Recently, Pune has been climbing the ladder of success in the list of preferred investment destinations. But still, you would find an affordable property in Pune easily. Pune is often known as the IT hub and a pensioner’s paradise which has gained a lot of attention from the Pune real estate investors and buyers. Mumbai has contributed a lot to the development of Pune’s real estate business. But the primary reason for its gaining popularity is due to its rapidly developing infrastructure.
Top 5 Localities to Invest in Pune within Rs 50 Lakhs
Wakad: It is located at the entrance of Pune, which is the closest locality to the Hinjewadi IT hub. This place has eventually improved itself in terms of infrastructure and facilities which has tempted many investors to buy property in this area. Since this place is basically known for its property to be having the highest rental so people who invest, here are usually those who want to earn a good amount monthly through giving lease. Here, investors earn up to 25000 per month by giving their property on lease. A 2 BHK flat in Wakad of 700-900 square feet is within 50 lakhs.
Wagholi: This locality is under the Gram Panchayat for which this is a site for the investors to start new housing projects which do not come with heavy taxes and they do not need approvals from other authorities. Another reason for its popularity is because the area is located near the Pune airport, attracting many NRIs to invest in property. A 2BHK flat of 800-1000 square feet is easily found here within 50 lakhs.
Hadapsar: This locality is near Magarpatta city which is another IT hub of Pune. The most attractive fact about this locality is that it provides the same locational advantages and facilities as Magarpatta city at a cheaper rate and has a variety of options for buyers. A 2BHK flat of 800-1000 square feet is easily found here within 50 lakhs.
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NIBM Road: This is a neighbor friendly suburb that is making waves in the Pune real estate sector. The area has several restaurants, shopping complexes and schools. This locality is an investor’s paradise and 2 BHK flats of approximately 800 sq. ft. each can be easily found in this locality.
Undri: In this locality, you can afford a 2BHK flat of 900 square feet within the budget of 50 lakhs. This locality is fully surrounded by greenery and it’s also close to the Pune Camp region. It is one of the localities which are connected with all the major highways of Pune.
Today, some of the well-known builders have their property in Pune. They sell properties for the middle class and also to high end property buyers. Pune is one of the most popular realty destinations in the country but you can still find properties priced within Rs. 50 lakhs if you choose wisely.