Why Pune Makes For an Ideal Investment Destination
12 Dec 2016
It's a well-known fact in the Indian real estate market that Pune is one of the best destinations for investment.
The presence of various industries, leading educational institutions, fast-developing infrastructure and they city's proximity to Mumbai are the several growth drivers that have enabled the city to come up as a leading real estate destination.
Fast Developing Infrastructure
Pune's infrastructure is growing rapidly with strong support from the Government.
- The construction of schools and colleges, commercial spaces, roads, flyovers and residential complexes is taking place at a phenomenal rate in the city.
- The city also enjoys connectivity with the other Indian cities via a strong network of roads, railways and airways.
- Furthermore, the proposed metro project will enhance the connectivity within the city as well its connectivity with neighbouring metropolitan areas.
Presence of Renowned Education Institutes
Home to over 150 educational institutes, Pune today is known as a leading educational hub. Some of the reputed educational institutes in the city are the University of Pune, Symbiosis International University, ILS Law College, Armed Forces Medical College (AFMC), Bharti Vidyapeeth University, Tilak Maharashtra University and IGNOU.
With the consequent job opportunities and the steady influx of students and families, the education sector has had a direct impact upon the real estate sector.
The IT industries are one of the vital growth drivers of the city. Several IT Parks have come up in the city that are home to numerous multinationals. Some of the IT Parks in Pune include the Hinjewadi IT Park, EON IT Park and Commerzone. These industries have boost residential and commercial develoments, especially in the IT hubs, creating newer and more modern hubs for investment.
Proximity to Mumbai
Pune's proximity to Mumbai is another factor that is driving the growth of Pune. The six-lane Mumbai-Pune Expressway provides excellent connectivity between the two cities.
Mumbai is India' financial capital. It is also home to a seaport as well as an international airport. Pune's proximity to this important city makes it a favourable destination for real estate.
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