India has reformed its real estate over the years, with more thoughtful and more innovative projects coming up every year. And the home buying market perspective post-pandemic has given an entirely new direction to the new tech-backed properties. Such a comprehensive development in real estate has boosted the fate of many metro cities in the country, including Pune. Consequently, properties here have been on the favourite list of many prospective buyers and investors. Let’s discuss why a 3 BHK is a better choice in Pune compared to a 2 BHK.
The metro cities in India have experienced high levels of traction over the years as India accelerates as a developing nation. As the technological and economic reforms grow in these IT hubs, the clutter and congestion rise simultaneously. However, that is not the case with Pune. This undying educational hub is one of the fastest-growing satellite cities. The city hosts a variety of opportunities for the working class and is dramatically less crowded compared to the major cities like Mumbai, Chennai, and Bangalore. Nature thrives here with a breathable population density per sq. km that ensures a balance of work and peace. Hence, 3 BHK flats in Pune make an excellent choice of real estate for varied purposes compared to 2 BHK. Additionally, a 3 BHK in Pune also fulfils the need for spacious living, a rare reality in a space-crunched city like Mumbai.
One of the most common reasons to choose a 3 BHK over a 2 BHK is family planning. A 2 BHK may be suitable for a couple in the beginning, but with future plans of welcoming a baby or two will need an extra room for the expanding family and their own space. That’s when a 3 BHK flat in Pune comes into the picture for a nuclear family. And if you are living with a joint family, there is no way a 2 BHK flat in Pune will suffice the requirements and privacy of each and every member. Kids and grandparents live in very different environments. Therefore, it’s pretty essential for a larger family to opt for bigger and spacious apartments that meet the standard lifestyle for everyone in the family.
Pune delivers a tangible testimony to a rightly said quote, “a real investment is a real estate investment” Pune is pacing to match the advancements made by fast-moving cities like Mumbai. The real estate appreciation here has been sharply augmenting in both the affordable and luxury sectors. A report from Bajaj Finserv suggests the market movement in 2021. According to the report, Pune has been offering 60,000+ ready-to-move-in apartments over the past year, with 9,150 under-construction properties. The city is estimated to produce exceptional long-term returns with appreciation in locations like Tathawade, Wagholi, Balewadi, Baner, and more. 3 BHK flats in Pune make an ideal configuration for a residential investment behind a spacious 2 BHK. Apart from that, Pune hosts a significant chunk of students and the working class in Maharashtra. A property here offers a great scope of rental revenue along with real estate appreciation.
Pune has a legacy of being one of the finest education hubs in our country. Branching out, the city grew into a major IT hub partnering with the peer metro cities. Pimpri Chinchwad has a place in the top five regions of Pune’s key real estate. It is renowned for its industrial township as commercial growth skyrockets. Named the ‘Oxford of the East,’ Pune is a favourite candidate for the Maharashtra Government’s startup-friendly policies. A research article from YourStory depicts some exciting numbers that demonstrate the potential of Pune’s real estate backed by its startup ecosystem. In 2019, Pune had successfully become home to 3000+ startups. The city also bagged funding worth a billion dollars funnelled via 132 equity deals over a span of 4 years from 2014 to 2018. Currently, the startup growth is drastically improved, making the city a pulsating opportunity for real estate investment as big as a 3 BHK.
When a location is exceptionally advanced, the real estate gets denser. That is the reason why properties in a city like Mumbai are priced very high. In such a situation, Pune makes the most ideal location with spaces as good as in a city like Mumbai with a price significantly lesser. A 3 BHK in Pune may cost you three-fourths of the price in Mumbai. Moreover, Pune is rich in opportunities for every ambition with the growing commercial space. The interest payment also plays a significant role while purchasing a 3 BHK. The comparison of interests paid for 2 and 3 BHK respectively concludes that a buyer pays more for a lower configuration.
Pune is one of the 98 cities listed by the Government of India in its “Smart City Mission” initiative. The city prepares to incorporate all of the 24 smart city options to develop the region into a “future-ready” location. The desired model is a sustainable community across neighbourhoods of Balewadi, Aundh, Baner, New Kalyani Nagar, Airport Road, Viman Nagar, Hadapsar, etc. Additionally, the Pune Metro Rail project is on its way, with infrastructure from Kalyani Nagar to Shivaji Nagar almost complete. To summarise, Pune is thriving with possibilities in terms of infrastructure, technology, and business. All these factors account for a steady appreciation in every piece of real estate. Therefore, considering the residential segment, a 3 BHK will make the best investment with a larger sq. ft. to appreciate over the years.
Be it an investment or moving in, owning a 3 BHK is a better decision in every aspect. If you are looking for a property in Pune, ensure you make the right choice with a reputed developer in the city.