Pune, in Maharashtra, attracts people from all over India, as well as from abroad. People often move to this city for education or to earn a livelihood, as this city offers ample job opportunities. When it comes to buying real estate, these people have distinct requirements, compared to the locals. Compared to other cities, Pune has many housing options, from 1-BHK, 2-BHK, and affordable housing, to luxury housing. Pune is experiencing rapid growth in real estate, with special demand in commercial IT centers, given the growth in technology jobs.

What the Pune real estate market has to offer

The residential real estate sector in Pune has seen great demand from Non-Resident Indians (NRIs), as it has provided stable returns on investment and good rents. Demand is generally for ready-to-move or nearly tenure-ready properties. Also, despite the general slowdown experienced in other major cities, the real estate market in Pune has remained resilient, due to high demand from the IT sectors.

Points to consider, for foreigners investing in Pune's real estate market
Understand the purpose of purchasing the apartment - whether it is for self-use, leasing, resale, or investment.
If you plan to relocate, consider whether you will soon or later in the future.
If you plan to exit later, check the mainstream rental market to ensure your return on investment.
If you are purchasing self-use property, check whether the social and physical infrastructure in the area meets your requirements.
Before making the down payment, check your eligibility for a home loan with banks.
Always consult a real estate expert to learn more about the area and for flexibility in buying and selling property.

For more information visit : Propace Realty