Five reasons why NRIs should consider Pune for Realty investments in India
We are always actively seeking profitable investment prospects, and in this regard, Non-Resident Indians (NRIs) are no different from us. As India’s real estate market continues its growth trend, Pune continues to be an exceptional choice for NRI real estate investments.
With a thriving economy, strategic location, developing infrastructure, and excellent quality of life, we can depend on Pune to offer us impressive potential for great return on property investment. Let us give you five compelling reasons as to why NRIs should consider Pune when they think of making real estate investments.
Growth in Job Opportunities
Often called the “Oxford of the East,” Pune is known for its country’s best educational institutions and a budding job market. With the rapid industrialization of the city today, numerous multinational companies, IT parks, and manufacturing units have Pune as the base of their operation. This leads to an exponential increase in youth employment prospects after graduation.
With the presence of renowned IT companies like Infosys, Wipro, IBM, and TCS, Pune has established itself as one of the top IT hubs in India. Additionally, automotive giants like Tata Motors and Bajaj Auto have their headquarters or manufacturing plants in Pune. These industries provide ample employment opportunities across various sectors.
The robust growth of these sectors has attracted skilled professionals from all over India and abroad. The best way to invest in India for NRIs would be to take advantage of this booming job market which can be done by purchasing residential projects in Pune that cater specifically to working professionals.
Moreover, with initiatives like “Make in India” promoting foreign investment and entrepreneurship culture flourishing rapidly, more start-ups are choosing Pune as their base. This trend further boosts job creation opportunities for both locals and NRIs alike.
In terms of NRI investment options, Pune ensures a steady rental income. The city has opened doors to potential employment options for NRIs returning home or seeking new ventures. With the continuous growth trajectory it is experiencing, Pune promises ample career prospects for individuals across various industries
Strategic Location
When it comes to real estate investments, one of the key factors to consider is the location. And Pune ticks all the right boxes in this regard. Situated in Maharashtra, Pune is surrounded by lush green hills like Sinhagad and Sahyadri ranges that add a touch of natural beauty while giving the city a pleasant climate throughout the year.
Pune boasts excellent connectivity with major cities and towns through an extensive network of roads, highways, and railway lines. The city is traversed by four national highways, namely the Mumbai-Bangalore bypass, Pune-Solapur Road, Old Pune-Mumbai Road, and Pune-Satara Road, facilitating convenient access from various significant locations across the country. This seamless accessibility enables both residents and investors to enjoy uninterrupted connectivity.
The upcoming international airport at Purandar on the outskirts of Pune will elevate the city’s strategic importance even further. The new airport is set to enhance air connectivity and will serve as a cargo hub for the state, driving economic growth in the region.
Developing Infrastructure
Pune has been witnessing rapid development in terms of infrastructure, making it an attractive destination for real estate investments. The city’s expanding road network and improved connectivity have significantly reduced travel time within the city and to neighboring areas. This makes Pune a convenient place to live and work.
The Pune Metro project is another significant infrastructure development that is set to enhance transportation facilities in the city. With multiple lines planned across different parts of Pune, the metro system will provide an efficient mode of transport, reducing congestion on roads and offering seamless connectivity.
The city is also witnessing remarkable progress in terms of commercial spaces and IT parks. Many multinational companies plan to set up their operations, which will create employment opportunities for local residents and NRIs. This surge will also drive demand for property in Pune.
Educational Hub
Pune has earned the reputation of being an educational hub, attracting students from all over India and abroad. The city is
With such a vast pool of students seeking quality education in these top-notch educational institutions, there is a high demand for rental properties in the city. This makes it an ideal opportunity for NRIs to invest in residential projects and generate consistent rental income.
As more students enroll every year and demand continues to rise, property values are likely to appreciate over time. By investing in properties near reputed schools and colleges, NRIs can also secure housing options for their children or future generations studying in Pune. They can provide them with a safe and convenient place to stay during their academic years while capitalizing on investment opportunities at the same time.
Quality of Life
Pune, known as the cultural capital of Maharashtra, has a pleasant climate throughout the year, with moderate temperatures and ample green spaces. This makes it an ideal place for those seeking a peaceful and serene environment.
A diverse culinary scene catering to different palates. From street food stalls serving lip-smacking local delicacies like vada pav and misal pav to fine dining restaurants offering global cuisines – there’s something for everyone in Pune!
Conclusion
Pune stands out as one of the most attractive cities for NRI investors due to its flourishing economy, strategic location, robust infrastructure development plans, top-notch educational institutions, and enviable quality of life.
With its enticing blend of natural beauty, cultural heritage, and abundant opportunities, Pune has all the right ingredients for a successful generation of good ROI on real estate investments by NRIs.
So if you’re an NRI planning on investing in Indian real estate, Pune should definitely be at the top of your list!
