Today, many professionals working IT and other growing sectors are looking for good investment avenues. Investing in real estate is an old favorite. Especially for Non-resident Indian or NRIs.
NRIs invest in Indian properties as they have emotional connection to India and many of them plan to settle here after retirement. Apart from these reasons, many of them buy properties from pure return-on-investment (ROI) perspective.
Renewed interest in real estate investment in India
Investment in real estate in India at metro cities like Delhi, Mumbai, Pune has started gaining traction again. Volatility in stock market, rupee depreciation at the time of Covid pandemic are favourable factors to invest in Indian real estate now.
68% NRI participants considering real estate as the best asset class for investment, even better than stocks (16%). – Anarock’s consumer survey
Why Pune and PCMC are a hit?
Pune and PCMC (Pimpari Chinchwad Municipal Corporation) area around Pune are observing fast-paced growth in real estate due IT and software companies, growing domestic firms and Multi-national Corporation’s preference to set up offices here. Increase in income of professionals is pushing the demand for more premium apartments studded with luxury amenities. And the developer community is responding to this demand. This has created lot of investment opportunities not only for building assets in real estate but also for earning rental income.
Although real estate market is sluggish in growth in recent years, its growth in Pune and neighboring towns is steady. Preference of accommodation near offices but away from the main city, migration of professionals from other cities to Pune are driving demand for premium apartments in Pune and PCMC area.
Following are some of the factors that favor buying a property in Pune and PCMC area as an investment destination for NRIs.
Asset Creation and Steady income
We know that real estate investments are not that liquid. However, the growth of industry and increasing demand for accommodations results in faster buy/sell in Pune and PCMC area.
Migrating workers from nearby districts and other cities in India to Pune for job prospects strengthen the demand for rental properties. This leads to a stable rental income for the investor.
Demand for Green properties away from the concrete jungle
There is an increasing preference to stay little away from the hustle-bustle, traffic jams and pollution of the main city. Areas like PCMC which are near Pune, still away from the rush are more in demand.
Proximity for City and Connectivity
PCMC area is very near to Pune city and you can travel from one place to any other in a matter of an hour or two. Metro infrastructure is being developed at rapid speed to cut the time of commute between main areas. Pune is connected to all main cities in India by train and regular flights.
Aishwaryam comfort Gold scores!
Considering all the above factors, a new property Aishwaryam comfort Gold coming up in Akurdi in the heart of PCMC scores well as a candidate for attracting NRIs.
Aishwaryam comfort Gold is the tallest signature collection of 2 and 3 BHK gold residences at Akurdi spread over 1.6 acres of lush green land. It promises an exclusive lifestyle that is a notch above. This gold spacious living with an assortment of innovative and exhilarating amenities will take care of all your needs of leisure, pleasure, fitness, and play.
Innovation is a norm at Aishwaryam Comfort Gold. It is a perfect choice for an NRI to invest as these premium apartments are priced more competitively without any compromise in quality and amenities.
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