Pune is a growing metropolis. It has also recently been accorded the status of ‘the most livable city in India’. Thus, the real estate sector in Pune holds a great deal of promise. More and more people are buying flats in Pune. Mega properties like Kolte Patil Life Republic are coming up as well. Are you also looking for a property in Pune?
# Tendency Of Pune Real Estate
-> The Pune real estate sector is a part of India’s thriving real estate industry. The real estate market saw a jump of close to 85% in the current financial year FY 2018-19, as compared to FY 2017-18.
-> There are many new apartment complexes now. That is because demand for properties ranging from 1 BHK flats to lavish villas in gated communities is growing. The market trends are positive and the keys are being handed over on time. This has ensured a rapid rate of growth for the real estate industry.
-> This rise in demand has made it easier for buyers to get properties of their choice. It has also made it possible for builders to build better houses. Properties such as Kolte Patil Life Republic in Pune are changing trends by offering luxurious lifestyle options at affordable rates. This is a win-win situation for everyone.
-> The real estate boom is also offering employment opportunities to thousands. And finally, it is also helping boost the business of home loans. Housing loan are now available without much trouble. Financial institutes are walking hand-in-hand with the real estate industry to ensure good quality houses are built and sold with ease.
# The Reasons Behind The Real Estate Boom In Pune
So, what makes Pune such a hotbed for real estate in India? There are quite a few reasons for this:
-> Excellent infrastructure: Pune has very good facilities. The roads are good and so is the weather. Educational institutes and hospitals in Pune are mostly top-notch. The city also has an able pollution management system in place. Put together, it is quite simple: People like living here.
-> Affordable: Life in Pune is affordable. Since it is a developing city, the real estate prices are not as steep as they are in, say, Delhi or Mumbai. You can thus afford to buy a property in Pune even in posh societies like Kolte Patil Life Republic.
-> Many job opportunities: Pune is fast becoming the preferred destination for software companies in India. Many of the top IT companies, multinational organisations, and other noted firms are now operating out of this city. This has created more jobs and people from all parts of the country are now moving to Pune. This steady growth in the population has brought with it the need for good housing solutions. People are buying the flats to live in or to rent out to migrant workers.
-> Easy finance opportunities: You get some very good home loans from banks as well as non-banking financial institutions (NBFCs) like Bajaj Housing Finance. Home loans of up to Rs.3.5 crore are available from lenders like Bajaj Housing Finance. You can use this to buy villas or flats in Pune. Lenders offer these loans at attractive rates of interest and on easy terms. This makes it easy for people to buy property in Pune, either to live in or as an investment.
The Final Word
-> If you have planned to buy property in Pune, you have made the right decision. Look for a good property like Kolte Patil Life Republic and make a smart investment. At the same time, find a good home loan offer from a reliable lender.
-> You need a lender who offers the best interest rate as well as good repayment terms. This will help you to buy your flat in a smooth and hassle-free manner. Once that is done, move in and enjoy life in the beautiful city of Pune.
Arwind Sharma is a financial advisor with an experience of more than 7 years. He has worked for topmost financial firms in India and has been a visiting faculty at many reputed institutes in India. Currently based in Gurgaon, Arwind Sharma is a name to reckon with when it comes to financial management for big brands. A post-graduate in business economics, he is an alumnus of Princeton University, USA. During his free time, Arwind teaches children from marginalized sections of society and also work on his blog.