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Best Places and Locations for Real Estate Investment in Pune Best Places and Locations for Real Estate Investment in Pune

Best Places and Locations for Real Estate Investment in Pune

Published on: Apr 23, 2024

Pune has for long been one of the most preferred destinations for real estate investment, and rightly so. The emergence of IT parks in locations such as Hinjewadi and Kharadi has attracted a robust influx of skilled professionals from all over the country, creating an ever-growing demand for new residential projects in Pune. This in turn has resulted into a growing demand for new commercial projects in Pune, as visionary businessmen sense growth and prosperity in residentially dense locations. In this blog, we will first take a detailed look at why real estate investment in Pune is an alluring option. Then, we will explore the best locations for new residential projects in Pune and new commercial projects in Pune.

Why invest in real estate in Pune?

Before we dig deeper into the best locations, here are a few factors that make investing in real estate in Pune  the best option for you. 

A land of opportunities: The booming IT, manufacturing and automobiles sector make real estate investment in Pune an alluring option for homebuyers, businessmen and investors. This is one of the major reasons why there has been an ever-growing demand for new residential projects in Pune and new commercial projects in Pune.

Educational Hub: With renowned institutions like the University of Pune, Symbiosis International University and more, Pune attracts students from all over the country. This adds to the demand for rental properties. 

Quality of Life: Pune’s pleasant climate, vibrant lifestyle and robust social infrastructure make it an appealing destination for homebuyers and businessmen. 

Excellent connectivity: Pune enjoys a strong network of roads, and offers quick connectivity to important cities through the pune-Mumbai Expressway, Pune-Bengaluru National Highway and Pune-Ahmednagar Highway.

Where to invest in Pune real estate? Let’s take a look at a few popular locations

1. Wakad

Wakad has emerged as one of Pune’s fastest-growing suburbs, and has attracted homebuyers looking for new residential projects in Pune. This is largely because of its proximity to the Hinjewadi IT Park. In addition, the location takes pride in its rapid development, robust social and civic infrastructure, and its cosmopolitan lifestyle. Wakad’s proximity to the Mumbai-Pune Expressway and Pune-Bengaluru National Highway also makes it the preferred choice of homebuyers, businessmen and investors.

2. Hinjewadi

If you are an IT professional, and are looking for new residential projects in Pune that are closer to or home to global IT firms, look no further than Hinjewadi. Hinjewadi is home to major companies like Infosys, Wipro, TCS and more. The high demand for new residential projects in Pune and new commercial projects in Pune, is also largely because of the development this location has brought in. In addition, the upcoming Metro makes Hinjewadi an attractive option for homebuyers looking for new residential projects in Pune.

3. Kharadi

Kharadi has transformed from a quiet suburb into a bustling IT hub. It hosts the EON Free Zone and an array of IT firms and MNCs, making it an attractive destination for skilled professionals. In addition, the presence of international schools, hospitals, and shopping malls adds to Kharadi’s allure. The ongoing development of the Pune Metro will further improve connectivity, resulting in an impressive price appreciation of the residential and commercial developments here.

4. Baner and Balewadi

Just like Koregaon Park, Baner and Balewadi are also known for their upscale residential and commercial projects. These two bustling locations offer you the perfect blend of modern amenities and a peaceful environment. Baner, in particular, has contributed significantly to the number of new residential projects in Pune. Just like Hinjewadi and Wakad, these two locations too benefit from their proximity to the Mumbai-Pune Expressway and Pune-Bengaluru Highway.

5. Kothrud

Even after two decades or so, Kothrud continues to be one of Pune’s most sought-after locations. Known for its excellent social infrastructure, including schools, colleges, and hospitals, Kothrud offers a mix of traditional and modern living. Needless to mention, the Metro has just added more charm to this already enchanting location.

6. Viman Nagar

Viman Nagar is strategically situated near Pune Airport, and is looked up to as an upmarket and a thriving location. The location takes pride in its perfect mix of residential, commercial, and retail properties, making it an attractive choice for investors. Its proximity to the IT hub of Kharadi and major educational institutions has further fueled the demand for rental properties.

7. Dhanori

Once a quiet suburb, Dhanori has magnificently transformed into a bustling location. Today, Dhanori takes pride in its robust social and civic infrastructure. In addition, the location enjoys excellent connectivity to Pune’s prime destinations, and has witnessed a steady price appreciation in the recent years.

If you are looking for the best area for real estate investment in Pune, you could choose between Dhanori and Hinjewadi, depending on whether you would prefer the eastern part or the western part of Pune. For new commercial and residential projects in Pune, you could always trust Triaa. Triaa has been at the forefront of real estate development in Pune, and takes pride in its rich legacy of successful landmarks. To know more about Triaa, visit – https://triaa.in/

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