Top 4 Areas in Pune which will Help You to Earn Highest Rental

Resuming the original pace of growth and progress after COVID-19, the ‘cultural capital of India’, Pune has recently been ranked number two in the Ease of Living Index, 2021 (Union Housing and Urban Affairs Minister). The city is redefining urban living as we know it.

The employment opportunities have skyrocketed, increasing the influx of migrants from other parts of the state and country. This uniform progress is due to the ingress of significant IT, manufacturing and automobile companies into the city. Pune is also recognised as an education hub that attracts students across the country.

Here are a few suburbs that offer the best ROI and rental returns--

Kharadi

The EON IT Park is the foundation of increasing demand for Kharadi. The free market democracy has substantiated an influx of foreign investors and companies to reap the benefits of Free Zone SEZ.

Pune Airport, Railways, and the proposed Ramwadi metro station for metro line 2 have offered comprehensive connectivity.

The overall gated community of the suburbs present a secure and family-friendly environment. Most people who migrate from other cities prefer this suburb for its affordable rental structure and convenience of living. Gera’s World Of Joy is the first project to introduce ChildCentric® homes– providing a wholesome environment for children while bringing influential celebrity academies under one roof.

Families trust such locales due to the prominent educational institutes and a suitable healthcare system. From an investment perspective, one can expect steady increases in rental returns with good ROI on property.

Pimpri-Chinchwad

Pimpri-Chinchwad is the most prominent sector in Pune, including outskirts areas, thus presenting an extensive area for residential projects with progressive infrastructure.

Gera’s Imperium Gateway, PCMC is gaining massive traction for people interested in leasing or buying office space. This commercial property in PCMC offers your business connectivity to significant information technology hubs like–

• Rajiv Gandhi InfoTech Park
• DLF Akruti IT Park
• Panchshil Tech Park
• International Tech Park.

Pimpri-Chinchwad Municipal Corporation has incorporated flagship projects, including the Smart city mission, Pradhan Mantri Awas Yojna, and Atal Mission for rejuvenation and urban transformation (AMRUT). This infrastructural development and residential expansion have increased its desirable quotient, thus soaring the rental prices.

Hinjewadi

The largest IT hub of Pune, housing the most MNCs with corporate offices of Infosys, Wipro, Cognizant, etc., is the primary reason Hinjewadi became a breakthrough city. It is hands down one of the best places to reside owing to the employment, real estate, connectivity and facilities.

Rajiv Gandhi IT Park is one of India’s most aspired employment hubs, with over 2000 firms and 10 lakh employees. This substantial demography facilitates a robust rental structure in the city.

People looking to bank on the popularity and connectivity of Hinjewadi can opt for office spaces offered by Gera’s Imperium Hinjawadi. This commercial project offers today’s entrepreneurs the best-in-class specifications, provisions, and amenities. Also, the heavy footfall and locale are a bonus that adds to the value of your business address.

Hadapsar

Placed on the Pune-Solapur highway, Hadapsar is growing exponentially, following the well-planned model for development. Development of the Eastern Pune corridor has decentralised the commercial regions and expanded the horizons of Industrialisation in Pune. Hadapsar has emerged as the topmost suburb for harboring the most influential MNCs and SMEs while introducing a new clan of startup culture. This is an excellent incentive for investors as the demand has surged considerably in the last four years with a whopping 29% in property value appreciation. (source:Magicbricks.com)

Moreover, the steady rental returns offered by co-living spaces and the influx of working professionals have generated phenomenal income for investors.

In Conclusion

These areas are generally enlisted based on cost-effectiveness, ease of commute, security & safety, demography, and future valuations. Rest assured, one can expect steady rental returns and LTCG (long-term capital gains) from the above locales.