Planning to invest in real estate? For investors and prospective homeowners, Pune is the next major destination. The city is emerging with new homes and better lifestyles due to its growing IT sector, educational institutions, and enhanced connectivity. Among many spots, Kharadi and Hinjewadi lead the way.
Let’s explore why these two locations are the most popular among homebuyers and investors as well.
Top Reasons Behind Growth of Real Estate in Pune
The rapid development of Pune is largely attributed to its robust IT industry, institutions, and better transport. All these have made Pune an active area for individuals who desire quality homes and city life.
1. Expansion of IT Sector
Pune is now a major IT hub, with numerous IT companies having offices in Hinjewadi, Kharadi, and Baner. All these opportunities draw employees from all over India. Due to this, everyone wants to reside close to these offices. All this growth has increased demand for housing close to the workplace. Therefore, the price of flats in Hinjewadi has been found to be costly, thus making it the best choice to buy.
2. Institutions for Learning
Pune is well-provided with good schools and colleges. Students from every place in the world come and learn here. Areas near schools, like Shivajinagar and Kothrud, have a lot of new buildings being built. Individuals prefer to reside close to these types of schools, so these regions are growing extremely quickly. This has led many builders in Pune to introduce new housing schemes in these areas.
3. Infrastructure Development
Pune is currently undergoing several transportation and road improvements. Flyovers, new metro lines, and ring roads help free flow throughout the city. Good roads and transportation allow people to travel to school and work without difficulty. All these factors make locations such as Kharadi desirable. The better the transport, the higher the demand for flats in Kharadi.
4. Industrial and Manufacturing Domain
Pune also has good industrial belts, such as Chakan and Telegaon. Most workers desire to live near their workplaces. For this purpose, areas around these centres, such as Moshi, have witnessed a surge in new property residences. These industries and IT make Pune’s Kharadi and Hinjewadi valuable destinations for real estate.
To Sum It Up
Pune’s development is based on a number of factors, such as employment, schools, and roads. Kharadi and Hinjewadi are unique in the sense that they provide quality homes close to the workplace and schools. If you are looking to invest in Pune, seek good builders and quality projects. Gera Developments is the most preferable name for international-standard projects in Pune. Our emphasis on quality and timely delivery makes us a go-to option for your next home investment.