Are you planning to buy a property in Pune? If yes, then opt for an apartment in one of the most profitable localities in Pune, Manjri.
India’s real estate market is slowly recovering from a slump and it is expected that it will grow steadily over the last quarter of the current fiscal year. Cities like Mumbai and Delhi have faced a real estate slowdown due to high inventory pile up and rising property prices. However, Mumbai’s neighboring city Pune maintained its position as one of the most promising real estate markets of the country. Due to the availability of affordable houses and a budget-friendly lifestyle, working professionals and techies are relocating to Pune. This article talks about the advantages of investing in a property in Manjri, Pune.
1. Excellent Location
Manjri is a popular suburb on the eastern side of Pune. The area is located at a distance of 4 km from Hadapsar, which makes it an ideal residential area for people working in Magarpatta City and Fursungi IT Park. Manjri is also well-connected to other parts of the city like Viman Nagar, Magarpatta, and Kharadi. National Highway 9 connects Manjri to the south Indian cities of Hyderabad, Vijayawada, and Machilipatnam.
Also, Manjri lies in close proximity to Lohegaon airport and Pune Junction railway station. So if you are someone who frequently travels in and out of the city, buying an apartment in Manjri will cater to your needs.
2. Good Infrastructure
Manjri is well-connected to other parts of the city and has a good social and civic infrastructure. Residents and people migrating from other parts of the country prefer to stay in Manjri as it is not too polluted and has less traffic. Many reputed schools like St Vincent’s High School and Army Public school are located in this area. The place is also thriving with many shopping complexes, restaurants, and educational institutions.
3. Close Proximity to IT Hubs and Defence Area
If you are a techie who is working in the IT parks located in Magarpatta and Kharadi, buying a house in Manjri will be the best option for you. Since the prices of apartments located in Magarpatta and Kharadi are very high, people are looking for affordable houses in Manjri. Real estate experts have reported that the demand for apartments and individual houses have gone up in this area. As more and more employees are hired in these IT parks, the demand for good houses will keep on increasing.
Also, Manjri is just 8 km away from Army School of Physical Training and Armed Forces Medical College. As a result, it has been able to attract people working in the armed forces.
4. High Returns from Investment
According to CommonFloor.com, the average selling price of an apartment in Manjri is INR 4866 per square feet and if you want to rent a 2BHK apartment in this area, you will have to shell out approximately INR 10, 338 per month. The estimated sale price appreciation of properties located in this area is a whopping 12.5 percent. This clearly shows that if you buy a property in Manjri, you will definitely be able to gain high returns when you sell it after a few years.
5. Availability of Good Residential Projects
Ever since Manjri started gaining popularity amongst homebuyers, a lot of developers have constructed high-quality residential complexes in this area. Whether you are looking for affordable housing or luxury apartments, you will be able to find it all in Manjri. Property prices in this area can start from lakhs and go up to a few crores.
With so many advantages to its credit, Manjri will surely be able to attract a lot more investors and homebuyers in the near future. If you want to earn huge investments a few years from now, invest in a property in Manjri today while the property prices are still low.