Enquiry

5 Reasons Why Mumbaikars Should Invest in Pune’s Real Estate

Purchasing a home or making an investment in real estate is likely to be the most significant purchase you will make in your life. That’s why every phase of the home-buying process must be handled with considerable caution. Prior to anything else, you must decide on a location. If you’re undecided between Mumbai and Pune, read this article first before making a decision. 

Locality, weather conditions, easy access to essential necessities (market, school, hospital, playground, etc.), access to public transportation, and so on are all factors to consider while choosing a site. Your chosen location has a significant impact on your persona and lifestyle choices, so think carefully before making a decision.

In comparison to Mumbai, Pune’s real estate is in high demand due to its greenery and peaceful environment. Maybe that’s the reason why Mumbai’s real estate investors are flocking to Pune to take advantage of the city’s booming real estate market. Mumbai has been experiencing a slowdown for the past few years and will continue to do so. Furthermore, the development of Pune’s IT sector has created a plethora of job prospects, which is one of the main reasons why real estate in Pune is expanding. 

But there’s more! Here are 5 reasons why Mumbaikars are wooed towards Pune…

 

Mumbai’s Property Prices Are Insanely High

 

Rising Real Estate Price in Mumbai

 

Mumbai’s real estate market is becoming increasingly pricey every day. A minimum expenditure of INR 1 crore is required to purchase a 600 to 700 sq. ft. apartment in Mumbai (average cost). In comparison to Mumbai, property prices in Pune are significantly lower. You receive better deals on better projects, amenities, and infrastructure, among other things. In Pune, you can have a bigger property for the same price as in Mumbai. Within Pune, there are various economical 1 and 2 BHK flats for budgets of INR 30 to 40 lacs, respectively (average cost).

 

Mumbai Is Polluted & Crowded Enough To Be Suffocating

 

Mumbai Traffic and Pollution

 

Pune has recently been named India’s second most livable city. The Ministry of Housing and Urban Affairs published this conclusion based on four major parameters: physical, economic, and social infrastructure, as well as governance.

Furthermore, although most Indian cities, such as Mumbai and Delhi, are suffering from unbearable hot temperatures, Pune appears to have a soothing temperature even in summers – the city enjoys pleasant weather all year. Summers are pleasant, winters are spectacular, and monsoons are just extraordinary. The temperature is not excessively hot or chilly, but nice at any time of year, thanks to the abundance of mountains and flora that surround the city. As a result, it is a better place to invest in real estate for everyone.

 

Mumbai Is Like A Ship In A Bottle

 

Ship In a Bottle

 

There isn’t enough land in Mumbai to accommodate luxurious amenities in residential buildings. If they do, the projects will cost a lot of money. Pune, with its large landmass, provides basic amenities even in low-cost housing complexes – Here the premium and luxury apartments are equipped with top-of-the-line amenities. 

People nowadays expect more from their residence than just four walls and a parking spot, hence investing in Pune instead of Mumbai is a profitable decision by a huge margin. 

 

Mumbai No Longer Possess Monopoly In Jobs In Maharashtra 

 

IT Park In Pune

 

Pune is one of the Indian cities where there is a lot of activity in the IT industry. Pune is home to some of India’s largest IT parks, such EON IT Park, Cybercity Magarpatta, ICC Towers, Cerebrum IT park, Nonspace IT Park, Weikfield, etc. with over 110 MNC offices. There are around 5 designated IT zones in the city, with all of the main IT companies such as TCS, Infosys, Wipro, Cognizant, and others. Because of Pune’s inexpensive cost of living (in comparison to other IT cities), an increasing number of businesses are considering setting up shop there. Hence investing in commercial real estate will also be a profitable venture in Pune. 

 

Mumbai’s Dirty Beaches Have Become Unpleasant Lately

Whether you prefer the sun and sand of the beach or the serenity of the mountains, Pune has it all. Following the monsoon, many trekking destinations in and around Pune are inundated by hikers. Hill stations such as Mahabaleshwar, Matheran, and Lavasa are only a few hours distant from Pune, and clean serene beaches such as Konkan and Ratnagiri provide for great weekend excursions. And don’t forget the city’s many magnificent forts and cascading waterfalls, which acts as the icing on the cake. 

 

Conclusion

Pune is no longer a small city; its vicinity has expanded to include the real estate market, educational institutes, industrialisation, IT and public sector development, and increased employment prospects, among other things. Pune has developed a great blend of modern development and service industry as a result of all of these aspects, making it a complete economic powerhouse in every way. As a result, it is an ideal location for young people to establish their personal and professional impressions. 

Take a look at Zen Estate, Kharadi, if you want to invest in a home that will create a good return on investment in the coming years. 

 

Zen Estate Kharadi

 

One of the best residential projects in Kharadi, Zen Estate is a departure from the typical cramped flats, lack of open space, and basic utilities. Zen Estate received the coveted ‘Residential Complex of the Year 2020’ Award from Realty+, an exchange4media & BW BusinessWorld Group newspaper. Zen Estate has also been designated as an IGBC PLATINUM Project for being a secure gated community with an all-encompassing green habitat. 

Listed among the new properties in Kharadi Pune, Zen Estate is a lush neighbourhood with equally decent amenities that cater to the needs of 2 BHK Flats in Kharadi and 3 BHK Flats in Kharadi. This is a perfect balance if you’ve ever needed to discover it.