Investment in Pune

Investing in Pune for the medium-to-long term makes the most sense in today’s real estate scenario. For the perfect portfolio, one should concentrate on the more developing areas that still feature competitive rates. The safest and most potential laden investment opportunities in Pune today lie in its townships, as they provide highly saleable property with the right mix of basic amenities and add-ons. The hottest investment destinations in Pune for modest-to-medium budgets in Pune are currently Sopan Baugh, Wanowrie, Dhankawadi and Katraj. This applies equally to residential and retail/commercial investments. Anything from Hinjewadi towards Mumbai that is within commutable distance also makes big sense, say real estate experts. Properties from Hinjewadi towards Pune may make less sense from a modest-to-medium budget perspective.

Ever since the Maharashtra government announced plans for a Multi-modal International Hub Airport at Nagpur (MIHAN) in 2002-03, the real estate sector here is witnessing brisk activity. According to Knight Frank, a number of locations around the proposed MIHAN project have seen high escalation in land and residential rates. A big plush for the state’s second capital is IT biggies’ mega investment plans. Satyam Infotech, GE, DLF, Shapoorji Pallonji, L&T, Infotech, Patni Computers and Microsoft have all taken up large tracts of land in the SEZ within the cargo hub, and this in turn will augment the residential demand in the region, says a Knight Frank report.
Demand for housing is mostly driven by employees in IT/ITES sectors and BPO professionals as well as those with insurance and banking businesses. According to a Knight Frank report, what Nagpur lacks now is dedicated office building for IT/ITES businesses, since the industry is at a nascent stage. The few IT companies in the city are located at the MIDC IT Park at Sadar and the IT Park at Parsodi. Developments existing in the CBD locations and those in Itwari, Gandhibagh, Ramdaspeth and Dharampeth have a mix of retail and office space. Insufficient demand as well as lack of good plot sizes has restricted new commercial. The Knight Frank report says the upcoming residential locations in Nagpur are Kamptee Road in the north-east, Khamla and Hingna Road in the south-west and Besa and Wardha Road in the south, which are home to a number of apartment complexes as well as stand-alone buildings