Need to buy an apartment in Pune? Or Need to rent a flat in Pune?
The answer lies with the prospective buyers who would like to buy or rent one. It all depends on the budget of every individual who would either settle down in Pune or are here on temporary basis due to job or for studies. Pune has more no. of 2bhk flats and 1bhk flats. Unlike Mumbai the concept of Studio apartments doesn’t exist in Pune. Not many people opt for 3bhk, 4bhk or 5bhk flats. More no. of people with family prefers to settle for 2bhk flats due to cost efficiency and more space for privacy. However, trend has changed today the builders are concentrating more on projects with 2bhk and 3bhk flats as purchasing power of individuals in Pune has increased due to better job opportunities and better pay scales.
The trend of apartments in Pune is here to stay as not many would opt for a Bungalow or Row houses. An apartment has less maintenance costs and has more security aspect to it as compared as compared to that of a Bungalow. Buying an apartment as an investment is much feasible for investors as it is easier to rent out as Pune has good demand for apartments on rent. The current trend says majority of the rental properties are held by IT professionals then comes the student population and few for executives in other professions like automobiles or a manufacturing Cos.
However there has been a good demand for purchase of apartments in Pune by investors and individuals due to the infrastructural development in the city. Seeing this rising demand for apartments the builders and the developers are focusing on the construction of apartment buildings. Builders have come up with innovative and smart apartments to woo the buyers to go for apartments.
Pune has many mega projects like magarpatta city (hadapasar) lined up for future development and also high rise, high end apartments with amenities like
Cafeteria/Food Court, DTH Television Facility, Wi-Fi Connectivity, Internet, Laundry Service, Waste Disposal, Maintenance, Staff Intercom, Facility, Visitor Parking, Air Conditioned, Service/Goods Lift, Vaastu Compliant, Private Terrace/Garden, Water Storage, Servant Quarters, Security, Reserved Parking, Park, Gymnasium, Swimming Pool, Club House, Rain Water Harvesting, Lift, Power Back Up to name a few, the amenities varies from projects to projects.
There are companies in Pune which invests on such flats furnished or unfurnished or lease such places to host their guests.
In Pune most IT professionals prefer 2bhk or 1bhk apartments furnished on rent and their choice of location would be close Pune IT Park in Hinjewadi which host companies like infosys, cognizant, TCS, Wipro etc., areas such as hinjewadi, Baner, SUS road, Pashan, Aundh, Wakad, Balewadi is ideal for them.
People who come to Pune for studies prefer 1bhk flats or rent 2bhk flats on sharing basis and the choice of location may vary from places close to their institutes like Deccan, Pune camp or outskirts of Pune such as wakad which has institutes like Indira college.