NRI investment in Pune is on rising day after day. The very first reason behind is, the appreciating value of the dollar. This makes NRIs invest in residential properties in various cities, including Pune.
Pune has become an attractive global town as people across the country & the world are coming here. The reason is, the infrastructure development has been growing twice as compared to many other metro cities in the last few years. This makes NRI looking for flats in Pune even more. There are so many residential projects in Pune which are not only a point of an attraction along with various reasons for NRI s to invest in Pune, which may be classified as below.
Pune has always been Mumbai’s affordable partner. In the recent years though, buyers have felt that development in terms of infrastructure, jobs, housing, property prices in Pune are climbing. Demand and supply scenario in the city suggest that end-users are enquiring about property in the city and this may be a good time to buy.
Pune has shown steady growth in the real estate market. City has been ranked at number two, and has consistently maintained this rank since 2009.Due to the affordable prices of property, Pune is the most suitable place for investment. Cheaper costs and affordability are the most important reasons why NRIs find investments in India as a lucrative option. The gap in the currency value gives NRIs a competitive edge over the Indian rupee, thus making investments a profitable one for them.
Pune provides a peaceful and calm environment. With excellent transportation facilities which offer access to any region of the city in a few minutes, makes to fall in love for the city even more. Growth predictions for these areas, which are spread to all the dimensions of Pune are much more positive than that in the centre of the city. That’s being said the real estate market of Pune offers a great opportunity to invest in commercial as well as residential properties.
Senior citizens can benefit tremendously from the benefits of a reverse mortgage. Also, the money taken from the bank towards the expenses of a reverse mortgage is not taken into consideration as NRI income. People are thus able to both keep the property and also get the money back, creating a win-win situation in favour of their retirement period. Several banks are taking this aspect into account and implementing the same to create a beneficial stance for the NRIs, investing in India.
It is well known that city is not behind in elite art and cultural institutes. One can easily get all the courses such as the film institute and theatre of arts & drama. Even, Pune is known as one of the cultural centres of Maharashtra. It is one of the major cities of India in which IT industry has thrived and attracted thousands of IT professionals for employment. All these are factors that make NRIs to search for new flats in Pune for the growth of the real estate market in Pune. Many industrial sectors including technology, communication, transportation, and more crucial for the growth of the commercial real estate market in Pune.
The real estate industry in Pune is witnessing formidable growth for the past few years and is expected to grow by an appreciable margin every year. The real estate investment by the NRIs has also multiplied many folds compared with the past years and they consider this as a long-term investment for their future. There is greater transparency in real estate dealings at present times for NRIs, making it beneficial for both the investor and the developer.
Mittal Builders gives perfect real estate investment options to NRIs right from 2 Bhk flats in pune,3 Bhk flats in Pune & 4 Bhk flats in Pune, at various promising locations across the city to make your real estate investment in Pune as NRI, just as you were looking for!