Business & Finance

3 Best Realty Localities for NRIs when Buying Property in Pune

One of the most popular cities for education, Pune is widely known as “Oxford of the East”. In recent years, it has also become one of the most preferable favourite real estate hotspots in India, not just for locals but also for Non-Resident Indians (NRIs). Many NRIs dream of buying a home or property in their motherland from time immemorial. Due to affordable property rates in Pune, it does not require much to turn their dream into a reality.

There are some magnificent apartments and villas in Pune, such as Shapoorji Pallonji Joyville located at Hinjewadi, that’ve boosted the confidence of NRI investors seeking to gain heavily from the flourishing real estate market of Pune.

Here are some top locations in Pune where it’s prudent for the NRIs to buy a property:

-> Viman Nagar

This area is located very close to the Pune International Airport and has emerged as one of the favourite realty locations for both Indian citizens and NRIs, alike. A large number of shopping malls, multiplexes, entertainment zones and IT parks are located in the area. It also offers excellent connectivity with the other parts of the town, thereby making it a very popular hotspot in the city.

Being strategically located, Viman Nagar is barely a few minutes away from vital areas such as Yeravda, Kalyani Nagar, Lohegaon and Vishrantwadi etc. There are affordable residential options starting from only Rs. 50 lakh. Prospective homebuyers or investors have the option to purchase 1,2 or 3 BHK flats which are either fully furnished or are under-construction. The amenities provided in the flats are of a high standard and offers an astounding living experience.

Must Read: Property Buying Guide for NRIs in India

-> Koregaon Park

This residential area is one of the most widely advertised locations of Pune. It has a large number of residential options varying from huge bungalows to small apartments. The whole locality is wisely designed to offer palatial bungalows and has alluring party lounges, premium restaurants, large commercial spaces and reputed academic institutions in its vicinity.

Several financial institutes offer easy home loans to persuade NRIs to invest in properties at Koregaon Park.  As an NRI, you can opt for affordable housing apartments starting from Rs. 55 lakh and replete with the best in-house amenities.

-> Aundh

Aundh is a rapidly developing residential hub of Pune owing to its lavish projects and strategic location. It offers a horde of attractive housing options for Indians as well as NRIs. These apartments are well-versed to cater to the demands of working professionals in IT/ITES companies as well as well-to-do NRIs looking for economical homes in India.

The area is located close to the IT hub of Hinjewadi. The Mumbai-Pune Expressway has further improved the connectivity of this area. There are numerous schools, supermarkets, bank branches, food outlets and hospitals encircling the area which can be greatly beneficial for the NRI investors.

The locality has a mix of fully furnished apartments and under-construction residential projects starting from Rs. 35 lakh onwards. In case you need any financial assistance to purchase a property in Pune, you can also avail Home Loans.