The decision to invest in Pune is a smart one as the city is poised for economic growth which will boost real estate growth. The growing IT industry, manufacturing and automobile industry and rising urbanization are a boost for the development of new projects in Pune. The outskirts of Pune like Chakan are ideal for investing as the prices are low and expected to rise in the coming years.

Here are some tips to invest in Pune properties.

1. Budget Planning

Before you start looking for property in Pune, figure out your budget. By adjusting the expenses and other financial commitments from your income you can arrive at the funds available for investment. Further, you need to know how much can you invest in real estate. After knowing these figures you can start shirt listing properties that fit in your budget. You must factor in other expenses like stamp duty, registration, and interior design if any.

2. Market Research

If you decide to invest in property in Chakan, then you need to know more about Chakan and the surrounding locations. The future real estate trends in the Chakan market, projects, developer information, prices, configurations, and amenities. This information will aid in deciding which projects interest you most. Consulting real estate agents and friends from the region can be of great help as they will have reliable information.

3. Growth Potential

Investments are made to earn good returns. By understanding the growth potential investors can assess the returns. The locations expected to have good demand or increase in demand in the future are ideal for investments. Upcoming IT infrastructure, industrial hubs, and infrastructure developments are indicators of an increase in real estate development and property value. 2 BHK flats in Chakan are a good investment option as the industrial area is growing attracting professionals in need for housing.

4. Price and Negotiation

Investors should hunt for properties that are relatively low priced and have potential for growth. Investing in pre-launch properties by reputed developers is a good strategy. Investors can choose projects in the outskirts of the city that have upcoming infrastructure as the property rates are expected to rise. These properties are also best for rental returns.

These are some investment strategies for investors interested in cashing on Pune’s growing real estate market.