4 Top Benefits of Buying Residential Property in Pune

 

Pune real estate market is India’s No-1 market for property buyers as of date. Anyone planning to buy a residential property in Pune will have an Investment edge over other locations. The latest new launch projects in Pune is Mahindra Lifespaces Pimpri.

The growth of Pimpri Chinchwad (PCMC), which was mainly an industrial area until the 90s, has now transformed into a residential hub, and additionally, its closeness to Hinjewadi, has also transformed it into a central commercial zone.

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Pune real estate market is India’s No-1 market for property buyers as of date. Anyone planning to buy a residential property in Pune will have an Investment edge over other locations.

The growth of Pimpri Chinchwad (PCMC), which was mainly an industrial area until the 90s, has now transformed into a residential hub, and additionally, its closeness to Hinjewadi, has also transformed it into a central commercial zone.

Today, PCMC is often considered as a gold mine for residential and commercial investment by investors all over the real estate sector.

So, are you thinking of owning a residential property in Chinchwad a good investment plan for you? Or, is it good to invest in commercial or residential property in PCMC?

This Article tells you about the actual benefits of buying residential property in PCMC.

Benefits of Buying a Residential Property in Pimpri Chinchwad.

1. Opportunity for Rent Earning and appropriate Appreciation

There is a huge opportunity for rent earning and rent appreciation. This is the most important factors that attract people towards making residential investments in PCMC.

The rent mostly depends on a scope of factors that includes the location area of the property. It also depends on the size and space of the apartment. Also, the business opportunities in the locality, furnished, semi-furnished, or unfurnished can determine the rent.

Your property has to be in the right location, no matter the area, it should be well connected with the other parts of the city. The property should also have a sizable residential area around, and then the rent prospects will be potentially high.

Apart from this Pimpri Chinchwad Municipal Corporation also enjoys a considerable good annual rent appreciation. Average yearly appreciation is somewhere around 8% to 10%. Although, in some areas of Pimpri Pune that are extensively developed in terms of real estate residential growth the appreciation rate might grow to become as high as 12-14% each year.

2. Best Connectivity – Exposure of Metro.

Pimpri area is very well connected to Pune and many other close by industrial areas and IT zones. Areas such as Hinjewadi, Talegaon, Chakan, Talawade, Markal, Baner, Alandi, Dehu Road, Balewadi roads are connected to Pimpri. Arterial Mumbai-Pune and Mumbai-Bangalore highway are also connected to Pimpri.

There are remarkable portion of the suburban railway network which runs through PCMC. It comprises stations like Akurdi, Dehu Road, Kasarwadi, Chinchwad, Pimpri and Dapodi consequently making it a well-connected city.

The metro route starts from Pimpri and connects with the other parts of the Pune city. This is another significant advantage that is considered to work in favor of residential property investors who have already been invested or desire to invest in PCMC.

3. The Residential Growth

Pimpri Chinchwad is rapidly growing across all over its boundary. The major urban portion of the city, exactly in the late 90’s, was restricted to only Punawale. On the west it was Pradhikaran. Dange Chowk toward the south, Bhosari in the east and Chikhali toward the north. One such upcoming project in this location is Mahindra Lifespaces Pimpri.

Now if you see all these areas have already become residential development hubs in Pune. The more higher the residential growth, the more the number of business prospects.

The residential development in all these areas such as Hinjewadi, Wakad, Pimpri, Rahatani, Saudagar, Kalewadi, etc., also contribute to help PCMC to maintain its residential importance.

4. Numerous Commercial and Industrial Areas Around.

Pimpri is not only residential hub in Pune but also the industrial location that makes PCMC a flourishing commercial center. The presence of several industrial areas all over the Pimpri city which includes Bhosari, Talegaon, Chakan, Talawade, Chinchwad, Alandi, Markal and Pirangut, fosters the need for allied suppliers, and later, the requirement for commercial spaces on rent in and around PCMC.

Finally, the growth of Pimpri Chinchwad becoming into a critical IT hub keeps PCMC constantly sought after as potential commercial investment zone. As a result, depending on the type of residential property you buy and its size, PCMC gives you the opportunity to earn through renting out your apartments.

If you would like to book flats in Mahindra Lifespaces Pimpri to avail exclusive offers, do call or WhatsApp at 8825183565.