Pune suburbs have been witnessing fast-paced growth in recent years. A city loaded with employment options: an established IT hub and an emerging manufacturing hub, Pune is a land of opportunities. However, with time, the city can no longer accommodate the influx of migrant population coming to Pune for work. The city has hardly any land parcels left to develop. This has led to the expansion of Pune’s peripherals, the Pune suburbs. Ravet is one such Pune suburb emerging as the new real estate investment destination. But Is Ravet good for investment? Before we delve further, let us first have a quick look at the locality.
Ravet, earlier a quiet village within the limits of PCMC (Pimpri Chinchwad Municipal Corporation), has catapulted into one of the fastest developing western suburbs in Pune city. You would find real estate projects from every developer in Pune you may think of. The suburb offers homes across all segments, from affordable housing to mid-premium segment, as well as luxury residences. Now let us evaluate: is Ravet good for investment? Which factors are driving its growth?
Why Should You Invest in Ravet, Pune?
The following 5 reasons would help you answer whether Ravet is good for investment or not.
Any area offering job opportunities across all income brackets is where there will always be a demand for residential as well as commercial properties. Ravet is strategically located near some prominent IT hubs of Pune, making it an extremely accessible place to travel to; these include Rajiv Gandhi Infotech Park in Hinjewadi, DLF Akruti IT Park, International Tech Park, and Panchshil Tech Park. These areas are home to many corporate houses. Since these are located at an easy commutable distance, living in Ravet and working in these offices is a breeze.
These days, no one likes to travel far for work. You would not want to spend time on the road, with traffic jams. You would rather spend that time with your family or even pursue a hobby.
Connectivity & Advantage of Location
Ravet is located at the northwest periphery of Pune near the Mumbai- Pune expressway and Katraj-Dehu Bypass (NH-48). Surrounded by the Nigdi, Akurdi, and Pimpri-Chinchwad MIDC area, Ravet has an excellent location advantage.
The connectivity of a location with other parts of the city matters a lot when it comes to investment. So, if you’re wondering if Ravet is good for investment, the answer is in the affirmative. Ravet enjoys good connectivity via road, rail, and air networks. Prominent roads like the Mumbai Pune Expressway, Wakad Road, Kalewadi Main Road, and Spine Road are easily accessible.
Bus transport is very convenient. Chinchwad Bus Stand, Nigdi Bus Stand, and the Pimpri Bus Stand are nearby bus stations that connect RAvet to other central points in PCMC and Pune. Chinchwad railway station is also nearby, whereas the Pune airport lies an hour away from Ravet.
In the past two decades, Pune has emerged as a leading IT hub in India. There is a large migrant population in Pune looking for work and shelter. There is a significant demand for housing amongst all income groups. Ravet is a popular choice for home buyers, given its connectivity to prominent employment hubs. Whether you seek a home to live in or for investment, both ways, you get a good deal. There will always be a housing demand, which means your home may fetch you good rental income if you don’t plan to stay there.
Affordable Property/ ROI
The property rates in Ravet are far more affordable compared to other Pune suburbs. Having your own home in a fast-growing city augurs well for the investment you would make. You can be assured of handsome returns in the coming years.
In recent years, the govt. Has pumped up efforts to develop Pune suburbs. Ravet is emerging into a modern town, ready to take on the future. The civic amenities are excellent, and the social infrastructure is good. Everything you need is available here: right from schools to banks, markets, malls, retail options, hospitals, etc. Some popular schools and colleges include D.Y. Patil International University, PCCOE&R, D.Y. Patil Dnyanshanti School, Symbiosis Skills Open University, Good Samaritan School, etc. Some famous hospitals here are Ratna Memorial Hospital, Aditya Birla Memorial Hospital, Seth Ramdas Shah Memorial Hospital & Research Centre, etc. For shopaholics, there are Ozone Mall, Jewel Square Mall, and Laxmi Road., etc.
Any investment done in Ravet at this time will bring you fortunes in the coming years. If you’ve been looking to make an investment in Pune, check out ongoing projects in pune by Vision Creative Group.