Pune Real Estate: Where Is Demand Heading?

yogeshMehraBy Yogesh Mehra, CEO & Co-founder – YOLO Life

Accommodation Times News Services

The Pune property market is currently replete with projects, both in the ready-to-move and under-construction stages. Buyers are spoiled for choice, especially given the various festive offers that are being rolled out. In other words, buying a ready-to-move property in a good location and within one’s financial means is very much a possibility.

 

Exiting a residential property investment, however, is not as simple in an environment of significant supply. In the current market scenario prevailing in Pune, the resale market works best only in ready-to-move properties in high-value locations and locations which are extremely well-connected to the city as well as its IT hubs and manufacturing belt. If one is buying a home for investment purposes, it is advisable to hold the asset for at least five years and rent it out in the meantime. Over such a period, the property will certainly appreciate satisfactorily and one can exit the investment with a good profit. The rental income garnered in the interim can help in paying off the home loan, if any.





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