Pune has been a hub of IT companies and various globally reputed educational institutes for more than a decade now.  Due to this it attracts IT professionals and students naturally raising the demand of residential properties in the city. Ravet, Hinjewadi, Kharadi, Viman Nagar, Wakad, Pimple Saudagar, Baner & Balewadi are best places to live in Pune offering best property in Pune ranging from affordable to luxury homes. 

Pune is growing rapidly, and many new organizations consider buying commercial property in Pune. Besides being an IT and educational hub, the wonderful climate of Pune can't be ignored which is mostly pleasant resulting relaxed lifestyle and positioning Pune as one of the most popular cities of country for work, education, and long-term living. To accommodate the massive crowd Pune attracts, various new roads, metro connectivity expansion, and development of affordable to luxury property in Pune are in process. In this blog we will explore various real estate hotspots of Pune and why buyers and investors must buy property in Pune.

Why Property in Pune Is in High Demand Today

Reasons behind the high demand of property in Pune:

1. Establishment of major IT hubs such as Hinjewadi, Kharadi, Magarpatta
2. Massive employment opportunities in various domains such as technical, manufacturing, and educational
3. Pune has a good Air Quality in comparison to other large metro cities
4. Globally reputed schools and colleges across the city
5. Growing infrastructure and connectivity such as metro expansion, ring road & highways
6. Crowd puller of young working professionals
7. Affordable housing options offering best amenities compared to Mumbai

Best Areas to Live in Pune for Working Professionals

Ravet 

1. Ravet is an amazing residential and commercial suburb in Pimpri-Chinchwad (PCMC), Pune
2. It is strategically located in close proximity to the major IT hub Hinjewadi, Pune 
3. Seamlessly connected to other areas of Pune via the Mumbai-Pune Expressway and upcoming metro
4. Working professionals looking to buy property in Ravet can choose from various affordable to luxury flats in Pune

Kharadi

1. Establishment such as EON IT Park and WTC
2. Premium residential flats for sale in Pune and commercial property in Pune
3. Close and well connected to airport, shopping malls, and restaurants
4. Well-planned infrastructure and best area to live in Pune

Viman Nagar

1. Effortless connectivity to airport and major roads & highways
2. Hub of diversified cafes, gymnasium, and co-working spaces
3. Ideal place to live especially for young working professionals

Baner & Balewadi

1. Hub of diversified shopping units & complexes, and restaurants
2. Nearby Hinjewadi and central Pune
3. Popular among IT professionals to live

Investors Clinic’s Pune Properties Apt for Working Professional

1. Geras Joy on the Tree Tops - Hinjewadi Pune
2. Peninsula Ashok Vann - St. Tukaram Nagar, Pune
3. Godrej Urban Retreat - Magarpatta, Pune
4. Godrej Park Springs - Kharadi-Manjari Road, Pune

Best Residential Areas in Pune for Families

Wakad

1. Reputed educational & healthcare establishments, and parks
2. Seamlessly connected to Hinjewadi and PCMC
3. Highly recommended for families to consider

Pimple Saudagar

1. Green & calm place ideal for families
2. Excellent infrastructure such as wide roads and affordable flats for sale in Pune with gated communities.
3. Hotspot for home buyers 

Kothrud

1. Pune’s oldest residential space
2. Family-friendly community culture
3. Reputed educational & healthcare establishments, and everyday convenience

Magarpatta & Hadapsar

1. Affordable to luxury gated townships offering global amenities and high security
2. Nearby reputed educational and healthcare centers, re-creational parks, gymnasiums, and offices 

Investors Clinic’s Residential Properties in Pune Crafted for Families

1. Saheel Landmarc - Hinjewadi Pune
2. Krisala 41 Luxovert - Tathawade, Pune
3. Pharande Puneville - Punawale, Pune
4. Supreme Villagio - Somatane, Pune

Is Hinjewadi Good for Investment?

Undoubtedly, Hinjewadi is a good and highly safe investment option offering various affordable to luxury property in Pune like Godrej Pune Hinjewadi and commercial spaces like Menlo Professional Park. Let’s explore why it is an ideal investment hotspot.

1. Well-know and fully established IT park of Pune
2. Crowd puller of IT professionals ensuring steady rentals
3. Expansion of metro connectivity raising the bar of future property value
4. Wide range of affordable and luxury flats for sale in Pune such as Godrej Pune Hinjewadi

Things to Check Before You Buy Property in Pune

1. RERA ID registration 
2. Past projects delivered by Builder and reputation in market
3. Pace of construction and possession date 
4. Ownership of property and legal documents
5. Current condition of water and electricity supplies
6. Social infrastructure such as nearby schools, hospitals, shopping marts
7. Overall connectivity such as metro, roads, expressways
8. If buying for investment purpose, ensure the rental potential 
9. Rules of the society and monthly/yearly maintenance charges 

Stamp Duty, Registration & Government Charges in Pune

1. Stamp Duty: Depends on the buyer and location varying from 5%–7%.
2. Registration Charge: Nearly 1% of the property value

Pune Metro & Ring Road: What It Means for Property Value

These two projects can be considered as major growth drivers of Pune real estate.

Pune Metro Benefits

1. Saves time of daily commuters by making travel faster across key routes
2. Connecting major IT parks, healthcare and educational hubs

Pune Ring Road Benefits

1. Reducing the travel time in commuting from one end of the city to another
2. Various advanced development zones in process
3. Future growth potential in property

RERA & Builder Verification: A Checklist

Maharashtra has highly active real estate regulatory framework under RERA. It protects homebuyers against delays and false promises made by developers and builders. Before you invest in any property in Pune, you must verify:

1. RERA number 
2. Check for approvals (environment, building, layout)
3. Scan complete copy of agreement, terms & conditions, and payment schedule
4. Developer’s past projects’ delivery history
5. Check construction progress by visiting the property 
6. Verify legal documents by taking legal assistance from a property lawyer

Final Thoughts

In a nutshell, when it comes to choose best places to live in Pune, the city has various hotspots offering a wide range of residential properties for working professionals, families, and investors. With a strong employment hub, enhanced infrastructure, and well-planned neighborhoods, Pune is now considered as one of the most promising places to settle down in India. At last, choosing the right area and property in Pune is completely based on your lifestyle, travel needs, and long-term goals. 

FAQs

1. Which areas in Pune are good for investment for residential properties? 

Hinjewadi, Magarpatta, Kharadi, and Viman Nagar are ideal for residential property investment.

2. What are the IT areas in Pune, and where do IT people prefer to live in Pune?

Hinjewadi, Magarpatta, Kharadi, and Viman Nagar are IT hubs and Anudh, Kalyani Nagar, Koregaon Park, Baner, and Viman Nagar are best places to live in Pune.

3. In which area should I invest my money in real estate Pune?

Hinjewadi/Wakad Corridor, Baner/Balewadi, Kharadi/Wagholi Corridor, Undri/Pisoli and Pimpri-Chinchwad (PCMC) Zone are the best places to invest in Pune

4. What is the stamp duty in Pune?

Usually between 5% and 7% of the property value.

5. Which areas have high rental yields?

Expansion of metro lines, ring road, and exponential employment growth results in high rental yields in areas like Hinjewadi, Baner, Kharadi, and Viman Nagar