Pune Real Estate Market Shows a Growing Trend Despite National Low

In a recent study of real estate market by PropEquity, Pune has emerged as one of the top cities to invest in India, next only to Bengaluru.

The real estate sector is the second largest employer in India next only to agriculture and is expected to grow by nearly 30 percent over the next decade. The Indian real estate sector which comprises of sub-sectors such as housing, retail, hospitality, and commercial is expected to touch US$ 180 billion by 2020.

The housing sector alone contributes 5-6% to the country’s GDP and is well complemented by the increasing demand for office space in urban and semi-urban areas.  It is also expected that real estate will incur more NRI investments in both long and short-term in the next decade.

Pune is expected to be one of the most favoured real estate investment destinations for both Indians and NRIs alike.

Growth of Pune Real Estate

In a recent study of real estate market in India conducted by PropEquity, Pune has emerged as one of the top cities to invest in India, next only to Bengaluru. It has been a rough period for Indian real estate as both the property occupancy and sales have drastically dropped across India, especially in the Northern parts of the country. There has been a drastic reduction of 27% in Delhi-NCR real estate market value in last 12 months.

Pune is the only city in India that has maintained consistent growth in real estate despite the bad market condition and has seen an appreciation of 25 to 30 percent every year. In fact, there is a heavy demand for residential properties in Pune with the real estate sector recording compound annual growth of 14 percent. To fulfil these requirements, a number of residential projects are upcoming in areas like Keshav Nagar, Wakad, Balewadi, Ambegaon, Hinjewadi, etc.

The eastern belt of Pune has also seen a massive growth thanks to its proximity with IT parks and airport.  With the increase in property price in Bangalore, Gurgaon, Chennai and Mumbai, Pune has now emerged as a preferred destination for IT companies. And the best part is that the development in Pune is happening in a phased and planned manner thus showing great potential for future expansion

According to a recent survey by Magicbricks, despite Demonetization last year, Pune has shown an annual growth of 3.4%.

While most units fall in the Rs. 30 Lakhs -Rs 1 crore price bracket, there are luxury houses worth 20 crores as well.

Awesome weather, affordability and quality of living are few other factors that have resulted in improving property prices in Pune. As per  “Mercer 2015 Quality of Living” rankings, Pune is ranked 145 which is significantly higher for the quality of living than the country’s traditional metros such as Delhi and Mumbai. It doesn’t come as a surprise when not only people in India but NRIs also invest in Pune Real Estate market resulting in the upward growth trend.

 

 

5 Reasons Why Pune is The Best City to Live in India

Pune has emerged as the smartest city of India over the span of last 10 years and how. Emerging IT sectors, planned housing societies, and pleasant weather, Pune has everything that makes it the best city to live and work in.

Pune has emerged as the smartest city of India over the span of last 10 years and how. Emerging IT sectors, planned housing societies, and pleasant weather, Pune has everything that makes it the best city to live and work in. It doesn’t come as a surprise that Pune is awarded as the 2nd best city to live in India.

So, what makes Pune the most desirable city in India to live and work in? Lets us find out:

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1. Pune has the Most Amazing Weather

While most Indian cities (Bengaluru included) are reeling under terrific heat waves, Pune seems to have handled climate change pretty well. The city has good weather throughout the year. Summers are bearable, winters are awesome but it is the monsoon that Punekar boast of. Thanks to tons of mountains and greenery surrounding the city, the weather is not too hot or cold, just pleasant at any time of the year.

2. IT Scene in Pune is Quite Happening

Pune is one of those Indian cities where a lot of action is happening in the IT sector. With offices of more than 110 MNCs, Pune houses some of the biggest IT parks in India. There are more than 5 official IT zones in the city with the presence of all the major IT giants such as TCS, Infosys, Wipro, Cognizant, etc.  Thanks to the low cost of living in Pune (as compared to other IT cities), more and more companies are now looking forward to opening their branches in Pune.  Booming IT sector in Pune is a boon for job seekers

3. Owning a Home in Pune is Affordable

Although Pune is the second largest city in Maharashtra, next only to Mumbai, property rates here are much cheaper. A number of new residential and commercial properties are coming up in the city that can fit the budget of a salaried person too!

Even if you are looking to rent a house, the rents in Pune are much affordable compared to Mumbai. The city is well connected by public transport and you can travel to any part of the city without worrying about traffic problems.

4. Proximity to Holiday Destinations

Whether you love beaches or adore the tranquillity of mountains, Pune has everything lying in close proximity. There are plenty of trekking destinations around Pune that is flooded by trekkers post monsoon. Hill stations like Mahabaleshwar, Matheran, Lavasa, etc are just a few hours drive from Pune and beaches like Konkan and Ratnagiri make for awesome weekend getaways. Add to it many amazing forts and splashing waterfalls that surround the city. Clearly, the top reason on my bucket list to settle in Pune.

5. Pune is a Major Educational Hub

Popularly called as the ‘Oxford of the East’, Pune has been historically famous as education hub of India. From world famous universities and colleges to top management schools, Pune has been the hot favourite educational destination of India. The city has also been the favourite place for Global Events, Summits, Concerts and Fests as well as many famous film festivals.

Apart from all the above-mentioned points, lively night life, women safety, security and friendly people together make Pune the best city to live and work in India.

Ultimate Emergency Contact List You Should Have on Fridge

Stay happy, Stay safe!

When we are kids, we used to memorize all the important (to us) phone numbers. And phone book was the go-to place for information. There was always a front page dedicated to emergency numbers. A copy of emergency contacts was placed on the fridge door.

Times have changed since then and so have the way used to save phone contacts. Now, we have everything stored in our phone book and are so easily accessible that we don’t even bother to memorize important numbers

However, with security come limitations. If you have a number stored in your phonebook, there is no way anyone can access it unless they know the lock code of your phone. Even in case of emergencies. Therefore, the age-old practice of keeping emergency phone numbers on the fridge is back again. If you are a homeowner, here is the ultimate emergency contact list for your fridge:

Police Department Local Number

Of course, you can dial ‘100’ to reach police. However, in case the number is unreachable you need to have the non-emergency number for your area. Or may be the number of on-duty offices

Local Fire Department Number

Apart from dialing 102 for fire emergencies, fire department have a wealth of information and also help if someone is looking for community training on fire control

Plumber

Broken or leaking water pipes can be any severe. Having the number of plumber handy is a must to ensure your home doesn’t become a wet mess in case of emergency

Power company 

A useful number to have on your phone to report power outages, voltage fluctuation or any issue with the bill

Family Doctor

A person you can reach out to in case of medical emergencies

Nearby Hospitals

In fact, it is great if you can have at least 2-3 nearest hospital numbers listed

Next-door Neighbors

They are the closest person who can immediately reach your home in case of emergencies. Always keep in touch with your neighbors

Co-workers (of all the working partners)

The go-to person in case your phone number is unreachable. It also comes helpful when you are planning a surprise party without informing your partner

Animal Control

Unwanted intruder in your home? Or stray dogs, cats or monkeys causing havoc? Animal control can come to your rescue;

Insurance Agent

The person you need to reach out to in case of an accident or home damage. Some companies assign a special relationship agent to all their clients. List his number as well.

Poison Control 

Has your child accidentally eaten the rat-kill? Poisoning emergencies can happen to anyone and therefore, a number of the regional poison control center should be on your emergency contact list.

Locksmith

Don’t forget the locksmith. A good locksmith contact is must for unforeseen circumstances.

It is also important to categorically list these number along with proper mention. Save few most important ones in your phone’s emergency contact list and have a copy of all this in your Gmail too!

 

Stay happy, stay safe!

Debunking Top Myths about Real Estate

Real estate has been through a really rough phase. While the market has slowly regained its footing back, there are lots of misconceptions that are still being passed around among buyers and sellers.

Real estate has been through a really rough phase. While the market has slowly regained its footing back, there are lots of misconceptions that are still being passed around among buyers and sellers. While some of them have a hint of truth, others are outright false. Let us set the record straight by debunking the top myths about real estate.

buy Lyrica canada You need a lot of money to start

One of the biggest myths about real estate investing is that you need a lot of money to start. This is not true. If you take some time to learn the intricacies of the real estate trade, you can get started as a real estate investor with very little money. The key is to begin slow and know what to do after you have the home locked up.

go to link There are no opportunities in small markets

Don’t fall for the real estate myth that says that you have in a hot or an up-and-coming market to make money out of your real estate investment. You might feel safer to invest in a property located close to a posh area, there are investors successfully investing in smaller markets too. In Pune, micro markets like Loni Kalbhor (Pune-Solapur Highway), Ambegaon, Undri & Pisoli are performing exceptionally in property appreciation terms. Whether you are lending, building or re-selling, there are always bigger opportunities to be explored in the small untouched area. The key is to be vigilant enough to identify these markets.

http://smartmedia.com.au/?m=member Every penny you spend on home renovation adds into property’s value

Many people spend a lot of money on remodelling the house before putting it for sale. While home improvement projects increase property’s worth to some extent, it might not be in accordance to the money you have spent. Renovating a home before moving in is a great idea but before moving out, not so great!

You should price your home higher to leave room for negotiation

This is far from being true. If your home is overpriced, a lot of potential buyers may back out before making it to the negotiation stage. A home which is well priced, to begin with is more likely to sell quickly. Ask your real estate agent for a comparative market analysis and determine a reasonable price for your home based on other homes in that area.

A house that doesn’t have trendy features won’t sell

Many people believe that in order to sell your house quickly, it must have the latest and trendy features that buyer wants. While having latest features in the house is definitely a plus, not having them doesn’t make your property a bad option.  Not every buyer has the same set of demands and you will eventually find buyers who will be happy with what your house has to offer.