Maharashtra's Pune attracts people from all over India and abroad. People often relocate to these cities for education or livelihoods because this city offers ample employment opportunities. When it comes to buying real estate, these people have distinct requirements when compared to local people. “Compared to other cities, Pune has a variety of housing options in 1-BHK, 2-BHK and from affordable housing to luxury homes. Pune is witnessing rapid real estate growth, especially with demand from commercial IT hubs due to the growing number of IT jobs.

What Pune's real estate market offers
Pune's residential real estate sector has witnessed significant demand from non-resident Indians (NRIs) because they offer stable return on investment and great rentals. Demand is usually for immediate occupancy or almost ready to own. Also, despite the overall economic downturn witnessed in other major cities, Pune's real estate market remains resilient due to high demand from the IT/ITeS sector.

Pune's micro market, ideal for newcomers to the city
Areas like Koregaon Park, Bibvewadi and Central Pune are good options for people outside the city to buy real estate, with well-developed infrastructure, many hospitals, schools and entertainment hubs. However, real estate in this area is a bit expensive. Alternatively, those looking for a home can opt for Hinjewadi and Magarpatta, which are close to IT hubs and other companies and offer affordable prices. The outskirts of Pune such as Wagholi, Ravet, Undri, Talegaon and Wakad are also great places to live. Hadapsar is another top location for home buyers from an investment perspective. This area offers good potential for rising capital value as well as rental income.

Considerations for outsiders investing in Pune's real estate market
Understand the purpose of buying an apartment-whether it is self-used, rented, resold or invested.
If you plan to move in, consider whether you will move in soon or later.
If you plan to move later, check out the dominant rental markets to see your return on investment.
If you are buying private property, make sure that the local social and physical infrastructure meets your needs.
Before making a down payment, check with your bank to verify your home loan eligibility.
Always consult with a real estate expert to learn more about the area and see the flexibility of buying and selling real estate.

For more information visit : https://propace.in/properties/