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Investing In A Residential Property With Purpose Of Renting An Excellent Investment Proposition

Witnessing a consistent of Pune real estate market in the last few years and continues

to be one of the prime cities in India for investment in the residential property in Pune. Pune being the healthy consumer demand along with good economic drivers has led to vigorous residential investments producing good yields.

High migrant flow offers a robust market for rental property in Pune. Primary catalyst that has changed the face of the Pune city is the IT industry, fostering growth especially in the western region of the Pune; it is now capturing the eastern region as well.

Demand for the residential property in Pune continues to rise high not only because of the IT industry but also the current boom of the automobile industry and service industries too. Here at Pune large number of young student population migrating from different parts of the country and even abroad has further added to the requirement. Such diversified industries creating a large pool of demand for rental of residential property in Pune.

Central Region of Pune has almost stretched its development potential its the fringes that are now being looked upon as the driving regions of the city.

Pune has seen an increase in the rent price of residential property in Pune and its many sub locations. The rental values of 3 BHK in Pune indicate that the upmarket locality of Kalyani Nagar has witnessing the highest appreciation in rentals of 16% in Q1-12 as compared with Q1-11. Localities like Aundh, Koregaon park, Senapati Bapat Road and Camp have seen increase in rental values in recent times.

According to panelist, investing in a residential property in Pune and its strategic location with the purpose of refining it out is becoming an excellent investment proposition.

The rental market in Pune is very robust since the prices of interest rates have risen and the figures havent gone up. Now a days people are preferring to stay in rental accommodation. The cost of rental apartment have not appreciated throughout the entire city but only in certain pockets where the demand is higher than supply. As the eastern part of Pune has seen more increment in the rent rates as compared to the Western part where the supply is slightly on the higher side.

The rent rates in Kalyani Nagar have gone up around 15% since last year. This is due to primarily because fresh inventory is less in the region resulting in a gap between demand and supply which cause the rental values to escalate. Though people are looking for 1 BHK apartments since it suits the budget needs better there is a shortage of 1 BHK in the area. It is a good time to invest in the region and lease the apartments for rents since the rental cost are expected to rise further in future.

The demand within the space is over, the provision mainly as a result of new inventory is not a lot of on the market. IT firms and BPO staff search for rented residences within the space.

by: lokeshmanu24
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Investing In A Residential Property With Purpose Of Renting An Excellent Investment Proposition