Where can you get potential rental benefits in Pune?

Pune is the hub for industrial development and maximum job opportunities are available here. The northern and southern corners of the city have recorded recently a maximum rental yield. The localities expanded on the back of advanced road connectivity, growing infrastructure, commercial centres and the establishment of the corporate hubs. According to a report, there has been an upsurge of 4 per cent year-on-year average weighted rental earnings of both commercial and residential projects in Pune. The city has witnessed growth in commercial development substantially, which has influenced the rental earnings in the city with the passage of time.

According to a property agent, the real estate in Pune Northern part has seen a significant real estate growth. The areas that have experienced a magnificent growth are as follows-

• Akrudi- Akrudi has been known for the educational institutes and the rental growth rate is sustainable. The demand for the rental property has grown due to the working population and smooth connectivity. Most of the rental demand is among the students and the working class. People are exploring low cost-effective options here. 

• Nigdi- Nigdi is a fast developing micro- market in the Pimpri- Chinchwad area of Pune. The demand for the rental property is fast picking up in this locality due to its closeness to the industrial hub and the posh neighbourhood like Anudh, Shivaji Nagar and Hinjewadi. This area has recorded a rise of 12 per cent in the average rental values. 

• Katraj- This area has an excellent connectivity with Magarpatta IT Hub, MG Road and Pune's railway station. Katraj’s connectivity has made this place quite convenient for commuting. The reason for high rental values is great connectivity. This area is favourite among the working professional .Other features that have worked in favour is the road connectivity offered by the Bangalore-Pune Highway.

• Kondhwa- Kondhwa’s rental values are much cheaper options as compared to the other localities like Magarpatta. There is smooth road connectivity. The area enjoys a good transportation facility and all modern amenities.

It is will a great investment opportunity for the homebuyers in Pune now. If you invest in Pune, you can reap potential rental income in the near future, as it is a developing market.