make Pune a vibrant and sustainable city making it an NRI attraction.

4. Quality of Life

Pune has pleasant cool weather throughout the year. The winters are cherished, and the summers are mild.  Pune, the cultural capital of Maharashtra,  offers interesting experiences. The palace of Shaniwarwada, Dashabhuja Ganpati Mandir and Mrutyunjayeshwar temples, museums, and theatres are the epicentres of art and history.  The city is close to the Sahyadri range with numerous forts and hill stations that can be explored by adventure seekers. Pune’s nightlife is well suited for young professionals living here.

5. Affordability

When compared to other major real estate markets like Mumbai, Bangalore, and Delhi the property prices are comparatively lower in Pune. This is a unique opportunity for NRIs to own more property in their budget. The returns earned will be higher as the quantum of investments is higher making Pune an irresistible place for investment.

Pune is the best choice of investment for NRIs who are seeking good returns on their investments. They can also consider settling down as the city is vibrant yet pleasant.