Top reasons to make a Property Investment in Baner, Pune
Baner is increasingly becoming popular for property investments. Given how fast the city of Pune is growing and changing, it is the right time to dive into the real estate market for a lucrative investment opportunity. At the heart of the real estate market in Pune, investors are busy buying residential property in Baner to experience long-term capital appreciation and short-term rental yield.
But what about Baner is driving investors to park their assets in the suburb? Read on to find out!
Real Estate Boom of the City
Pune, one of India’s fastest developing cities, is becoming an increasingly popular destination for real estate investment. With a thriving economy and a growing population of IT professionals, business owners, and entrepreneurs, luxury real estate in Pune is in high demand. According to a recent report, Pune’s real estate market is expected to grow by 7-10% in the next five years, driven largely by this demand for high-end properties. What makes Pune particularly attractive for investors is that luxury apartments are available at a fraction of the cost compared to other major cities. With a number of large-scale premium residential projects by Kolte-Patil underway, Pune is expected to continue to attract real estate investment in the coming years. Whether you’re a seasoned real estate investor or just getting started, Pune’s booming market presents a compelling opportunity to build your wealth.
Baner is extremely well-connected to the rest of Pune city via an excellent network of roads and public transport. A solid network of major roads, including the Baner Road, Dehu Road- Katraj Bypass, Pashan-Sus Road, and Mumbai-Pune Expressway, all connect the locality not just to Pune but the neighbouring city of Mumbai as well.
With the Pune International Airport only 18 kilometres away and the railway station just nine from the locality, IT and ITES professionals working in Rajiv Gandhi Infotech Park at Hinjewadi are choosing to live here. It’s an ideal location for those wishing to invest in a property with good resale value.
Proximity to IT Parks
Baner is one of the most happening places in Pune and is known for its buzzing IT parks. Some of the major IT parks in and near Baner include World Trade Centre, Cybercity, and NCL IT Park. This makes it an ideal location for those working in the IT sector. The proximity to these IT parks makes Baner an attractive proposition for property investors looking to seek rental yield and IT employees looking to buy into their dream homes.
Investing in a residential property in Baner in Pune is an excellent decision for those looking for potential growth and returns on their investment. The perfect blend of location, easy commute to work, well-developed civic infrastructure, and strong transportation connectivity make this area highly attractive for real estate investments.
Moreover, the rate at which the real estate market of Pune is growing, which is in tune with the growth rate pushed by the government and the real estate developers of Pune, makes the area a very lucrative option for investments today. With all these factors, one can definitely think about investing or owning a property in Baner for both short-term and long-term goals.