Pune Real Estate Attracts NRI Investors
Investing in real estate has become increasingly popular over the last few decades as the real estate market has plenty of opportunities for making big gains sooner or later. Also, as Pune has been the fastest emerging real estate sector and attractive destination in terms of NRI property investments, NRIs have played a very important role in transforming the real estate market in Pune. Appreciation on investment in future, Rupee depreciation and special schemes offered are few of the reasons for more NRI property investment in Pune. For real estate investments, the lock-in period on original investment is 3 years. The idea of investing surplus cash in a property in Pune and leasing it out has become a trend as rental market in Pune is growing.
Few of the leading developers of Pune including Naiknavare Developers Ltd. are offering residential complexes along with the premium specification and high tech living amenities as NRI’s prefer to invest in such apartments. Famous as a techie city, locations like Hinjewadi, Wakad, Hadapsar Kharadi and Solapur road in Pune are offering commercial and residential properties that are sold within few months after launching the projects.
Talking about how to invest in a real estate in Pune, a huge number of people are investing their money in flats and apartments for renting out to students and families. This is one of the investment type followed by land owner from ages. Real estate investment groups are like small mutual funds for rental properties. Here a single investor can own one or multiple units of self-contained living space, but the company operating the investment group collectively manages all the units, taking care of maintenance, advertising vacant units and interviewing tenants in return charging certain percentage on monthly rent.
The other way of investment is by doing a real estate trading. This type of investors buys properties with the intention of holding them for a short period of time of around three to four months, and sells them for a profit. This technique is also called flipping properties and is based on buying properties that are either significantly undervalued or are in a very hot market.
As Pune is the IT driven city, property prices are expected to rise day by day here. Looking at the growth aspects of realty market in Pune, many NRIs from the Gulf, US and Europe are investing in properties as they consider Pune as the safest investment. Luxurious and elegantly designed residential projects are expanding in the outskirts of Pune areas like Wagholi, Phursungi, Kondhwa, Wanowrie , Nagar Rd. etc. Due to quality and stylish housing, these areas are in demand. Also as Pune lies in close proximity to Mumbai, NRI property investment is much noticed on Pune-Mumbai Road.
