The commencement of the 2020 decade has been an interesting one. From witnessing the onslaught of one of the worst pandemics in modern human history to the onslaught of a cold war between the leading powers of the world to the transformation to a multipolar world order and the shift of demand-supply channels, the decade has been one of massive upheaval.
Consequently, the global economic ecosystem has been undergoing significant turbulence. In the midst of this pandemonium, however, Indian real estate assets have stood resilient, not only holding their own against volatile market forces but actually undergoing significant growth. In the Indian landscape, it is the city of Pune that has been one of the most sought-after investment destinations in the country.
This is because of many reasons, like the city’s advanced transit infrastructure, its state-of-the art social institutions, impressive business and IT hubs, etc. Corollarily, this has led to many people moving to the city in search of better opportunities and a higher quality of life, resulting in a surge in the demand for residential properties in Pune. While there are many residential properties in Pune, it is VJ YashONE Eternitee that stands out.
Located in Maan Hinjewadi, Pune’s hottest investment avenue, the 7-acre community comprising 2 and 3 BHK residences is curated to deliver an exceptional lifestyle to its residents. With over 45+ luxury amenities like swimming pools, gymnasiums, working pods, etc., here you will find a home of unlimited possibilities. When you invest here, you are assured to be investing in a locale that is primed to be full of appreciation potential.
Let us explore a few reasons why your next investment should be in Pune:
An ecosystem of educational and employment opportunities
Did you know that Pune is one of the fastest-growing smart cities in India? In addition to this, the city often tops the survey of the most livable cities in the country. While there are many reasons for the city’s achieving this status,we cannot deny the role the city’s progressive educational sector has played. Indeed, the city, often known by its moniker ‘Oxford of the East’, is home to more than 811 colleges and higher education institutes.
The fact that the city’s colleges were one of the first in India to offer computer science courses led to a flurry of students moving to the city in the 1990s. This has eventually led to the city becoming an IT hub, home to many multinational companies. Today, IT giants like Infosys, Wipro, and Tech Mahindra are present in the city, not to mention the city’s foremost IT base, Rajiv Gandhi Infotech Park.
The city today accounts for 30 percent of Maharashtra’s IT exports. The establishment of IT nexuses and educational centres has undoubtedly led to an increase in the number of people wanting to reside in the city, with a leading real estate consultancy affirming the city’s IT sector as a driver of demand for residential properties.
A cutting-edge infrastructure landscape
The cultural capital of Maharashtra, Pune, has been earmarked as a smart city under the Union government-led Smart Cities Mission. With the vision of this mission being to elevate the urban built environment of the selected cities, the city of Pune’s infrastructural ecosystem has been significantly transformed by this initiative. A special focus on developing the city’s core infrastructure led to the city possessing robust IT connectivity and digitalization, efficient urban mobility and public transport, etc. in a manner that is sustainable to the environment.
As a result, Pune has seen remarkable infrastructure developments. Since the high density of traffic on the roads of Pune had led to an inconceivable pressure on the existing transit infrastructure, Pune Metro was established. The rapidly evolving mass transit system’s Phase 1 is already operational, with plans for expansion in the future. In addition to this, the proposed international greenfield airport in Pune is also set to enhance connectivity to the city, making the city a more attractive investment locale.
An opportune investment horizon
As a result of Pune’s rapid infrastructural growth and burgeoning IT hub, the city has witnessed a steady appreciation in property values. Research by property research firms showcases that property prices in the city have appreciated at a CAGR of 3-6 percent over the past few years.
This means investing in Pune’s residential properties can not only provide you with a home in a bustling region, but it can also be a source of steady, secondary income in the form of rent.
While the market can experience significant fluctuations, industry research has showcased that the real estate market has been on an upward trend in Pune, with rental yields in the city being significantly higher than in other Indian cities.
Final thoughts
To summarise, investing in Pune in the contemporary market landscape would be a prudent decision due to the city’s unlimited employment opportunities, booming IT hub, diverse range of residential offerings, and some of the best social institutions in the country. If you’re looking for a luxurious residential property in Pune, you have to look no further than VJ YashONE Eternitee in Hinjewadi. When you invest here, you are investing not only in a home but also in an asset that has been backed by decades of experience and expertise and is guaranteed to yield high returns.
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