Pune vs Mumbai Real Estate – A Fair Comparison

Buying a house or investing in a property is likely to be the biggest purchase of your life. Every step of buying a house needs to be taken with extreme care. Deciding the location happens to be the foremost important thing that you need to consider before anything else. If your confusion is between Mumbai and Pune, then you must read this blog before finalizing any.

Your preferred location must satisfy your primary concerns, such as locality, weather conditions, easy access to basic necessities (market, school, hospital, playground, etc.), access to public transport, etc. Your desired location greatly determines your persona and lifestyle choices, thus be very wise and careful before making a decision.

Pune real estate is gaining massive demand due to its greenery and peaceful environment in comparison to Mumbai and mostly because of excessive property rates. The real estate investors in Mumbai are flocking towards Pune to be part of its booming real estate market. Mumbai is already looking at subdues for past couple of years and will continue to slow down. Moreover, the development of IT hub in Pune has provided massive career opportunities, which is also an important reason why real estate in Pune in booming day by day.

Steady Growth

The real estate market in Pune has become more noticeable in the past few years. The constant momentum of demand for buying properties in Pune has become the key factor for its growth over the years. Although today the property investment market of Pune is far better than that of Mumbai and it will continue to be so, due to its rapid growth in demand and availability of multiple choices for buyers.

Affordable Properties

Real estate market in Mumbai is getting more and more expensive every day. An individual looking to buy a 600-700 sq. ft. apartment in Mumbai will require a minimum budget of INR 1 crore. Whereas on the other hand Pune will provide you with numerous affordable 1 and 2BHK options within the city for a budget starting from just 30 lakhs.

Making Life Easier

In Mumbai it’s difficult to uphold the highest standard of lifestyle maintenance. While in Pune, which is not a metro city, but offers excellent property choices and a lifestyle that matches the standards of any metro city in India. Since, the cost of living in Pune is definitely lower than in Mumbai most of individuals are choosing Pune over Mumbai. Pune offers you a lifestyle along with peaceful living, where you can find flocks of bungalows, lush green canopies and wide empty roads.

The constant rise in rates of property purchasing in Pune is not without a reason. Apart from the fact that almost everything in Pune is cheaper, it also has the fastest growing IT hub in India. That is generating thousands of well-paid job opportunities. These are some of the important reasons why people from all parts of India are attracted to Pune.

These days it is also observed that many celebrities are moving to Pune, not just because of its cheaper residential rates, but because it’s less populated and less polluted, and has a far more pleasant weather than Mumbai.

Pune is no longer a small city, its proximity has now widely grown towards - real estate market, educational institutes, industrialization, development of IT and Public sector, increase in employment opportunities, etc. Considering all these factors, Pune has become a perfect blend of its modern development and service industry, which makes it a complete economic powerhouse in all respects. This makes it a perfect destination for youths to make their personal and professional mark. 

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