Why Should You Invest in Pune’s Suburbs?

Investors want good returns from the properties in which they pump their money in. Rapidly developing cities like Pune have almost reached a point of saturation and the rate of return does not seem too attractive. Within the city limits, the returns on investment are quite limited and they have been exploited a lot already. Investors have started focusing on the suburbs that are emerging around Pune as they offer higher returns on the investment made. The residential property in Pune has shown sudden growth in the last couple of years because of the expansion of business opportunities that has led to an increase in the immigrants coming into the city. Lots of job opportunities are available in the service sector and the increasing levels of income have further fuelled the spender’s appetite in the area. As Pune is stretching the boundaries in every direction possible, the suburbs have emerged as newer realty hubs. Areas such as Wakad, Baner, Dhanori, Wagholi and Undri have started witnessing a lot of demand from house buyers.

Undri has been thought to be a good destination for residential property in Pune although it did not have the needful infrastructure for quite a few years. Several key areas of Pune are connected well with Undri via the interstate and local expressways and highways. However, despite being so strategically connected, Undri has maintained its serenity. Closeness to NIBM and Wanowrie has ensured that Undri residents have access to necessity amenities of everyday living. In terms of housing real estate, Undri is ideas. It is one of the localities which are close to the central areas of Pune that still offer normal and fulfilling lifestyles at affordable rates. Localities such as Undri are best for offering housing options to affordable segment buyers and for decongesting the central city areas. It is also very near Pune Camp which is also developing quite rapidly to become a hotspot of housing property investment. Investors along with house buyers are quite eager about this region which offers low cost housing options.

Here are a few reasons why you should invest in suburban areas of Pune
The widening of Solapur-Phursungi-Kondhwa-Katraj highway, the all-round connectivity of Undri shall increase rapidly. Also it would be completed soon and be included in the municipal limits of Pune. This would strengthen development of infrastructure further. 

The real estate expansion in Pune is being driven in all directions primarily because the city is an expanding one. With added infrastructure, localities which were once seem as outskirts and undesirable have emerged as well equipped suburbs. As a matter of fact, the inclusion of suburbs is at the heart of the growth story of the city. Because Pune is a small city, the suburbs continue to be well linked to the strategic employment hubs. There are a number of suburbs that have come up in Pune which have attracted both supply and demand of housing. Some of the most important examples are Dhanori, Wakad, Ambegaon and Undri where civic and social infrastructure is set up for accommodating increasing demand. Because of cost effectiveness of these properties their rates increase is more than the increase in demand. These suburbs are mostly preferred by mid income and budget house buyers along with investors.

Support Infrastructure
The development of infrastructure in Pune is going at break neck speed with a strong backing from the government. The city is one of the industrialized, populated and advanced cities of India and construction of commercial and residential complexes, colleges, schools and other campuses is going on at a quick pace on a fast and wide scale in Pune.
There has been improvement in supporting infrastructure steadily and slowly and most people are hopeful that the infrastructure building shall gather more pace after a new government has been instated. The Mumbai-Pune Expressway offers good connectivity between these two cities and a strong network of railways; airways and roads connect it with the rest of the country. The upcoming metro project shall further improve interconnectivity and also connectivity with metropolitan areas surrounding it. The faster pace of economic development and industrial growth along with improved income opportunities in Pune are meant for spatial planning strategically along with planning and regularization for improving sustainable urbanization. The development of slums is one of the problems that growing cities such as Pune have to deal with along with informal housings which are occupied by low income urban dwellers that live in deplorable conditions.

Improved Growth Prospects
The suburbs have better prospects of growth as the areas are widely open and the facilities are enhanced and the supporting infrastructure is better every day. Being a thriving city, Pune manages to offer every aspect of modern life to citizens. The IT revolution has not only profited the economy of the city but it has also brought in awareness regarding holistic and healthy lifestyles compared to existence in crowded cities. This has caused an outward exodus in the city as the suburbs are emerging as residential locations. One of the important reasons is infrastructure because traffic signals are in place and roads are well-maintained. The area is covered with a lot of greenery.

Opportunities available in Suburban Pune
Pashan, Baner, Bavdhan and Balewadi are some of the most prominent areas of Pune. These areas have different options of properties along with high infrastructural facilities. One can quickly assess after reviewing suburban property in Pune that that properties are available for all classes of people. Community living is another advantage why people prefer staying here because it is not very burdening for a buyer or builder.
It has been seen that the highly popular suburban areas have progressed fast when it comes to needed social infrastructure such as colleges, schools, malls and hospitals. There are numerous housing realty investment hotspots, retail zones and residences that are technology enabled within close quarters. Undoubtedly, the growth prospects of suburbs are great. The risks of investing in realty in the suburbs are the same as those in main cities. However, the return on investment in the suburbs is attractive. Therefore, even with more risk associated with the upcoming suburbs, investors shan’t mind grabbing increased returns.