Some cities are great for employment, some for investment, and others for retirement. However, there are a few cities that are equally good for investment, employment and retirement – and Pune is one of them! Let’s see how this city charms retirees, investors from nearby cities like Mumbai, and job seekers to its mould.
Pune – A Job Seekers’ Destination, Investors’ Heaven, or a Residents’ Delight?
Pune was not always the same. Its new development phase began in 1998. The foundation for one of the promising IT hubs – Rajiv Gandhi Infotech Park was laid at Hinjawadi and it was completed in 2002. Since then, Pune has witnessed an IT revolution that fueled its reputation as a job seekers’ preferred destination.
Many leading IT and ITeS companies such as Tech Mahindra, TCS, Infosys, and others established their bases at Hinjawadi. Owing to this, the city experienced an influx of techies from across the country. Slowly, this laid back village has transformed into one of the most preferred residential areas in the city.
A question on MagicBricks Forum reads, “I want to buy a 2 BHK apartment in Pune. Which area will be better in terms of returns – Hinjawadi or Wagholi?” Another question reads, “How is Hinjawadi for a living?” The answer is Hinjawadi, which offers high value for investment and is also a good place for living. Due to several prestigious real estate properties in the area clamoured with IT offices, this place is preferred by techies who travel from different parts of the city to Hinjawadi. Is that all? No, there is more to it.
The growing demand for liveable apartments, increasing appreciation rates, and increasing rental incomes have largely influenced the investment decisions of investors in the area. According to Makaan.com, there has been a 12.4% increase in property values in 2019 as compared to 2017. On average, investing in a well-planned apartment of Rs 70 lakh in Hinjawadi will easily fetch you rent of Rs 20,000-25,000 every month. With a slew of employment opportunities that IT and ITeS companies in Rajiv Gandhi Infotech Park are creating, the rental incomes and property prices are set to increase in years to come.
Hinjawadi also gains prominence due to locational advantage and connectivity. Located on Pune-Bangalore National Highway, the place is well-connected to other parts of the city and the neighbouring city of Mumbai. Hinjawadi will soon be connected directly to Pune city through Metro Line 3, which is under construction. This metro line will ease traffic congestion problems caused by people commuting to their workplaces.
Over the years, several integrated townships and well-planned high-rise developments have gained prominence in Hinjawadi.
Eon Homes by Kasturi Housing is one of those high rise developments that have captured the attention of home investors in recent years.
Set at a serene and scenic location in Hinjawadi Phase III, EON Homes is designed by international architects and boasts of several globally desired amenities. From a huge podium level garden, sports arena, well-equipped gym and more these residences stop at nothing. With various wondrous facilities and location advantages to its forte, Eon Homes evokes a feeling of a luxury resort, located in the right premises.
Pune – The City for Retirees
If you plan to retire soon and wish to invest in a perfect property, there are a few things you may consider, such as:
- Standard of living
- Social and civic infrastructure
- Access to the transport system
- Healthcare facilities
Pune, perhaps Hinjawadi, has all of it! The suburb has a high standard of living, owing to several lifestyle options that it offers. The presence of self-dependent and award-winning residential rises such as Eon Homes complete with all modern amenities and facilities make it a perfect choice for those who want to spend their retirement life in peace. The scenic locations and hill stations around the city make it one of the relaxing getaways. Except for traffic during peak office hours, Hinjawadi is peaceful for most of the days.
It is the Time to Act Wisely
While considering all the above factors and your life before and after retirement, its time to consider the better options for a home. How about a luxurious apartment that provides comfort and luxury at the same time? You might have heard of a home that provides you with common facilities like gym, swimming pool and a clubhouse. How about a project that offers a car parking to accommodate around 2000 vehicles, fastest lifts, indoor power backup and 22 acres of green land?
Want to know more? Visit us and explore EON Homes by Kasturi Housing. A project that has been a topic of talk for the last few days.