Surely, you have dabbled once or twice in the stock market. Even if the whole market crashes, you can still invest in some trusted stocks. This goes for the real estate situation across the country as well. Despite the current volatility, you can earn great profits from investment in real estate over time. Moreover, investment in real estate fetches faster returns.
In India, Pune and Mumbai are real estate hotspots where excess demand keeps apartment prices spiraling. For this reason, properties like Sunteck Westworld and Kolte Patil Life Republic are fantastic buying options for a budding investor. You can always rent out the apartments to ensure a steady flow of income from such properties. Even if you do not have plans to sell off the apartment, you have a lifetime asset to sit on.
This year has brought some new hope for real estate. Pune has caught the eyes of developers due to its growth potential. You can take advantage of this by investing in real estate. Mumbai, however, saw a downfall in the premium segment, but you can still put your money in the affordable segment.
So, Pune and Mumbai are the places to place your bet on if you plan to invest in properties. Let’s take a bird’s-eye view of the realty markets of these two cities.
Overview of Mumbai real estate
Mumbai is showing impressive growth in the affordable housing sector. Young professionals are eyeing newly developed housing projects in suburbs.
Of late, there has been tremendous improvement in infrastructure in and around Mumbai. Growth is driven by projects like the Chembur–Wadala monorail and the Eastern Freeway. These have become the driving factor for Wadala to emerge as a residential belt. Connectivity with commercial areas like Bandra Kurla has also become faster and easy. Property prices in Wadala doubled in three years!
The well-organized transportation network is another factor influencing this hike in demand for new apartments. One can easily avail buses, trains, cabs and auto-rickshaws to reach their workplaces at the heart of the city. More flyovers have eased the traffic issue.
Places like Navi Mumbai or Ghodbunder Road in Thane offer investment opportunities with a lot of amenities, excellent architecture, and spacious apartments. With numerous business hubs sprouting in these areas, residential projects will soon see a hike in prices before long.
Anyone searching for affordable housing in Mumbai may opt for properties like Sunteck Westworld on Mira Road. It offers affordable 1 BHK and 2 BHK apartments with all the necessary facilities available in world-class housing projects.
Overview of Pune real estate
One of the fastest growing cities in India, Pune is going through a phase of IT and automation boom. Tech and automation giants like TCS, Wipro, L&T, and Volkswagen have set up their headquarters here. Its proximity to Mumbai is another advantage. So, it is obvious that investing in Pune has many benefits.
In recent years, property prices in Pune have snowballed thanks to the large township projects coming up in and around the city. The price of a 2 BHK flat in Pune has almost doubled in the last five years.
Localities like Kalyani Nagar, Hinjewadi, and Wagholi are the best available options for investment. You can look up affordable luxury to premium flats for sale in Pune in housing projects like Kolte Patil Life Republic Hinjewadi. As more and more people are flocking to Pune for employment and higher studies, these are great investment options and can deliver great returns in the near future.
Financial tangles and the easy way out
It may not be possible for you to fork out the entire sum while buying an apartment. After all, investing in real estate involves a lot of money. But banks and non-banking financial companies (NBFCs) like Bajaj Housing Finance Limited are there to lend a helping hand.
Points to remember
The real estate landscape in Pune and Mumbai is pretty encouraging from an investor’s point of view. Make your move and choose the property that best suits your requirements. For affordable apartments, you may opt for projects like Sunteck Westworld in Mumbai or Kolte Patil Life Republic in Pune.
Plan your finances well and follow your dream with unflinching determination. Nothing will bar you from being the proud owner of an apartment in real estate hotspots like Mumbai and Pune.