Rental properties in Pune are witnessing high demand
Pune has witnessed a consistent real estate market in the last few years and continues to be one of the prime cities for residential investment.
A high migrant influx offers a robust market for rental property in Pune. Growth of the industries in Pune has stimulated the growth of the real estate market.
The demand for residential property in Pune continues to rise in the city not only because of the IT sector but also the current boom of the automobile sector, service and education industries.
A large amount of young student population migrating from different parts of the country and even abroad has further added to the requirement of rental apartments in Pune.
According to experts, investing in a residential property in a strategic location in Pune with the purpose of renting it out is becoming an excellent investment proposition. As the cost of properties and the interest rates of housing loans have started increasing, people prefers to stay in rented apartments in Pune.
The rent rates in Pune have gone up around 15 per cent since last year as the fresh inventory is less in the region.
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Source: Economic Times
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