Five reasons why NRIs should think about investing in real estate in Pune, India
For Non-Resident Indians (NRIs) looking to invest in real estate in India, Pune is a city that should be on their radar. Located in the western state of Maharashtra, Pune is a vibrant city that is known for its IT industry, educational institutions, and cultural heritage. Here are five reasons why NRIs should consider Pune for realty investments in India.
Booming Real Estate Market: Pune’s real estate market has seen a steady increase in demand in recent years, with a focus on affordable housing and the development of infrastructure projects. According to a report by Knight Frank, Pune’s real estate market is expected to grow at a CAGR of 6% between 2020 and 2025, making it an attractive investment option for NRIs.
Well-Connected: Pune is well-connected to major cities in India, such as Mumbai and Bangalore, with an international airport and a well-developed road and rail network. This makes it easy for NRIs to travel to Pune and oversee their real estate investments.
Education Hub: Pune is known for its educational institutions, with several top-ranking colleges and universities, such as the Indian Institute of Technology (IIT), the National Institute of Technology (NIT), and Symbiosis International University. This has led to a high demand for student housing, making it a lucrative investment opportunity for NRIs.
IT Hub: Pune is home to several IT companies, such as Infosys, Wipro, and Tech Mahindra, making it a hub for IT professionals. This has led to a high demand for residential and commercial properties, making it an attractive investment opportunity for NRIs.
Cultural Heritage: Pune has a rich cultural heritage, with several historical sites and monuments, such as the Shaniwar Wada and the Aga Khan Palace. This has led to a growing interest in heritage properties, which can provide a good return on investment for NRIs.
In conclusion, Pune is an ideal city for NRIs looking to invest in real estate in India. With a booming real estate market, good connectivity, a focus on education and IT, and a rich cultural heritage, Pune provides several investment opportunities for NRIs. However, NRIs should do their due diligence and research the market before making any investment decisions.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
